A New Economic Mindset Emerges From the Pandemic

The video discusses the global shift from austerity to fiscal expansion due to COVID-19, highlighting changes in economic policies worldwide, including the US. It covers the Biden administration's approach, focusing on higher taxes for the rich and increased spending for the poor. The video also addresses inflation concerns and debates among economists about its temporary nature. Finally, it reflects on lessons learned from past economic policies and the need for managing future growth.

What fiscal measures did President Biden's team propose to support the economy?

What lessons have been learned about managing economic downturns according to economists?