1 00:00:02,400 --> 00:00:11,080 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:14,200 --> 00:00:16,040 Speaker 2: It is the heritage of the show which as we 3 00:00:16,079 --> 00:00:19,480 Speaker 2: do market economics, we're worried about economics, finance, investment, all 4 00:00:19,480 --> 00:00:23,880 Speaker 2: the linkages and that flows over into equities, bonds, currencies, 5 00:00:23,880 --> 00:00:26,680 Speaker 2: and commodities. I think I came up with one of 6 00:00:26,680 --> 00:00:29,560 Speaker 2: those phrase, and very decidedly Matthew Winkler, the founder of 7 00:00:29,560 --> 00:00:31,880 Speaker 2: Bloomberg News, came up with the other phrase. I don't 8 00:00:31,880 --> 00:00:34,760 Speaker 2: think I can remember which ones which, but you know, 9 00:00:34,800 --> 00:00:38,400 Speaker 2: there it is. I think equities, bonds, currencies, commodities was 10 00:00:38,440 --> 00:00:41,680 Speaker 2: from Matt Winkler, the founder of Bloomberg News. But the 11 00:00:41,720 --> 00:00:45,040 Speaker 2: point is we very early on figured out there was 12 00:00:45,080 --> 00:00:51,800 Speaker 2: an insatiable interest in smart academics who could communicate this single. 13 00:00:51,840 --> 00:00:55,200 Speaker 2: Best idea is to focus on two of those, and 14 00:00:55,240 --> 00:00:59,040 Speaker 2: two foundational members of what we've done. It really goes 15 00:00:59,120 --> 00:01:02,520 Speaker 2: back to, you know, multiple decades, to the support of 16 00:01:02,600 --> 00:01:07,360 Speaker 2: Kenneth Rogoff of Harvard University, many others, Ed Lazier, the 17 00:01:07,440 --> 00:01:11,880 Speaker 2: late Ed Lazier of Stanford and John Taylor of Stanford 18 00:01:11,920 --> 00:01:15,399 Speaker 2: as well many many others. Megdan Desai over at the 19 00:01:15,440 --> 00:01:18,639 Speaker 2: London School of Economics, but one of the first people 20 00:01:18,680 --> 00:01:23,039 Speaker 2: to climb on board the surveillance bandwagon was Barry Keing Green. 21 00:01:23,160 --> 00:01:27,120 Speaker 2: He is absolutely definitive. At Berkeley, he writes what I 22 00:01:27,200 --> 00:01:29,639 Speaker 2: call dnse, which is, if you get a forty page 23 00:01:29,640 --> 00:01:33,040 Speaker 2: paper from Ikea Green, like his paper that stopped traffic 24 00:01:33,080 --> 00:01:35,840 Speaker 2: at Jackson Hole last summer, it takes you a long 25 00:01:35,880 --> 00:01:39,880 Speaker 2: time to read it because he's so acute, so inward 26 00:01:40,560 --> 00:01:44,360 Speaker 2: that on international economics, there is no comparer. As I 27 00:01:44,400 --> 00:01:47,600 Speaker 2: said today in the show, the only comparing contrast with 28 00:01:47,800 --> 00:01:51,080 Speaker 2: Keen Green on international economics is Douglas Er When at 29 00:01:51,120 --> 00:01:54,680 Speaker 2: Dartmouth College. Of course, you know we did the high 30 00:01:54,680 --> 00:01:58,680 Speaker 2: falutin discussion with professor Iikeer Green, but then we got basic. 31 00:01:58,840 --> 00:02:03,480 Speaker 2: I asked Barry and Green about Chinese electric vehicles. 32 00:02:03,640 --> 00:02:06,440 Speaker 3: Well, I think the Biden administration is attempting to do 33 00:02:06,520 --> 00:02:10,920 Speaker 3: this in order to build up indigenous capacity in the 34 00:02:11,040 --> 00:02:15,280 Speaker 3: United States to evs. I'm not convinced this is a 35 00:02:15,280 --> 00:02:20,280 Speaker 3: good idea. I think it Chinese EV's are still down 36 00:02:20,360 --> 00:02:24,400 Speaker 3: market relative to what we do and what we aspire 37 00:02:24,480 --> 00:02:27,600 Speaker 3: to produce in the US. I think the result of 38 00:02:27,639 --> 00:02:31,880 Speaker 3: these tariffs will be to reroot Chinese evs to Europe 39 00:02:31,919 --> 00:02:35,520 Speaker 3: and European production to the United States. I don't think 40 00:02:35,560 --> 00:02:38,560 Speaker 3: there'll be a major impact on the US in the 41 00:02:38,560 --> 00:02:42,200 Speaker 3: long run. If we're going to be competitive in ev production, 42 00:02:42,280 --> 00:02:45,080 Speaker 3: we're going to have to grow that capacity at home. 43 00:02:45,560 --> 00:02:47,560 Speaker 2: Very ike and green, with too many books to mention. 44 00:02:47,880 --> 00:02:51,680 Speaker 2: His seminal effort pushing thirty years ago now, I believe 45 00:02:51,800 --> 00:02:56,440 Speaker 2: is Golden Fetters, which is definitive on early gold economics. 