))
George Hall on the Fiscal Consequences of the US War on COVID
Manage episode 495703787 series 3563504
Content provided by David Beckworth and Mercatus Center at George Mason University. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Beckworth and Mercatus Center at George Mason University or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Check out David's Substack: Macroeconomic Policy Nexus for a special 500th episode post!
George Hall is a professor of economics at Brandeis University and formerly worked as an economist at the Chicago Federal Reserve Bank. George returns to the show to discuss the current fiscal status of the US, how the Big Beautiful Bill will impact the fiscal outlook going forward, the history of running deficits in the US, and much more.
Check out the transcript for this week’s episode, now with links.
Recorded on June 24th, 2025
Subscribe to David's Substack: Macroeconomic Policy Nexus
Follow David Beckworth on X: @DavidBeckworth
Follow George on X: @George_J_Hall
Follow the show on X: @Macro_Musings
Check out our Macro Musings merch!
Subscribe to David's new BTS YouTube Channel
Timestamps
00:00:00 - Bumper
00:00:29 - Intro
00:01:55 - Current US Fiscal Status
00:05:45 - What Is Inflation?
00:10:18 - Fiscal Consequences of the US War with COVID
00:23:21 - World War COVID
00:25:05 - Before and After War
00:34:02 - Financing with Inflation
00:38:47 - World War II Period vs. Today
00:38:47 - World War II Period vs. Today
00:44:19 - Who Bears the Fed’s Losses?
00:47:14 - How to Foot the Big, Beautiful Bill
00:52:10 - Outro
509 episodes
Share
