WEBVTT - MIT Professors Simon Johnson & Elisabeth Reynolds Talk the future of America's Tech Leadership

0:00:02.520 --> 0:00:07.080
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:07.360 --> 0:00:09.680
<v Speaker 2>This is a joy. My book of the summer is

0:00:09.720 --> 0:00:12.440
<v Speaker 2>a guy out at Berkeley. That's a school Simon out

0:00:12.480 --> 0:00:14.040
<v Speaker 2>in the West. I don't know if you've heard of it.

0:00:14.120 --> 0:00:17.840
<v Speaker 2>Barry chen Green with a wonderful book on that currency.

0:00:18.360 --> 0:00:22.360
<v Speaker 2>But this is the cool book at the beach. Like,

0:00:22.520 --> 0:00:26.079
<v Speaker 2>if you're looking for a man in finance six', five

0:00:26.520 --> 0:00:29.040
<v Speaker 2>you're out in The. Hampton's you need a book that

0:00:29.080 --> 0:00:32.680
<v Speaker 2>you're going. To it's. Slim it's a fabulous must read

0:00:32.680 --> 0:00:37.159
<v Speaker 2>of one hundred and forty. Pages Elizabeth reynolds With Simon

0:00:37.280 --> 0:00:40.720
<v Speaker 2>johnson and they join us now from The Massachusetts institute Of.

0:00:40.760 --> 0:00:44.519
<v Speaker 2>TECHNOLOGIES i can't say enough about the directness of. That

0:00:44.760 --> 0:00:47.600
<v Speaker 2>what's it like dealing with a forward from A nobel,

0:00:47.680 --> 0:00:49.000
<v Speaker 2>Laureate like do you edit?

0:00:49.120 --> 0:00:50.839
<v Speaker 3>Him you?

0:00:50.920 --> 0:00:52.600
<v Speaker 4>Know, cautiously very.

0:00:52.640 --> 0:00:57.480
<v Speaker 2>CAUTIOUSLY i look at the technology here and it's affecting every,

0:00:57.560 --> 0:01:02.680
<v Speaker 2>listener every person's. Life what's the priority technology right now

0:01:03.080 --> 0:01:05.800
<v Speaker 2>for people not enjoying the technology.

0:01:05.920 --> 0:01:09.240
<v Speaker 3>Juggernaut, well we in.

0:01:09.240 --> 0:01:11.880
<v Speaker 4>The book point to six different technologies that we think

0:01:11.920 --> 0:01:15.039
<v Speaker 4>are really. Important obviously there are. MORE i would start

0:01:15.080 --> 0:01:18.039
<v Speaker 4>with some of the foundational, Technologies so the critical minerals

0:01:18.080 --> 0:01:21.880
<v Speaker 4>that go into all of our, products including. Semiconductors semiconductors

0:01:21.880 --> 0:01:24.639
<v Speaker 4>in our we talk about as the oxygen of the modern.

0:01:24.680 --> 0:01:27.759
<v Speaker 4>Economy so those are two of the technologies we talk,

0:01:27.760 --> 0:01:29.240
<v Speaker 4>about but we also talk about advanced.

0:01:29.240 --> 0:01:34.520
<v Speaker 2>Manufacturing are you surprised that the technology juggernaut semi conductors

0:01:34.600 --> 0:01:37.760
<v Speaker 2>is in the price is in a pricing, moonshot like

0:01:37.840 --> 0:01:41.560
<v Speaker 2>the costpy is straight? Up semi conductors are straight. Up

0:01:41.640 --> 0:01:42.840
<v Speaker 2>were you taken aback by?

0:01:42.880 --> 0:01:46.760
<v Speaker 4>That not? PARTICULARLY i think we see the writing on

0:01:46.800 --> 0:01:49.720
<v Speaker 4>the wall in terms of the, demand particularly with data,

0:01:49.720 --> 0:01:53.600
<v Speaker 4>centers et. Cetera so the strategy to build more capacity

0:01:53.640 --> 0:01:55.280
<v Speaker 4>in THE US i think is going to pay.

