Jeremy Grantham says in order to revive the economy, there needs to be a 'Marshall' plan
Jeremy Grantham, Grantham, Mayo & Van Otterloo co-founder, joins 'Closing Bell' to talk about the road to recovery and what the Biden administration can do to revive the economy. "Equal society is simply good economics," Grantham says. "We must increase economic equality." The last few years in the developed world have seen steadily slowing productivity, he adds. And we need fiscal spending to jolt the developed world out of a long-term malaise. And I wouldn't be frightened of inflation.