Trending Globally: Politics and Policy Inflation’s winners and losers, with Mark Blyth
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Jun 25, 2025 
Mark Blyth, a political economist at the Watson Institute and author of "Inflation: A Guide for Users and Losers," dives into the complexities of inflation. He discusses competing theories behind its causes and the unique impacts of post-pandemic inflation on different income groups. The conversation highlights how lower-income households bear the brunt, explores innovative solutions like windfall taxes on oil profits, and emphasizes the need for equitable strategies to manage future inflation. Blyth's insights are both timely and thought-provoking.
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Inflation Has Winners and Losers
- Inflation produces winners and losers, often harming those already struggling the most.
- Wealthier consumers with assets like homes and stocks tend to benefit during inflationary periods.
Four Inflation Stories Explained
- Four main inflation causes exist: too much money, supply shortages, labor market pressures, and corporate price hikes.
- No single explanation fully accounts for post-pandemic global inflation.
Post-Pandemic Inflation Causes
- The post-pandemic inflation was mainly from various supply shocks rather than excess money or wages.
- Stimulus checks alone don't explain inflation since many affected countries did not use them.
