Learning From Past Fights With Inflation
Date
January 26, 2023
Guests
J. Bradford DeLong
Jan. 26, 2023 — Economist Brad DeLong was feeling optimistic in February 2021, because inflation was well below target. Weeks later, Russian President Vladimir Putin launched the invasion of Ukraine, sending price shocks through the global economy.
The latest numbers indicate inflation is slowing, but people around the world are still feeling the sting. While the US has it better than most, no one is immune from the global economic slump.
So what does inflation mean for our pocketbooks, and for our mental health? Ray Suarez speaks with DeLong about why a little bit of inflation may be good for the economy, but also signals to service-sector and middle class workers that the system isn’t working for them.
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