Скачать или смотреть What Can the White House do about Inflation? - Econ Buff Podcast #41 with Rex Pjesky & Ryan Mattson

Dr. Ryan Mattson and Dr. Rex Pjesky talk with me about inflation and potential policies responses to it. We respond to a Washington Post article proposing different things the White House can do to combat the current inflation episode. Dr. Mattson reacts to the first proposal which suggests national reindustrialization. He describes the economic theory behind inflation and monetary policy, setting up the whole episode. Dr. Pjesky discusses the suggestion to stop federal spending, what it means, and how fiscal and monetary policy interact. He believes this is one of the few decent suggestions and enlightens us on the interaction between monetary policy and fiscal policy. Dr. Mattson addresses Claudia Sahm’s proposal control the Covid Pandemic to fight inflation. He praises Sahm’s work in general but criticizes this article as off base in terms of macro theory and practice. Dr. Pjesky explains how investing in child care will not be a solution to inflation. We spend the rest of the episode exploring this question. We field questions from the audience about various inflation and unemployment ideas. Dr. Mattson and Dr. Pjesky address what the labor force is and how it interacts with inflation. I lay out my view on how culture and economics interact. Dr. Pjesky discusses how economists identify whether a trend can be causing another trend. Dr. Mattson argues that family structure does not have macroeconomic consequences and I push back. Finally, we explore the nature of wages, government intervention, and inflation.

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