
Sign up to save your podcasts
Or
Now that the Biden $1.9T (actually $1.8T) fiscal stimulus has passed, mainstream economists and media are pumping up the rhetoric it will soon lead to excess inflation and rising interest rates that will endanger the economic recovery. Rasmus debunks the notion that deficits and debt—or ‘too much money chasing too few goods’ cause inflation, as well as related ideological notions of mainstream economics. What has been the actually deficits in 2020-2021 due to the three bouts of economic fiscal stimulus during the pandemic (March, December, and now March again)? What have been the actual causes of the deficits (besides the fiscal stimulus)? What’s the likelihood of inflation in 2021 and beyond and its real causes apart from deficit spending? What are financial markets reacting now so negatively driving up long term Treasury interest rates? And what instability might that lead to?
4.8
2525 ratings
Now that the Biden $1.9T (actually $1.8T) fiscal stimulus has passed, mainstream economists and media are pumping up the rhetoric it will soon lead to excess inflation and rising interest rates that will endanger the economic recovery. Rasmus debunks the notion that deficits and debt—or ‘too much money chasing too few goods’ cause inflation, as well as related ideological notions of mainstream economics. What has been the actually deficits in 2020-2021 due to the three bouts of economic fiscal stimulus during the pandemic (March, December, and now March again)? What have been the actual causes of the deficits (besides the fiscal stimulus)? What’s the likelihood of inflation in 2021 and beyond and its real causes apart from deficit spending? What are financial markets reacting now so negatively driving up long term Treasury interest rates? And what instability might that lead to?
480 Listeners
5,663 Listeners
493 Listeners
259 Listeners
1,297 Listeners
1,399 Listeners
1,170 Listeners
486 Listeners
1,465 Listeners
1,947 Listeners
1,482 Listeners
116 Listeners
282 Listeners
267 Listeners
221 Listeners