0:01:55.280 --> 0:01:58.320
<v Speaker 5>Off, Simon do you think THE us, Government, well first of,

0:01:58.320 --> 0:02:00.480
<v Speaker 5>all the markets are trying to figure out WHAT ai

0:02:00.680 --> 0:02:02.560
<v Speaker 5>is on a daily. Basis IF i weren't for this

0:02:02.600 --> 0:02:04.880
<v Speaker 5>war In, iran that would be front and center as

0:02:04.880 --> 0:02:07.280
<v Speaker 5>it has been for three. Years do you think THE

0:02:07.400 --> 0:02:12.560
<v Speaker 5>us government has an industrial policy for technology for some

0:02:12.639 --> 0:02:15.160
<v Speaker 5>of these critical issues that you guys hold, Out.

0:02:15.639 --> 0:02:19.440
<v Speaker 1>Well they certainly have something that has industrial policy. ELEMENTS

0:02:19.600 --> 0:02:23.360
<v Speaker 1>i think it's a bit random and not sufficiently. COHERENT

0:02:24.240 --> 0:02:25.919
<v Speaker 1>i think they're also having to rethink it in a

0:02:26.000 --> 0:02:28.640
<v Speaker 1>hurry because of What anthropic has just shown. Them so

0:02:28.680 --> 0:02:30.880
<v Speaker 1>they realize that just sitting back and let the market

0:02:30.919 --> 0:02:33.079
<v Speaker 1>decide is not great if all your cybersecurity is on the.

0:02:33.080 --> 0:02:37.160
<v Speaker 5>Line And, elizabeth it seems once again that THE us

0:02:37.240 --> 0:02:40.720
<v Speaker 5>is leading. HERE i look To, EUROPE i see. NOTHING

0:02:40.880 --> 0:02:42.520
<v Speaker 5>i look To, ASIA i do see some very good

0:02:42.520 --> 0:02:45.239
<v Speaker 5>technology coming out Of. China, well once again it seems

0:02:45.240 --> 0:02:48.400
<v Speaker 5>to be THE us is on the cutting edge of

0:02:48.480 --> 0:02:52.720
<v Speaker 5>some of THESE ai and other, technologies AND i think

0:02:52.880 --> 0:02:55.120
<v Speaker 5>historically that's because we've had a very light touch from the.

0:02:55.160 --> 0:02:57.000
<v Speaker 3>Government how do you expect that to go.

0:02:57.040 --> 0:02:59.160
<v Speaker 5>Forward do you expect THE us to continue to be a.

0:02:59.160 --> 0:03:00.640
<v Speaker 3>Leader here or is that not a?

0:03:00.680 --> 0:03:00.960
<v Speaker 2>Given?

0:03:01.400 --> 0:03:04.440
<v Speaker 4>WELL i think certainly AN ai we're seeing all the

0:03:05.400 --> 0:03:09.200
<v Speaker 4>benefits of THE us ecosystem playing. Out but As simon AND,

0:03:09.240 --> 0:03:13.440
<v Speaker 4>i you, know have, written winning THE ai race is not, enough,

0:03:13.840 --> 0:03:17.079
<v Speaker 4>right it's how you apply THE ai across technologies that.

0:03:17.200 --> 0:03:20.200
<v Speaker 4>Matter and that's where actually we see The chinese are

0:03:20.320 --> 0:03:24.160
<v Speaker 4>very strong on the implementation and on the, adoption and

0:03:24.200 --> 0:03:25.320
<v Speaker 4>that's WHERE i think we need to.

0:03:25.320 --> 0:03:28.160
<v Speaker 2>Be and This monday Across, America Elizabeth reynolds is with

0:03:28.280 --> 0:03:32.200
<v Speaker 2>us in The Massachusetts institute Of. Technology The ford Is Simon.

