Austan Goolsbee on Inflation and Labor Shortage

The video discusses the impact of the Delta variant on inflation, highlighting the temporary nature of current inflation trends due to pandemic-related bottlenecks. It explores labor market challenges, including labor shortages and wage demands, and examines the difficulties faced by small businesses. The discussion also covers policy responses, such as fiscal spending and monetary strategies, and considers the potential inflationary effects of a shift towards green energy.

How does the speaker suggest the Fed should respond to inflation based on past averages?

What challenges do small businesses face in the current economic climate according to the text?

What are the implications of the green energy shift on inflation as discussed in the conversation?