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Now most research papers people are doing, you spend two years on the paper, it's not about current events.

In terms of what people think about policy right now, I think there is a little bit of a bias towards thinking whatever your team thinks is good,

not maybe in a lot of bit of a bias and people don't inquire as deeply.

So I saw people who looked at the American Rescue Plan, I should have known better and didn't say, oh, like, how big is it as a share of GDP?

How big is the GDP gap?

What's the multiplier?

They didn't sort of do three steps that they could have done even based on their own research.

They went out and said, oh, it's fine.

And I think they thought it was fine.

And now the good fight with Yasha Monk. My guest today is Jason Furman.

Jason is a professor of economics at both the economics department at Harvard and at the Harvard Kennedy School.

He used to be the chair of the Council of Economic Advisors under Barack Obama.

We had a conversation which are basically just pepper-jason with questions that I have about the economy

as somebody who's not an economist.

Questions about how we ended up in an inflationary spiral,

whether we have managed to get out of it.

How worried we should be about the slow moving banking crisis we seem to be in.

Why it is that economics is an empirical discipline in which your political leanings shouldn't influence what you predict is going to happen and yet

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