There is a very plausible story that Donald Trump would never have become president if it hadn't been for Barack Obama. The long-term consequences of what you do are really complicated. It's hard to come to the basic insight that for the most part, we all don't matter. And as a result, I'd like to think that what I think is going to make the world a better place was worth my time.
Jason Furman is a professor of economics in the Economics Department at Harvard and at the Harvard Kennedy School. He also served as the chair of the Council of Economic Advisers under President Barack Obama.
In this week’s conversation, Yascha Mounk and Jason Furman discuss the causes of today’s persistent inflation in the US and whether it is likely to continue; how concerned we should be about the recent failures of mid-sized regional banks; and why America’s share of world GDP has remained resilient over the past decades even though it sometimes feels dysfunctional relative to other developed economies like Germany and Japan.
This transcript has been condensed and lightly edited for clarity.
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