103. It’s Time To Live With Higher Inflation

Steph and Robert are joined by Mohamed El-Erian, an esteemed economist and investor with a rich background at the International Monetary Fund and PIMCO. They delve into the pressing issue of rising inflation, advocating for an increase in targets from 2% to 3%. The conversation highlights the importance of public investment to address national debt and strategizes on navigating the ongoing global 'perma crisis'. El-Erian also emphasizes the role of AI in fueling economic growth while suggesting reforms for balanced fiscal policies.