Episode

11/11 Inflation, Gas Prices, And A Green Transition w/ Ryan Cooper

November 11, 2021

Emma hosts Ryan Cooper, national correspondent for The Week, to discuss his recent piece “The Most Underrated Part of the Electric Revolution”, on the connections between inflation and a green transition, and how making a shift away from gases and to electricity, especially in transportation, can be a solution to rising prices. Ryan and Emma start off with a lighthearted reflection on the recent CNN piece tracking the impact of inflation on a family of 12 that drinks a lot of milk, alongside the legitimate impact of supply chain bottlenecks. Ryan Cooper looks back to the 1970s at the last era of mass inflation in the US, and the massive difference between almost a decade of at least seven percent inflation, and a month of maybe six percent, before he and Emma shift towards the effect of inflation on debt, and the role creditors play in fear-mongering around rising prices. They look at the current state of household debt and wealth in the US, with both rates on the rise, and how the rising wealth has seen an increase in silly spending on immaterial things, from crypto and NFTs to stocks, while the rising prices with wage increase cut the real effect of the debt, thus we don’t see a massive negative impact of inflation on the wealthy, and we could see a positive impact for the largely in debt. Next, they shift into the meat of Cooper’s piece, looking at the role of gas prices within inflation as a whole as a much more volatile material in contrast with electricity, which can further be produced by homeowners themselves, taking on how big of an effect simply switching to Electric Vehicles could have, before they go into a more comprehensive response to this issue, looking at the effect of investing in public transportation and non-car infrastructure. Emma also covers the wildly lopsided relationship to punishment had by the judge currently presiding over the Rittenhouse double homicide case.

And in the Fun Half: Emma is joined by Matt and Brandon as they take on media literacy in the US and who’s to blame, as well the false bike-car dichotomy, Elaine Chao’s call for us as a country (by which she means you as a laborer) to take on more work. Dylan from StL reports on Matt Walsh’s upcoming attendance at a mandatory vax event, the crew discusses the impossibility of being pro-fascism abroad and then fighting fascism at home – as shown by Tulsi Gabbard – and take a victory lap on the Houston PD’s admission of using drug conspiracies to shirk security’s blame for the Astroworld tragedy. Bee from Queens thanks MR for their coverage on Prager’s absurd AIDS comp, and Matt from Wilmington NC hits on topics ranging from yesterday’s anniversary of the 1898 massacre in NC, to the incredible talent of Matt Lech and the perfect pairing of microdosing and baseball, plus, your calls and IMs!

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Past Episodes

Sam and Emma host Jonathan Levy, professor of History at the University of Chicago, to discuss his recent book Ages of American Capitalism: A History of the United States. Sam and Emma begin by discussing the newly passed defense policy bill and debt limit increase in the House, which includes ...
Sam and Emma host David Dayen, Executive Editor at The American Prospect, to discuss his recent project "The Great Escape", about the mass quitting trend in the labor market, as well as his new piece "Lina Khan Cashes in Her Chips." They begin by confronting the numbers of the recent wave of ...
Sam and Emma host Claudia Goldin, Professor of Economics at Harvard University, to discuss her recent book Career and Family: Women's Century-Long Journey Toward Equity, on the history of women’s entry into the workforce and how they transitioned from a choice between career or family, to an ...