"Econ 102" with Noah Smith and Erik Torenberg cover image

Biden's New Tax Plan, Algorithmic Pricing, and Noah's Media Diet

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

Understanding the Fiscal Deficit

Many people, including the intellectual classes, fail to grasp the significance of the fiscal deficit. The concern is that the United States government is currently borrowing money at a faster rate relative to its economy than it ever has, except in times of war, depression, or natural disaster. This borrowing trend is occurring even during a period when the economy is thriving, which raises concerns about the potential consequences of such high borrowing levels.

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