Welcome to episode 2 of Modern Money Doughnuts (MMD), hosted by Steven Hail and Gabrielle Bond. MMD is an international show about modern monetary theory and ecological economics. (All episodes of Modern Money Donuts are listed on this page by Modern Money Labs.) Today Steven and Gabie talk with Fadhel Kaboub, discussing the following questions: What is inflation, what causes it, what doesn't cause it and why has the inflation rate spiked in the USA and some other countries (not all – much less so in Australia and virtually not at all in Japan)? What are the best ways of managing inflation pressure points? What links the present inflation scare to the barriers to a Green New Deal and the problem of building a distributive and regenerative economy. Here's the video from which this audio comes from. The audio is unedited. MMD is hosted by KRTD Media, and the audio podcast is, for now, hosted by Activist #MMT. So if you'd like to be automatically notified of each new MMD episode, then subscribe to Activist #MMT on your favorite podcast platform.