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Edward Lazear gives his advice for how to get the federal budget under control and the US economy back on track. Lazear is the Jack Steele Parker professor of Human Resources Management and Economics at the Stanford Graduate School of Business. He served at the White House as Chairman of the President's Council of Economic Advisers from 2006 to 2009. What's the biggest problem facing the US economy? 0:06 What's the best way to get the economy growing again? 0:54 What sort of tax structure would you recommend? 1:58 Why not just increase taxes on the wealthiest Americans? 2:53 What's the most important entitlement reform that needs to be made? 3:57 What are the main ideological differences between Republicans and Democrats over how to fix the economy? 5:01 Is it true that productivity went up during the recession? 5:55 Learn more about Edward Lazear's recent research: http://www.gsb.stanford.edu/news/head... Learn more about Edward Lazear: http://www.gsb.stanford.edu/users/lazear Learn more about the Stanford Graduate School of Business: http://www.gsb.stanford.edu