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The Modern Economy Is Rigged With Dean Baker

Lead-Lag Live

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How Did You Get Interested in Economics?

Dean Obeidallah: I'm a senior economist at the Center for Economic and Policy Research. He says people have very little idea of where the budget goes, so they get confused about what's going to be spent on programs like food stamps or TANF. The Federal Reserve has raised interest rates unnecessarily because there was no reason to do it, he says. A low unemployment rate doesn't mean inflation is getting out of control; that story is hugely overplayed, Nouriel Roubini says.

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