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The economy has hit a hinge moment. For the past few years, inflation has been the big economic story — the fixation of economic policymakers, journalists and almost everyone who goes to the grocery store. But economists now largely see inflation as tamed. It's still a major political issue; the country continues to reel from years of rising prices, and there is a real affordability crisis. But that isn't all the next administration will have to deal with. So what does it mean to fight the next economic war rather than the last one?Jason Furman is an economics professor at Harvard and a former chair of the Council of Economic Advisers under Barack Obama. Furman has closely tracked the inflation crisis over the past few years, and he's deeply knowledgeable about how economic policy is made.In this conversation, we discuss why the inflation crisis upended the expectations of so many economists and what we've learned for the next time inflation strikes, what he expects to see with mortgage rates and the housing market, the upcoming fight over Donald Trump's expiring tax cuts, the good and the bad in Kamala Harris's housing policy and why there seems to be so little concern from either party about the ever-growing U.S. debt.Mentioned:“The Economic Theory Behind JD Vance's Populism” with Oren Cass on The Ezra Klein Show“Trump's Most Misunderstood Policy Proposal” by Oren Cass“In Defense of the Dismal Science” by Jason FurmanBook Recommendations:How the World Became Rich by Mark Koyama and Jared RubinThe Goodness Paradox by Richard WranghamThe Ladies' Paradise by Émile ZolaThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones, Efim Shapiro and Aman Sahota. Our senior editor is Claire Gordon. The show's production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Tyler Cowen, Veronique de Rugy, Desmond Lachman, Lindsay Owens, Nathan Tankus, Isabella Weber and Sonia Herrero. Soon, you'll need a subscription to maintain access to this show's back catalog, and the back catalogs of other New York Times podcasts, on Apple Podcasts and Spotify. Don't miss out on exploring all of our shows, featuring everything from politics to pop culture. Subscribe today at nytimes.com/podcasts.
As the Federal Reserve grapples with the delicate balance between taming inflation and sustaining economic growth, the stakes for the American economy have never been higher. With clear signs of economic slowdown and looming challenges in the banking sector, the steadfast commitment to high interest rates is raising concerns among economists and market watchers alike. Desmond Lachman from the American Enterprise Institute shed light on how this pivotal moment in monetary policy could shape the economic landscape for years to come, making the Fed's next moves crucial for navigating the complex interplay of inflation, employment, and financial stability.
Dive into Tuesday’s news with Boyd Matheson! Michael Warren joins the show to discuss tonight’s presidential debate and what to look for. The pressure is on for the debate’s moderators and Jeffrey McCall shares how they can be effective in their roles. Jack Butler sheds light on how the government should approach national emergencies. The clear signs of economic slowdown and challenges in the bank sector, Desmond Lachman shares about this pivotal moment in monetary policy and More!
For decades, the world enjoyed economic growth fueled by an open and interdependent trade system. Yet dark clouds now gather on the horizon, as deglobalization sentiments take root in the United States. If America loses its conviction to promote free trade and globalization, the consequences could ripple across the globe, according to Desmond Lachman from the American Enterprise Institute. We must find a way to preserve the economic windfall of open markets while addressing legitimate grievances within a rules-based framework.
After decades of economic growth, China is now facing economic distress from years of imbalanced policies that have inflated massive housing and credit bubbles. With China has the world's second largest economy, this could have dire consequences for other countries, including the U.S. How has China has gotten in this predicament? What does the situation look like right now? Desmond Lachman from the American Enterprise Institute joins the show.
Today on Truth in Politics and Culture I will take a quick look at some of the top headlines, I will unpack some of the motivations for the recent rash of pro-Palestinian/Anti-Israel protests, and Desmond Lachman at National Review says our public finances are burning.
Host Chris Murray talks with Desmond Lachman who joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund's (IMF) Policy Development and Review Department and was active in staff formulation of IMF policies. Mr. Lachman has written extensively on the global economic crisis, the U.S. housing market bust, the U.S. dollar, and the strains in the euro area. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies. Experience Adjunct Professor, Georgetown University, 2010 Adjunct Professor, Johns Hopkins University, 2009 Managing Director and Chief Emerging Market Economic Strategist, Salomon Smith Barney, 1996-2003 Deputy Director, Policy Development and Review Department, International Monetary Fund, 1994-96 Senior Adviser, European Department, 1990-94; Division Chief, Western Hemisphere Department, 1984-90, International Monetary Fund Education PhD, economics, Cambridge University BA, University of WitwatersrandSee omnystudio.com/listener for privacy information.
As Dave and Debbie continue to follow the decline of the Chinese economy, they speak with Desmond Lachman, a senior fellow at the American Enterprise Institute about the standard of living in China and how it compares to the US. See omnystudio.com/listener for privacy information.
Recent reports have shown that China's economy is slowing down in a way that is scary for China… whispers of a recession or even a depression could rock the world economy. D2 speaks with Desmond Lachman, a senior fellow at the American Enterprise Institute about China's economy and the significance of its decline. See omnystudio.com/listener for privacy information.
The Federal Reserve has raised interest rates at a very quick pace over the past year to battle rising inflation. But their actions may have blind spots that could have big ramifications for the future of our economy. Desmond Lachman from the American Enterprise Institute joins the show to talk about the reasoning behind recent Federal Reserve policy, and where things could go if changes aren't made.See omnystudio.com/listener for privacy information.
