Mark Thoma & Tim Duy on US economic growth & Fed policy

Syriza’s Finance Minister Yanis Varoufakis wants to shift the fiscal focus of Greece away from budget cuts and towards structural reforms, however, sources from within the ECB have told media that Greece’s access to funding from the central bank may be cut off at the end of the month. Erin weighs in. Mark Thoma, professor of economics at the University of Oregon, tells us if a minimum wage increase could increase worker productivity and why wage growth is slow. Tim Duy, also professor of economics in Oregon, gives his take on the growth of the US economy and if the downshift in growth is due to demographic issues, and gives a detailed analysis of Fed policy. And in The Big Deal, Erin and Edward Harrison discuss President Obama’s $3.9 trillion budget proposal.

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