4min chapter

New Economics Podcast cover image

Is austerity back?

New Economics Podcast

CHAPTER

Is This Han Austerity Budget Going to Have Those Tones?

Biden has been thinking about both how we respond, i guess, and what they should be doing differently. He's implemented a massive fiscal financial stimulus that he's just about managed to get through. If yo start investing and spending on these things, then we will boost the supply side of our economy. Will start building things. We'll build energy infor structure, and then we might not be so left exposed to energy crises in the future. And if we can produce more things and build up that supply, then that will help alleviate some of the inflactionry pressure.

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