In terms of the bailouts, what was interesting for me is that many people don't realize that governments saved the capitalist system from falling apart through the bailouts. So I'm not either a fan or an un-fan of the bail outs. Now where I'm definitely not a fan is that you shouldn't just bail out a system if you bail it out, which they did. There should have been very strong conditions attached to then what had to happen,. Even just purely financial conditions, to be honest.
Economist and author Mariana Mazzucato talks about her book The Value of Everything with EconTalk host Russ Roberts. Mazzucato argues that economists have mismeasured value and have failed to appreciate the role of government as innovator. She argues for a more active role for government in the innovation process and for government to share in revenue proportional to its role in the creation of new technology.