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The Ezra Klein Show
Matter of Opinion: Paul Krugman on Inflation, ‘Bad Vibes’ and 2024
Mar 26, 2024
36:36:24
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Nobel laureate economist Paul Krugman discusses the disconnect between economic indicators and public sentiment, analyzing how inflation, interest rates, and wages impact voters' perception of the economy. Debates on the influence of the economy on the 2024 presidential election, comparing Joe Biden and Donald Trump. Also, Ross Douthat reflects on aging through Michael Caine impressions.
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Quick takeaways
- Consumer perception of the economy differs from economist's view due to inflation and wage disparity.
- Shift in consumer demand from services to goods leads to supply constraints and onset of inflation.
Deep dives
Understanding the Current Economic Landscape
The podcast delves into the complexity of the current economy, highlighting the aftermath effects of the COVID-19 pandemic. The discussion emphasizes the shift in consumer demand from services to goods, leading to supply constraints and the onset of inflation. Insights from Nobel Prize-winning economist Paul Krugman shed light on the unique economic challenges faced in 2021 and 2022, with a comparison to the economic landscape post-World War II.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode