Why Prices are Higher: Just the Facts!

The great news is that Inflation is back to 2-3%, but the prices for some of what we buy remain high. In today’s episode, entitled Why Prices are Higher: Just the Facts!, we address why.

Our guests are Dr. Jennifer Davidson and Mike Raymer.

Dr. Davidson is the President of the Nebraska Council on Economic Education and the Associate Professor of Practice in Economics at the University of Nebraska-Lincoln.

Mike Raymer is the Executive Director of the Georgia Council on Economic Education and a former award winning economics educator.

You will finish the podcast understanding how to spot the nonsense shared on social media and some news outlets so you and your partner can have an informed fact based conversation about inflation, and how you can manage it in your home.

Show Notes

00:00 Introduction
02:40 What is inflation and how is it measured?
06:23 Who is primarily responsible for managing inflation in the United States?
14:04 If inflation is down, why are groceries still expensive?
22:50 What were the contributing factors to the inflation spike post 2020?
29:05 How did the United States manage inflation, relative to the rest of the world?
33:26 The opposite of inflation is deflation. What is worse, a 10% rate of inflation or 10% rate of deflation, and why?
35:53 What are some practical ways couples can manage higher prices?
39:16 What is one piece of simple and actionable advice you want to leave our listeners with as it pertains to higher prices?

Resources

Search article title "Why Prices are Higher: Just the Facts!" at modernhusbands.com for the data points and resources mentioned in the episode.

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Chapters

• 0:00 Introduction
• 2:40 What is inflation and how is it measured?
• 6:23 Who is primarily responsible for managing inflation in the United States?
• 14:04 If inflation is down, why are groceries still expensive?
• 22:50 What were the contributing factors to the inflation spike post 2020?
• 29:05 How did the United States manage inflation, relative to the rest of the world?
• 33:26 The opposite of inflation is deflation. What is worse, a 10% rate of inflation or 10% rate of deflation, and why?
• 35:53 What are some practical ways couples can manage higher prices?
• 39:16 What is one piece of simple and actionable advice you want to leave our listeners with as it pertains to higher prices?