The Challenge of Inflation and Monetary Policy

In this podcast episode, the discussion revolves around the topic of inflation and its implications. The speakers explore the importance of understanding the real dynamics of monetary policy and debunking misconceptions around it. They also touch upon the significance of industrial policy and how it can impact the economy. Additionally, the episode delves into the failed coalition government and the challenges of achieving moderate policies in the US. Overall, the conversation highlights the complexities of economic policies and the limitations faced in implementing them effectively.