Economist Podcasts Heavyweight-price fight: how to beat global inflation
Jan 20, 2022
Henry Kerb, Economics editor for The Economist, alongside Charlie McCann, Southeast Asia correspondent, dives into the global inflation crisis plaguing developed nations. They examine the complex factors driving rising prices and debate various government strategies. Transitioning to Myanmar, they share the harrowing experiences of military defectors and the support networks that aid them. The conversation also touches on the evolving nature of cover songs, blending issues of authorship and authenticity in music.
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Global Inflation Resurgence
- Global inflation is hitting consumers hard worldwide, similar to the 1970s.
- Leaders are trying to find solutions, but central banks are the key players.
Inflation Drivers
- Current global inflation is driven by factors like US stimulus spending and supply chain issues.
- Tight labor markets and rising energy prices, particularly in Europe, also contribute.
1970s Inflationary Period
- The 1970s saw a similar global inflation surge, fueled by tight labor markets and oil price shocks.
- This period troubled US presidents from Nixon to Reagan and led to Thatcher's election in Britain.