Economist Mike Konczal from the Roosevelt Institute sets the record straight on inflation, explaining the causes behind the recent decline in prices. The podcast explores the impact of inflation on American families, controversies surrounding the target inflation rate, and the role of the Federal Reserve. It also discusses stock buybacks, low productivity, hopes for economic recovery, and the need for fiscal policy in controlling the economy.

Skanda Amarnath, head of research at Employ America, and Mike Konczal, director at the Roosevelt Institute and author of "Freedom from the Market," delve into the potential end of the neoliberal consensus. They discuss the surprising willingness for increased fiscal stimulus as a response to economic challenges. The duo critiques the historical underpinnings of neoliberalism, while also exploring how recent shifts in policy are reshaping the economic landscape, emphasizing the importance of aligning fiscal strategy with public needs amidst evolving political dynamics.