Policy Punchline

Princeton University
Policy Punchline

Two in-depth interviews every week with scholars, policy makers, and business executives on frontier ideas & urgent issues in our world. Sponsored by the Julis-Rabinowitz Center for Public Policy and Finance and the Griswold Center for Economic Policy Studies at Princeton University. Hosted by Tiger Gao '21 and other undergraduate Princetonians. Visit us on policypunchline.com

  1. Acquired Podcast's David Rosenthal: The Art of the Long-Form

    OCT 20

    Acquired Podcast's David Rosenthal: The Art of the Long-Form

    The Art of the Long-Form: Crafting Epic Business Narratives and Creating Amazing Podcasts Every Host has a Story.... In this latest episode of Policy Punchline, we sit down with David Rosenthal, co-founder and co-host of the Acquired Podcast. From his days as a Princeton "organization kid" to becoming a leading voice in business history storytelling, Rosenthal's journey is as unconventional and inspiring. As a French literature major turned venture capitalist turned full-time podcaster, Rosenthal offers insights into the evolving landscape of tech, entrepreneurship, and digital media. Throughout our conversation, Rosenthal takes us behind the scenes of Acquired, revealing the meticulous research process and unparalleled access that sets his long-form business histories apart. He shares reflections on his time at Princeton, his stint on Wall Street during the 2008 financial crisis, and his transition into venture capital. Rosenthal's perspective on the serendipitous nature of career paths and the importance of balancing focus and openness to unexpected opportunities is invaluable to students and young professionals alike. We explore the challenges and triumphs of building a podcast empire, from humble beginnings to becoming one of the largest and best respected technology podcasts. Rosenthal discusses the possible impact of AI on content creation, the future of podcasting, and the enduring value of deep, well-researched storytelling in the age of information overload. Whether you're an aspiring entrepreneur, a podcast enthusiast, or simply curious about the inner workings of successful tech companies, this episode offers a wealth of insights and inspiration. Join us as we unpack the art of business storytelling and the unexpected paths that lead to success in the ever-changing world of tech and media.

    1h 11m
  2. Credit Scores, and Congress: the Front Lines of Financial Regulation

    MAR 27

    Credit Scores, and Congress: the Front Lines of Financial Regulation

    In this latest episode of Policy Punchline, we dive deep into the world of financial regulation and economic policy with our distinguished guest, Aaron Klein. Klein, the Miriam K. Carliner Chair and Senior Fellow in Economic Studies at the Brookings Institution, brings a wealth of experience from his pivotal roles in shaping U.S. financial policy. His journey—from the halls of Princeton's School of Public and International Affairs to the front lines of financial regulatory reform in DC—provides a unique lens through which we explore the ever-evolving landscape of economic policy. As a key player in the development of the Dodd-Frank Act, Klein draws on his firsthand experience to shed light on the successes and pitfalls of pre- and post-Crisis regulations. Throughout our conversation, Klein touches on his time in Congress to explain what the institution can and cannot do well to respond to financial crises, explores regulatory nuances from predatory banking practices to consumer credit, and emphasizes the pivotal role of technology in reshaping financial services. We explore the profound implications of AI in consumer credit allocation, the debate around central bank digital currencies (CBDCs), and the evolving frontier of cryptocurrency regulation. From Klein's critique on the recent AI Executive Order to his perspective on the structural flaws within American central banking, this episode promises a comprehensive exploration of the intersections between financial regulation, technology, and economic policy. Join us as the Brookings scholar and Congress veteran walks us through the wild world of financial regulation.

    1h 6m
  3. Wall Street to Washington and Back Again: Meeting the Mooch

    MAR 27

    Wall Street to Washington and Back Again: Meeting the Mooch

    In this episode of Policy Punchline, we delve into the remarkable career path and insights of Anthony Scaramucci, the founder and managing partner of SkyBridge and former White House Communications Director. We start with Scaramucci's upbringing on Long Island in the 1970s, its influence on him as he made his way into the heart of Wall Street and eventually the corridors of the White House. Scaramucci describes the corrupting dynamics of power in Washington, and explains conflicts and confrontations he encountered during his time in the Trump administration. He offers his perspective on press freedom and Russian sanctions, which sometimes diverged from the administration's stance. Through this lens, Scaramucci provides a glimpse into the divisive leadership style of President Trump from firsthand experience. He gives us these reflections on the past, but a look forward as well, making his pitch for the role of cryptocurrency and blockchain technology in the future of our financial system. From the digitization of assets, to the disruptive potential of decentralized systems, to the role of Bitcoin as a digital store of value, Scaramucci expresses optimism about a world outside of traditional financial institutions. For a wide-ranging conversation about the winding paths to Wall Street, the travails of the Trump White House, the future of finance, and even some wisdom on the good life, join us for this episode with Anthony Scaramucci.

