Letting the economy run hot

Running the economy hot means everyone who wants a job has a job. And the people who benefit most are those at the low end of wage distribution. The concern, though, is that a hot economy can cause a whole lot of inflation. But that’s just not happening. On today’s show: What we’ve learned in the past decade about letting an economy run hot. Plus, 71% of parents who work full time have kids who are attending school in person and a look at the shoe economy almost a year into the pandemic.