Just get rid of this ‘stupid’ debt ceiling, says Axios reporter Felix Salmon

Axios chief financial correspondent Felix Salmon joins Margaret Hoover to talk about the lasting changes the COVID-19 pandemic has caused for the economy.

Salmon, author of “The Phoenix Economy: Work, Life and Money in the New Not Normal,” discusses cooling inflation, the continued strength of the labor market, and why millennials have shifted their perspective on investing.

As the U.S. faces the threat of a debt default, Salmon explains why he believes the debt ceiling should be abolished, and he reflects on the pros and cons of the proposal to mint a trillion-dollar coin to avert a global economic catastrophe.

Salmon, who co-hosts Slate’s Money podcast, also addresses how artificial intelligence could impact the economy and why Americans persistently believe the country is in a recession when it is not.

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