interview with Niall Fergusonvia New Enlightenment Conference, Edinburgh, 2019
Wednesday, September 4, 2019
Hoover Institution fellow Niall Ferguson reflects on threats to the global market systems since the 2008 financial crisis, the rise of left and right populism and socialism, as well as corporate responsibility and public sentiment towards large tech big businesses and the openness of free speech in universities.
"The IP Commission estimates that between $200 billion and $500 billion a year of intellectual property is stolen from the U.S." I found this interesting tidbit in The Atlantic interview of Kevin Hassett, ex CEA chair. (HT Marginal Revolution)
Former Prime Minister Manmohan Singh advised his successor, Prime Minister Narendra Modi, to listen to ‘sane voices’ on the economy to be able to restore confidence in the government’s macroeconomic policies and policymaking. For a prime minister there is probably no one better to turn to for sane and sage advice on statecraft than Kautilya aka Chanakya.
So much for looking to the Fed for salvation. On July 31 at the Federal Reserve's regular post-meeting press briefing, Chairman Powell announced a widely expected 25 basis points cut in the benchmark rate to 2.25%, the first reduction in over a decade.
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.