Gallo: Tax Cuts the Wrong Kind of U.S. Fiscal Policy

The transcript discusses fiscal policy, highlighting concerns about deficit increases due to tax cuts for the wealthy. It contrasts monetary and fiscal policies, noting the rise in inequality and the need for infrastructure spending to boost the real economy. The discussion also covers the challenges of implementing effective fiscal policy, the role of public and private investment, and the impact of US fiscal policy under Trump, emphasizing the shift from monetary dominance to fiscal strategies in a populist era.

What are the potential consequences of cutting taxes on the wealthy according to the text?

How does Professor Krugman suggest fiscal policy can address inequality?

What is the significance of infrastructure spending in fiscal policy as mentioned in the text?

What challenges did the younger plan face according to the discussion?

In what way has Trump's presidency influenced business investment in the US?