The Fed and Inflation: The stories we tell.
Today, we’re talking about the stories we tell. Narratives that take root and stubbornly refuse to die. The economic version of urban legends. Today’s culprit is the Federal Reserve. I watched the two-hour testimony of Federal Reserve Chair Jerome Powell, so you don’t have to. And it was a masterclass in euphemisms intended to cover the Fed’s desire to put more people out of work. Two million of you, to be exact. So let’s talk about stories and legends. Chapters Intro: 00:01:05 Chapter One: In God we trust. In the consumer, not so much. 00:01:25 Chapter Two: Enter the Federal Reserve. 00:08:47 Chapter Three: Crossing the river. 00:16:58 Bring it home, Max. 00:24:46 Post Show Musings: 00:30:03 Book Love: 00:31:22 Outro: 00:47:35 Resources St. Louis Fed: The Fed and the Dual Mandate Politico: The Senate’s crypto queen has a sweeping new Bitcoin bill The New York Times: Fed Chair Opens Door to Faster Rate Moves and a Higher Peak Americans for Tax Reform: Student Loan Bailout Applicants Will Spend More on Vacation, Drugs, and Gambling Intelligent: Nearly half of student loan forgiveness recipients will use relief to go on vacation St. Louis Fed: CPI Vs. PCE Inflation: Choosing a Standard Measure UNFTR Resources Podcast: Student Debt: Hey Boomer, STFU. Podcast: Biden’s Big Student Debt Announcement: PITOTWIU for the Indebted Masses. YouTube: Student Debt. The Supreme Court and GOP team up against the working class. Book Love Robert J. Shiller: Narrative Economics: How Stories Go Viral and Drive Major Economic Events Post Show Musings Cornell: AI vs. AI. Two chatbots talking to each other Clear + Vivid Podcast: Alan chats with the bots -- If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! www.youtube.com/@UNFTR Please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com. Join the Unf*cker-run Facebook group: facebook.com/groups/2051537518349565 Buy yourself some Unf*cking Coffee at shop.unftr.com. Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week. Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99. Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic." See omnystudio.com/listener for privacy information.