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Hello, everybody. This is Glenn Lowry. You have tuned in to the Glenn Show. You're watching and or

listening. Glenn Lowry here, professor at Brown University, and I'm with Ross Levine, who is a senior

fellow at the Hoover Institution and formerly a professor of finance at

the business school at the University of California, Berkeley. And before that, a professor

of economics and finance at Brown University and my colleague, Ross and I are old friends going

back decades. He's been a guest on the Glenn Show.

In fact, we had some wonderful conversations back during the financial crisis when you helped

us explain the people what was going on with derivatives and all that.

And here we are.

So welcome, Ross, to the Glenn Show.

Welcome back.

Great to see you again.

It's good to see you, too.

You know, I'm not a finance expert, but I mean, I'm an economist,

and I can't help but be alarmed at the radical change in economic policy

that we've seen a company in the Trump administration.

But I wanted to talk to somebody who I thought would be, you know, more granular and be able

to get into more of the kind of details of the implications for markets and how we should be

thinking about it.

So I rang you up and I was so happy that you said, yes.

...