Boom Bust Season 2 Episode 58 How's the US Economy Doing? With Tim Duy and Dean Baker

How's the US Economy Doing? With Tim Duy and Dean Baker explores the current state of the US economy and analyzes its future prospects. The episode begins with an overview of recent economic data, including GDP and job growth numbers. Hosts Brent Jabbour and Christy Ai delve deeper into the data with guests Tim Duy, a professor of practice in the Department of Economics at the University of Oregon, and Dean Baker, senior economist at the Center for Economic and Policy Research.

Duy provides insight into the current state of monetary policy, discussing how the Federal Reserve's recent interest rate hike will impact the economy. He also argues that the current low unemployment rate is not necessarily an indicator of a strong economy, as wage growth has yet to pick up and many workers are still underemployed.

Baker offers a more critical perspective, arguing that the US economy is not as strong as it appears. He points to rising income inequality and the growing number of people living below the poverty line as evidence that the benefits of economic growth are not being distributed evenly. Baker also discusses the need for policies to address climate change, arguing that failure to take action will have devastating economic consequences in the future.

Throughout the episode, the hosts and guests also discuss a number of other important economic topics, including trade policy, the role of automation in job loss, and the impact of recent tax cuts on the economy. They offer a variety of perspectives, with Duy providing a more traditional economic analysis and Baker offering a more progressive perspective.

Overall, How's the US Economy Doing? With Tim Duy and Dean Baker is a thought-provoking exploration of the US economy and its future prospects. The episode is sure to provide valuable insights for anyone interested in understanding the current state of the US economy and its potential trajectory in the coming years.