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This is planet money from Nprdez.
Okay, we are going to start today's show by jumping into the old planet money time machine.
Economic destination 2009, a time when the government was spending lots and lots of money and the national debt was shooting up.
Yeah, back then, the US was trying to pull itself out of the recession that followed the financial crisis.
One of the big strategies the government used was just to spend and spend and spend.
We bail out some banks.
We lowered taxes.
There was all this money for infrastructure.
Early in the recession.
I think a lot of people were very supportive of the big steps the government took to increase government spending and reduce taxes.
That is Karen Dinan.
She teaches at Harvard now.
Earlier in her career, she worked at the Federal Reserve, did a stint as the chief economist at the Treasury Department.
And Karen says it didn't take long for some people to question the wisdom of all that.
Spending attitudes changed.
And, you know, there were some economists and some policymakers, I think particularly people we would call deficit hawks, who started to get quite concerned.