Macro N Cheese

** Be sure to check out the transcript for each episode of this podcast on our website, where you will also find an “Extras” page with links to related resources. https://realprogressives.org/macro-n-cheese-podcast/ (realprogressives.org/macro-n-cheese-podcast) ** Robert Hockett drops into the Macro N Cheese clubhouse to talk to Steve about the usual stuff: inflation, monopoly capitalism, the massive scale of global inequality, and the climate crisis barreling down on us at an ever-faster speed. It is our ninth episode with Bob, this one spurred by his recent article, the alliterative “Prices, Preclusive Purchases, and Production: Some Forgotten Solutions to Forgotten Inflation Problems” (Forbes, 13 May 2022), which diagnoses the current inflation as three supply side dysfunctions – short, medium, and long term. Folks like Larry Summers focus on labor costs, in hopes of encouraging a further clampdown on labor, while executives are boasting record profits and chortling about marking up prices under cover of