# Ep 410. The "Plow-Horse" Economy, with Ernie Goss

Page: https://stenobird.com/podcast/retire-smart-podcast-6956219/ep-410-the-plow-horse-economy-with-ernie-goss
Text version: https://stenobird.com/podcast/retire-smart-podcast-6956219/ep-410-the-plow-horse-economy-with-ernie-goss.md
Podcast: [Retire SMART Podcast](https://stenobird.com/podcast/retire-smart-podcast-6956219)
Published: 2026-05-07T13:00:00+00:00
Episode link: https://connect92.podbean.com/e/ep-410-the-plow-horse-economy-with-ernie-goss/
Audio file: https://mcdn.podbean.com/mf/web/rgtz3q8xpkq2we35/Ep_410_The_Plow-Horse_Economy_with_Ernie_Goss900by.mp3
Processing state: processed
JSON: https://stenobird.com/v1/public/podcasts/retire-smart-podcast-6956219/episodes/ep-410-the-plow-horse-economy-with-ernie-goss
Duration seconds: 992

## Resource

This episode features economist Ernie Goss breaking down a “plow horse” economy—steady GDP growth driven by investment and productivity, but with sluggish job creation and an aging workforce reshaping labor dynamics. The conversation dives into Federal Reserve policy, rising government debt, and the growing disconnect between economic output and employment trends. It also explores tax policy debates, migration patterns, and why consumption-based taxes and reduced government spending may play a key role in future economic growth.

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## Transcript

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