Everybody’s Business: Are We Headed For Stagflation?

The Roosevelt Island Tram is a monument to the 1970s stagflation era when New York City ran out of money and couldn't borrow any more to build a subway between Manhattan and the island in the East River. On this episode of Everybody's Business, Stacey Vanek Smith and Allison Schrager ride the tram and talk stagflation: what is it and are we headed in that direction again? Listen to the full episode wherever you get your podcasts. (Source: Bloomberg)