David Woo on What the Economists Got Wrong About the Stimulus

David Woo, an independent economist and former strategist at Bank of America, offers bold insights into the economy. He critiques mainstream economists for underestimating inflation, suggesting it will remain higher than expected. The discussion delves into recent data from the Consumer Price Index and the complex impacts of COVID-19 on labor and supply chains. Woo also highlights the U.S.-China relationship, examining how political shifts affect economic ties and potential future reforms.