Post by the Scribe on Jul 15, 2023 21:14:57 GMT
JULY 14, 2023
Money, Money, Money
Over the past year, the federal reserve has raised interest rates repeatedly in its attempt to curb inflation. On this week's On The Media, is greed to blame for our inflation woes? Plus, how a century-long PR campaign taught Americans to love the free market and loathe their own government. 1. Lydia DePillis [@lydiadepillis], economy reporter at The New York Times, on what "greedflation" actually is. Listen. 2. Naomi Oreskes [@naomioreskes], professor of the history of science at Harvard University and the co-author, with Erik M. Conway, of "The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market," on century-old PR campaign, conducted by big business, to imbue Americans with a quasi-religious belief in the free market. Listen. 3. China Miéville, a speculative fiction writer and author of the recent book, "A Spectre, Haunting: On the Communist Manifesto," on the ebb and flow of the text's popularity through the decades, and what we might draw from it today. Listen.Music:Nocturne No.1 in B-Flat Major Op.9. No1 (Chopin) - Ivan MoravecBallade No. 2 in F, Op. 38 (Chopin) - Maurizio PolliniMarch for the 3rd Regiment of Foot - Liberty Tree Wind PlayersThe New East Louis Toodle-Oo (Duke Ellington)The People United Will Never Be Defeated - Carla Bley, Charlie Haden, Don CherryStolen Moments - Ahmad Jamal Trio
LISTEN: waaa.wnyc.org/otm/otm071423_cms1337532_pod.mp3/otm071423_cms1337532_pod.mp3_ywr3ahjkcgo_1c6d92dbc325f458d7612db93b17324e_49586800.mp3?awCollectionId=398&awEpisodeId=1337532&sc=siteplayer&aw_0_1st.playerid=siteplayer&hash_redirect=1&x-total-bytes=49586800&x-ais-classified=streaming&listeningSessionID=0CD_382_195__53c3dc4e72e7a79cf67c66f4f6c7e10ad10f374f
JUNE 14, 2023
Understanding "Greedflation"
In late 2021, Isabella Weber, an economist at University of Massachusetts, Amherst published a paper with a new idea. The theory, what she called "seller's inflation," sought to address the confounding fact that the economy was seeing rising high prices and skyrocketing corporate profits. The idea quickly moved from the halls of academia to the political arena. And quicker still, it was dismissed—at one point called a "conspiracy theory." But now, in 2023, "greedflation" is popping up across headlines. This week, OTM correspondent Micah Loewinger sits down with Lydia DePillis, a reporter on the business desk at The New York Times, to talk about her 2022 article dissecting the arguments for and against greedflation's impact on the economy, and everything that's happened since.
LISTEN: waaa.wnyc.org/otm/otm061423_cms1334940_pod_1.mp3/otm061423_cms1334940_pod_1.mp3_ywr3ahjkcgo_b91a2d6cc6ca4987e3d99c79286cddba_17978304.mp3?awCollectionId=398&awEpisodeId=1334940&sc=siteplayer&aw_0_1st.playerid=siteplayer&hash_redirect=1&x-total-bytes=17978304&x-ais-classified=streaming&listeningSessionID=0CD_382_195__41d6bf5e02d0874e5d4309e5d5a01f6a89cf467d