Inflation nation: What’s driving US prices higher?

Inflation Nation: What’s Driving US Prices Higher? | Economist Larry Summers | GZERO World

As the holiday shopping season gets underway, consumers are facing empty shelves and sky-high prices. What explains the supply chain crunch and how is it related to the highest levels of inflation in the US in 30 years? Ian Bremmer is joined by economist Larry Summers, who served as the Treasury Secretary under President Clinton and as the Director of the National Economic Council under Barack Obama. Also on this episode of GZERO World with Ian Bremmer: the plight of the lowly shipping container.

More from GZERO Media

A soldier from the Karen National Liberation Army (KNLA) on the outskirts of Myawaddy, the Thailand-Myanmar border town under the control of a coalition of rebel forces led by the Karen National Union, in Myanmar, April 15, 2024.
REUTERS/Athit Perawongmetha

For the first time in 30 years, the Karen National Union is back in the eastern town of Manerplaw.

Reuters

US President-elect Donald Trump made it official: he thinks Canada becoming the 51st state is a “great idea”. Ina post Thursday morning on Truth Social, Trump repeated his claim that the US subsidizes Canada by “over $100,000,000 a year” and mused that “Many Canadians want Canada to become the 51st State. They would save massively on taxes and military protection.”

US National Security adviser Jake Sullivan speaks with GZERO founder and president Ian Bremmer at 92Y in New York City, on December 17, 2024.
Dan Martland/GZERO Media

Joe Biden's top foreign policy adviser shares his views on the transition to Trump, the risks in Syria, the choices for China, the false narrative about Russia, and what keeps him up at night as he prepares to leave office.