0:03:32.480 --> 0:03:36.840
<v Speaker 2>Johnson of, course you, know The Nobel prize winner this

0:03:36.960 --> 0:03:39.200
<v Speaker 2>year for any number of good. Things AND i have

0:03:39.320 --> 0:03:43.320
<v Speaker 2>stated many many times over the years the most singular

0:03:43.440 --> 0:03:47.200
<v Speaker 2>pressient person on the financial crisis THAT i. Know we'll

0:03:47.200 --> 0:03:49.440
<v Speaker 2>talk about that in a, Bit, simon why did you

0:03:49.480 --> 0:03:52.120
<v Speaker 2>get behind this? BOOK i, mean you can do anything

0:03:52.160 --> 0:03:53.960
<v Speaker 2>you want if you're going to fix the red, Sox

0:03:54.240 --> 0:03:57.400
<v Speaker 2>i'm told In, June but why did you get behind this?

0:03:57.440 --> 0:03:59.560
<v Speaker 1>Book more good, Jobs, Tom that's what we. NEED i

0:03:59.600 --> 0:04:01.560
<v Speaker 1>think that's what's going wrong with this democracy is that

0:04:01.600 --> 0:04:04.920
<v Speaker 1>we haven't delivered For Middle, america middle, skills middle, education

0:04:05.200 --> 0:04:05.640
<v Speaker 1>middle of the.

0:04:05.640 --> 0:04:07.640
<v Speaker 3>Country. Geographically we lost.

0:04:07.680 --> 0:04:10.560
<v Speaker 2>It it feels like it's not everybody can learn, calculus

0:04:10.720 --> 0:04:13.480
<v Speaker 2>not everybody can Learn. Claude, right, yeah, right.

0:04:13.480 --> 0:04:16.080
<v Speaker 1>Absolutely so there's a lot of jobs that require different

0:04:16.120 --> 0:04:18.520
<v Speaker 1>kind of coulfnur, abilities different kind of manual. Abilities that's

0:04:18.560 --> 0:04:20.240
<v Speaker 1>what we used to have in. MANUFACTURING i don't think

0:04:20.279 --> 0:04:22.799
<v Speaker 1>you can bring back the jobs in traditional, manufacturing although that's.

0:04:22.800 --> 0:04:23.960
<v Speaker 3>Going to be, automated is already being.

0:04:24.000 --> 0:04:26.239
<v Speaker 1>Automated but you can own the frontier you can push

0:04:26.240 --> 0:04:28.480
<v Speaker 1>hard on the, frontier and the frontier of technology will

0:04:28.480 --> 0:04:29.160
<v Speaker 1>deliver more good.

0:04:29.240 --> 0:04:33.400
<v Speaker 5>JOBS i think the discussion OF ai has overshadowed something

0:04:33.400 --> 0:04:36.560
<v Speaker 5>that people were talking about and, saying boy, this we

0:04:36.720 --> 0:04:39.520
<v Speaker 5>better get this, right and that is quantum. Computing what

0:04:39.560 --> 0:04:41.120
<v Speaker 5>does that mean to you, guys and how do you

0:04:41.160 --> 0:04:41.880
<v Speaker 5>guys look at it?

0:04:42.440 --> 0:04:44.840
<v Speaker 4>Right so quantum is one of the chapters that our

0:04:44.880 --> 0:04:50.800
<v Speaker 4>Colleagues Will oliver And Jonathan royne Wrote quantum, is you,

0:04:50.839 --> 0:04:54.839
<v Speaker 4>know the next frontier and opens, up you, know billions

0:04:54.839 --> 0:04:58.200
<v Speaker 4>of dollars of, opportunity not just for defense and encryption,

0:04:58.279 --> 0:05:02.040
<v Speaker 4>issues but also across all sorts of applications and financial

0:05:02.040 --> 0:05:05.880
<v Speaker 4>services and. Biopharma and what we hear from our colleagues

0:05:06.040 --> 0:05:09.160
<v Speaker 4>is the big risk for THE us is some kind

0:05:09.160 --> 0:05:13.240
<v Speaker 4>of quantum. Winter that what quantum really requires right now

0:05:13.360 --> 0:05:16.280
<v Speaker 4>is continued investment and the science and. Technology and it's

0:05:16.320 --> 0:05:17.479
<v Speaker 4>not just the, science it's also the.

