The demand shock from India and China could turn into a supply shock because the reserve situation is so tight. Plus the geopolitical risks.
More Quotes from Laura Tyson:
I think that's understood as a policy issue in China. I don't think it's understood as a policy issue in the United States.Laura Tyson
I'd rather see the state work with all employers to see if they can come up with incentives to spread the risk among a broader pool. This is a Band-Aid, arbitrary, firm-specific solution to one of the most important policy problems of the United States.
Laura Tyson
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