Oil, Deflation and the Central Banks: David Goldman

The transcript discusses the aftermath of CDO blowups and their impact on the US economy, particularly in relation to employment and oil trade. It critiques the effectiveness of monetary policy post-crisis, questioning the reliance on central banks like the Federal Reserve. The discussion shifts to fiscal policy, highlighting missed opportunities for deficit reduction and infrastructure investment, and speculates on future fiscal shifts to alleviate pressure on monetary policy.

How might a shift in fiscal policy affect Janet Yellen's role?

What does the term 'barbell' refer to in the context of fiscal policy?