Quote from: mu_enrico on Today at 08:19:39 AM

Quote from: crwth on June 25, 2020, 12:26:26 AM

These hard times, it's hard to get focused on the infrastructures and school systems. Focusing on one aspect would be good enough right now, the health-care system.

I don't understand what these have to do with stagflation when you have output problems and inflation problems at the same time.

It's in the article though.

Quote

Stiglitz said countries where there’s bigger trust in government have done better getting out of the pandemic. The U.S. should focus on a green transition, fix its infrastructure, health-care and school systems, and make sure and making sure everyone who “wants a job, has a job.”

The possible solution and what the U.S. could've done. It's said there that there are other countries that have done better during the pandemic in which focusing on those three parts of the system. Since it's not the case, high unemployment and stagnant demand in the economy has happened, hence stagflation.