92: Greedflation

In the beginning of 2022 we were told that inflation would be temporary, but it stuck around. Then the Fed jumped in and raised interest rates in order to lower inflation, and that didn't work either. So as pundits and economists struggle to explain, a new theory is being proposed to explain our current situation: greedflation. In this episode we dissect an article about this term and offer our take on the current inadequacy of mainstream economic models to explain the current situation. 

Music: Beauty Flow by Kevin Macleod
Photo: fikry anshor on Unsplash

References: Greedflation Article