AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Economics Show
Do price controls really help with inflation? With Isabella Weber
Sep 9, 2024
Isabella Weber, an associate professor at UMass Amherst, dives into the heated debate over price controls in response to inflation. She discusses the concept of 'shockflation' and critiques traditional monetary policies as insufficient. Weber advocates for government measures like capping prices on essential goods to stabilize markets and support vulnerable populations. The conversation also contrasts U.S. and European approaches to inflation, shedding light on the challenges and complexities of effective economic policy.
33:29
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Isabella Weber argues that unconventional tools and price controls may be essential for managing inflation exacerbated by global supply shocks.
- The shift in energy investment from traditional sources to lower carbon options signifies a crucial balance needed during the energy transition.
Deep dives
The Shift in Energy Strategy
Efforts are being made to transition to lower carbon energy sources in the UK while also maintaining a steady flow of oil and gas from the North Sea. Companies like BP are significantly increasing their investments in lower carbon and transition businesses, reflecting a growing commitment to sustainable energy. The percentage of global annual investment in these sectors has increased from 3% in 2019 to approximately 23% in 2023. This shift not only highlights the need for cleaner energy solutions but also underscores the balance required in maintaining traditional energy sources during the transition.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode