24min chapter

"Econ 102" with Noah Smith and Erik Torenberg cover image

Fixing the US Economy: the Debt, Inequality, Biden/Trump Economic Predictions

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

Debate on Deficit Spending and Future Economic Policies

The chapter delves into the effectiveness of deficit spending for economic recovery, discussing past instances like the Obama stimulus and current policies such as the CARES Act and American Rescue Plan. It explores debates on austerity measures and political influences on government spending, comparing strategies for reducing deficits through taxation, spending cuts, and inflation management. The chapter also speculates on potential economic outcomes based on the fiscal policies of possible future administrations led by Trump or Biden.

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