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Cato Daily Podcast
Confront Errors in "Pandemic Inflation"
May 17, 2024
Exploring the impact of fiscal policy and government spending on post-pandemic inflation rates, analyzing factors driving the surge in 2021, public perception on inflation, consumer spending and corporate greed, and the importance of effective management by the Federal Reserve and government to prevent economic turmoil.
14:29
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Quick takeaways
- Government spending during the pandemic fueled inflation surge.
- Understanding and addressing inflation is crucial for public trust and stability.
Deep dives
Factors Leading to Inflation Surge
The podcast discusses the various factors that contributed to the inflation surge in 2021 and 2022. It highlights the role of fiscal policy, with the federal government injecting trillions of dollars into the economy, particularly in 2021. The combination of supply-side disturbances from the pandemic and significant government spending played a crucial role in driving up inflation. The timing of the spending in relation to the economy's recovery from the downturn is emphasized as a key factor in fueling the inflation surge.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode