2 chapters across the catalog
A supercut of government messaging from June 2021 to June 2022 tracks the evolution of the "transitory inflation" narrative. Initially dismissed as temporary or a "high-class problem," the administration eventually shifted blame to Vladimir Putin and the "Putin Price Hike." Current gas prices are being compared to 2008 peaks, though adjusted for inflation, the current costs remain historically high.
Monetary Expansion, Tapering, Transitory Inflation
The hosts discuss claims that 40% of all U.S. dollars ever created were printed in the last 24 months. They criticize the Federal Reserve's use of terms like "tapering" and "transitory" to describe inflation, arguing that these words are "toxic" and misleading. The discussion focuses on the shift from a deflationary spiral to the current period of high consumer prices.
