2024-12-02
50 分钟Welcome to Macro Musings, where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past, present and future.
I am your host, David Beckwourth, a senior research fellow at the Mercitus center at George Mason University, and I'm glad you decided to join us.
Our guest today is Zachary Mazlis.
Zach is an economist at the University of Oxford and joins us today to help us make sense of some recent and important developments, specifically the inflation linkages to the 2024 presidential election and the macroeconomic implications of transformative A.I.
zach, welcome to the show.
Thanks so much for having me on.
David.
It's an honor to be here.
Well, it's great to have you on and you've written several interesting articles and our common friend, Basil Halperin is what connected us.
He directed me to the substack piece that you've written that's really fascinating.
In fact, it cleared up my thinking some of the questions I had on the linkages between inflation and the election.
We're going to talk about this article that you've written on your substack.
We'll provide links to this listeners in the show notes as well as Zach's website and all these articles that he have written.
They're really interesting.
The article was titled yes, Inflation Made the Median Voter Poor.
This is a very insightful piece and I was again thrilled to read it because it cleared up my thinking and hopefully it will clear up the thinking of some of our listeners too, because there's been so much said about real wages, real earnings during the pandemic period.
Many people have argued this is great evidence for running the economy hot.
Yeah, we had some inflation.
In fact, Paul Krugman you mentioned in your notes says, hey, but they've caught back up.
But there are a number of people who have said, well, it's more complicated than that.