Dr. Adam Posen
๐ค SpeakerAppearances Over Time
Podcast Appearances
And if you have open and free commerce on a rules-based basis, that raises American opportunities and American citizens' purchasing power.
So I agree with you.
There's a question of how you prioritize.
And this goes to the point with Saudi.
I'm not sure that that should be the biggest priority of an American administration right now.
It's fine.
You can walk and chew gum.
It can be one of the things.
So when you say what's in the domestic front, I think the removal of health care support
subsidies and access to Medicaid and to all these Obamacare related things is going to materially affect the health and well being of millions of human beings in the US.
And that is bad economically, but it's bad in human terms.
I think the reduction of options through the anti-migration policies, through other policies that make it so more people, mostly women in late middle age, have to stay home to be caregivers to elders and to children and to disabled people is materially bad for humans and is a huge pressure on people.
And I think the combination of anti-migration policy, attacks on the Fed, tariffs,
deal making, some of which looks corrupt, all adds to a more inflationary environment, which reduces real incomes for people.
So there's a whole bunch of things on the domestic front.
But I just want to say that it's not about choosing the global versus domestic.
It's about choosing the self-interested versus the public welfare.
Thank you for having me.