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Author Kyla Scanlon discusses economic challenges in 'In This Economy?' podcast. Topics include U.S. housing crisis, wealth inequality, political polarization, origin of money, and MMT theory. Scanlon explores elder care costs, consumer spending trends, and dispels economic misconceptions.
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Quick takeaways
- Clear economic education is crucial to bridge the gap in understanding terms like inflation and labor markets.
- The Federal Reserve faces challenges in managing economic dynamics and adapting tools to address issues like inflation.
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Kyla Scanlon's Motivation for Writing the Book
Kyla Scanlon wrote the book 'In This Economy: How Money and Markets Really Work' to bridge the gap in economic education she observed while working at Capital Group. Her experience highlighted a lack of clear explanations about the economy, leading her to focus on educating people about terms like inflation and labor markets to provide a foundational understanding of economic concepts.
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