Kasman: Hard to Argue for Sustained U.S. Growth Near 3%

The video discusses the economic optimism during the Trump administration, focusing on nominal GDP growth and the challenges of achieving sustained growth. It highlights the role of productivity, technology, and demographics in economic development. The discussion also covers the impact of US policies on global trade and the potential for infrastructure and tax reforms to enhance productivity. The video concludes with strategies for improving productivity, acknowledging the long-term nature of these efforts.

What is the target nominal GDP growth rate discussed in the context of the Trump administration?

• 3%

• 4%

• 6%

• 5%

Which factors are highlighted as crucial for improving productivity?

• Trade policies and tariffs

• Demographics and immigration

• Inflation and interest rates

• Capital, labor, and technology

What is a major challenge in achieving sustained economic growth according to the transcript?

• Trade deficits

• Excessive government spending

• Declining demographics

• High inflation rates

How does the transcript describe the impact of 'America First' policies on the world?

• They are beneficial only to the US

• They have no impact on global trade

• They are a zero-sum game

• They can be both positive and disruptive

What is suggested as a long-term solution to improve productivity?

• Regulatory reset and infrastructure spending

• Reducing immigration

• Immediate tax cuts

• Increasing tariffs