WEBVTT - Single Best Idea with Tom Keene: Barry Eichengreen & Wendy Schiller

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

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<v Speaker 2>It is the heritage of the show which as we

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<v Speaker 2>do market economics, we're worried about economics, finance, investment, all

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<v Speaker 2>the linkages and that flows over into equities, bonds, currencies,

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<v Speaker 2>and commodities. I think I came up with one of

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<v Speaker 2>those phrase, and very decidedly Matthew Winkler, the founder of

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<v Speaker 2>Bloomberg News, came up with the other phrase. I don't

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<v Speaker 2>think I can remember which ones which, but you know,

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<v Speaker 2>there it is. I think equities, bonds, currencies, commodities was

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<v Speaker 2>from Matt Winkler, the founder of Bloomberg News. But the

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<v Speaker 2>point is we very early on figured out there was

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<v Speaker 2>an insatiable interest in smart academics who could communicate this single.

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<v Speaker 2>Best idea is to focus on two of those, and

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<v Speaker 2>two foundational members of what we've done. It really goes

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<v Speaker 2>back to, you know, multiple decades, to the support of

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<v Speaker 2>Kenneth Rogoff of Harvard University, many others, Ed Lazier, the

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<v Speaker 2>late Ed Lazier of Stanford and John Taylor of Stanford

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<v Speaker 2>as well many many others. Megdan Desai over at the

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<v Speaker 2>London School of Economics, but one of the first people

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<v Speaker 2>to climb on board the surveillance bandwagon was Barry Keing Green.

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<v Speaker 2>He is absolutely definitive. At Berkeley, he writes what I

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<v Speaker 2>call dnse, which is, if you get a forty page

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<v Speaker 2>paper from Ikea Green, like his paper that stopped traffic

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<v Speaker 2>at Jackson Hole last summer, it takes you a long

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<v Speaker 2>time to read it because he's so acute, so inward

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<v Speaker 2>that on international economics, there is no comparer. As I

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<v Speaker 2>said today in the show, the only comparing contrast with

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<v Speaker 2>Keen Green on international economics is Douglas Er When at

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<v Speaker 2>Dartmouth College. Of course, you know we did the high

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<v Speaker 2>falutin discussion with professor Iikeer Green, but then we got basic.

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<v Speaker 2>I asked Barry and Green about Chinese electric vehicles.

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<v Speaker 3>Well, I think the Biden administration is attempting to do

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<v Speaker 3>this in order to build up indigenous capacity in the

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<v Speaker 3>United States to evs. I'm not convinced this is a

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<v Speaker 3>good idea. I think it Chinese EV's are still down

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<v Speaker 3>market relative to what we do and what we aspire

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<v Speaker 3>to produce in the US. I think the result of

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<v Speaker 3>these tariffs will be to reroot Chinese evs to Europe

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<v Speaker 3>and European production to the United States. I don't think

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<v Speaker 3>there'll be a major impact on the US in the

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<v Speaker 3>long run. If we're going to be competitive in ev production,

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<v Speaker 3>we're going to have to grow that capacity at home.

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<v Speaker 2>Very ike and green, with too many books to mention.

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<v Speaker 2>His seminal effort pushing thirty years ago now, I believe

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<v Speaker 2>is Golden Fetters, which is definitive on early gold economics.

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<v Speaker 2>It's again a densery, but very important and a definitive

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<v Speaker 2>read for gold and also globalizing capital, which is somewhat

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<v Speaker 2>the history of the international monetary fun We move forward

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<v Speaker 2>to someone who is with us often, not every time,

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<v Speaker 2>but I'll explain who she is. She is Wendy Schiller,

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<v Speaker 2>and she has had prodigious impact in the civics of America.

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<v Speaker 2>Her textbooks are not history but almost civics lessons for

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<v Speaker 2>a good part of America. She's hugely successful in the

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<v Speaker 2>publishing industry and provides a high energy effort at Brownie University.

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<v Speaker 2>Brown announced this week that they will establish some form

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<v Speaker 2>of graduate level school of International Relations. They have wisely

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<v Speaker 2>selected as interim share of their new Brown University effort.

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<v Speaker 2>Wendy Schiller. I was crushed. I was certain we were

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<v Speaker 2>going to lose Shiller from Bloomberg surveillance.

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<v Speaker 1>Wanted the job. It's very exciting for Brown. So we're

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<v Speaker 1>really excited to be a place that will be producing

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<v Speaker 1>not only great undergraduates, but producing we already do Masters

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<v Speaker 1>of public fair students and being a player in trying

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<v Speaker 1>to influence policy outcomes.

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<v Speaker 2>We're on our way.

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<v Speaker 3>You're on.

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<v Speaker 2>You're very very exciting.

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<v Speaker 1>Just and I can still do Bloomberg. And you could

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<v Speaker 1>negotiated in the agreement with them that I could still

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<v Speaker 1>do Bloomberg.

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<v Speaker 2>Very good. That's a key item right there, a negotiating

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<v Speaker 2>point that she could still come on here. Thank god

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<v Speaker 2>for that. Wendy Schiller of Brown University. She went on

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<v Speaker 2>to talk about this is before we heard that the

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<v Speaker 2>president will travel to France, but we talked to Professor

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<v Speaker 2>Schiller about the great challenges of our political system. Paul

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<v Speaker 2>Sweeney had some great questions on the trial unfolding downtown,

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<v Speaker 2>the jury deliberation. Maybe by the time you hear this,

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<v Speaker 2>there'll be some form of jury agreement. But David Gurra

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<v Speaker 2>is downtown and June Grosso really was a value added

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<v Speaker 2>today with her truly encyclopedic effort on American law June Grosso,

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<v Speaker 2>look for that on Bloomberg Laws. Absolutely iconic at Bloomberger

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<v Speaker 2>late evening, say early evening effort across all of our

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<v Speaker 2>Bloomberg platforms. We're on Apple car Play, We're on Android,

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<v Speaker 2>on YouTube, growing every day. Thank you so much for

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<v Speaker 2>the YouTube love. The live chat is just on fire,

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<v Speaker 2>really can be very informative at times. You can subscribe

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<v Speaker 2>to Bloomberg Podcasts on YouTube. That's the quickest way to

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<v Speaker 2>get there. You can search Bloomberg Podcasts and you'll find

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<v Speaker 2>us there three hours live and we do a replay

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<v Speaker 2>of the show. You'll see that three four hours later

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<v Speaker 2>as well. But all the other work, including June Grosso

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<v Speaker 2>and Bloomberg Law, Bloomberg Daybreak, I should mention with Nathan

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<v Speaker 2>Hager and Karen Moscow as well on Apple podcasts. This

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<v Speaker 2>is single best idea

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<v Speaker 3>Ten