Episode The Economy Explained (Finally!) with MIT Economist Daron Acemoglu

MIT Economist Daron Acemoglu explains what the US economy is and what it is not.

The episode begins with a brief and understandable explanation of what the economy is and why it matters. Historian Ed Larson explains how past events have effected the economy and why debt is necessary. Daron Acemoglu talks about balancing lives and prioritizing the economy. Jane Albrecht wonders how fast the economy will bounce back and will it be equitable. The panel discusses how the US stacks up against other countries in dealing with the economic impact of the pandemic. Why the stock market isn't necessarily an accurate reflection of the economy.

 

TIMESTAMPS:

2:20 - What makes up the US economy

3:30 - How does the economy affect individuals

7:00 - The balancing act of lives versus the economy

11:30 - A future look of the economy after the pandemic

15:00 - The stimulus and the economy

17:00 - The history of the National Debt

18:00 - Does the National Debt matter?

24:50 - Does the stock market reflect the health of the economy

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Follow Us on Twitter: @politicsMMITM

Hosted by: Bill Curtis, Ed Larson and Jane Albrecht

Guest: MIT Economist, Daron Acemoglu

Produced & edited by: Mike Thomas

Sound Engineering by: Michael Kennedy

Theme Music by: Celleste & Eric Dick

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