Michael Spence: Policy Proposals for the United States (4/5)

The video discusses the need for a balanced fiscal policy to address structural challenges, focusing on growth and employment, particularly in the tradeable sector. It highlights the importance of addressing skills deficits and improving the educational system. The speaker suggests overhauling the tax system to support growth and proposes a sensible energy policy to anticipate future resource price increases. The overall goal is to create a sustainable economic model that addresses employment and income inequality issues.

What changes to the tax system are suggested to promote domestic activity?

How can a sensible energy policy contribute to economic recovery?