The Fiscal Cliff
At dinner tables, around water coolers, and in political debates around the country, many are confused about what capital markets do and if they matter to Main Street. Many in Washington, D.C. question the value of capital markets. Third Way's Capital Markets 101 sessions were launched to help answer many of the questions surrounding what capital markets do in order to have a more nuanced, thoughtful policy debate, and help policymakers understand the value capital markets provide to all Americans.
On September 21st, our featured guest was David Wessel, the economics editor of The Wall Street Journal. The session coincides with the release of his new book, Red Ink: Inside the High-Stakes Politics of the Federal Budget, and the discussion was centered around on our debt dilemma and the Fiscal Cliff.