There are some economic ideas out there that have been floating around for so long that they have almost become principles. The relationship between employment rates and inflation; the blanket benefits of globalization; budget deficits vs private investment. Many economists - maybe most economists - have fixed ideas about these concepts; they speak of them as truths, and to challenge them is seen as folly. But that doesn't make those economists - or those ideas - right. Jared Berstein joins The Indicator today to challenge some of these perceptions and set us straight about how they fit into today's fast-changing economy.
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