Part 9/17:
Turning to governmental strategies, Lynn discusses the Biden administration's focus on infrastructure and social programs. He observes that infrastructure spending remains a bipartisan issue, but the definition is expanding to include areas like child care, broadband, and social welfare—further blurring the lines of traditional infrastructure.
In terms of economic stimulus, the emphasis is on creating jobs, especially during recessions, but currently, the demand-driven pressures differ due to high employment levels and ongoing aid programs. The debate continues over how much and how efficiently to invest in physical infrastructure, with partisan disagreements over scope and priorities.