Don't Panic! It's Only Supply-Side Inflation

Why are interest rates going up? Why is inflation going up? Why is it that every time you ask a question about economics you uncover yet another swindle?By the end of this second half of our conversation with Wayne McMillan, you will know more than many past and present federal treasurers about how to run a national economy. Spoiler: it doesn't include blaming wage earners for this latest bout of inflation. CreditsReserve Bank Governor Philip Lowe warns it is unclear how high interest rates will goABC News (Australia), 7.30, June 14, 2022IN FULL: Treasurer Jim Chalmers on the interest rate decision and RBA announcement, ABC News (Australia), June 7, 2022IN FULL: Treasurer Jim Chalmers speaks about the economy, ABC News (Australia), Press Conference on July 18, 2022Professor Joseph E. Stiglitz on 7.30 with Sarah Ferguson, July 6, 2022Theme music:One in Ten by UB40St. Germain by Alice Ivyhttps://orangefreesounds.com/quiz-show-background-music-loop/The song is permitted for non-commercial use under license “Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)”https://orangefreesounds.com/The sound effects permitted for commercial use under license Creative Commons Attribution 4.0 International License