Ep. 126: Firing Federal Workers is a Positive Supply Shock

2024-11-21

This is one of the rare podcast episodes that you might consider listening to at 75% speed instead of 125%. Because the Inflation Guy is feeling feisty, and when he feels feisty he talks fast. And he's feisty because today (why today, of all days? No one knows) he is especially triggered by the bad economics going around that suggests that mass layoffs of Federal employees would be recessionary and very painful. Au contraire, says the Inflation Guy (or he would say that, were he French) - firing Federal workers...

This is one of the rare podcast episodes that you might consider listening to at 75% speed instead of 125%. Because the Inflation Guy is feeling feisty, and when he feels feisty he talks fast. And he's feisty because today (why today, of all days? No one knows) he is especially triggered by the bad economics going around that suggests that mass layoffs of Federal employees would be recessionary and very painful. Au contraire, says the Inflation Guy (or he would say that, were he French) - firing Federal workers is a positive supply shock.

Listen, and find out in what way laying off Federal workers is like mass deportations of illegal immigrants.

NOTES

Goodhart, Charles and Manoj Pradhan, The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival (Product link: https://amzn.to/493QbJK )

Very important blog post: “What Makes a Stable Coin Stable?” https://inflationguy.blog/2024/10/31/what-makes-a-stable-coin-stable/

Blog for this month’s CPI: “Inflation Guy’s CPI Summary (October 2024)” (https://inflationguy.blog/2024/11/13/inflation-guys-cpi-summary-october-2024/ )

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