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The Dispatch Podcast

Paul Romer Has a Plan

The Dispatch Podcast

The Dispatch

News, Politics

4.63.3K Ratings

🗓️ 15 May 2020

⏱️ 50 minutes

🧾️ Download transcript

Summary

Nobel Prize-winning economist Paul Romer joins Sarah and Steve to discuss his plan to safely and responsibly reopen the U.S. economy amid the coronavirus pandemic. Show Notes: -Roadmap to Responsibly Reopen America Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to a special Friday Dispatch Podcast.

0:03.8

I'm your host Sarah Isger joined by Steve Hayes.

0:07.2

This podcast is brought to you by The Dispatch.

0:10.1

Visit the Dispatch.com to see our full slate of newsletters and podcasts and make sure to

0:14.2

subscribe to this podcast so you never miss an episode.

0:17.8

Today is a real treat for me personally.

0:19.8

We are talking to Nobel Prize winning economist Paul Romer about his plan to reopen the economy

0:25.1

safely amidst the pandemic.

0:27.4

He was the chief economist and senior vice president of the World Bank and is now what

0:31.2

I can only imagine is the favorite professor at New York University's economics department.

0:36.2

I really think you're in for something special today.

0:53.0

Let's dive right in.

0:55.9

Paul Romer, you are the man with a plan.

0:59.1

You have been making the rounds discussing your plan.

1:02.8

Just give us your explanation of your plan to reopen the economy, get people back to work

1:08.3

as an economist.

1:12.3

So I find it it's important when you face a complicated problem to strip things down

1:18.8

to the essence and ask what's the key here?

1:22.9

The key is we've got a small number of people, a few percent of the population who are

1:30.8

infectious and pose a threat to others.

1:34.5

We want to isolate them to keep them from infecting others.

1:39.8

The problem is we don't know who they are.

...

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