Shepherdson: Lessons Learned on Fiscal Policy, Austerity

The video discusses the importance of the upcoming jobs report, highlighting expectations for wage growth and its implications for interest rates. It analyzes the current state of economic growth, noting a potential rebound due to changes in capital spending and consumer numbers. The role of fiscal policy and central banks is explored, emphasizing the need for government spending to spur growth. The video concludes with a discussion on the shift from austerity to more aggressive fiscal policies, recognizing the limitations of monetary policy alone in achieving desired economic growth.

What changes in government spending does the speaker anticipate after the election?

What does the speaker suggest about the relationship between austerity and economic growth?