Inflation: Last Week Tonight with John Oliver (HBO)

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Published 2022-07-24
John Oliver discusses what causes inflation, what we’ve done about the current round of it, and, of course, makes the smartest investment of all time.

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All Comments (21)
  • Norm Rayos
    Somebody, somewhere, who a year ago was doing their insane job creating giant size frog statues just got the payoff of the century tonight.
  • Tyler
    Can't begin to describe how frustrating it is to have seen wages stagnate over the past 40 years, cost of living continue to rise, and then when a big inflationary events happens, to watch any amount of it being blamed on rising wages.

    Like I get that, technically, rising wages could contribute to inflation, but it's hardly the fault of folks demanding more for what they're contributing.

    I just worry that we're gonna miss the forest for the trees, and fail (again) to place the blame at the fault of an economic system that relies on coercion to meet the demands of it's labor requirements.
  • TurboWaitress
    The HBO Accounting Department must live for this show and their itemized budget requests. “You want to buy a WHAT!? Three of them!? For one segment!?”
  • LA Enck
    Little disappointed how they didn’t touch on insane wealth concentration has contributed to inflation. real estate speculation drove up housing prices, investors now speculating on farmland is driving food prices, and the federal government issued the largest COLA in recent history and our oligarch overlords responded with a concerted price adjustment to commodities and consumer goods but I’m sure none of those things are connected to inflation.
  • As a grocery store employee , I love being yelled at and blamed personally for prices, one lady went on a massive rant on how I was evil and how we should all be ashamed for robbing everyone, me and my broke minimum wage self just nodded and smiled knowing I can no longer even afford to do groceries as regularly or even get half of what I needed.
  • Red Inverse
    ive been working at a walmart since almost the beginning of the pandemic and ive watched prices slowly rise over time, alot of our products cost 20 to 50% more than they used to and it bothers me that the cheap stuff i used to buy i now have to think twice about because theyre not cheap anymore, i can only imagine how hard it could be for someone whos struggling to support themselves
  • Even if the inflation print read 4% next month, that doesn’t mean the price of goods and services comes down in a meaningful way. It just means the price appreciation of those goods and services slows down but, directionally, keep rising. In order for real prices to come down, we would need to be in a deflationary environment for a meaningful period of time. The last time that happened was 2008-2009. And we all know what happened there after.
  • Reluctant Hero
    America is currently plagued by the hydra-headed evvil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.
  • Chris Albert
    The tragedy is that you can tell people everything they need to know about issues, and they'd still stick to their preferred "answer". The internet and social media has not made people any more connected or enlightened.
  • Kayla Wood
    Dropping oil prices is not "good," because it means people are pricing in a likely recession...
  • K Drongo
    Fun fact, I used to build retail websites, most of those "3 left in stock" messages are fake. They use them to create a false sense of urgency.
  • JB
    Why is no one talking about quantitative easing/tightening? That is probably the biggest thing causing inflation. The Fed has printed trillions of dollars in money and distributed those to banks, with near zero interest rates. Basically, handing out piles of free cash to banks, who give to consumers and corporations, who then go and purchase houses and goods and that then circulates in the economy.
  • BMO isgood
    I work at a gas station, can confirm half of my customers hate me for the gas prices. When the pandemic was in full swing and we couldn’t cash customers out without them wearing a mask….. woof. I did not get payed enough for that shit.
  • Vic the General
    Its hard to believe there's any sort of supply issue when you see corporations dumping unpurchased food and destroying things like laptops just to drive up scarcity. If the government wanted to curb inflation it would tax corporations according to waste, sell the food and goods cheap or donate them otherwise pay up.
  • SnekChrmr
    I love how the comment section in this video turned into exactly what John predicted. A bunch of people blaming the one thing they already hated for all of inflation, even after he explained how tons of other factors were involved.
  • ZhangtheGreat
    The more I watch this show, the more I'm convinced that it's nothing more than an excuse for John to purchase weird shit he'd otherwise never be able to 😅
  • Lara Jernegan
    As someone with a masters degree in finance, I think this is the most complete analysis I have seen. Everyone else is just pointing fingers. Good job!
  • jess jaffe
    “Large flightless bird that’s a bitch” made me laugh out loud. After chemo. Bless you!
  • Shane Seglin
    I think a lot of this is to blame on algorithms and AI. I’ve noticed the cheapest foods are sometimes more expensive than name brand or organic!

    People loved the brand because it was cheap, not because it was better.

    Computers and AI don’t see the human connection. The computer only sees it sells more, so it must be more desirable, so increase the price.

    Problem is that it was only desirable because it was cheap. Now the cheap stuff is more expensive than name brand 🤦‍♂️

    When I was 23 I worked at a Best Buy. I offloaded the trucks.

    We had a hurricane warning.

    We sold out of every battery backup unit and batteries in a day. Everyone was hunkering down for the apocalypse.

    The storm missed us, as usual.

    A week later I was expecting to offload a usual 2,000 piece truck, but it was a 9,000 piece truck!

    The damn AI didn’t realize hurricanes were super rare in our area, and just assumed hurricanes were the new normal, and it ordered a decades worth of battery backup units.

    We got so creative shoving the AI ordered batteries into different places. Some are probably there to this day.