American Monetary Association AMA 242 - Government on the Demand Side of the Economy with Bill Janeway
Jason Hartman talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution.
Key Takeaways:
[1:27] How the thesis of the 3 player game came about
[5:24] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy
[9:17] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened
[11:21] Wherever there's a market for assets there will be bubbles
[17:05] Why the digital revolution made Bill extend his book
[24:05] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution
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