The Economics Show
Is this a winning US economy for the Democrats? With Jared Bernstein
Sep 16, 2024
Jared Bernstein, the chair of President Biden’s Council of Economic Advisers, dives deep into the current state of the US economy. He discusses how positive economic indicators clash with public sentiment amid the upcoming elections. Bernstein tackles topics like inflation, the labor market, and ongoing housing issues. The conversation also shifts to innovative policy proposals aimed at economic fairness, including targeted rent controls and a prepayment tax on unrealized capital gains. With humor and insight, he navigates the complexities of the political narrative surrounding economic realities.
26:38
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Quick takeaways
- Despite positive economic indicators, public sentiment remains low due to persistent inflation and a disconnect from actual data.
- The housing crisis is driven by a structural supply shortage and rising interest rates, necessitating effective policy solutions for affordability.
Deep dives
BP's Commitment to Lower Carbon Energy
BP is making significant strides towards integrating lower carbon energy solutions into the UK market, which includes the design of two hydrogen plants. The company is maintaining its operations in oil and gas while simultaneously increasing its investment in lower carbon and transition businesses, growing this investment from about 3% in 2019 to around 23% by 2023. This dual approach reflects BP's strategy of supporting an energy transition while ensuring continued energy supply from traditional sources. Such efforts highlight the importance of evolving energy practices to align with global sustainability goals.
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