13min chapter

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

Biden's New Tax Plan, Algorithmic Pricing, and Noah's Media Diet

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

Navigating Government Deficits and Economic Strategies

This chapter analyzes the concerns surrounding government deficits and borrowing in the US, exploring historical contexts and the impact of low interest rates. It touches on the necessity of austerity measures through spending cuts and tax increases, delving into Biden's tax plan and the allocation of increased spending. The chapter also discusses the evolution of student loans, Biden's student debt cancellation, and the strategy of indirect policy objectives implementation by the Biden administration.

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