Simon Johnson: belief

Transcript context

…Hello, everyone, and welcome back to Conversations with Tyler. Today, I am chatting with Simon Johnson. He’s a British American economist and a professor at the MIT Sloan School of Management. He served as chief economist of the IMF. He’s worked on Russian reforms, and he’s the author of numerous books, but most prominently, his new book, co-authored with Daron Acemoglu, called Power and Progress: Our Thousand-Year Struggle over Technology and Prosperity. We’ll be getting to that book, but since we’re taping on March 21, I’d like to start with a few questions about banking and deposit insurance for Simon, who has written in a book in that area as well. Simon, hello. Hi, Tyler. Great to see you, and great to see you today. These are good Tyler topics, I would say. Yes, so a very simple question: At what size or level is a US bank small enough to fail?…

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