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Learn more at Bloomberg New Economy.com. Hello and welcome to another episode of the Odd Thoughts Podcast. I'm Joe Wiesenthalts podcast. I'm Tracy Allaway.

And I'm Joe Eisenthall.

So Joe, I feel like there's a bit of a consensus emerging that maybe in the midst of the biggest economic

crisis in decades and in the midst of a rising death toll from coronavirus that there might be a greater role for the government.

Does it feel like that?

Yeah, absolutely. I mean, A, of course, you know, there's a public health crisis and so it can't really be addressed in a compelling way without some sort of broader government plan, But from an economic perspective,

and this is something that we've been talking about a lot

and I think it has huge ramifications,

the degree to which governments both in terms of spending and also in terms of thinking about their sort of domestic industrial strategy,

this crisis has really brought forth a lot of talk about how important that role is.

Right, what the potential role is.

And it can fall under a bunch of labels.

One of them, of course, is modern monetary theory, so I went ahead and said it. The other one is fiscal stimulus

Exactly how does the government insert itself to try to break our current economic cycle downward spiral.

But I feel like whenever we have these conversations, we talk about there is a role for government,

but we don't often talk about what that government

itself could and should look like.

...