Want to create an interactive transcript for this episode?
Podcast: Why Is This Happening? The Chris Hayes Podcast
Episode: What’s Going on With the Economy? with Matthew Klein
Description: The United States hasn’t seen inflation like current levels since the late 1970s. The pandemic prompted unusually high levels of fiscal stimulus, including the rollout of relief through programs like the American Rescue Plan, which some have blamed for inflation. But our guest this week shares that increased economic relief isn’t really the biggest contributing factor leading to inflation. Author Matthew Klein points out that supply chain disruptions created by the COVID crisis, along with the war in Ukraine, actually explain the majority of the changes we’re experiencing. Klein has reported for numerous outlets including Bloomberg, the Financ...