38 - The Economy Explained (Finally!) with MIT Economist Daron Acemoglu

10/09/2020 33 min Episodio 38
38 - The Economy Explained (Finally!) with MIT Economist Daron Acemoglu

Listen "38 - The Economy Explained (Finally!) with MIT Economist Daron Acemoglu"

Episode Synopsis

The episode begins with a brief and understandable explanation of what the economy is and why it matters. Historian Ed Larson explains how past events have effected the economy and why debt is necessary. Daron Acemoglu talks about balancing lives and prioritizing the economy. Jane Albrecht wonders how fast the economy will bounce back and will it be equitable. The panel discusses how the US stacks up against other countries in dealing with the economic impact of the pandemic. Why the stock market isn't necessarily an accurate reflection of the economy. TIMESTAMPS: 2:20 - What makes up the US economy 3:30 - How does the economy affect individuals 7:00 - The balancing act of lives versus the economy 11:30 - A future look of the economy after the pandemic 15:00 - The stimulus and the economy 17:00 - The history of the National Debt 18:00 - Does the National Debt matter? 24:50 - Does the stock market reflect the health of the economy Learn More: Politics: Meet Me in the Middle Follow Us on Twitter: @politicsMMITM -------------------------- Hosted by: Bill Curtis, Ed Larson and Jane Albrecht Produced and Edited by: Mike Thomas Sound Engineering by: Michael Kennedy Theme Music by: Celleste & Eric Dick A CurtCo Media ProductionSee omnystudio.com/listener for privacy information.