Economist Podcasts America’s sneezing: diagnosing global inflation
Nov 24, 2021
Simon Rabinovich, The Economist's U.S. economics editor, dives into America’s inflation crisis, discussing factors driving prices up and how governmental actions are shaping the economic landscape. Robert Guest, the foreign editor, examines the waning influence of the U.S. on global affairs and the ascent of authoritarian regimes. Lane Green, the language columnist, challenges the notion that Inuit languages have many snow words and traces how environmental factors influence color terminology, revealing fascinating insights into language and culture.
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American Inflation
- America faces the highest inflation among wealthy nations.
- The pandemic's economic disruption and America's robust response contribute to this.
US Pandemic Response
- America's rapid and substantial pandemic response fueled a significant economic boom.
- This included stimulus checks and loose monetary policy by the Federal Reserve.
Impact of Social Spending
- Proposed social spending bills, while substantial, are unlikely to worsen inflation significantly.
- Their spending is spread over a decade and won't drastically impact immediate price pressures.