Intervention Is Needed to Right the U.S. Economy, Says Glenn Hubbard

The transcript discusses the challenges of supply side economics amid new debt due to the pandemic. It emphasizes the need for economic recovery strategies, including business incentives and employment support. The importance of testing and gradual reopening is highlighted, along with concerns about economic intervention and potential Japanification. The discussion includes expert opinions on balancing economic support and unwinding interventions.

What role does testing play in the process of reopening the economy?

What does the term 'Japanification' refer to in the context of the U.S. economy?