May Day: Also known as international workers day, it’s one of the rare holidays that is celebrated around the world. And It is also a day that has long been marked by people marching in the streets, demanding reforms in the fight for workers’ rights. Guest host Ameera David weighs in with commentary.

Then Ameera is joined by regular host Erin Ade. Now that the rioting in Baltimore has cooled down somewhat, it’s time now to look towards the clean-up, and the economic toll that these riots have had on the community. Erin gives us a perspective.

After the break, to discuss the US economy and monetary policy, Scott Sumner, Economics professor from Bentley University and a blogger for EconLog and The Money Ilusion, is on the show. The Federal Reserve has decided to keep interest rates at zero due to employment that’s not yet at levels the Feds want to see as well as to a decline in household spending. Sumner gives us a read on what the weak Atlanta Fed numbers say about so-called secular stagnation. He also casts a skeptical eye on what he sees as a robotic, rules-based approach to monetary policy, making a push instead for nominal GDP targeting. Scott also takes on the concept that the Fed has kept rates “artificially” low.

And in The Big Deal, Boom Bust producer Edward Harrison joins Ameera to interpret the weak US data and to get a read on the Fed’s reaction function.

Take a look!

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https://www.youtube.com/watch?v=6GvE7Q2vLrU