Mar 19, 2021
Claudia Macaluso describes why the United States has a welfare system, how it was designed, and how effective it is at combating poverty, especially during recessions and the downturn caused by the COVID-19 pandemic. Macaluso is an economist at the Federal Reserve Bank of Richmond.
Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/speaking_20210319_macaluso