Is the economy slowing down and what has been the role of government? Recently EconTalk host Russ Roberts and I discussed these questions and our conversation was made available today as a podcast at the Library of Economics and Liberty.
Like many economists, I am concerned about the slowdown in the economy which prolongs the high unemployment rate. I think uncertainty about the growing federal debt and the increased government interventions—from health care to financial markets—is the cause of the slowdown. In my view the best stimulus right now would be a clear and credible plan to reduce the deficit and bring down the growing debt.