4min chapter

The New Liberal Podcast cover image

Who Controls our Technology? ft. Daron Acemoğlu & Simon Johnson

The New Liberal Podcast

CHAPTER

The Effects of COVID on the Economy

The Federal Reserve is working very hard right now to slow the economy down. It means pushing up the effective unemployment rate or the underutilization of labor at the lower end of the income distribution. So I am not sure, Jeremiah, that we've really passed the stage of saying, "Oh, we've changed macro policy and we're going to get a better set of distributional outcomes"

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