U.S. Should Increase Public Infrastructure Investments: Economist

The video discusses the rise in commodities and inflation expectations, analyzing the potential impacts of Biden's $1.9 trillion economic plan, including increased inflation and GDP growth. It highlights the fragility of the US job market and the importance of infrastructure spending for sustainable economic recovery. The video also explores the concept of a new Bretton Woods regime, where central banks manage interest rates similarly to exchange rates, emphasizing the need for yield curve controls.

What percentage increase in commodities was observed over the past year?

• 120%

• 90%

• 60%

• 30%

What is the projected inflation rate if the Biden plan is approved?

• 3.0%

• 1.5%

• 2.4%

• 2.0%

What is a key component missing from the current Biden stimulus plan according to the discussion?

• Tax cuts

• Education reform

• Public infrastructure investment

• Healthcare funding

What is the expected GDP growth for the US in 2021 with the stimulus package?

• 3.5%

• 5.0%

• 7.0%

• 9.0%

What is the potential risk of a large fiscal package for 2022?

• Stagflation

• Deflation

• Economic boom

• Economic hangover

What does the new Bretton Woods regime focus on managing?

• Interest rates

• Commodity prices

• Exchange rates

• Trade balances

What is the expected movement of US Treasury yields in the new regime?

• Above 1.2%

• Above 2.0%

• Below 1.0%

• Between 1.0% and 1.2%