For the U.S. economy to reach its full potential, argues Edward Conard, Washington should decrease federal spending and ease government regulation. Fareed Zakaria demurs, contending that structural reform and government investment are what the U.S. economy needs most.
Speaker: Joseph E. Stiglitz Presider: Terra Lawson-Remer
Nobel Laureate economist Joseph Stiglitz discusses how the lack of financial regulation creates market instability which results in inequality, and addresses ways to strengthen both the U.S. and international economy, to prevent further collapse.
Benn Steil's Financial Times op-ed shows that whereas the impact of the "Buffett Rule" on Warren Buffett's tax liability is trivial, the political capital he has accrued appears to be leveraging his investments.
A comprehensive guide to how international institutions, governments, and NGOs around the world are attempting to regulate the global financial system. This is part of the Global Governance Monitor, an interactive feature tracking multilateral approaches to several global challenges.
Stagnating wages and growing inequality will soon threaten the stability of contemporary liberal democracies and dethrone democratic ideology as it is now understood. What is needed is a new populist ideology that offers a realistic path to healthy middle-class societies and robust democracies.
Timothy F. Geithner, secretary of the U.S. Department of the Treasury, discusses economic growth, financial repair and reform, and the fiscal policies that challenge the U.S. economic recovery.This meeting was part of the C. Peter McColough series on International Economics.
As federal regulators flesh out financial reform specifics, questions remain about how the Volcker Rule--aimed at preventing banks from taking overly risky bets--will work, and whether it will make the financial system safer.
Lael Brainard, undersecretary for international affairs at the U.S. Department of Treasury, outlines the discussion between President Obama and President Hu Jintao, as well as the effect of the financial regulatory reform on the international agenda at the treasury for the upcoming year.
This meeting was part of the C. Peter McColough Series on International Economics.
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