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Open to Debate

#144 - Unresolved: America's Economic Outlook

Open to Debate

Open to Debate

Education, Society & Culture, News, Government, Politics

4.52.1K Ratings

🗓️ 24 January 2018

⏱️ 51 minutes

🧾️ Download transcript

Summary

The Three Motions: Is deregulation driving the booming economy? Can the Republican tax bill spur economic growth? And is the stock market too high? By most accounts, the American economy is booming — manufacturing is at a 13-year high, unemployment is at a 16-year low, and both the stock market and consumer confidence are soaring. But just what is driving this upturn? And can Americans trust that current economic conditions will hold up in the months ahead? In our season premiere, five esteemed economic thinkers debate the state of the American economy, from tax cuts to trade policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

And so we get to see what it's like now that some of the economic promises that a candidate named Donald Trump made are actually being kept now that he is president.

0:13.0

He promised there would be tax reform and now we have tax reform.

0:16.0

He promised that regulations would be cut and regulations are being cut.

0:20.0

When it comes to trade policy, we are not sure yet where that is going.

0:24.0

But what is the upshot? Who is feeling great?

0:27.0

And who is not feeling great? And who might yet feel great?

0:31.0

Well, in all of this we think we have the makings of a debate and so that's what we are going to do.

0:36.0

I'm John Donovan. This is Intelligent Squared US.

0:39.0

And the name of this debate is Unresolved America's Economic Outlook.

0:43.0

For this one, we are using the format that we call Unresolved in which five debaters,

0:48.0

each superbly qualified but ready to disagree with the other, will argue independently.

0:54.0

In other words, there are no teams in this debate and not on just one resolution but on a series of them.

0:59.0

So please, let's welcome to the stage our esteemed debater is first Jason Furman.

1:05.0

Julian Tech, Stephen Moore, D'Ambeza Moio, and Simon Johnson.

1:14.0

And I'd like to start with a little chat with our debaters starting with Jason Furman.

1:18.0

Jason Furman, and welcome back to Intelligent Squared US.

1:21.0

You spent eight years in the Obama administration.

1:24.0

You are one of his chief economic advisors.

1:27.0

In fact, Chairman of the Council of Economic Advisers, you're now at the Harvard Kennedy School,

1:32.0

Senior Fellow at the Peterson Institute for International Economics.

1:35.0

Jason, just a little flashback for just a second.

1:39.0

When you look back at the Obama administration, we're just curious what policy,

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