EPISODE · Oct 19, 2022 · 1 MIN
It is dangerous to listen to lots of podcasts about inflation
from Die ekonomie minuut · host Waldo Krugell
One of the dangers of high inflation is that high prices are on our minds. We think and talk about how expensive everything has become and before long it affects the inflation rate we expect for next month and next year. Then you raise the prices at your business, or ask your boss for a big increase, and if everyone does that we just feed the inflation monster. Research shows that this is not just a story that economists tell. * The Economics Minute is supported by the NWU Business School.
What this episode covers
One of the dangers of high inflation is that high prices are on our minds. We think and talk about how expensive everything has become and before long it affects the inflation rate we expect for next month and next year. Then you raise the prices at your business, or ask your boss for a big increase, and if everyone does that we just feed the inflation monster. Research shows that this is not just a story that economists tell. * The Economics Minute is supported by the NWU Business School.
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It is dangerous to listen to lots of podcasts about inflation
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