Navigating Economic Challenges: Inflation, Policy Shifts, and Global Trade

Explore the complexities of the US economic landscape as rising inflation and GDP growth present challenges for the incoming Trump administration. Delve into Joseph Stiglitz's critique of neoliberal economics and its impact on American politics. Understand the implications of Illinois's new interchange law on card payment economics, and examine the potential global repercussions of Trump's proposed tariff policies. This episode offers a comprehensive analysis of the economic forces shaping national and global dynamics, providing listeners with insights into the intersection of fiscal policy, consumer behavior, and international trade.

Sources:
https://www.semafor.com/article/11/27/2024/us-economic-growth-outlook-complicated-by-rising-inflation
https://www.theguardian.com/business/2024/nov/28/the-message-to-democrats-is-clear-you-must-dump-neoliberal-economics
https://www.digitaltransactions.net/illinoiss-interchange-law-will-distort-card-payment-economics-a-report-says/
https://www.aei.org/economics/america-is-not-an-economic-island/

Outline:
(00:00:00) Introduction
(00:00:41) US economic growth outlook complicated by rising inflation, new data suggests
(00:03:35) The message to Democrats is clear: you must dump neoliberal economics
(00:06:57) Illinois’s Interchange Law Will Distort Card Payment Economics, a Report Says
(00:09:46) America Is Not an Economic Island