Can Foreign Policy Help Fix Inflation?

Kellogg's Global Politics

In today’s episode, we take on one of the most pressing concerns for nations worldwide: Inflation! What has caused the historical rise in the U.S., and what policies can help address this problem. We consider how the Russia-Ukraine war impacts inflation and why governments should be franker in how policies like sanctions directly affect consumer prices. We also discuss how immigration may be key to the labor shortage problem and help keep prices down.
Topics Discussed in this Episode

• 8:20 - Response from listeners on China's lack of influence on OPEC+ nations
• 13:07 - Causes of Inflation
• 35:47 - Immigration and the Labor Market

Articles Mentioned in Episode

Causes of Inflation

• The global stagflation shock of 2022: how bad could it get? (FT)
• Fact check: Did Biden's government spending cause inflation? (Politifact)
• Governments Tighten Grip on Global Food Stocks, Sending Prices Higher (NYT)
• Russia's war in Ukraine threatens to hurt billions, UN warns, as food and energy prices soar (CNBC)
• Staffing shortages in America are a glimpse into its future (The Economist)

Immigration and the Labor Market

• Title 42, the Trump-era border policy dividing Democrats, explained (Vox)
• The Effect of Low-Skilled Labor Migration on the Host Economy (Carnegie Endowment)
• Here’s how the worker shortage is contributing to sky-high inflation (Fortune)
• Staffing shortages in America are a glimpse into its future (Economist)

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Chapters

1. Intro - Eurovision - IPE in Romance (00:00:00)

2. China and OPEC+ (00:08:20)

3. What is causing inflation in the US? (00:13:07)

4. Why immigration can bring down inflation. (00:35:47)