Furman Says Rising Deficit From Tax Reform Is 'Nuts'

The video discusses the current fiscal stimulus and its implications on the economy, highlighting a trillion-dollar deficit and a 4% unemployment rate. It examines economic projections, referencing experts like Krugman, and debates on tax reforms. The potential impact of tax cuts on capital inflow and GDP is analyzed, noting that while GDP may rise, GNP might not benefit as much due to external repayments.

What does the speaker suggest about the flow of capital into the United States?

How does the speaker differentiate between GDP and GNP in the context of the discussion?