Public evidence record
Published podcast speaker
Claim ledger
32 transcript-backed records
01 / belief
“The US, Tyler — we haven’t talked about this at all, but I think trade and trade policy and the politics of trade remain immensely complex in the US, and that’s not getting easier.”
02 / belief
“Then we spent a lot of time doing fact checking and cleaning things up and tightening text. It was probably the most intense six months of my working life, I would say.”
03 / belief
“If you had a central bank digital currency, I think a lot of people would’ve migrated, if they weren’t already holding that — they would’ve migrated from the bank account into that central bank digital currency, and that would be a big shift in the ability of the banks to fund their loan book.”
04 / belief
“I think when autocrats behave badly and aggressively and invade other countries and otherwise mess with the world and the world economy, you should not have them at the big table.”
05 / belief
“I think we can certainly push people to find ways to use the technology, the ways to use the technology that would enhance creativity, enhance productivity in a distributive way so all the gains don’t go to corporations, but no guarantee at all we’re going to get that outcome.”
06 / belief
“I think that the people in NAFTA should worry about the British turning their backs on that, too, honestly, Tyler.”
07 / belief
“I think the shrinking of distance, or a different view of distance, Tyler, after the pandemic, has got to be a helpful part of that.”
08 / belief
“I do think that we might leave individual deposits at $250,000, where it is now. And we might have a sensible design of an insurance scheme for small-business transaction accounts, because I think if you have a nine-person startup, telling them to spend time on financial management when they’re trying to build a new hot sauce company — whatever it is — it’s a distraction and rather unfair.”
09 / uncertainty
“I think there’s a lot of validity to that. It was obviously also a derivative — I don’t know if bubble is quite the right word — but there was a view — and I was at the IMF, as you know, Tyler, in 2007 — and we had a view that was completely wrong, that derivatives had spread the risk around the world.”
10 / belief
“Oh, I think that was just an attempt to illustrate what market concentration means, Tyler.”
11 / belief
“I think a big part of what went right in the era of Henry Ford was the so-called engineer managers, the people who created the new tasks, the people who designed companies, the people who built these organizations.”
12 / belief
“Technology policy, sure, but about technology more broadly. It’s a lot of fun, and, I think, a good complement to their other parts of education, which are obviously much more technical, much more mathematical.”
13 / belief
“I think banking is a difficult business and rife with problems for the rest of us, Tyler, however you organize it.”
14 / belief
“Great to see you, and great to see you today. These are good Tyler topics, I would say.”
15 / belief
“I think the bigger argument that we’re making there is, look beyond the East and West Coast.”
16 / belief
“I think you’ve got to be very careful when it comes to money-financed deficits anywhere, and use those kinds of measures only when there’s no alternative.”
17 / belief
“I think there’s going to be a lot of repricing in that market for that reason. But I think the concern, Tyler, was that the convertibility would not happen, that those bonds would be protected precisely because of the kind of contagion fears that you mentioned a few moments ago.”
18 / belief
“When you strip that out, I think their total balance sheet is a bit more than the reserves that the Swiss National Bank has, but they still have strong enough national balance sheet and a credible enough central bank.”
19 / belief
“I think the regret actually there, Tyler, is much more about the impact of social media on political, economic, and social discourse, the way that people talk to each other, the way — what has happened to civility.”
20 / belief
“I agree, Tyler, it’s extremely awkward and not clear that it’s good for the people of Pakistan to continue on this sort of trajectory.”
21 / belief
“I think an engineering or a science undergraduate degree is a very strong preparation for the modern world.”
22 / belief
“I think that separation is something that’s sufficiently ingrained, and people are accustomed to it, but you’re right to push them, Tyler.”
23 / belief
“I think with AI, there’s a lot of obviously huge discussion about all kinds of dimensions, but the piece that we really focus on and are concerned about is that more workers may be displaced from previously well-paying jobs, and without creating new tasks.”
24 / recommendation
“They would’ve had a haircut. But then, Tyler, I think the key point that Sheila makes is, you should have insured all the other banks so that, in other words, uninsured deposits at Silicon Valley Bank would’ve had losses.”
25 / recommendation
“I think a very sensible version of that would insure business transaction accounts, or operational deposits, as FDIC calls them.”
26 / prediction
“First of all, because Paul Krugman said in 1992 or something that it was the best possible predictor of the future, and it turns out to be pretty much right.”
27 / commitment
“I think getting better outcomes for more people sooner — including from, for example, artificial intelligence right now, Tyler — is something we need to put our minds to.”
28 / evaluation
“I think the distinct difference we would make, just in terms of those facts, is that if you look at how people lived in cities — for example, in Manchester in the 1830s, which Engels wrote about — whether or not you like Marx and Engels, that was a really good, powerful description of working-class conditions.”
29 / evaluation
“I think the bank-nonbank distinction is a really interesting one, Tyler, because of course, it all goes back to allowing money market funds to appear in the 1970s, which, in itself, was a reaction to high inflation and controls and interest rates.”
30 / preference
“Ireland, Tyler, is one of my favorite countries, and a country that I would say has definitely broken free of the middle-income trap.”
31 / evaluation
“I think that that shift in deposits away from — if there is a shift in deposits away from, let’s say, regional banks or mid-size banks towards very large banks, for example, they’re not going to be particularly good at replacing the regional banks in what they do in terms of lending to the nonfinancial sector all across the country, for example.”
32 / evaluation
“The Human Genome Project is one of our favorites. That was actually turned down by private venture capital in the 1980s because they said, “Yes, you can do this, map out the human genome, but we don’t know how you can monetize it.”