Stiglitz: Clinton Hasn't Been Pushing Protectionism

The video discusses the future of trade from Australia's perspective, focusing on the impact of a strong AUS dollar. It examines Hillary Clinton's trade policies, emphasizing the need for fair trade agreements. The discussion highlights the minimal impact of trade agreements like TPP on GDP and critiques corporate influence. It explores corporate tax policies, profit shifting, and the need for appropriate tax rates. The video concludes with an economic outlook, noting the challenges of achieving full employment and the potential for Fed rate increases.

What is the main critique of the Trans-Pacific Partnership (TPP) mentioned in the video?

• It is too beneficial for small businesses.

• It does not include enough countries.

• It gives more power to corporations rather than focusing on trade.

• It focuses too much on environmental issues.

What is a key feature of the tax policy proposed under a Clinton administration?

• Increased taxes on imports.

• A more progressive tax policy.

• A flat tax rate for all income levels.

• Elimination of corporate taxes.

What is 'profit shifting' as discussed in the video?

• Transferring profits to countries with lower tax rates.

• Donating profits to international charities.

• Moving production to countries with lower labor costs.

• Investing profits in foreign stock markets.

What is the suggested approach to setting the US corporate tax rate?

• Allowing each state to set its own corporate tax rate.

• Eliminating corporate taxes altogether.

• Setting a fixed rate of 10% for all corporations.

• Collaborating with other countries to determine an appropriate rate.

What is the main concern about the current corporate tax rate?

• It discourages foreign investment.

• It is the same as the European tax rate.

• It is not effectively collected from large corporations.

• It is too high for small businesses.

What is the current state of the US economy according to the video?

• It is not fully back to real full employment.

• It is in a recession.

• It is experiencing significant inflation.

• It has reached full employment.

Why is it difficult to justify Federal Reserve rate increases?

• Because the economy is experiencing high inflation.

• Because the economy is not fully back to full employment.

• Because the stock market is unstable.

• Because there is a surplus in the federal budget.