Greenspan: We're in a State of Stagnation

The transcript discusses the current economic situation, highlighting the lack of political action to address rising entitlements, which are affecting domestic savings and investment. This has led to low productivity and economic stagnation globally. The speaker expresses concern about the early signs of stagflation as inflation begins to rise while deflation fades.

What trends in major economies are highlighted regarding output per hour growth?

What concerns are raised about stagflation and inflation in the current economic context?