The Roosevelt Island Tram is a monument to the 1970s stagflation era when New York City ran out of money and couldn't borrow any more to build a subway between Manhattan and the island in the East River. On this episode of Everybody's Business, Stacey Vanek Smith and Allison Schrager ride the tr...
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-21/everybody-s-business-are-we-headed-for-stagflation)