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Jason Furman on Inflation and Policymaking

Oct 21, 2023
Jason Furman, a Harvard economics professor and former chair of Obama's Council of Economic Advisors, joins TikTok influencer Kyla Scallon to discuss pressing economic issues. They explore the intricacies of inflation and how the flawed policymaking process demands urgent reforms. The conversation touches on everything from skepticism of cryptocurrencies to the challenges of the evolving labor market due to AI. They even humorously consider how Homer Simpson might approach the saga of Sam Bankman-Fried. Plus, a candid critique of Goodreads adds a quirky twist!
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INSIGHT

Unlikely Coalition Government

  • Moderate policies rarely pass due to lack of a coalition government.
  • Short-term compromises occur, but not as a central governing principle.
INSIGHT

Partisan Gridlock

  • Even popular policies struggle due to partisan politics. Differences of opinion hinder progress, even with widespread agreement.
INSIGHT

Unsustainable Deficit

  • The US deficit is unsustainable due to rising rates and government debt. Financial maneuvering may be needed to address the stalemate.
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