0:05:17.480 --> 0:05:20.800
<v Speaker 2>Engineering two heavyweights for, this. Folks did you see this

0:05:20.839 --> 0:05:24.320
<v Speaker 2>weekend somebody at a private, survey like a real survey

0:05:24.360 --> 0:05:27.599
<v Speaker 2>of fancy schools and the number one school was on

0:05:27.640 --> 0:05:31.440
<v Speaker 2>The Charles river In boston and they don't have a football. Team,

0:05:31.680 --> 0:05:34.719
<v Speaker 2>yeah it was. Amazing M i t came in number,

0:05:34.760 --> 0:05:37.719
<v Speaker 2>one which was. Great WHAT i love about this Is

0:05:37.720 --> 0:05:42.520
<v Speaker 2>elizabeth footnotes. Throughout here's A johnson Footnote baker And. Johnson

0:05:42.960 --> 0:05:46.839
<v Speaker 2>will THE us continue to dominate? Science most of our

0:05:46.880 --> 0:05:50.520
<v Speaker 2>listeners and viewers question, that are we at risk of

0:05:50.640 --> 0:05:51.679
<v Speaker 2>losing our? Science?

0:05:51.839 --> 0:05:54.240
<v Speaker 1>Yes, absolutely, well not losing our, science but losing our

0:05:54.320 --> 0:05:57.960
<v Speaker 1>leadership to that's two To. China china has come up

0:05:58.000 --> 0:05:59.600
<v Speaker 1>a long way in the past twenty Five, Yes china's

0:05:59.640 --> 0:06:01.440
<v Speaker 1>running now connect WITH us and a lot of these

0:06:01.440 --> 0:06:02.760
<v Speaker 1>frontier technology.

0:06:02.360 --> 0:06:05.880
<v Speaker 2>They're doing legit research like AT, mit like, it Cal

0:06:06.000 --> 0:06:07.280
<v Speaker 2>tech like, it the. Others. Yes.

0:06:07.320 --> 0:06:09.760
<v Speaker 1>Absolutely our expert friends Include rafael rifle, or president OF,

0:06:09.839 --> 0:06:12.479
<v Speaker 1>mit looked at that technologies in great detail and they

0:06:12.520 --> 0:06:14.279
<v Speaker 1>come away impressed that now they're not in the lead,

0:06:14.360 --> 0:06:15.680
<v Speaker 1>yet but they're running neck and neck.

0:06:15.520 --> 0:06:17.240
<v Speaker 3>With, us AND i think this is a very real

0:06:17.279 --> 0:06:18.120
<v Speaker 3>threat that we need to take.

0:06:18.120 --> 0:06:21.400
<v Speaker 5>Seriously So simon going to that, point Since World War,

0:06:21.480 --> 0:06:23.960
<v Speaker 5>two one could, argue this is HOW i understand it

0:06:24.040 --> 0:06:26.400
<v Speaker 5>that some of the technological leadership that THE us has

0:06:26.400 --> 0:06:29.600
<v Speaker 5>had has been a public private. Partnership THE us government

0:06:29.960 --> 0:06:33.240
<v Speaker 5>and universities such AS mit and My duke and you

0:06:33.520 --> 0:06:35.440
<v Speaker 5>do it, together and that's where the great medicines come.

0:06:35.440 --> 0:06:38.520
<v Speaker 5>From that's where the great technologies come. From how much

0:06:38.600 --> 0:06:39.600
<v Speaker 5>is that at risk right?

0:06:39.640 --> 0:06:41.400
<v Speaker 3>Now, OH i think it's very much at. RISK i

0:06:41.440 --> 0:06:42.160
<v Speaker 3>think it's been called into.

