With inflation soaring and the central bank raising interest rates, many are wondering about the relationship between unemployment and inflation. I explain the original Phillips curve and how it was debunked in the 70's. Finally, I explain what...

Over the past few decades wage growth has been very slow. I explain why this is an issue given how inflation is soaring. I give two potential explanations: decentralised labour markets (enterprise bargaining) and slow productivity growth. ...

The inflation reduction act was recently signed. But behind the confusing name and the range of different policies included, it can be difficult to figure out exactly what the impact of this bill will be. I give a simplified explanation of what...

With inflation so high, many are drawing comparisons to the huge inflation we saw in the 1970's. In this video I explain what led up to the "great inflation" of the 1970s as well as what makes the situation back then different from today. ...

With construction costs going through the roof, many want to believe that they will go down soon. In this video I discuss the inflationary pressures driving costs up in the construction industry from labour shortages to shipping delays. Finally...