20 trillion dollars of government stimulus in countries around the world. Interest rates so low there is no incentive to save. And more than half a billion vaccinated consumers ready to pull out their wallets and kick off the Roaring 20s of the 21st century. Some experts believe that a surge of inflation, such as we haven’t seen since the 1970s, is now in the cards. Inflation bulls argue that the post pandemic recovery is just one of many trends converging to create rising prices for years to come. They argue that demographics and in particular an aging population that shrinks the labour force and dramatically increases health costs are accelerants for long term inflation. Skeptics argue that post pandemic recoveries typically drive prices down, not up: the mindset after experiencing a plague is to pay down debt not spend more. While the government may be printing money at a record pace, the rapid technological change brought on by COVID will ramp up automation of workforces driving wages down. And with interest rates on safer investments like bonds suppressed by central banks, aging populations will spend less, suppressing consumer demand. The spectre of a long term rise in inflation is just that, a fiction of our imaginations.

Arguing for the motion is Manoj Pradhan, Founder of Talking Heads Macroeconomics based in London, England. He is also the co-author of The Great Demographic Reversal: Ageing Societies, Waning Inequality, Inflation Revival.

Arguing against the motion is David Rosenberg, President of Rosenberg Research in Toronto, Canada. David was previously chief North American economist at Merrill Lynch.

Sources: WTVR CBS6, CNBC, Yale School of Management, Yahoo Finance

The host of the Munk Debates is Rudyard Griffiths - @rudyardg.  

Tweet your comments about this episode to @munkdebate or comment on our Facebook page https://www.facebook.com/munkdebates/

To sign up for a weekly email reminder for this podcast, send an email to podcast@munkdebates.com.

To support civil and substantive debate on the big questions of the day, consider becoming a Munk Member at https://munkdebates.com/membership

Members receive access to our 10+ year library of great debates in HD video, a free Munk Debates book, newsletter and ticketing privileges at our live events.

This podcast is a project of the Munk Debates, a Canadian charitable organization dedicated to fostering civil and substantive public dialogue - https://munkdebates.com/

The Munk Debates podcast is produced by Antica, Canada’s largest private audio production company - https://www.anticaproductions.com/

 

Executive Producer: Stuart Coxe, CEO Antica Productions

Senior Producer: Christina Campbell

Editor: Kieran Lynch

Associate Producer: Abhi Raheja

20 trillion dollars of government stimulus in countries around the world. Interest rates so low there is no incentive to save. And more than half a billion vaccinated consumers ready to pull out their wallets and kick off the Roaring 20s of the 21st century. Some experts believe that a surge of inflation, such as we haven&rsquo;t seen since the 1970s, is now in the cards. Inflation bulls argue that the post pandemic recovery is just one of many trends converging to create rising prices for years to come. They argue that demographics and in particular an aging population that shrinks the labour force and dramatically increases health costs are accelerants for long term inflation. Skeptics argue that post pandemic recoveries typically drive prices down, not up: the mindset after experiencing a plague is to pay down debt not spend more. While the government may be printing money at a record pace, the rapid technological change brought on by COVID will ramp up automation of workforces driving wages down. And with interest rates on safer investments like bonds suppressed by central banks, aging populations will spend less, suppressing consumer demand. The spectre of a long term rise in inflation is just that, a fiction of&nbsp;our imaginations.
Arguing for the motion is Manoj Pradhan, Founder of Talking Heads Macroeconomics based in London, England. He is also the co-author of The Great Demographic Reversal: Ageing Societies, Waning Inequality, Inflation Revival.
Arguing against the motion is David Rosenberg, President of Rosenberg Research in Toronto, Canada. David was previously chief North American economist at Merrill Lynch.
Sources: WTVR CBS6, CNBC, Yale School of Management, Yahoo Finance
The host of the Munk Debates is Rudyard Griffiths -&nbsp;<a href="https://twitter.com/rudyardg">@rudyardg</a>. &nbsp;
Tweet your comments about this episode to&nbsp;<a href="about:blank">@munkdebate</a>&nbsp;or comment on our Facebook page&nbsp;<a href="https://www.facebook.com/munkdebates/">https://www.facebook.com/munkdebates/</a>
To sign up for a weekly email reminder for this podcast, send an email to&nbsp;<a href="mailto:podcast@munkdebates.com">podcast@munkdebates.com</a>.
To support civil and substantive debate on the big questions of the day, consider becoming a Munk Member at&nbsp;<a href="https://munkdebates.com/membership">https://munkdebates.com/membership</a>
Members receive access to our 10+ year library of great debates in HD video, a free Munk Debates book, newsletter and ticketing privileges at our live events.
This podcast is a project of the Munk Debates, a Canadian charitable organization dedicated to fostering civil and substantive public dialogue -&nbsp;<a href="https://munkdebates.com/">https://munkdebates.com/</a>
The Munk Debates podcast is produced by Antica, Canada&rsquo;s largest private audio production company -&nbsp;<a href="https://www.anticaproductions.com/">https://www.anticaproductions.com/</a>
&nbsp;
Executive Producer: Stuart Coxe, CEO Antica Productions
Senior Producer: Christina Campbell
Editor: Kieran Lynch
Associate Producer: Abhi Raheja

The Munk Debates podcast is an extension of the main stage events - in subject, speaker selection, tone and format. It will introduce the iconic brand - and its engaging debates about significant issues of our time. Audiences will hear strong and passionate arguments from both sides of an issue so they will have enough information to make up their own minds about where they stand.

The Munk Debates podcast is an extension of the main stage events - in subject, speaker selection, tone and format. It will introduce the iconic brand - and its engaging debates about significant issues of our time. Audiences will hear strong and passionate arguments from both sides of an issue so they will have enough information to make up their own minds about where they stand.

The Munk Debates Podcast

The Munk Debates Podcast is dedicated to convening civil and substantive debates and dialogues on the big issues of the day. Each debate features two compelling thinkers debating a topic driving the public conversation. Each dialogue features world-renowned thinkers offering unique insight into the issues affecting us most. The podcast is an extension of the charitable Munk Debates' commitment to pushing back against the political polarization and restoring the art of public debate in our time. For more information about the Munk Debates visit www.munkdebates.com/podcast

The Munk Debates Podcast is dedicated to convening civil and substantive debates and dialogues on the big issues of the day. Each debate features two compelling thinkers debating a topic driving the public conversation. Each dialogue features world-renowned thinkers offering unique insight into the issues affecting us most. The podcast is an extension of the charitable Munk Debates' commitment to pushing back against the political polarization and restoring the art of public debate in our time. For more information about the Munk Debates visit www.munkdebates.com/podcast

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