What's the Right Way to Think About the Economic Losses From Brexe?

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There's a long term, secular decline over centuries, that real rates basically get lower. I think so much damage was done to economic forecasting by the experience of the nineteen eighties. Then in terms of a longer term decline of of interest rates yet to be careful about ar you think what's happened to risk associated with interest rates? Bonds used to be a more risky than they are right now. So i think there's a couple other m different factors going on there....

Note: This conversation was recorded in January 2020.

Tyler credits Jason Furman’s intellectual breadth, real-world experience, and emphasis on policy for making him the best economist in the world. Furman, despite not initially being interested in public policy, ultimately served as the chair of the Council of Economic Advisors under President Obama thanks to a call from Joe Stiglitz while still in grad school. His perspective is as idiosyncratic as his career trajectory, seeing the world of economic policy as a series of complex tradeoffs rather than something reducible to oversimplified political slogans.

Jason joined Tyler for a wide-ranging conversation on how monopolies affect investment patterns, his top three recommendations to improve American productivity, why he’s skeptical of place-based development policies, what some pro-immigration arguments get wrong, why he’s more concerned about companies like Facebook and Google than he is Walmart and Amazon, the merits of a human rights approach to privacy, whether the EU treats tech companies fairly, having Matt Damon as a college roommate, the future of fintech, his highest objective when teaching economics, what he learned from coauthoring a paper with someone who disagrees with him, why he’s a prolific Goodreads reviewer, and more.

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Recorded January 16th, 2020 Other ways to connect

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