Inflation has driven the cost of living to a record high and most recent reports are giving mixed signals about what to expect. Declan is joined by Desmond Lachman, a senior fellow at the American Enterprise Institute, to talk about interest-rate hikes and Lachman's critiques of the Fed in what he calls "monetary policy overkill." Show Notes:-Desmond Lachman: “The Fed is playing with fire with its continued interest-rate hikes” -CPI Index released on Dec. 13th-The CME FedWatch Tool mentioned by Declan-Desmond Lachman's American Enterprise Institute profile
Desmond Lachman joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund's (IMF) Policy Development and Review Department and was active in staff formulation of IMF policies. Mr. Lachman has written extensively on the global economic crisis, the U.S. housing market bust, the U.S. dollar, and the strains in the euro area. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies.See omnystudio.com/listener for privacy information.
With Dr. Desmond Lachman, Resident Fellow at the American Enterprise Institute for Public Policy
Desmond Lachman joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund's (IMF) Policy Development and Review Department and was active in staff formulation of IMF policies. Mr. Lachman has written extensively on the global economic crisis, the U.S. housing market bust, the U.S. dollar, and the strains in the euro area. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies. See omnystudio.com/listener for privacy information.
On Washington Wednesday, Mary Reichard talks to Desmond Lachman about the Biden administration's response to soaring inflation; on World Tour, Onize Ohikere reports on the latest international news; and Caleb Bailey visits a unique church under a freeway bridge in Austin. Plus: commentary from Janie B. Cheaney, an egg-tremely sticky situation, and the Wednesday morning news.Support The World and Everything in It today at wng.org/donate. Additional support comes from The Master's University Online Programs--teaching Christ in all things. More at online.masters.edu
Our first interview with Rep. Dan Bishop explores the dangers of a porous southern border. We also speak to him about the confusion of Masks on airplanes after the CDC order was rebuked. Our second interview with economic expert, Desmond Lachman tries to make senes of our current economic situation. Are we on the brink of a recession and does history tells it mat be inevitable?
Host: Larry Bernstein. Guests are Hal Brands and Desmond Lachman.
Russia has been hit with major sanctions in an effort to stop its war with Ukraine. But Desmond Lachman from the American Enterprise Institute has a new piece in Barrons arguing that Russia is in a good place economically to keep the war going, sanctions or not. Guest Hosts: Dave Noriega and Debbie Dujanovic. See omnystudio.com/listener for privacy information.
With Dr. Desmond Lachman, Senior Fellow at the American Enterprise Institute
Desmond Lachman is a Senior Fellow at AEI. He joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund's (IMF) Policy Development and Review Department. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies. This week, Desmond joins Robert and Phoebe to discuss how record-level pandemic spending led to the highest inflation numbers in decades. He explains what we can expect in the next year, and the steps the Fed take to avoid a hard economic landing.
Constitutional Chats hosted by Janine Turner and Cathy Gillespie
While the idea of pulling out your phone and instantly buying or selling shares of a stock might be a new phenomenon, the practice of stock trading certainly is not. Did you know stock markets have their roots in 1600s Holland? Companies learned they could fund expensive six-month long voyages to India to bring back spices by selling small ownership stakes to a lot of people. If the voyage was profitable, the shareholder might receive or a dividend of the profits or their ownership stake might increase in value. Our current stock market still functions in essentially the same way hundreds of years later! Join our panel and Desmond Lachman with the American Enterprise Institute for this conversation on our stock market!
“The urgency to correct the country's large public finances is likely to be heightened by a further widening in the trade deficit in 2022 as the consequence of a stronger dollar and the relative strength of the U.S. economy.” ~ Desmond Lachman
China is dealing with a series of economic imbalances that are threatening the stability of their economy. Desmond Lachman, senior fellow at the American Enterprise Institute, joined Boyd to discuss what's happening and how it's impacting the United States as well as the global economy. See omnystudio.com/listener for privacy information.
Host: Larry Bernstein. Guests include Alex Tabarrok, Desmond Lachman, Sam Wineburg, Jason Goldberg, Katherine Monasebian, and Sucharita Kodali.
Cases of COVID-19 are rapidly accelerating around the country, diminishing hopes that life will return to a pre-pandemic normal anytime soon. Health concerns are not all the country has to worry about, though. To discuss the economic and financial impacts of COVID-19 in America and in emerging markets, Brent is joined by Desmond Lachman, a Resident Fellow in Economic Policy for The American Enterprise Institute. They discuss monetary policy, our economic future, and predictions for the months ahead.
Guest speakers include Michael Robinet, Edward Glaeser, Desmond Lachman, Max Roser, Steven Davis, Philip Fischer, Chris Arnade, Stephen Krasner, Dr. Charles Schwartz, Dr. Alan Gwertzman, Joel Mokyr, Ernest Freeberg, Dr. Jeremy Brown, Gary Saul Morson, and Jeff Shell.
Will the United Kingdom crash out of the European Union without a deal? When will the Chinese trade war end? And how will the global – and US – economy be affected by these developments. Today, returning guest Desmond Lachman joins me to explore these questions. Desmond Lachman is a resident fellow at AEI, where […] The post https://www.aei.org/multimedia/desmond-lachman-on-brexit-trade-wars-and-the-future-of-the-global-economy/ (Desmond Lachman on Brexit, trade wars, and the future of the global economy) appeared first on https://www.aei.org (American Enterprise Institute - AEI).
Desmond Lachman, Resident Fellow Derek Scissors, Resident Scholar American Enterprise Institute discusses Donald Trump's Chinese economic challenge.