Brace for Impact Inflation Alert Part 1 with Antony Davies and James Harrigan

With signs of inflation visible, how can business owners buffer against a bumpy road ahead? Hear economic experts Antony Davies and James R. Harrigan discuss rising prices, Federal Reserve actions, supply chain shortages, and labor force impacts, in the first of two THRIVE podcast episodes on inflation, U.S. debt, and the nation’s economy. Antony Davies and James R. Harrigan are co-hosts of the Words & Numbers podcast, and authors of “Cooperation and Coercion.” This is Episode 3 of the Season 3 THRIVE Paychex business podcast for small business owners, hosted by Gene Marks.

Topics Include:
2:11 - The misinformation around inflation
6:07 - Modern Monetary Theory ...
8:41 - ... and why it's monetary illusion.
12:05 - Why more gov’t money spurs inflation
14:30 - Supply chain shortages and price jumps
16:57 - Are CPI increases tied to extra unemployment benefits?
20:09 – Shortages in labor, and on shelves
22:40 - Borrowing in the face of inflation
27:06 - Is inflation ever "good?"