Justin Lahart
speaker
1,185 appearances
22 recordings
1 series
first heard Jul 2017
last heard Dec 2024
Justin Lahart’s voice in public audio — every appearance, attributed to the second.
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Appearances
When it comes down to it, what economists would say would really help cool inflation are things that take a long time to take hold.
You could have less regulation that takes time to make its way into the economy.
You could improve the skills of the U.S.
workforce.
That takes even longer, right?
That's educating workers.
You could set up things that create incentives to make firms more efficient, to improve productivity, to develop technologies.
Again, these are really long-term solutions, not things that you can really get done in the space of just four years.
People really hate paying higher prices.
That doesn't mean that they won't.
If people have the means to spend, they will spend.
They may cut back on less essential items, but if prices for essential items go up, then consumers will pay.
One concern right now
is that when consumers expect higher inflation, that can be a self-fulfilling prophecy.
If you expect higher inflation, you're going to fight for a wage increase to get in front of it.
That wage increase itself is inflationary, so it can snowball.
If inflation picks up again, this is a movie that Americans have now seen before.
We've had an inflation experience.
We hadn't had one in a very long time.
People will try to get out in front of it and they will try harder to get out in front of it than they did maybe in 2021.
Showing 41–60 of 1,185 · page 3 of 60
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