The pandemic has reminded us of our shared fear and vulnerability across the world, but it has also highlighted the shortsightedness of the financial industry's focus on making more money off of central banking instead of investing in innovative solutions.
Jon Stewart interviews former treasury secretary, Larry Summers about the fed and inflation on this week's episode of The Problem with Jon Stewart.
The discussion revolves around the impact of Fed's interest rates, reduced shipping packages due to reduced spending and Europe's strategy to maintain energy for better productivity during the recession.
The podcast hosts discuss the potential for fear to dissipate amongst individuals holding extreme beliefs once they start witnessing benefits from new policies. They also mention the role of love and kindness in reducing tribalism and bringing people closer together.
The passing of the infrastructure bill can have an impact on the Democratic party's chances in the 2022 election, as there is a belief that delivering enough good news to the party's base can help them win; however, printing money can lead to inflation that can result in a negative impact on the economy, which could affect the party's success in the election.