PatI#32: Understanding Deficit Funding in the Wake of the COVID Recession
Channel: Nick Wolfinger
Date: 2020-06-16

America just spent an unprecedented two trillion dollars in response to the COVID19 pandemic. Where does that money come from? Amy and Nick talk to University of Utah economist Tom Maloney to better understand deficit funding. Who's Uncle Sam borrowing the money from? Are there consequences to such a dramatic expansion of the federal debt? Should the CARES Act have been larger? Just what is federal debt anyway? What's the 20th century history of deficit spending? Listen, and your fiscal curiosity will be amply rewarded.