Inflation and Economic Models

The podcast discusses the topic of inflation and how it has impacted the economy. Adam describes his position as being part of 'Team Transitory' and argues that inflation would be temporary and resolve itself. He feels vindicated as the United States' inflation rates have now come down to acceptable levels without a surge in unemployment. The podcast explores the need for new economic knowledge and better understanding of how price shocks work in order to prevent future inflation crises.