Former World Bank President David Malpass Talks Economic Policy
Sep 27, 2024
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David Malpass, the former President of the World Bank, joins Bloomberg's hosts to dive into pressing economic policies. They discuss the complexities of foreign investment and the political pressures shaping sound decision-making. The conversation shifts to historical perspectives on inflation management, debating price controls versus production incentives. Malpass sheds light on U.S. trade policies, touching on 'friend shoring' and the impacts of tariffs, all while considering the balance between national security and economic growth.
David Malpass discusses the importance of balancing national security concerns with the necessity of foreign investment for the U.S. economy.
The podcast highlights the divide in U.S. foreign investment policy as influenced by the current political climate and campaign strategies.
Deep dives
Instagram's Teen Account Protections
Instagram has introduced new teen accounts that come with automatic protections to enhance the safety of young users. These accounts impose limits on who can contact teens and restrict the type of content they can view, promoting a safer online environment. Furthermore, users under the age of 16 are required to get parental approval before changing these safety settings, ensuring a greater level of oversight. This initiative is aimed at helping teens connect more safely with others and engage with content that matters to them.
Challenges in U.S. Foreign Investment Policy
The conversation highlights a significant divide in U.S. foreign investment policy, particularly in the context of a proposed deal involving Nippon Steel. While there is a push from the Biden administration to limit foreign investment, largely influenced by the political climate and campaign strategies, this stance reflects a broader tension between national security and free trade. The podcast emphasizes the ongoing challenge of balancing these interests, especially as foreign investments are critical for the U.S. economy. Debates surrounding national interest and foreign partnerships persist, necessitating an honest conversation among U.S. leaders about the future direction of policy.