Everybody’s Business: Are We Headed For Stagflation?

The Roosevelt Island Tram is noted as a monument to the 1970s stagflation era when New York City could not borrow enough money to build a subway between Manhattan and its island in the East River. On an episode of Everybody's Business, Stacey Vanek Smith and Allison Schrager discuss what stagflation is and whether such economic conditions are recurring.