Each week The Intercept’s Washington, D.C. bureau brings you one important or overlooked story from the political world. Bureau Chief Ryan Grim and a rotating cast of journalists, politicians, academics and historians tell you what the rest of the media are missing. Hosted on Acast. See acast.com/privacy for more information.
https://theintercept.com/deconstructed/
episode 9: Are Prices "Engines of Chaos"?
In standard economic theory, prices are simply expressions of information about the scarcity of (and demand for) goods. But in his new book “Price Wars: How the Commodities Markets Made Our Chaotic World,” writer and filmmaker Rupert Russell argues that the modern era of algorithm-driven speculation has normalized unpredictable price swings in commodity markets and turned prices into “engines of chaos.” Russell joins Ryan Grim to discuss.
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Hosted on Acast. See acast.com/privacy for more information.