How Does Inflation Work?

Episode 14: How Does Inflation Work? - has Professor of Economics at Avila University, Dr. Malcolm Gold, explain the factors that create inflation. Episode Summary: This episode of the Simple Questions Podcast features a discussion between Dylan Carnahan and Dr. Malcolm Gold, a Professor of Economics at Avila University. Malcolm earned his Doctorate degree in economics from the University of Wisconsin-Madison in 2009. Since earning his doctorate, Dr. Gold teaches in the undergraduate and graduate programs at Avila University and supports students as an incoming undergraduate advisor and as a faculty athletic representative. Outside of work, Malcolm volunteers for Burroughs Audubon Society of Kansas City, Kansas Ornithological Society, and Cornell University passing on a love for birds by leading field trips and serving in record capacities. Dr. Gold's love of birds has led him to assist and be featured in the Kansas Birding Trails project. Listen as Dr. Gold provides a concise explanation of the factors surrounding inflation. We talk about fiscal policy, monetary policy, and what the U.S. can do to combat our inflation. In this episode we discuss: 00:00 - Good Time by Nicole Springer (Apple & Spotify) 01:05 - Introducing Malcolm Gold 03:30 - An Economist's Journey 08:35 - What Is Inflation? 09:12 - Good or Bad? 10:39 - Consumer Price Index 14:33 - Inflation Factors 19:39 - Reducing Inflation 24:47 - Who Benefits? 29:47 - How Concerned Should We Be? 31:45 - What's Causing Our Recent Inflation? 40:49 - What's Steps Can We Take To Reduce Inflation? 44:28 - Resources & Closing Remarks 46:11 - Conclusion and Information Resources: Avila University American Economic Association