Are Prices "Engines of Chaos"? - a podcast by The Intercept

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.

https://join.theintercept.com/donate/now

---

Hosted on Acast. See acast.com/privacy for more information.

Further episodes of Deconstructed

Further podcasts by The Intercept

Website of The Intercept