Authors Glenn Hubbard and Tony O’Brien discuss early thoughts on the Biden Administration’s economic plan. They consider criticisms of the most recent stimulus packages price tag of $1.9B that it may spur inflation in future quarters. They offer thoughts on how this may become the primary legislative initiative of Biden’s first term as it crowds out other potential policy initiatives. Questions are asked about what bounce we may see for the economy and comparisons are made to the Post World War II era. Please listen and share with students!
The following editorials are mentioned in the podcast:
Glenn Hubbard’s Washington Post Editorial with Alan Blinder
Olivier Blanchard’s comments on the Stimulus in a Peterson Institute for International Economics post
Larry Summer’s WaPo editorial about the risks of the stimulus:
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