The Unintended Consequences of Globalization | Prof G Markets скачать в хорошем качестве

The Unintended Consequences of Globalization | Prof G Markets

This week on Prof G Markets, Ed Elson and Scott Galloway are joined by Eswar Prasad, Professor of trade policy and economics at Cornell University, former chief of the Financial Studies Division of the International Monetary Fund, and author of the new book, “The Doom Loop.” They unpack why he believes the global economic order is unraveling, when the U.S. deficit could become a full-blown crisis, and what’s really happening in the housing market. Plus, he explains what he thinks America needs to do to get back on track. Subscribe to our Markets Newsletter! https://links.profgmedia.com/markets-... Order "Notes On Being A Man" now! https://amzn.to/4nl4VKo Note: We may earn revenue from some of the links we provide. Timestamps: 00:00 Today’s number 00:48 Today’s episode 07:55 Interview with Eswar Prasad 08:11 What is the world economic order and why is it spiraling? 10:22 What were your reflections on Davos and do you think that that characterization of globalization is correct? 14:27 Would you say that globalization was a mistake? 17:35 Could you give an overview on the strengths and weaknesses of the U.S. economy? 19:27 Is the deficit a problem below the surface and when do you think it appears? 21:32 Is income inequality another problem beneath the surface and if so when does it manifest and how? 24:48 What are your thoughts on the idea that more often the means of correction are war, famine, or revolution? 26:46 Ad Break 28:15 Could society accept the idea that you’re never going to have real wealth but you’ll still be able to afford enough to get by? 32:09 Do you expect that AI will improve this situation or make it worse? 34:19 What is your view on AI policy, as it pertains to the labor market? 37:45 What are your thoughts on the idea that AI is overhyped and that the most underhyped technology is GLP-41s? 41:58 Do we need to reduce spending or increase tax revenue to address the deficit? 41:01 Ad Break 45:19 What is your take on the housing market and the second order effect of the median age of home buyers getting older every year? 49:14 What are your thoughts on the role education plays in the economy? 53:33 How does a high-achieving student see America today, and how does America see them? 56:49 How can we actually get this country back on track? 01:00:27 Break 01:00:37 Conclusion 01:07:26 Credits Follow Scott on Instagram:   / profgalloway   Follow Ed on Instagram and X:   / ed_elson_     / edels0n   Subscribe to Prof G Markets on Spotify: https://links.profgmedia.com/markets-... Got a question for Prof G? Get answers on TikTok: https://links.profgmedia.com/tiktok Want more Prof G? Check out everything we're up to at: https://links.profgmedia.com/home #business #news #tech #financemotivation #stockmarket #profg #scottgalloway #profgmarkets #ai #earnings #stocks #inflation #investmentstrategies #investment #investing #gdp #podcast #recession #tariffs