The Producer Price Index (PPI) dropped and it was worse than expected. PPI is the measure of inflation building in the system and economists use it to forecast what consumer inflation will look like three to four months down the road. If these figures are any indication, inflation is about to hit the global economy like a tsunami and no amount of hand wringing and interest rate tweaking at the Federal Reserve is going to slow this train. In this episode, Max explains how this was all predictable based on Trump’s economic plan and the design of Project 2025. He talks about what comes next in best and worst case scenarios before addressing why in the world someone like Russell Vought would engineer such a catastrophic outcome. Because it was so clear from the start that this is where we were headed. Hint: Keep your eye on JD Vance.

Resources

U.S. Bureau of Labor Statistics: Producer Price Indexes

Marketplace: The Fed’s preferred measure of inflation is changing

Council on Foreign Relations: Hunger Warfare and a Fertilizer Crisis Are Straining Global Food Supplies

The New York Times: Behind the Scenes, Vance Gathered Unvarnished Views of the Iran War

Federal Reserve Bank of St. Louis: Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis

Investopedia: Cost-Push vs. Demand-Pull Inflation: Key Differences Explained

Bloomberg Television: US Producer Price Index Rises Most in Three Months on Energy Costs

ProPublica: “We Want the Bureaucrats to Be Traumatically Affected”

UNFTR Resources

Video: Terrible Inflation Report Warns of Economic Tsunami.

Episode: The End of the American Experiment.

Essay: InDeFLATION.

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The Producer Price Index (PPI) dropped and it was worse than expected. PPI is the measure of inflation building in the system and economists use it to forecast what consumer inflation will look like three to four months down the road. If these figures are any indication, inflation is about to hit the global economy like a tsunami and no amount of hand wringing and interest rate tweaking at the Federal Reserve is going to slow this train. In this episode, Max explains how this was all predictable based on Trump&rsquo;s economic plan and the design of Project 2025. He talks about what comes next in best and worst case scenarios before addressing why in the world someone like Russell Vought would engineer such a catastrophic outcome. Because it was so clear from the start that this is where we were headed. Hint: Keep your eye on JD Vance.
Resources
U.S. Bureau of Labor Statistics: <a href="https://www.bls.gov/ppi/">Producer Price Indexes</a>
Marketplace: <a href="https://www.marketplace.org/story/2026/08/20/will-changes-to-pce-methodology-affect-fed-rate-decision">The Fed&rsquo;s preferred measure of inflation is changing</a>
Council on Foreign Relations: <a href="https://www.cfr.org/articles/hunger-warfare-and-a-fertilizer-crisis-are-straining-global-food-supplies">Hunger Warfare and a Fertilizer Crisis Are Straining Global Food Supplies</a>
The New York Times: <a href="https://www.nytimes.com/2026/09/10/us/politics/vance-iran-war-trump-munitions.html">Behind the Scenes, Vance Gathered Unvarnished Views of the Iran War</a>
Federal Reserve Bank of St. Louis: <a href="https://fred.stlouisfed.org/series/dgs2">Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis</a>
Investopedia: <a href="https://www.investopedia.com/articles/05/012005.asp#toc-exploring-demand-pull-inflation-causes-and-dynamics">Cost-Push vs. Demand-Pull Inflation: Key Differences Explained</a>
Bloomberg Television: <a href="https://youtu.be/wzO3CxAFZeo?t=4">US Producer Price Index Rises Most in Three Months on Energy Costs</a>
ProPublica: <a href="https://youtu.be/oBH9TmeJN_M">&ldquo;We Want the Bureaucrats to Be Traumatically Affected&rdquo;</a>
UNFTR Resources
Video: <a href="https://youtu.be/9Cqk5s56gqk">Terrible Inflation Report Warns of Economic Tsunami</a>.
Episode: <a href="https://www.unftr.com/episodes/unftr167">The End of the American Experiment</a>.
Essay: <a href="https://www.unftr.com/blog/indeflation">InDeFLATION</a>.
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Become a member at <a href="https://www.unftr.com/memberships">unftr.com/memberships</a>.
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Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list, and find book recommendations from our Unf*ckers at <a href="https://bookshop.org/lists/unf-cker-book-recommendations">bookshop.org/lists/unf-cker-book-recommendations</a>.
Access the UNFTR Musicless feed by following the instructions at <a href="https://www.unftr.com/accessibility">unftr.com/accessibility</a>

Unf*cking The Republic® (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.

Unf*cking The Republic&reg; (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.