0:06:42.240 --> 0:06:45.359
<v Speaker 1>Question the funding is obviously down roughly speaking ten percent

0:06:45.400 --> 0:06:47.440
<v Speaker 1>in terms of impact on the flow of graduate. Students

0:06:47.600 --> 0:06:49.920
<v Speaker 1>one new graduate student who doesn't go to school now

0:06:50.400 --> 0:06:53.000
<v Speaker 1>is a loss of, innovation a loss of new companies

0:06:53.000 --> 0:06:55.400
<v Speaker 1>down the, road because once they've been in school for a, five, six,

0:06:55.480 --> 0:06:58.440
<v Speaker 1>seven eight, years they become extremely, knowledgeable they very.

0:06:58.480 --> 0:07:00.960
<v Speaker 3>Specialized they know where the opportunity these. Are they set up.

0:07:01.000 --> 0:07:02.799
<v Speaker 1>Companies the post docs are some of the most productive

0:07:02.800 --> 0:07:05.720
<v Speaker 1>people in terms of generating new companies and new. Jobs

0:07:05.880 --> 0:07:08.080
<v Speaker 1>so we're going to we're losing all of that, already

0:07:08.320 --> 0:07:11.480
<v Speaker 1>and the trajectory is not positive at this particular.

0:07:11.480 --> 0:07:13.320
<v Speaker 3>Moment is there a fix?

0:07:13.400 --> 0:07:17.080
<v Speaker 5>There From MIT's, PERSPECTIVE i, mean is It i'm guessing

0:07:17.360 --> 0:07:20.600
<v Speaker 5>the taser the world and everybody's got to adapt somehow.

0:07:21.440 --> 0:07:24.720
<v Speaker 4>WELL i think there's, adaption but there's also. CHECKING i

0:07:24.760 --> 0:07:27.760
<v Speaker 4>think some of the bad policies and steps we've, seen

0:07:27.840 --> 0:07:31.400
<v Speaker 4>so cutting back on funding not. Great the uncertainty not.

0:07:31.480 --> 0:07:33.520
<v Speaker 4>Great throwing sand in the gears not. Great and then

0:07:33.560 --> 0:07:38.040
<v Speaker 4>immigration policy THAT i think is essentially trying putting at

0:07:38.080 --> 0:07:40.160
<v Speaker 4>bay a lot of the best. Talent, well, look mean

0:07:40.200 --> 0:07:40.440
<v Speaker 4>this is.

0:07:40.440 --> 0:07:42.760
<v Speaker 2>Critical this came up like eight times this week and

0:07:42.880 --> 0:07:46.520
<v Speaker 2>including good Morning Bard college up The Hudson. River fabulous

0:07:46.520 --> 0:07:49.840
<v Speaker 2>time There friday at The Levy. INSTITUTE i, mean as

0:07:49.840 --> 0:07:52.240
<v Speaker 2>simple AS i can do you look at the immigration

0:07:52.480 --> 0:07:56.400
<v Speaker 2>realities of twenty twenty. Six is, reversible, Simon.

0:07:57.080 --> 0:07:57.840
<v Speaker 3>Yes they can be.

0:07:57.920 --> 0:08:01.400
<v Speaker 1>Reversed we can understand again as we used to, understand

0:08:01.640 --> 0:08:04.440
<v Speaker 1>that letting foreign graduate students into THE us is important

0:08:04.440 --> 0:08:06.920
<v Speaker 1>for our national. Security that's how you race With china

0:08:07.200 --> 0:08:09.360
<v Speaker 1>in terms of. Talent china has one point four billion,

0:08:09.360 --> 0:08:10.560
<v Speaker 1>people as you, know but we have the rest of

0:08:10.560 --> 0:08:12.840
<v Speaker 1>the world if we let the talented people, in which

0:08:12.880 --> 0:08:15.280
<v Speaker 1>is what we did in the nineteen fifties sixties After,

0:08:15.280 --> 0:08:18.440
<v Speaker 1>sputnik A National Defense Education act put money into Educating.

0:08:18.440 --> 0:08:21.440
<v Speaker 1>Americans that's. Complimentary you're letting in the foreign graduate. Students

0:08:21.480 --> 0:08:23.800
<v Speaker 1>of COURSE i was a foreign graduate, student so that's.

