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Are Massive Federal Deficits Now Inevitable?
Aug 3, 2022
09:55
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Episode notes
1
Introduction
00:00 • 2min
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2
The Shift of Fiscal Norms in the Late 19th Century
02:15 • 3min
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3
The Modern Budget Era Problem Is Tiered to the Formal Legislative Baking in of Required Future Spending Increases
05:30 • 2min
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4
The Path Forward Starts With Owning and Being Accountable
07:09 • 3min
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In the "modern budget era," we have federal spending increases baked into the cake. Economist Ed Lopez says that makes massive overspending in good times and bad extremely hard to avoid.
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