Live Interview: How Our Simplistic 'Inflation' Discourse Fuels the War on Workers - with Josh Mason
Added 2022-07-13 16:19:51 +0000 UTCIn this Citations Needed Live Interview with Josh Mason, Associate Professor of Economics at John Jay College, City University of New York, recorded virtually on July 8, 2022, we discuss how media narratives on inflation fuel the war on low-wage workers.
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Guest
J. W. Mason (@JWMason1), Ph.D., is an Associate Professor of Economics at John Jay College, City University of New York, and a Fellow at the Roosevelt Institute.
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Show Notes
What We’re Missing in the Inflation Panic
J.W. Mason | July 9, 2022 | Barron's
Companies use inflation to hike prices and generate huge profits, report says
Khristopher J. Brooks | May 27, 2022 | CBS News
I Listened In on Big Business. It’s Profiting From Inflation, and You’re Paying for It.
Lindsay Owens | May 5, 2022 | The New York Times
Revealed: top US corporations raising prices on Americans even as profits surge
Tom Perkins | April 27, 2022 | The Guardian
It’s not just inflation — it’s price gouging
Lindsay Owens | March 15, 2022 | MinnPost
Don’t Learn the Wrong Lesson on Inflation
Skanda Amarnath and Alex Williams | November 18, 2021 | Politico
Real Wages Are Increasing for Those in the Bottom Half of the Income Distribution
Joana Duran-Franch, Mike Konczal | November 17, 2021 | Roosevelt Institute
Dominick Reuter and Andy Kiersz | November 16, 2021 | Insider
Todd N. Tucker | November 16, 2021 | Roosevelt Institute
Inflation is bad. But mass unemployment would have been worse.
J.W. Mason and Lauren Melodia | November 15, 2021 | The Washington Post
Alternative Visions of Inflation
J.W. Mason | July 27, 2021
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Transcript
For a full transcript of this Live Interview, go here.
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Comments
I really liked this episode and it really helped me understand some of what I’m seeing in the media lately re: inflation. I can’t believe Josh’s son eats limes like oranges! 😱
Leann
2022-07-16 04:07:25 +0000 UTCI wish I understood 1 word of this
natfos 💌
2022-07-15 11:48:48 +0000 UTCThanks for this episode - I'll certainly keep my eye out for anything else written by Josh Mason in future.
Ciaran Colley
2022-07-14 11:34:06 +0000 UTCHeartily agree with everything in this post. Matters affecting actual physical resources, rather than governments embarking on spending, are much more likely to bring about a spike in inflation (and there were shortages and bottlenecks of goods happening in the period just prior to the Ukraine invasion). Josh says as much in the show (regarding breakdown of a nation state, etc.).
Ciaran Colley
2022-07-14 11:32:56 +0000 UTCSo much this.
Beard McGowan
2022-07-13 22:55:25 +0000 UTCThe part that makes me very frustrated is what I think is a bad faith argument of “this disproves MMT.” It only does if you believe the sole reason for inflationary pressures on goods is directly related to the government spending that occurred 2 years ago. As far as I’m aware OPEC+ fuel production levels are not directly linked to US government expenditures nor is supply chain disruptions/shortages. Correct me if I’m wrong, but I don’t think those stimulus checks caused the war in Ukrainian. Fuel cost are apart of all costs of goods and therefore all cost of goods will raise as a portion of how much it costs to transport a good. If there is a shortage of goods the remaining good will cost more. This stuff is actually in ECON 101. It’s the dumb charts with the lines that say Supply and Demand. Clearly the people that like saying that trite phrase weren’t paying attention.
Ben Gialenios
2022-07-13 21:08:02 +0000 UTCFirst
David
2022-07-13 16:20:46 +0000 UTC
