Inflation Frustration as Fed Cuts Rates
Inflation Frustration as Fed Cuts Rates
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Inflation has eased, but many Americans aren’t feeling the relief. Their concern is front and center this election, where the economy remains the pivotal issue for voters. As the Federal Reserve cuts rates this week, we delve into competing views on the root causes of recent price surges, the Fed's response to those surges, and the effects of demand-side vs. supply-side stimulus on the American economy. Joining us for a lively conversation are Kitty Richards, Senior Fellow at Groundwork Collaborative and Former Treasury Official, and Jason Furman, Aetna Professor of the Practice of Economic Policy at Harvard University.
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Host/Executive Producer – Jon Stewart
Executive Producer – James Dixon
Executive Producer – Chris McShane
Executive Producer – Caity Gray
Lead Producer – Lauren Walker
Producer – Brittany Mehmedovic
Video Editor & Engineer – Rob Vitolo
Audio Editor & Engineer – Nicole Boyce
Researcher/Associate Producer – Gillian Spear
Music by Hansdle Hsu
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United States
To oversimplify, imagine we're in the 1930s, and will say bread costs a nickel - but many people don't have jobs or money to buy the bread. Then FDR did his thing and more people have money and want to buy bread. The bread company therefore hires more people to produce bread, but in the meantime, prices go up because bread is scarce. Now those new hires have money and want to buy bread. Scarcity again goes up and the company hires more workers who then have money and want to buy bread=inflation.
Economics has been called the "dismal science" because it states realities even when they're not compatible with our sense of right and wrong. Jon wants to funnel money to consumers and workers, the demand side, instead of to the banks and corporations, which is the supply side. He is absolutely right that the supply side has too much power to line its own pockets when that is done, but there are unavoidable consequences to the demand side that he doesn't seem to get. It is not a blame issue.
Wow, Jason is detestable. He tries to push the normies, who make the economy, out of the discussion by being a pretentious know-it-all dick. He hopes we'll walk away and leave it to the pros. Fuck you, Jason. You do harm.
24:30 "unprovoked invasion of Ukraine"? People this uninformed have no business being invited to discuss politics. I almost spat my tea out of my nose!
Jon no longer represents the left. the asshole who literally used the phrase "the unprovoked attack by Russia on Ukraine" should have been called out and never asked back on the slow again. Jon utterly and completely failed to do his job as an alleged journalist, but did his job as a tool of the establishment. He has disappointed the left even before he gave a tongue bath to war criminals, but seriously? I used to admire this guy....
You're going to let him gaslight after he brought up the topics??