0:08:23.800 --> 0:08:27.200
<v Speaker 2>Declear Spot mick is a personal thing of the. Family

0:08:27.280 --> 0:08:30.000
<v Speaker 2>and you know the skunk works at ninety and all, That.

0:08:30.160 --> 0:08:32.800
<v Speaker 2>Elizabeth can we have a Spot nick? Moment can we

0:08:32.840 --> 0:08:35.839
<v Speaker 2>all Go Donald fagan and have an ig y? AGAIN

0:08:36.559 --> 0:08:37.200
<v Speaker 2>i think so for.

0:08:37.240 --> 0:08:39.160
<v Speaker 4>Sure if you, look, actually we have a fair amount

0:08:39.160 --> 0:08:42.400
<v Speaker 4>of consensus about what we need to. Do previous, administration

0:08:42.480 --> 0:08:47.480
<v Speaker 4>this administration doubling down on, semiconductors critical, minerals, defense. Drones

0:08:48.080 --> 0:08:49.960
<v Speaker 4>there's a lot of consensus on what we have to.

0:08:49.960 --> 0:08:51.080
<v Speaker 3>Do can we call That?

0:08:51.200 --> 0:08:54.120
<v Speaker 2>PHOENIX i was just out In phoenix and it's. Amazing

0:08:54.440 --> 0:08:58.000
<v Speaker 2>it's a boom. Economy can we Do phoenix on The East? Coast?

0:08:58.960 --> 0:09:01.080
<v Speaker 4>Oh, yeah it's a little. Bit it's perhaps going to

0:09:01.080 --> 0:09:06.000
<v Speaker 4>be in other niche, areas but we have extreme capabilities

0:09:06.240 --> 0:09:09.520
<v Speaker 4>in the semiconductor, space also in the defense, space in

0:09:09.600 --> 0:09:10.920
<v Speaker 4>the biopharma.

0:09:10.920 --> 0:09:13.320
<v Speaker 2>Space of, Course pau'll get one more in, here because

0:09:13.320 --> 0:09:15.240
<v Speaker 2>THEN i got to Beat Simon johnson to. Death.

0:09:15.480 --> 0:09:19.720
<v Speaker 5>Simon if the talented folks from around the world are

0:09:19.760 --> 0:09:23.040
<v Speaker 5>not coming to THE, us where are they?

0:09:23.080 --> 0:09:26.640
<v Speaker 1>Going, well a little bit In, europe Although europe is

0:09:26.640 --> 0:09:28.040
<v Speaker 1>not upping its, game so they're missing that.

0:09:28.080 --> 0:09:30.280
<v Speaker 3>Opportunity THE uk is trying hard in the.

0:09:30.320 --> 0:09:33.439
<v Speaker 1>Space The british recently maybe AN ai, ambassador which is

0:09:33.440 --> 0:09:35.640
<v Speaker 1>a great, honor Whether i'm an ambassador TO ai or FROM.

0:09:35.640 --> 0:09:37.800
<v Speaker 1>Ai we're still talking about. That BUT i think a

0:09:37.840 --> 0:09:39.600
<v Speaker 1>lot of times they're going into other. Areas they're not

0:09:39.640 --> 0:09:42.400
<v Speaker 1>going into. Research they're going to have, good productive lives.

0:09:42.400 --> 0:09:45.480
<v Speaker 1>Elsewhere so you're losing the talent from the scientific machinery

0:09:45.559 --> 0:09:46.200
<v Speaker 1>and you never get it.

