Boom Bust Season 2 Episode 59 Galbraith and Palley On Big US Growth Numbers Despite Longer-term Weaknesses

Boom Bust season 2 episode 59 features James Galbraith, Professor of Government at the University of Texas, and Thomas Palley, Senior Economic Policy Advisor at the AFL-CIO. The two experts discuss the recent US GDP growth numbers, which have shown a sudden spike despite underlying weaknesses in the economy. Galbraith and Palley explore why the US economy may be experiencing short-term growth, including factors such as stimulus spending and the reopening of businesses, but address the potential long-term consequences of this growth, including inflation and debt.

Throughout the episode, Galbraith and Palley provide their insights on the current state of the US economy and discuss potential solutions for addressing the longer-term issues. They analyze the role of the Federal Reserve in the current economic climate and discuss the potential impact of President Joe Biden's proposed infrastructure plan.

Additionally, the episode features interviews with other experts in the field, including investment analyst Charles Ortel and economic commentator Richard Wolff. Ortel provides his analysis on the current state of the stock market and offers insights on potential investment opportunities for viewers. Wolff offers his critique of the current capitalist system and highlights the need for structural change in the economy to address underlying issues and promote sustained growth.

Overall, Boom Bust season 2 episode 59 provides viewers with a comprehensive analysis of the US economy and the potential consequences of the recent growth numbers. Galbraith and Palley offer valuable insights on the short-term and long-term factors contributing to the economy, while Ortel and Wolff provide additional perspectives on investment and systemic issues. This episode is a must-watch for anyone interested in gaining a deeper understanding of the current state of the US economy.