Ahmed Dawoud

Inflation is an economic bogeyman that haunted the world as the pandemic subsided, revealing the dire consequences of the war in Ukraine. Inflation is a highly complex beast, and the dreaded hyperinflation from history lingered in people’s memories like a ghost.

“We are genetically programmed to remember negative consequences,” said Ahmed Dawoud, the renowned economist who joined us to break it all down. “Is it here to stay? How to stop the prices of food and fuel from spiraling out of control? These are the questions we grapple with, but there are certain things governments can’t do that much about.

Inflation is a plutocratic statistic, affecting the rich less and the common folks more, and it all goes back to basic survival. Two different effects are coming together to create high inflation. During the pandemic, savings piled up, and as soon as the restrictions are lifted, people are eager to spend, driving up demand for goods and services. Still, there is enough of this lingering effect that is adding to inflation, a reminder that this economic boogeyman remains a challenge we must confront.

The most important phrases mentioned in the video

1. Inflation is an economic boogeyman
2. As the pandemic subsided
3. The horrendous consequences of the war in Ukraine
4. Inflation is a highly complex beast
5. The dreaded hyperinflation مخيف / لعين
6. We are genetically programmed to remember negative consequences
7. Is it here to stay?
8. How to stop the prices of food and fuel from spiraling out of control? خارج عن نطاق السيطرة
9. Ahmed Dawoud joins us to break it all down
11. Inflation is a plutocratic statisticالأثرياء:
12. Goes back to basic survival
13. Two different effects are coming together to create high inflation
14. During pandemic savings piled up
15. As soon as the restrictions are lifted,
16. Still, there is enough of this lingering effect that is adding to inflation:
17. lingering effect: There is some previous factor or condition that is continuing to influence and contribute to rising prices or inflation in the present. For example, if someone experiences a traumatic event, they may suffer from lingering psychological effects, such as anxiety or flashbacks, long after the event has occurred. Conversely, a positive experience, such as a good education, can have lingering effects on a person’s career and overall life satisfaction.
18. Dire consequences
19. There are certain things governments can’t do that much about