… Fed chairman similar to Greenspan that cannot get too agitated about a hot GDP number and think it immediately translates to resurgent inflation because of productivity. Well, it's clear that We are at the nascent stages of a productivity boom not unlike the 1990s. Until all your viewers go back and read Bob Woodward's book Maestro about Alan Greenspan and how he correctly let the economy run hot, that we had very substantial GDP growth, we were able to pay down a lot of debt. (13:37–13:44)
CLAIM
Asserts that the U.S. is at the beginning of a productivity boom similar to the 1990s.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
