Bloomberg Talks David Malpass Talks Inequality in America
Nov 20, 2025
David Malpass, former President of the World Bank, shares his insights on America’s economic inequality and the K-shaped recovery. He warns that while the economy grows, bottom and median incomes continue to lag. Malpass advocates for policy changes like Fed rate adjustments and tax reforms to stimulate growth. He also critiques the broken WTO system and China’s aggressive trade strategies. Additionally, he discusses the need for a cohesive GOP strategy focused on tax reform and spending restraint.
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The Travel Grind Of Public Office
- Malpass says the real grind of public office was constant travel and conferences that produced little.
- He recounts refusing events like Davos but being pushed by staff to attend anyway.
Median Income Is The True Test
- Income growth at the median is the core measure of successful economic policy.
- David Malpass argues job growth and rising median incomes reveal whether policies truly help people.
Push Supply Policies To Improve Affordability
- Increase energy production and reform permitting to ease affordability pressures.
- Cut capital gains taxes and speed depreciation to boost small-business investment and productivity, Malpass advises.