Diana Furchtgott-Roth - Economist, Professor & Author | Navigating Economic Realities

Success Story with Scott D. Clary

Success Story Media

How To, Education, Self-improvement, Business

4.6 • 326 Ratings

🗓️ 3 May 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ Join 321,000 people who read my free weekly newsletter: https://newsletter.scottdclary.com ➡️ About The Guest Diana Furchtgott-Roth is an American economist who is an adjunct professor of economics at George Washington University and a columnist. She served as Deputy Assistant Secretary for Research and Technology at the United States Department of Transportation during the Trump administration. Her illustrious career spans senior roles in the U.S. Department of Transportation, U.S. Treasury Department, and the White House under multiple administrations – a testament to her unmatched expertise. Furchtgott-Roth is a sought-after thought leader on transportation, technology, and economic policy, sharing insights through her prolific writing, Congressional testimonies, and sought-after commentary. ➡️ Show Linkshttps://twitter.com/DFR_Economics/https://www.linkedin.com/in/diana-fr/https://dianafr.com/ ➡️ Podcast SponsorsHubspot - https://hubspot.com/ Entrepreneurs On Fire Podcast - https://www.eofire.com/podcast/NetSuite — https://netsuite.com/scottclary/DeleteMe - https://joindeleteme.com/success (Code: success)BELAY - https://belaysolutions.com1Password - https://1password.com/claryIndeed - https://indeed.com/claryHeaven Hill - https://heavenhilldistillery.com/hh-bottled-in-bond.phpLinkedIn Jobs - https://linkedin.com/excellenceEufy - https://eufyofficial.com/videolockPolicygenius - https://www.policygenius.com ➡️ Talking Points00:00 - Introduction02:24 - Diana’s Journey04:18 - Diana’s Impact in Economics and Politics05:55 - Working Across Political Lines07:14 - Healthcare Systems: US vs. Europe and Canada13:05 - Causes of Inflation Today19:33 - Untapped Natural Resources in the US20:36 - Inflation's Impact on Americans21:59 - Future Recessions: How Bad Could They Be?24:21 - Sponsor: Entrepreneurs On Fire Podcast25:07 - Why Not Remove Tariffs?26:24 - Getting People Back to Work28:07 - Unraveling the Wage-Price Spiral30:37 - Changes in Work: Impact and Outcomes32:44 - Lobbyists and Political Influence37:03 - US vs. European Tax Policies39:39 - Why the US Attracts People43:17 - Diana’s Solutions for the US45:06 - US Outlook: Next 5 Years46:54 - Connect with Diana Online47:31 - What Keeps Diana Up at Night? 49:03 - Diana’s Greatest Challenge50:13 - Most Influential Person in Diana’s Life50:56 - Book and Podcast Picks51:49 - Advice for Her Younger Self52:18 - Defining Success

Transcript

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0:00.0	How were you effective over your career? How did you find that you could have the biggest impact and what did that look like?
0:05.4	If I can work somewhere like the White House or a major cabinet agency,
0:10.0	then you can make decisions that really help people.
0:14.5	The decision makers inside, they are very much subject to outside pressure.
0:20.2	I think a lot of the great doctors leave countries where there is only public options.
0:24.4	If they practice privately then they cannot be in the public system so you have some specialists
0:29.4	who are practicing privately but then normal people who want to see them can never do that.
0:34.6	If we do not move it in the right direction, what's the reality for the average American?
0:38.9	How is it going to impact them?
0:40.1	Well, already the average American is seeing lower and slower wage growth because of inflation.
0:47.8	With inflation running at 8.5 percent and average wage is increasing by 5.6 and that's just the average a lot of people
0:56.5	and getting raises at all. Welcome to Success Story I'm your host Scott Clary. The Success Story Podcast is part of the HubSpot Podcast Network. HubSpot is a huge supporter of the show. I'm a huge fan of HubSpot, not just because they support the show, because they support entrepreneurs. And if you are an entrepreneur you have some problems
1:14.9	that a lot of entrepreneurs have productivity and it's not a secret it's not going to
1:18.7	be ashamed of you're not the only one that has this problem and why do we have
1:21.9	this problem well all the tools and
1:23.5	the tech that we're using they're massively over-complicated we have tons of
1:27.3	time-consuming tasks our teams are not getting the information they need to close
1:31.5	the deals connect with customers, whatever it is, as entrepreneurs and our teams, we all have productivity problems.
1:37.6	But HubSpot's customer platform truly helps.
1:40.1	It was built to save time and make your job easier so you can get back to building your business.
1:45.2	No more hours wasted on time consuming tasks.
1:47.8	No more chasing down prospect info if you're trying to close someone.
	...

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