How Governments Shape Markets

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 10 May 2025

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Even in free markets, governments still make plays. Chris Hughes is a co-founder of Facebook and an economist who specializes in the history of Fed policy. He is also the author of “MarketCrafters: The 100-Year Struggle to Shape the American Economy.” Hughes joined Ricky Mulvey to discuss: - Modern examples of American “market craft.” - How to fix the housing crisis. - What we did and didn’t get from $2 trillion in COVID aid. Host: Ricky Mulvey Guest: Chris Hughes Producer: Mary Long Engineer: Rick Engdahl Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.6	But the point is there is a broad emergent view that the government can and should use its balance sheet to support and spur
0:39.9	the industries that we need and want, either for national security reasons or for other
0:46.6	reasons for the public good.
0:53.2	I'm Mary Long and that's Chris Hughes.
0:57.4	He's a co-founder of Facebook, former Democratic strategist, and now an economic historian.
1:02.8	Most recently, Chris has written the book Market Crafters, the 100-year struggle to shape the American economy.
1:08.8	My colleague, Ricky Mulvey, caught up with Hughes for a conversation
1:11.6	about how the U.S. government has crafted markets throughout modern history
1:15.8	and whether that interference looks a bit different today than it has in the past,
1:20.2	how market craft could apply to sectors like housing and therefore improve the cost of living,
1:25.1	plus what $2 trillion in COVID aid did and didn't do for the American public.
1:37.2	I really enjoyed the book, and for me, it definitely affected the way I view things going on right now and historical events.
1:44.0	I found myself disagreeing with parts.
1:45.6	And you know what, Chris, that's the purpose of a book.
	...

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