CNN Smerconish June 4, 2024 13:21:00
In the initial recovery act. because i thought it was doing almost nothing to increase supply. and in fact, the unemployment insurance payments were reducing supply of workers, people staying on the sideline. and it was doing a huge amount to promote demand. i think if we do the investments that are now under discussion by president biden and the congress, which we do them right which means we pay for them, we spread them out over time, and we focus them on growing the economy's potential, then i think that can very much be the right thing to do. ultimately, what we want to do is reduce inflat...
Source: archive.org