Rethinking the entire economic paradigm of any country would be almost impossibly difficult. Try to do it in the midst of a dual recession and pandemic, and you’re facing unbeatable odds.
But the truth of the matter is that we’re inching closer to thinking the deficit actually doesn’t matter each day here in the U.S., especially after Congress passed enormous stimulus to keep Americans afloat with alarmingly few chirps of “who pays for it.”
Last episode, we learned about the effort to debunk the deficit myth. This time around, we’re talking about how realistic or unrealistic that mindset shift really is with Kai Ryssdal, famed radio journalist and host of Marketplace and Make Me Smart.
Listen if you want an honest conversation about inflation, a jobs guarantee, monetary vs. fiscal policy, wealth inequality...and how only some economic indicators matter in a year as unprecedented as this one.