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  @mamanitubeaАй бұрын

  Brilliant exposition Summers! Like Milei said "I don't know if Lefties hate more empirical evidence or taking a shower" 😂😂

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  @FlameofDemocracy5 ай бұрын

  With the hydrogen economy building out, thoughts of retrenchment would be premature. A new era of cheap energy will greatly improve the world's economic dynamism.

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  @shubhamraturi21315 ай бұрын

  Good Presentation

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  @Pe_cesar_6 ай бұрын

  European agro lobby won’t let the agreemment get sattle… colonizers

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  @MidnightRambler6 ай бұрын

  Inflation and proxy wars

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  @martijncarmiggelt29027 ай бұрын

  Ov Ovil

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  @majunair7 ай бұрын

  Chinese CCP is buying its time and is behaving nicely for access to capital from global market inorder to wriggleout of a disastrous financial situation in China. US and west should not be fooled and no access to global capital should be offered to Chinese CCP under any circumstances.

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  @x2ul7257 ай бұрын

  In an advanced society is it worth slowing down growth with the advantage of more monetary control for the lost efficiency and added risk of retraining displaced workers at an unknown cost and outcome for each person. Homeostasis declares that any self-regulating process by which an organism tends to maintain stability while adjusting to conditions that are best for its survival. No change to Ph and temperature often win against rapid changes.

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  @x2ul7257 ай бұрын

  Great talk !

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  @randomdude73847 ай бұрын

  Her jewelery game is beyond excellent.

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  @raylopez998 ай бұрын

  Summners is such a tool. Summers: “Third, the world has fared very well. Relative to the time when I was chief economist of the World Bank at the beginning of the 1990s, child mortality rates are less than half of what they were then. Literacy rates are more than twice what they were then. Poverty rates, terms of extreme poverty are less than 40% of what they were then.” If you know math, you’ll know over 33 years if things improve by 2.2%/yr you’ll have double the values (or equivalently half). So child mortality rates improving by 2x is nothing more than 2.2%/yr improvement a year. Same with literacy rates. Extreme poverty is roughly half as well. Nothing to do with macro-economics just incremental improvements over time, coming from a low base.

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  @ShowsOn8 ай бұрын

  There is no automatic reason why living standards need to improve. Living standards improve because policy makers make decisions to help them improve. What else do you think causes those improvements? Magic?

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  @raylopez998 ай бұрын

  @@ShowsOn Pace parts of Somalia where there is no government and living standards have improved relative to areas where there is government and war. Also Piketty et al in their book say growth is more or less automatic (the Solow equation) except in times of war, and this growth causes inequality. But otherwise, good point made.

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  @JameBlack8 ай бұрын

  the only problem is that the times of economy has gone, Chinna preparing to nuke you sleep well

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  @NoOne-vc8kc8 ай бұрын

  My identity has been used or criminal activity since 1991

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  @Michelle_Wellbeck8 ай бұрын

  South America, South East Asia know what the original Washington consensus brought them. They won't get tricked a second time.

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  @mamanitubeaАй бұрын

  The South American countries that violated Washington Consensus (Venezuela, Argentina) did terribly...those that followed it (Chile, Peru) grew fast for three decades Can you argue against that?

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  @AdaptableAutonomousHouse8 ай бұрын

  Washington consensus declared obsolete

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  @AdaptableAutonomousHouse8 ай бұрын

  WTO, IMF, all other Pax Americana pieces belong to history’s garbage

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  @LS-lp6ui Жыл бұрын

  Came here from the discussion of Adam Toozes “Crashed” with Mr. Bayoumi a participant. So appreciate Mr. Bayoumis careful view, with easily u nderstood visuals. I’ve followed this as an interested bystander since 2008 but this is the first time that I’ve heard a credible explanation. I’m not an economist nor have any experience with these questions. Certainly wish I’d heard this when it was released. I’ll be on the lookout for more from Mr Bayoumi. Hope others will too !

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  @virnamisra16572 жыл бұрын

  Holiday inn Express

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  @coopsnz13 жыл бұрын

  Norwegian citzen save nothing, highest household debt in world

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  @thomasnorb4077 Жыл бұрын

  So? Australia is right up there, buddy. Denmark has the highest right now though. As a Norwegian, I sleep well knowing I have a few million saved, and no debt on my house/car. Average income, no inheritance.

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  @rukiasbankaii5 жыл бұрын

  used the insights from your book in my IR essay on North Korea's nuclear proliferation. Thank you for interesting ideas!

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  @brianblackie94347 жыл бұрын

  That came across as very conceited to me. As though normal people, don't understand comparative advantage or can't see the benefits of trade! Comparative advantage has existed as long as barter, else why did people barter at all? The problem with economists is they see the world as a simplified model and think that arguments like "would you rather have $1 more in your pocket or not" is how you might make a decision on free trade. Economies are complicated but one thing is certain. Those with the wealth and power at the top are not looking at how they can benefit those at the bottom. That would be just a lucky side-effect if it were to happen. Most people would give up an extra dollar if it meant a fairer society, stronger community and greater security for their families.

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  @themaskedman2213 жыл бұрын

  Except you don't understand comparative advantage. What you've said here makes no sense.

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  @hathejoker7 жыл бұрын

  Excellent presentation.

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  @ashiskiit1547 жыл бұрын

  thanks for uploading this

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  @omkarmpanicker7 жыл бұрын

  This speech is as candid as the CEA could ever get on various issues and opportunities that confronts the Indian economy. Wonderful!

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  @grazzitdvram7 жыл бұрын

  Completely ignored that free trade takes away all power from labor to be able to strike for improved wages/conditions. Ignored that the profits of free trade while thinly spread among the population are condensed at the top. Skipped entirely that since the US has been pushing free trade the middle class wage increase has not kept pace with inflation. I feel this is something that free trade people have done quite a good job at hiding is just how poor people really are because the goods they've been buying have gotten cheaper and the reality only hits when they go to buy something like property. I was also rather disgusted by how your portraying free trade as trade when in reality it frequently is just offshoring production.... You're completely ignoring the dangers of losing expertise in various fields on a national level. If there is a disaster or a war and you cannot import your steel or electronics after you've closed local production you have to start from the bottom up. Suicide rates are up, opiate addiction is up and its only going to get worse. A universal basic income is not going to fix people that feel worthless because they can't find a job and the standard of living that will be provided will be poverty level at best. The future looks fun, Cheers!

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  @themaskedman2212 ай бұрын

  There is zero evidence that the "profits of free trade are concentrated at the top" -in fact, all reliable studies show that they are widely dispersed throughout the economy, whereas trade restriction disproportionately impacts lower-income families. Those "workers" you speak of are special interests, and do not represent most of the economy. Good luck thinking up a coherent reason why people working at hotels, restaurants, bars, elementary schools or toll booths would be hurt by free trade. I can think of a myriad of reasons how they benefit from trade, but none that put their employment or wages at risk. One day, maybe not in our lifetime, average people will wake up to the sophistry coming out of the manufacturing cabal.

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  @jorgemoralesmeoqui53247 жыл бұрын

  Perhaps it has something to do with the fact that economists have been selling the wrong notion of comparative advantage; one that has very little if anything in common with Ricardo's original insight in the Principles. See here: www.worldeconomicsassociation.org/files/journals/economicthought/WEA-ET-6-1-MoralesMeoqui.pdf