Shutdowns are back—and Gene delves into the reasons, ramifications, and rhetoric. This episode examines the latest U.S. government shutdown, its potential to outlast previous ones, and whether it could signal deeper structural changes—or just more political theatre.
Shutdowns are back—and Gene delves into the reasons, ramifications, and rhetoric. This episode examines the latest U.S. government shutdown, its potential to outlast previous ones, and whether it could signal deeper structural changes—or just more political theatre.
Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com.
CBO report on the 2019 shutdown:
https://www.cbo.gov/publication/54937
CBS News report “Who gets back pay and who doesn't after a government shutdown?”
https://www.cbsnews.com/news/government-shutdown-contract-worker-back-pay/
David Wessel’s Brookings article “What is a government shutdown?”:
J.P. Morgan note “How does a potential U.S. government shutdown impact markets?”:
Emily Jashinsky’s video “Democrats LOSE IT over sombrero meme as Trump Unleashes 'Doge 2.0'”
https://youtu.be/JQCg-NuTAYI?si=s7eS7VgBH43Ab8VD
Bernie Sanders and AOC video on the shutdown:
https://youtu.be/fqWsPk7QO24?si=1RBjjEQogMMoLCzr
Relevant previous Economics Explored episodes:
Debt, Inflation & Unrest: Western Warnings - ep297
https://economics-explained.simplecast.com/episodes/debt-inflation-unrest-western-warnings-ep297
US Debt Ceiling: Why Trump is Right to Call for its Abolition & Gene’s Experience with Aussie Debt Ceiling - EP268
Is Uncle Sam Running a Ponzi Scheme with the National Debt? w/ Dr Dan Mitchell - EP235
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