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Episode 78, Carola Binder, author of Shock Values: Prices and Inflation in American Democracy, host Rick Ferri

Bogleheads On Investing Podcast

CHAPTER

Understanding Inflation and Economic Shocks

This chapter examines the historical context of inflation and deflation in the United States, detailing the author's academic journey and professional milestones in economics. It elaborates on the definitions and implications of inflation and deflation, emphasizing their effects on wages and government policy. The discussion also explores the concept of 'shock value' in relation to economic changes driven by various external factors and government interventions.

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