Macrodose - Inflation, austerity and the wage-price spiral
Added 2022-11-23 06:30:01 +0000 UTCOn the first episode of Macrodose James Meadway breaks down the the OECD warning that the UK’s growth prospects are the worst of all the G7 countries (1:06); the austerity 2.0 measures of Rishi Sunak’s government (6:05); and the new IMF report on inflation, which debunks the idea that advanced economies, like the UK, are experience rising prices due to an increase in worker pay (13:05).
Comments
Macrodose is a great idea for a Podcast! 👏👏👏
Jane Hayward
2022-11-23 07:41:55 +0000 UTCi literally don’t understand how a price cap can be said to add to inflation. when you don’t have a price cap, surely you still have to spend that ‘extra’ money. the only difference is you are forced to spend it on energy instead of other essentials. Why does spending money on gas bills instead of shopping not contribute to inflation?
Matthew Duncan
2022-11-23 07:09:14 +0000 UTC
