On Upstream Podcast, Prof Wolff and Dean Baker: Inflation — a somewhat slippery topic that has been dominating headlines recently. It’s all caught up in the murky and often misleading narratives floating around on the pandemic economy, things we’ve discussed recently like the quote labor shortage, supply chains, spending bills in Washington. Anyways, the mainstream narratives get a lot wrong. Especially when they’re coming from the more right-wing elements — there’s just a lot of bad analysis and straight up mis- and even dis- information out there. So, we’re gonna take a shot at trying to actually unpack this idea of inflation: what is it? Why are we seeing inflation taking place? Why is the mainstream coverage of it often flawed?
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