A New Definition of Inflation
Forbes Media chairman and co-author of "Inflation" Steve Forbes presented his definition of inflation. He was interviewed by New York Times economics reporter Jeanna Smialek.
Description
Forbes Media chairman and co-author of "Inflation" Steve Forbes presented his definition of inflation. He was interviewed by New York Times economics reporter Jeanna Smialek.
Bell Ringer Assignment
- According to Steve Forbes, what are the "two kinds" of inflation?
- What examples of the first kind of inflation does Forbes provide? Based on the clip, how does this type of inflation typically end?
- Based on the clip, what causes the second type of inflation? Why is this type "ominous?"
- According to Jeanna Smialek, how is inflation "traditionally" defined?
- Does Forbes agree with the traditional definition? Why or why not?
Additional Resources
Participants
Vocabulary
- Central Bank
- Coronavirus
- Currency
- Demand
- Federal Reserve
- Inflation
- Price
- Supply
- Supply Chain
- World War Two