WEBVTT - Single Best Idea with Tom Keene: Robert Kaplan & Eddie Fishman

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Single best idea with a book on the back end,

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<v Speaker 2>which is extraordinary. I'll spend some time on that. Robert

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<v Speaker 2>Caplan is a book onto his own with all of

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<v Speaker 2>his experience in business and the NBA tilt at the

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<v Speaker 2>Harvard Business School at Golden Sachs for years now vice

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<v Speaker 2>chairman of Golden Sachs. Robert Caplan of course is president

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<v Speaker 2>former president of the Dallas FED. Given the FED decides

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<v Speaker 2>tomorrow and given we will have a new chairman, Robert

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<v Speaker 2>Kaplan on two percent.

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<v Speaker 3>The FED I don't think should or will or I

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<v Speaker 3>don't think it should abandon the two percent target. Why

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<v Speaker 3>to your point, if headline inflation is running two and

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<v Speaker 3>three quarters to three, if I make fifty or fifty

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<v Speaker 3>five grand a year or least, that's eighty five million workers.

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<v Speaker 3>By the way, my headline inflation rate, sure of wallet,

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<v Speaker 3>might be six or seven or eight. So that's why

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<v Speaker 3>the low modern income workers are getting suffocated. And so

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<v Speaker 3>their problem is that not that they don't have jobs.

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<v Speaker 3>They're employed, but they can't make ends meet. And so

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<v Speaker 3>I think the FED needs to stay on the inflation fight.

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<v Speaker 2>Robert Kaplan, this was just a brilliant interview. I can't

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<v Speaker 2>say enough about how we walked through the so called

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<v Speaker 2>trimmed mean inflation study, of which the Dallas Fed not codified,

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<v Speaker 2>but really advanced and brought forward. It was just a

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<v Speaker 2>wonderful interview. My book of the summers berry Eiken Green's

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<v Speaker 2>book on the History of Currency. It's two hundred sum

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<v Speaker 2>pages and it's really really lovely on a history that

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<v Speaker 2>is trenchant and deep and thoughtful about our worries about

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<v Speaker 2>the US dollar. Another book for the summer is Edward Fishman.

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<v Speaker 2>It's choke points, very popular, much bigger splash than what

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<v Speaker 2>Professor Eiken Greens getting. It's about economic sanctions and it's

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<v Speaker 2>getting truly rave reviews. Here is Edward Fishman of Columbia

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<v Speaker 2>and of the Console unfeign relations on the moment at hand.

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<v Speaker 4>Man, I sure hope so, because it's so important to

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<v Speaker 4>the entire geopolitical stability of Europe and Asia. So I

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<v Speaker 4>do think that NATO is not yet dead. I'm more

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<v Speaker 4>bullish on NATO than I am on globalization. Okay, but look,

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<v Speaker 4>it is under significant strain right now, and I worry

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<v Speaker 4>that given what's happening in Iran. Given what's the increasing

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<v Speaker 4>tensions in the Taiwan Strait, could putin See an opportunity

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<v Speaker 4>to move on one of the Baltic states. What would

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<v Speaker 4>that mean for NATO stability and solidarity?

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<v Speaker 2>Edward Fishman again, Choke Points is the book. I'll be

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<v Speaker 2>making a splash on it here along with the keen

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<v Speaker 2>Green effort here through the summer. But it's really made

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<v Speaker 2>a significant impact here. I can't say enough about it.

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<v Speaker 2>It's on economic sanctions, but much more, it's on the

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<v Speaker 2>death of globalization. We're on podcasts at Apple, at Spotify,

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<v Speaker 2>on YouTube podcasts. It's single best idea