    53 min
  4. Economics in America and the World: Problems and Promise of the Profession

    MAR 27

    Economics in America and the World: Problems and Promise of the Profession

    In this episode of Policy Punchline, we are honored to welcome Sir Angus Deaton, the esteemed British-American economist and recipient of the 2015 Nobel Memorial Prize in Economic Sciences. Sir Deaton discusses the dynamics of wealth, health, and inequality across the globe and, as per his latest book, Economics in America: An Immigrant Economist Explores the Land of Inequality, his adopted homeland. We discuss the "deaths of despair" framework developed by Anne Case and Professor Deaton as well as the recent refinement of the theory and popular critiques. We delve into his extensive research on income and health inequality, exploring the intricate relationship between economic prosperity and public health outcomes. He challenges conventional wisdom by emphasizing that inequality within nations can have profound effects on societal structures and individual lives, often leading to significant disparities in health as well as political resentment. We discuss his book "The Great Escape: Health, Wealth, and the Origins of Inequality," where Sir Deaton argues that miraculous levels of economic growth have lifted many out of poverty, while also leading to significant gaps in wealth and health that threaten to undermine the progress the world has made. He emphasizes the importance of understanding these disparities and focusing on challenges at home. Throughout the episode, Sir Deaton offers insights into global challenges and the less than ideal responses of economic elites and policymakers to those challenges. Issues such as the COVID-19 pandemic response, trade, automation and climate change, all required making tradeoffs. We consider whether establishment economics has erred in evaluating those tradeoffs, weighing the costs and benefits of policy, and selecting winners and losers. Sir Deaton is deeply concerned for the future relevance and legitimacy of his profession but he is also hopeful that a rising generation of young economists and policymakers may yet set it right. Join us on this episode to explore the profession of economics from every angle, as told by one of its Nobel Prize winners.

    1h 11m
  5. Daron Acemoglu: The Past and Future of Innovation in our Economy

    12/04/2023

    Daron Acemoglu: The Past and Future of Innovation in our Economy

    In this episode of Policy Punchline, renown MIT economist Daron Acemoglu takes us through the tumultuous and fascinating history of new technologies and how they have reshaped the societies we live in. He takes us back to the pre-Industrial era, showing that as new technological systems of agriculture changed, exploitative economic systems did not. He busts common myths about the nature of economic growth in the Industrial Age, presenting a darker and more nuanced look at that explosion of economic development. He argues that the advent of the personal computer in the 1980s had a real cost for employment outcomes — not enough new jobs were generated to match the jobs that were replaced by this innovation. Looking back, he proposes that technology can either complement the value of labor, generating new tasks associated with them, or can displace existing workers by performing the same tasks they did. In many ways, the effect of technology one way or another is not inevitable — it is a policy decision up to us. Looking forward, he asks us to take lessons from the past to utilize AI most equitably, ensuring it augments rather than replaces us. From blue collar jobs in the U.S., labor-intensive tasks performed in the developing world to consulting and software engineering fields, the future of our work lies in our hands. In the era of Artificial Intelligence, Professor Acemoglu brings us the wisdom of economic history, a bold new paradigm for assessing technological change, and a lifetime of expertise, to help us make sense of this brave new world.

    46 min
4.8
out of 5
28 Ratings

About

Two in-depth interviews every week with scholars, policy makers, and business executives on frontier ideas & urgent issues in our world. Sponsored by the Julis-Rabinowitz Center for Public Policy and Finance and the Griswold Center for Economic Policy Studies at Princeton University. Hosted by Tiger Gao '21 and other undergraduate Princetonians. Visit us on policypunchline.com

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