Wrong Answer to the Right Question (guests: Russell Clark, Cem Karsan)
The Market Huddle
00:00
The Interaction of Bond Markets and Food Prices
The West has the more naturally adjustable system if that makes sense. So coming back to the sort of FDR type model where I'm going to let you raise prices, but you also have to raise wages. And so the socialist communist model is naturally quite inflationary because it's looking to raise the price of commodities and keep everything high. It doesn't want that sort of depressionary, the depression type activity that we had back in the firties.
Play episode from 39:37
Transcript
