Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea with a book on the back end,
Speaker 2: which is extraordinary. I'll spend some time on that. Robert
Speaker 2: Caplan is a book onto his own with all of
Speaker 2: his experience in business and the NBA tilt at the
Speaker 2: Harvard Business School at Golden Sachs for years now vice
Speaker 2: chairman of Golden Sachs. Robert Caplan of course is president
Speaker 2: former president of the Dallas FED. Given the FED decides
Speaker 2: tomorrow and given we will have a new chairman, Robert
Speaker 2: Kaplan on two percent.
Speaker 3: The FED I don't think should or will or I
Speaker 3: don't think it should abandon the two percent target. Why
Speaker 3: to your point, if headline inflation is running two and
Speaker 3: three quarters to three, if I make fifty or fifty
Speaker 3: five grand a year or least, that's eighty five million workers.
Speaker 3: By the way, my headline inflation rate, sure of wallet,
Speaker 3: might be six or seven or eight. So that's why
Speaker 3: the low modern income workers are getting suffocated. And so
Speaker 3: their problem is that not that they don't have jobs.
Speaker 3: They're employed, but they can't make ends meet. And so
Speaker 3: I think the FED needs to stay on the inflation fight.
Speaker 2: Robert Kaplan, this was just a brilliant interview. I can't
Speaker 2: say enough about how we walked through the so called
Speaker 2: trimmed mean inflation study, of which the Dallas Fed not codified,
Speaker 2: but really advanced and brought forward. It was just a
Speaker 2: wonderful interview. My book of the summers berry Eiken Green's
Speaker 2: book on the History of Currency. It's two hundred sum
Speaker 2: pages and it's really really lovely on a history that
Speaker 2: is trenchant and deep and thoughtful about our worries about
Speaker 2: the US dollar. Another book for the summer is Edward Fishman.
Speaker 2: It's choke points, very popular, much bigger splash than what
Speaker 2: Professor Eiken Greens getting. It's about economic sanctions and it's
Speaker 2: getting truly rave reviews. Here is Edward Fishman of Columbia
Speaker 2: and of the Console unfeign relations on the moment at hand.
Speaker 4: Man, I sure hope so, because it's so important to
Speaker 4: the entire geopolitical stability of Europe and Asia. So I
Speaker 4: do think that NATO is not yet dead. I'm more
Speaker 4: bullish on NATO than I am on globalization. Okay, but look,
Speaker 4: it is under significant strain right now, and I worry
Speaker 4: that given what's happening in Iran. Given what's the increasing
Speaker 4: tensions in the Taiwan Strait, could putin See an opportunity
Speaker 4: to move on one of the Baltic states. What would
Speaker 4: that mean for NATO stability and solidarity?
Speaker 2: Edward Fishman again, Choke Points is the book. I'll be
Speaker 2: making a splash on it here along with the keen
Speaker 2: Green effort here through the summer. But it's really made
Speaker 2: a significant impact here. I can't say enough about it.
Speaker 2: It's on economic sanctions, but much more, it's on the
Speaker 2: death of globalization. We're on podcasts at Apple, at Spotify,
Speaker 2: on YouTube podcasts. It's single best idea