An in-depth discussion on the economic response to the COVID-19 pandemic, the impact of the American Rescue Plan, and the broader successes and challenges of the Biden administration's economic policies. Together, they analyze the trade-offs between inflation and full employment, the underappreciated gains for low-wage workers, and the resurgence of U.S. manufacturing through targeted industrial policy. The conversation also explores the complexities of economic messaging, the realities of supply chain shocks, and the ongoing debate over tariffs and industrial strategy.
Mentioned during this episode:
Dean Baker and Jared Bernstein Wall Street Journal Article
Recorded: March 26, 2025
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