Noah Smith and Erik Torenberg explore the factors contributing to rising grocery prices and the impact of inflation on consumer sentiment, as well as debunking misconceptions about inflation. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.

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Sponsors: GIVEWELL | NETSUITE
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Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

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LINKS:
- Noahpinion on Substack: https://www.noahpinion.blog/
- Noah Smith, "Why are your groceries still so expensive?" on Substack: https://www.noahpinion.blog/p/why-are-your-groceries-still-so-expensive

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X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
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TIMESTAMPS:
(00:58) Episode preview
(03:00) The impact of inflation on consumer sentiment
(07:08) Factors of inflation
(13:52) The role of rent and monopoly power
(15:26) SPONSOR: GIVEWELL
(20:33) Wages and immigration impacting grocery prices
(24:47) Grocery prices and supply chain snarls
(25:52) SPONSOR: NETSUITE
(27:15) Causes of inflation and deflation
(31:04) Impact of aggregate supply and demand on inflation
(34:25) Low & stable inflation
(37:14) Erasing debt
(42:17) How innovation affects inflation
(51:09) Tech and real incomes
(52:36) Inflation in the 80s and 90s
(53:34) Expectation anchoring & inflation control
(59:20) COVID and inflation expectations
(01:04:37) Costless disinflation & manipulating expectations