{"title": "Money Tsunami and Freedoms | Tuomas Malinen | Negotiator 104", "titleOriginal": "Rahatsunami ja vapaudet | Tuomas Malinen | Neuvottelija 104", "episodeNumber": "104", "guest": "Tuomas Malinen", "publishedAt": "2021-10-23", "duration": "36:24", "durationIso": "PT36M24S", "youtube": "https://www.youtube.com/watch?v=mwJAUGJy7NY", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/120-rahatsunami-ja-vapaudet-tuomas-malinen-neuvottelija-104", "originalLanguage": "fi", "format": "full", "topics": ["finnish_economy_policy", "free_speech_society"], "description": "The GnS Economics chief executive Tuomas Malinen builds the episode on three levers whose combination he considers dangerous: growth in the money supply, production bottlenecks, and state control over individual behaviour. On inflation he sets out a mechanism the indicators failed to see — while the service sector was shut its contribution to the consumer price index was zero or negative, at the same time as goods ordered with stimulus cheques were congesting freight markets. He names two historical conditions for hyperinflation. The Federal Reserve's balance sheet doubled from four to eight trillion in two years, and in Malinen's view central banks are now trapped. The second half deals with freedoms and the covid pass, and the host states his own position openly.", "chapters": [], "sourceTranscriptType": "none", "subtitleMethod": "none", "provenance": "Owner page assembled from YouTube metadata and the neuvottelija.fi episode record. No chapter marks are published here: the publisher's list holds only two marks, at 0:00 and 1:01, and it is a split of the show-note text rather than a chapter list, so republishing it would assert timestamps that do not hold. No transcript is published either — the channel has no English caption track for this episode and the Finnish one is YouTube's automatic track. The guest runs a consultancy that sells macroeconomic risk analysis, and the forecasts here are his own and contested; the hyperinflation scenario did not occur, and the page says so rather than leaving the forecast unmarked. The passages on the covid pass and on state control concern a live and disputed policy question with no one holding the opposing view present, and the host states his disagreement in the episode. Recorded 23 October 2021.", "coreTheses": ["The index understated inflation for a mechanical reason: a shuttered service sector contributed nothing to it while goods prices were already moving.", "Doubling a central bank balance sheet in two years is the fact; whether it constitutes a trap is the contested inference.", "The two historical conditions for hyperinflation are named, which makes the claim falsifiable rather than rhetorical.", "The covid pass argument is about precedent rather than efficacy, and the host disagrees on air."], "slug": "ep104-rahatsunami-ja-vapaudet-tuomas-malinen", "guestsCanonical": ["Tuomas Malinen"], "guestPages": ["https://www.neuvottelija.com/podcast/guests/tuomas-malinen/"], "page": "https://www.neuvottelija.com/podcast/episodes/ep104-rahatsunami-ja-vapaudet-tuomas-malinen/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep104-rahatsunami-ja-vapaudet-tuomas-malinen/index.md", "captions": null, "transcript": null, "videoId": "mwJAUGJy7NY", "dbId": null, "qaCoveragePct": 0.0, "qaSemanticVerdict": "metadata_only", "aiArticleEn": "https://www.neuvottelija.com/ai/ep104-rahatsunami-ja-vapaudet-tuomas-malinen/", "aiArticleFi": "https://www.neuvottelija.fi/economy/ep104-rahatsunami-ja-vapaudet-tuomas-malinen/"}