Mercatus Policy Download
Dr. Bruce Yandle's June 2023 Economic Situation Report
Jun 20, 2023
Dr. Bruce Yandle, Distinguished Adjunct Fellow at Mercatus, discusses the rollercoaster economy, subsidies and tariffs, predictions for 2023, and Adam Smith's ambition and interactions with ordinary people.
33:46
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Quick takeaways
- The constant intervention by the government in response to economic shocks has resulted in an economy heavily influenced by monetary and fiscal policy interventions, blurring the line between what is real and artificial.
- The roller coaster nature of the economy, with significant growth followed by deceleration, is evident in the fluctuation of the money supply, particularly in the measure known as M2.
Deep dives
The Impact of Shocks on the Economy
The podcast discusses the series of shocks that have affected the economy, including the 2008 recession, COVID-19, and geopolitical events. These shocks have led to constant and consistent intervention by the government on various levels. The result is an economy that is heavily influenced by monetary and fiscal policy interventions, making it difficult to discern what is real and what is artificial. The podcast also highlights the roller coaster nature of the economy, particularly with regard to the money supply, which has experienced significant growth followed by deceleration.
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