Unexplainable
We still don’t really know how inflation works
Jun 26, 2024
Delving into the mystery of inflation surge, the podcast explores factors behind the unexpected rise impacting voters. It discusses central banks shaping public beliefs on economy stability and the challenges they face. The chapter also questions the extent of people's impact on inflation expectations post-pandemic.
30:02
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Quick takeaways
- Expectations of future inflation impact present actions, affecting inflation.
- Factors like supply chain recovery significantly influence inflation rates besides Fed communication.
Deep dives
Economic Challenges in 2021
In the summer of 2021, concerns about inflation arose due to an influx of spending from stimulus checks. Dylan Matthews's skepticism led him to write an article titled 'don't worry about inflation.' However, inflation rates surged significantly to 8.6%, reaching levels not seen in 40 years.
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