Alan Greenspan: We're in a State of Stagnation

Alan Greenspan, former Federal Reserve chairman and founder of Greenspan Associates, explains the effects of low productivity on the U.S. and global economies and his concerns for stagflation. He speaks with David Westin on "Bloomberg ‹GO›."

ALAN GREENSPAN: What I’m concerned about mostly is stagflation, meaning I think we’re seeing the very early signs of inflation beginning finally to pick up as the issue of deflation fades. We’re just in a stagnation state.