Economist Greene Says Tax Plan Probably Won't Move GDP

The video discusses the potential impact of tax cuts on the US economy, highlighting that they are unlikely to significantly boost potential GDP growth without substantial investment incentives. Economists generally agree that the US does not currently need fiscal stimulus, although the Federal Reserve's actions may create a gap for the government to fill. The discussion also covers the implications for the deficit and debt, noting that the US benefits from holding the global reserve currency, which provides more economic leeway compared to other countries.

How do most economists view the need for fiscal stimulus in the current US economy?

What is the significance of the Fed's desire to pull back on their accommodation?

What are the potential effects of the proposed tax cuts on the US economy's GDP growth?

What concerns might deficit hawks have regarding the proposed fiscal measures?

In what ways does the US benefit from holding the global reserve currency?