The Intelligence from The Economist America’s sneezing: diagnosing global inflation
Nov 24, 2021
In this engaging discussion, Simon Rabinovich, The Economist’s U.S. economics editor, sheds light on America's inflation woes. Robert Guest, the foreign editor, critiques the diminishing U.S. influence, noting how mid-sized autocratic powers are seizing the opportunity. Lane Green, the language columnist, intriguingly connects language and color perception, exploring why some cultures lack a word for blue. Together, they unravel the intricate ties between inflation, geopolitical shifts, and linguistic quirks.
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Unique American Inflation
- America faces higher inflation than other G7 nations, exceeding 8% in two years.
- This is attributed to aggressive pandemic stimulus and loose monetary policy.
Double-Edged Policies
- While pandemic policies fueled inflation, they also facilitated a rapid economic recovery.
- This quick action prevented potential economic disaster and financial crisis.
Real Inflation Solutions
- Addressing inflation requires tackling stimulus and monetary easing, not just performative actions.
- Investigate price collusion and release oil reserves offer only marginal help.