Inflation has reached its highest levels in decades, and uncertainty abounds: is it Biden’s fault? Russia’s? Is the pandemic to blame? Are we heading into a recession? A panel of experts joined Roundtable to discuss the causes and effects of inflation and how it will continue reshaping the economy. In this segment, the panel discusses long-term strategies for strengthening the U.S. economy, beginning with revitalizing the manufacturing sector.
Jon Najarian argues that incentivizing a return to production could reshape the U.S. economy to be more resilient.
"Instead of us spending $7 trillion on all these bailouts, they should say, if you bring manufacturing back, we'll give you a tax holiday of $7 trillion," he says. "If they had that kind of incentive, businesses would build like crazy."
Alex Mascioli adds that investing in healthcare could significantly contribute to building wealth in the U.S.
"I would try to create a uniform universal healthcare, because healthcare is a large chunk of working class paychecks," he says. "They may not see a change with consumer goods, but they see it in another area where they get to keep more money in their paycheck."
Watch the full discussion below:
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Jon Najarian, Co-Founder, Market Rebellion
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Alex Mascioli, Co-Founder, Trade the Chain