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Hello and welcome to another episode of the Adlots podcast. I'm Joe Wyzontal.

And I'm Tracy Alloway. Tracy, I'm very excited about today's episode obviously.

You know, we talk a lot about economic theory on the show. We talk a lot about how like changes

have in economic thinking have changed from now and pre-crisis and so forth. We talk about the

sort of condition of the macro economy quite a bit, but not as much on the actual, I guess,

specific policy making side. Yeah. Well, today is a chance for us to put theory into practice,

I guess. And we've been talking basically a year now about this idea of the handoff to fiscal

policy, this movement from monetary policy to fiscal stimulus being more important for economies,

post-COVID. And now's our chance to actually dig into how fiscal policy is enacted and how people

in power are thinking about it. Yeah, exactly right. So like that is, of course, a huge theme,

a huge discussion, the sort of the post, I guess I would say, you know, the lesson of the last year

is that fiscal power has been incredibly effective at reviving the economy. And there's certainly

an increased openness. It feels like politically and also intellectually to really take a more

expansive view of what government spending and taxation power is capable of in terms of building

into economy and sort of not leaving so much of the decision making to the central bank.

Yeah, I think that's exactly right. And we are seeing even, you know, if you think back a couple

...