Stiglitz Says Raising Interest Rates Won't Fix Inflation Problem

The transcript discusses the global discontent stemming from globalization, exacerbated by the COVID-19 pandemic, and its impact on the United States' preparedness. It highlights the inflation crisis linked to global events like the Ukraine war and China's lockdowns, emphasizing the need for global solidarity. The conversation shifts to economic inequality, focusing on the middle class's struggles and the need for solidarity among elites. Strategies for controlling inflation through supply-side interventions are discussed, along with the importance of modernizing defense spending to address current global threats.

What role does solidarity play in addressing global challenges according to the speaker?

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How can the elites in America reconnect with the middle class?

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What changes are suggested for military expenditure in light of modern warfare?

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