Oren Cass
speaker
818 appearances
4 recordings
3 series
first heard Nov 2025
last heard 3 Jun
Oren Cass’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Feb 2026 with 2.
Appearances
Well, if you're a private equity fund, OK, well, if I buy 100, I'm OK with a bunch of them going bankrupt.
I can generate more profit on balance from taking more risk, even though, of course, all the workers at the firms that went bankrupt only had the one job.
And so you see in financial markets a lot of this kind of activity happening.
I think it's important to say financial markets are important, right?
I think capitalism is great.
There you go.
The idea that you want to have bankers and others who are collecting people's savings, collecting capital, finding productive ways to deploy it, that's incredibly important.
They deserve a return on doing that.
I have no problem with someone making a good living, becoming rich doing that.
The problem is that the share of the activity on Wall Street and financial markets that actually represents productive investment, actually causing anybody to build anything new and useful in the world keeps going down.
And so even as financial markets, the financial sector as a share of our economy keeps getting bigger, bigger share of GDP, the biggest source of corporate profits, the number one place that people from top business schools go to, that keeps getting bigger.
And yet in parallel, the actual amount of real investment happening in our economy keeps going down.
Right.
And so that's the disconnect that – first of all, I think it's just – that is a problem in and of itself.
But it also then obviously has incredible consequences for the real economy, for the country as we experience it.
Well, as you can see, I have lovely windows behind me.
No, no, this is my office.
I'm out in the woods.
We have a lot of snow on the ground.
But no, the nice thing about being chief economist is, I guess you can say whatever you want.
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