Surveillance: Feldstein Foresees Capital Inflows if Tax Bill Passes
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 December 2017
⏱️ 33 minutes
🧾️ Download transcript
Summary
Martin Feldstein, Harvard University George F. Baker Professor of Economics, says now is the time for tax reform because the politics are right. Henry Olsen, EPPC Senior Fellow, says President Trump needs to recover his populist mojo. Matt Hornbach, Morgan Stanley Global Head of Interest Rates Strategy, says it's time for the next bond market phase. Michael Chui, McKinsey & Co. Senior Fellow, says there is enough work for people to do, even with the increased use of robots.
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| 0:24.6 | dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, and international |
| 0:48.9 | relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.7 | Why don't you bring in Professor Feldstein? |
| 1:03.0 | Let's do that. |
| 1:04.0 | Professor of Economics at Harvard University, of course, the former chairman of the Council of Economic |
| 1:08.1 | Advisors and the chief economic advisor to President Ronald Reagan. |
| 1:12.2 | Professor Feldstein, joining us around a table. |
| 1:14.0 | Professor, good to catch up with you. |
| 1:16.0 | It's been a while. |
| 1:17.4 | Why is deficit spending a good idea when we're going to get payrolls on Friday |
| 1:21.2 | and unemployment around 4%. |
| 1:23.2 | Deficit spending is not a good idea, it's never a good idea, but the impact of the corporate |
| 1:31.2 | tax reform outweighs the adverse effects this time around of the increase in the deficit. |
| 1:37.0 | So I think as a package it's a deal worth having. |
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