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. Support for “Firing Line for Margaret Hoover” is provided by Robert Granieri, Charles R. Schwab, The Fairweather Foundation, The Margaret and Daniel Loeb Foundation, The Asness Family Foundation, Jeffrey and Lisa Bewkes, The Beth and Ravenel Curry Foundation, Peter and Mary Kalikow, Craig Newmark Philanthropies, The Rosalind P. Walter Foundation, Damon Button, The Center for the Study of the International Economy Inc., The Pritzker Military Foundation on behalf of the Pritzker Military Museum and Library, The Marc Haas Foundation, and Stephens Inc.