Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

or wherever you get your podcasts. Hello and welcome to Tracy Alawe.

I'm Joe Wiesenthal.

And I'm Tracy Alaway.

So Tracy, you know one of the big things that we've been talking about, maybe a little bit on the podcast, but I would say

finance media, eco media in general is this idea of the monetary to fiscal handoff.

Oh yeah, that is the big theme and it's sort of the big thing

that a lot of people are hanging their hopes on

for economic growth.

So the spiel that you've been hearing a lot

is that monetary policy has failed in various ways

to lift inflation and to boost economic growth

in a significant way. And so it is now up to the government

side to actually enact physical stimulus and do it that way.

Right, I think there's like a couple things going on. I mean, I think A, there's the fact that people have been pretty disappointed with the pace of growth in the wake of the financial crisis. There's the fact that in much of the developed world, there

may literally, according to some people, be no further scope for monetary policy as rates

are more or less pinned at zero, so even if things

are okay now, there's this expectation that central banks don't have a lot of juice.

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