For decades, the dominant economic philosophy of the United States has been that fiscal policy should be relatively inert, and that the Fed should be the primary driver of macroeconomic stabilization. But that may be changing. As evidenced by the stimulus deal, the political willingness to use fiscal stimulus in a responsive way appears to be growing. Moreover, the importance and power of fiscal firepower has been accepted by a range of actors, from Senator Bernie Sanders to the U.S. Chamber of Commerce. So are we at the start of a trend break in the neoliberal consensus (whatever that means)? We debated this question with Skanda Amarnath, the head of research at Employ America and Mike Konczal, Director at the Roosevelt Institute and the author of the new book "Freedom from the Market America’s Fight to Liberate Itself from the Grip of the Invisible Hand."

For decades, the dominant economic philosophy of the United States has been that fiscal policy should be relatively inert, and that the Fed should be the primary driver of macroeconomic stabilization. But that may be changing. As evidenced by the stimulus deal, the political willingness to use fiscal stimulus in a responsive way appears to be growing. Moreover, the importance and power of fiscal firepower has been accepted by a range of actors, from Senator Bernie Sanders to the U.S. Chamber of Commerce. So are we at the start of a trend break in the neoliberal consensus (whatever that means)? We debated this question with Skanda Amarnath, the head of research at Employ America and Mike Konczal, Director at the Roosevelt Institute and the author of the new book "Freedom from the Market America’s Fight to Liberate Itself from the Grip of the Invisible Hand."

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

Did We Just Experience a Break in the Neoliberal Consensus?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bb22a3fa-fea2-4bb5-badd-ae270044e462/transcript

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