Explaining inflation & what's next for the US economy
US inflation is now at a 40-year high. So, what can we do about it?
The Federal Reserve is trying to cool down the overheated economy by raising interest rates. But if the Fed goes too far, the rate hikes could trigger a recession that'll hit low-income Americans hardest.
On GZERO World, Ian Bremmer speaks to economist and University of Chicago professor Austan Goolsbee, who says the recipe to fixing inflation depends on whether you see it as a demand or supply problem.
Goolsbee also shares his thoughts on why some COVID innovations like making masks domestically or WFH were just economic blips, why the Biden administration perhaps put up too much stimulus for the recovery, and why Americans feel glum about the economy yet still have cash in their pockets.
Bonus: find out why people are stealing CATS across America.