46 00:02:57,120 --> 00:03:00,560 Speaker 2: It's again a densery, but very important and a definitive 47 00:03:00,600 --> 00:03:04,359 Speaker 2: read for gold and also globalizing capital, which is somewhat 48 00:03:04,360 --> 00:03:09,280 Speaker 2: the history of the international monetary fun We move forward 49 00:03:09,320 --> 00:03:12,480 Speaker 2: to someone who is with us often, not every time, 50 00:03:12,520 --> 00:03:16,400 Speaker 2: but I'll explain who she is. She is Wendy Schiller, 51 00:03:17,080 --> 00:03:21,720 Speaker 2: and she has had prodigious impact in the civics of America. 52 00:03:22,280 --> 00:03:28,080 Speaker 2: Her textbooks are not history but almost civics lessons for 53 00:03:28,200 --> 00:03:31,200 Speaker 2: a good part of America. She's hugely successful in the 54 00:03:31,240 --> 00:03:37,240 Speaker 2: publishing industry and provides a high energy effort at Brownie University. 55 00:03:37,800 --> 00:03:41,440 Speaker 2: Brown announced this week that they will establish some form 56 00:03:41,480 --> 00:03:46,160 Speaker 2: of graduate level school of International Relations. They have wisely 57 00:03:46,640 --> 00:03:52,760 Speaker 2: selected as interim share of their new Brown University effort. 58 00:03:53,240 --> 00:03:57,200 Speaker 2: Wendy Schiller. I was crushed. I was certain we were 59 00:03:57,200 --> 00:03:59,680 Speaker 2: going to lose Shiller from Bloomberg surveillance. 60 00:04:00,160 --> 00:04:04,320 Speaker 1: Wanted the job. It's very exciting for Brown. So we're 61 00:04:04,360 --> 00:04:07,720 Speaker 1: really excited to be a place that will be producing 62 00:04:07,720 --> 00:04:10,960 Speaker 1: not only great undergraduates, but producing we already do Masters 63 00:04:11,000 --> 00:04:14,440 Speaker 1: of public fair students and being a player in trying 64 00:04:14,480 --> 00:04:15,960 Speaker 1: to influence policy outcomes. 65 00:04:16,600 --> 00:04:17,400 Speaker 2: We're on our way. 66 00:04:17,920 --> 00:04:18,160 Speaker 3: You're on. 67 00:04:18,279 --> 00:04:19,680 Speaker 2: You're very very exciting. 68 00:04:19,800 --> 00:04:22,440 Speaker 1: Just and I can still do Bloomberg. And you could 69 00:04:23,360 --> 00:04:26,280 Speaker 1: negotiated in the agreement with them that I could still 70 00:04:26,320 --> 00:04:26,839 Speaker 1: do Bloomberg. 71 00:04:27,200 --> 00:04:31,080 Speaker 2: Very good. That's a key item right there, a negotiating 72 00:04:31,120 --> 00:04:33,160 Speaker 2: point that she could still come on here. Thank god 73 00:04:33,200 --> 00:04:36,360 Speaker 2: for that. Wendy Schiller of Brown University. She went on 74 00:04:36,400 --> 00:04:38,400 Speaker 2: to talk about this is before we heard that the 75 00:04:38,400 --> 00:04:41,680 Speaker 2: president will travel to France, but we talked to Professor 76 00:04:41,720 --> 00:04:45,520 Speaker 2: Schiller about the great challenges of our political system. Paul 77 00:04:45,520 --> 00:04:49,560 Speaker 2: Sweeney had some great questions on the trial unfolding downtown, 78 00:04:49,600 --> 00:04:52,160 Speaker 2: the jury deliberation. Maybe by the time you hear this, 79 00:04:52,760 --> 00:04:57,039 Speaker 2: there'll be some form of jury agreement. But David Gurra 80 00:04:57,279 --> 00:04:59,960 Speaker 2: is downtown and June Grosso really was a value added 81 00:05:00,080 --> 00:05:06,960 Speaker 2: today with her truly encyclopedic effort on American law June Grosso, 82 00:05:07,080 --> 00:05:10,520 Speaker 2: look for that on Bloomberg Laws. Absolutely iconic at Bloomberger 83 00:05:11,000 --> 00:05:15,360 Speaker 2: late evening, say early evening effort across all of our 84 00:05:15,360 --> 00:05:19,560 Speaker 2: Bloomberg platforms. We're on Apple car Play, We're on Android, 85 00:05:19,600 --> 00:05:22,919 Speaker 2: on YouTube, growing every day. Thank you so much for 86 00:05:23,040 --> 00:05:26,040 Speaker 2: the YouTube love. The live chat is just on fire, 87 00:05:26,200 --> 00:05:31,200 Speaker 2: really can be very informative at times. You can subscribe 88 00:05:31,800 --> 00:05:34,760 Speaker 2: to Bloomberg Podcasts on YouTube. That's the quickest way to 89 00:05:34,800 --> 00:05:38,479 Speaker 2: get there. You can search Bloomberg Podcasts and you'll find 90 00:05:38,560 --> 00:05:41,160 Speaker 2: us there three hours live and we do a replay 91 00:05:41,160 --> 00:05:43,200 Speaker 2: of the show. You'll see that three four hours later 92 00:05:43,839 --> 00:05:46,760 Speaker 2: as well. But all the other work, including June Grosso 93 00:05:46,839 --> 00:05:49,839 Speaker 2: and Bloomberg Law, Bloomberg Daybreak, I should mention with Nathan 94 00:05:49,880 --> 00:05:54,880 Speaker 2: Hager and Karen Moscow as well on Apple podcasts. This 95 00:05:55,040 --> 00:06:01,240 Speaker 2: is single best idea 96 00:06:03,680 --> 00:06:03,920 Speaker 3: Ten