In December 2012, Planet Money co-host Adam Davidson stopped by the TED office to talk about the fiscal cliff. At the time, the U.S. Congress was weeks away from a deadline to set a course on federal debt, and head-butting was at a fever pitch. As Davidson explained, the disagreement was simple: Democrats see increasing […]
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The term “fiscal cliff” is controversial. So Adam Davidson, the New York Times Magazine columnist and co-host of NPR’s Planet Money, prefers to call it “the self-imposed, self-destructive arbitrary deadline about resolving an inevitable problem.” In today’s talk, filmed in TED’s New York office on Monday, Davidson explains what the fiscal cliff is and why […]
The term “fiscal cliff” has gained traction in the U.S. news in the past few months, at least in part because it paints a vivid metaphorical picture. Popularized by Federal Reserve Chairman Ben Bernanke, the term refers to the ill economic consequences that could occur if Congress does not change its course on several policies […]