Economist Paul Krugman Doesn't See Return to 3% Growth

The transcript discusses the limitations of policy in boosting economic growth, highlighting that the US economy is near its growth potential due to factors like an aging population and stagnant labor force participation. It emphasizes the need for infrastructure investment to enhance productivity, despite challenges in policy collaboration.

What is the main reason the speaker believes policy changes alone cannot significantly boost US economic growth?

• Lack of technological advancements

• An aging population and stagnant labor force participation

• High inflation rates

• Excessive government spending

How does the aging population affect the US economy according to the speaker?

• It increases the demand for healthcare services

• It limits the growth rate by reducing the workforce

• It causes inflation to rise

• It leads to a higher unemployment rate

What historical workforce trend is no longer contributing to US economic growth?

• Surge of women entering the workforce

• Increase in part-time jobs

• Growth in manufacturing jobs

• Rise in remote work opportunities

Why does the speaker suggest that now is a good time for infrastructure investment?

• Interest rates are still low

• The economy is in a deep slump

• There is a surplus in the federal budget

• Unemployment rates are high

What is one potential benefit of increased infrastructure spending mentioned by the speaker?

• It will decrease interest rates further

• It will raise productivity and provide economic stimulus

• It will lead to higher inflation

• It will reduce the national debt