0:09:46.240 --> 0:09:49.000
<v Speaker 2>BACK i got to do a digression. Here the book

0:09:49.040 --> 0:09:52.120
<v Speaker 2>Is Priority technologies Of Elizabeth. Reynolds but since we Have

0:09:52.200 --> 0:09:56.079
<v Speaker 2>Professor johnson in the studios and he's taken parchment here

0:09:56.080 --> 0:10:00.400
<v Speaker 2>From scandinavian, elite we're going to have to bug. Here

0:10:00.720 --> 0:10:04.320
<v Speaker 2>your book in two thousand and eight nine had one

0:10:04.360 --> 0:10:07.839
<v Speaker 2>paragraph in chapter four which, said this was the moment

0:10:07.880 --> 0:10:10.880
<v Speaker 2>where the sec let the genie out of the bottle

0:10:11.400 --> 0:10:14.600
<v Speaker 2>and they brought forward the financial. Crisis do we have

0:10:15.160 --> 0:10:19.720
<v Speaker 2>the lack of humility now to repeat that, exercise given private,

0:10:19.800 --> 0:10:25.240
<v Speaker 2>credit given some of the excesses of our. Financialization, Yes i'm.

0:10:25.280 --> 0:10:26.080
<v Speaker 3>Afraid So i'm.

0:10:26.080 --> 0:10:28.600
<v Speaker 1>Amazed actually told me it's taken so long because usually

0:10:28.679 --> 0:10:31.719
<v Speaker 1>you forget everything, right and people into markets they. Did

0:10:32.000 --> 0:10:34.959
<v Speaker 1>many people in markets today weren't working in two thousand and.

0:10:35.000 --> 0:10:37.560
<v Speaker 3>Eight SO i fear not so.

0:10:37.640 --> 0:10:39.640
<v Speaker 1>Much the private credit although of course that could be

0:10:39.679 --> 0:10:42.439
<v Speaker 1>the ignition for what. HAPPENS i think it's the big

0:10:42.480 --> 0:10:45.600
<v Speaker 1>banks reducing the levels of, capital reducing their buffers against.

0:10:45.600 --> 0:10:47.200
<v Speaker 3>Losses we had really seen that movie.

0:10:47.200 --> 0:10:49.200
<v Speaker 1>Before in, fact it was made into many movies tom

0:10:49.200 --> 0:10:51.320
<v Speaker 1>which we, saw and still we're going to repeat that same.

0:10:51.320 --> 0:10:55.160
<v Speaker 2>Mistake one final, Question, elizabeth can you just tell me about?

0:10:55.160 --> 0:10:57.600
<v Speaker 2>IT i, mean the other school on The Charles rivers

0:10:57.679 --> 0:11:01.160
<v Speaker 2>mental about great inflation right? Now is great inflation AT?

0:11:01.240 --> 0:11:02.719
<v Speaker 2>MIT i mean it's.

0:11:02.800 --> 0:11:07.640
<v Speaker 4>BRUTAL i think it's been a problem generally in the,

0:11:07.679 --> 0:11:10.280
<v Speaker 4>country AND i think schools are addressing it. NOW i

0:11:10.320 --> 0:11:11.200
<v Speaker 4>THINK i should leave it at.

0:11:11.200 --> 0:11:14.920
<v Speaker 2>That so the Alumnus Troy gayski would tell me that

0:11:15.000 --> 0:11:17.560
<v Speaker 2>there's no great inflation in engineering because he got a

0:11:17.600 --> 0:11:21.160
<v Speaker 2>one point five is freshman year. There as everybody, said,

0:11:21.200 --> 0:11:25.400
<v Speaker 2>oh this is. Hard but the great inflation even AT, mit,

0:11:25.720 --> 0:11:26.400
<v Speaker 2>NO i don't.

0:11:26.440 --> 0:11:30.040
<v Speaker 3>Think so that's WHAT i wanted to get go.

0:11:30.200 --> 0:11:34.520
<v Speaker 2>Away of, course there's great inflation there priority, technologies. Folks

0:11:34.679 --> 0:11:40.040
<v Speaker 2>this is the mustering summary ON ai manufacturing, technology all of.

0:11:40.080 --> 0:11:43.319
<v Speaker 2>It it's just a fabulous effort By Elizabeth, reynolds With

0:11:43.400 --> 0:11:48.200
<v Speaker 2>Simon johnson helping out from The Massachusetts institute Of, technology