Ricardo Hausmann

speaker

306 appearances 1 recordings 1 series first heard Jun 2025 last heard Jun 2025

Ricardo Hausmann’s voice in public audio — every appearance, attributed to the second.

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Odd Lots · Ricardo Hausmann on What it Takes to Win a Trade War · 12 Jun 2025 podcast

And to bring that knowledge together, you need a team of people that you need to put together.

And complexity comes from, you know, the

the breadth of the team that you have to put together.

Now, the more you can kind of codify stuff, then you don't need to put the brains together because it's all in the code.

And that's one of the things that we may talk about, artificial intelligence.

It makes things in some sense simpler because the knowledge is in the machine.

It's no longer you no longer need a brain to do it.

Now, what these trade barriers are doing.

is that they are preventing you from say buying the eggs, right?

So that now you need to know how to do the eggs yourself.

So in some sense it's it's making things harder to do.

As Larry Summers has pointed out, there are about sixty times more jobs using steel than jobs making steel.

Союною протект стіл.

Uh, you're making it easier for all those guys that were going to make omelets uh by making now the eggs harder to get.

And that's going to come at a detriment.

You're going to get maybe more jobs in steelmaking in the US, and you're going to make all the people who use steel have more trouble competing in the domestic market with their products and more trouble selling their products abroad because now they're buying more expensive eggs.

more expensive steel in this metaphor.

So so in some sense, yes, what you're saying is that uh break barriers are going to make the ability to put things together harder in the US, it's going to incentivize some of the things that are being protected, but it's going to create uh difficulties for everybody who uses those things to make other things.

I mean an interesting question is what is the case for intervening in the market?

Why would you need a policy?

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