2min chapter

The MMT Podcast with Patricia Pino & Christian Reilly cover image

#166 Dirk Ehnts: What Are Taxes For?

The MMT Podcast with Patricia Pino & Christian Reilly

CHAPTER

The Role of OPEC in Inflation

The big inflation story this week was oil, OPEC cutting production. Would you mind talking about the link between OPEC as a price setter and inflation? Yeah, well, I mean, the energy price is very important because it goes into the CPI,. And if gas gets to be more expensive at the pump, then of course, we pay a higher price and inflation goes up. The only thing that you could do, of course, is to not rely on oil anymore.

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