The conventional theory of what causes inflation is that too much money chasing not enough goods. But there's another view which focuses less on the demand side and more on constriction of supply. And so rising prices are caused by bottlenecks or other ways in which the supply of something is limited.
Featuring historian Tim Barker on the state of monetary politics amid the current fight over inflation.
Check out my July 2021 interview with Barker if you want a more expansive primer on inflation thedigradio.com/podcast/inflation-politics-with-tim-barker
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