With only a week to go until the US midterm elections, inflation is the issue at the top of most voters’ minds. As Democrats and Republicans make their cases for who can get prices to come down, one thing remains true: High prices are not going to go away overnight. Economists Mike Konczal (@rortybomb) of the Roosevelt Institute and Michael Strain (@MichaelRStrain) of the American Enterprise Institute discuss how we got here and the least painful way out of this. References: Is the cure for inflation worse than the disease? Today, Explained: The devil’s bargain on inflation To beat inflation, the Fed might have to trigger a recession What aren't we doing to fix inflation? Student Loan Forgiveness Plan Won’t Make Inflation Worse—Even If It Adds $400 Billion To Deficit, Goldman Says Hosts: Jonquilyn Hill (@jonquilynhill) Credits: Sofi LaLonde, producer Efim Shapiro, engineer Libby Nelson, editorial adviser A.M. Hall, deputy editorial director of talk podcasts Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related