The Fragile State of the US Economy
Although the economy hasn’t quite gotten back to where it was prior to the pandemic, it has rebounded pretty nicely. However, when you peel back enough layers of the onion and look under enough rocks, you get the impression it might be getting exhausted. Continued restrictions and partial lockdowns to stem the spread of the virus are inhibiting the free functioning of the economy. This is a problem now that a lot of the initial relief money is gone. So much so, Fed Chairman Powell has used the word ‘tragic’ to describe what could happen to the US economy if fiscal policy doesn’t change, and soon. Is it really that bad? John and Sam hash it out in today’s podcast.
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