Is Inflation Really Our Friend?

Is Inflation Really Our Friend?

From Is This Really a Thing? by UCF College of Business

July 13, 2022 · 25 min

About this episode

The episode discusses the current state of inflation and its various causes with economist Sean Snaith.

Inflation hasn’t been much of an issue since Jimmy Carter was in office. But—like Mom Jeans and mullets—it’s totally back. This time, though, it feels different. We’re paying more than ever at the pump and in the grocery stores, so what’s to blame? Is it government spending? Supply chain shortages? The war in Ukraine? We’ve got questions, so we turned to UCF economist Sean Snaith for answers. Additional Resources Want to learn more? Check out Snaith’s latest U.S. Economic Report from UCF’s Institute for Economic Forecasting. Featured Guests Sean Snaith, Ph.D. - Director, Institute for Economic Forecasting Episode Transcription Paul Jarley: Inflation hasn't really been an issue since the Carter years. That Saturday Night Live skit was Dan Aykroyd impersonating Jimmy Carter. Inflation is definitely not the friend of people who are on fixed incomes. Today's inflation, though, feels a little different. Some people think it's not a surprise. We printed a bunch of money during the pandemic, and we're suffering the consequences to that. Spending was high, particularly government spending. Some people blame it on supply chain shortages. Some people blame it on the war in Ukraine. Some…

People in this episode

Host: Paul Jarley

Guest: Sean Snaith Ph D

Topics covered

  • inflation
  • economics
  • government spending
  • supply chain
  • Ukraine war

Keywords

  • U.S. Economic Report
  • Institute for Economic Forecasting

Mentioned in this episode

Books & works: U.S. Economic Report, Saturday Night Live

Places: Ukraine

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