With threat of a recession, how will this impact our economy, and how can we best prepare?

Published: Aug. 3, 2022, 12:58 a.m.

 

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Last week the Federal Reserve raised interest rates for the second time in a row, trying to help curb inflation. These concerns have us making changes in what we buy and watching our bank accounts more closely. But what has lead to these dire economic times? And with all the solutions being explored, what really can be done to right the nation’s financial issues.

Also, how can children escape poverty as they become adults? One large new study give clues about how lower-income children can rise up the economic ladder. 

Locally, the good news is that having recovered from pandemic job loss, reports show that Houston's economic growth is strong.

In this episode, economic experts discuss the state of the economy and the impact it will have on your bottom line. 

Guests:

Matthew Jackson

  • Professor of Economics from Stanford University and the Santa Fe Institute

Dietrich von Biedenfeld

  • Assistant Professor and Department Chair in the College of Business at the University of Houston Downtown

Dr. John Diamond, Ph.D.

  • Director, Center for Public Finance at the Baker Institute
  • Adjunct Professor of Economics at Rice University

Mike Norman

  • President, Modern Money Network (MMT) Economics

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