Controversy Surrounding the Target Inflation Rate

There have been a lot of bad takes on inflation out there in the media, from wild speculation about its causes to absurd predictions about when and how the wave of price increases would finally come to an end. But now just about everyone agrees that after two years of rising prices, inflation has finally slowed down. And while there’s still a long way to go, the situation is dramatically better now than it was even six months ago. Mike Konczal from the Roosevelt Institute recently did some research into the disinflation we’ve been seeing, and he returns to the show to tell us what’s really bringing prices back down to earth.

Mike Konczal is director of Macroeconomic Analysis at the Roosevelt Institute, where he focuses on full employment, inequality, and the role of public power in a democracy.

Twitter: @mtkonczal

Supply-Side Expansion Has Driven the Decline in Inflation

https://rooseveltinstitute.org/publications/supply-side-expansion-has-driven-the-decline-in-inflation 

How Goldilocks Came to the U.S. Economy https://www.nytimes.com/2023/09/11/opinion/inflation-unemployment-phillips-recession.html 

Pre-Order Nick's new book, Corporate Bullsh*t https://www.corporatebsbook.com

Website: http://pitchforkeconomics.com

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Nick’s twitter: @NickHanauer