It’s fair to say that the U.S. economy – along with that of the rest of the world – is on shaky ground at the moment. John and Carol sit down for a Steel on Steel economic summit today to make sense of what’s going on. They play clips of economists and do their own analysis, making a dry topic easy to understand and interesting. They look at the difference between monetary policy and fiscal policy and how for the first time in history, fiscal policy is winning out. All the safety measures and accountability have been removed from the economy and the whole thing is being held together by confidence. Once the confidence erodes, the whole system collapses. How long can we keep playing this game?
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