"Econ 102" with Noah Smith and Erik Torenberg cover image

Fiscal Dominance, the War in Ukraine's Actual Cost, and Fact Checking Rich Men North of Richmond

"Econ 102" with Noah Smith and Erik Torenberg

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Economic Misconceptions and Global Shifts

This chapter analyzes the dissonance between public sentiment and actual economic indicators in the U.S., exploring employment rates, wage growth, and the impact of rising interest rates. It delves into the relationship between inflation, government debt, and shifts in global supply chains, particularly as manufacturing moves away from China. The discussion also considers the potential for a future marked by cheaper oil and its effects on overall inflation.

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