Peterson's Posen Says It Helps to Run Economy Hot

The transcript discusses the challenges of achieving sustained GDP growth, highlighting the need for increased productivity and participation. It addresses the productivity puzzle affecting rich countries and suggests that technological slowdowns may be a factor. The role of corporate and public investment in fostering innovation is likened to buying lottery tickets, with uncertain outcomes. The discussion emphasizes the importance of economic policies that encourage growth and prosperity.

What is considered necessary to sustain a 3% GDP growth according to the speaker?

• Higher interest rates

• More foreign investments

• A leap in job participation or productivity

• Increased government spending

Which countries are mentioned as experiencing a productivity slowdown?

• Only the US

• US and China

• Only Japan

• US, UK, Western Europe, and Japan

What does the speaker suggest might be a reason for the global productivity slowdown?

• Trade wars

• Technological slowdown

• Lack of skilled labor

• High inflation rates

What is the speaker's view on the effectiveness of corporate and public investment?

• They guarantee economic growth

• They always lead to technological breakthroughs

• They are as risky as buying lottery tickets

• They are unnecessary for innovation

What is the speaker's analogy for corporate and public investment?

• A waste of resources

• Buying lottery tickets

• A guaranteed success

• A safe bet