Robert Kaplan
speaker
231 appearances
1 recordings
1 series
first heard Apr 2025
last heard Apr 2025
Robert Kaplan’s voice in public audio — every appearance, attributed to the second.
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Appearances
could have some price impact.
But the biggest impact we saw of tariffs is of the potential of they had to slow growth.
And so as a result of it, you may remember back in eighteen and nineteen, I said, I think we should be more proactive here.
lower rates and that if you wait to see the weakness in GDP and employment, you've waited too late.
And the the thing is I had the luxury of being able to argue that in those years because we did not have an inflation issue.
Yes.
So they're including tariffs, there are five big structural changes going on right now.
We've already hit on on them.
Number one is we are attempting to reduce fiscal spending.
with the desire and and obviously it's been somewhat the risk of stating the obvious it's been jarring, but with the desire to try to reduce
The current six and a half to seven percent of GDP deficit to something lower than that.
We've gone from 2019 to today, debt to GDP in the United States net approximately in the mid-70s to over 100%.
And so first structural changes tried to have an economy that is less fiscal spending led and more private.
sector led.
That's number one.
Fiscal spending reductions, though, slow growth, might in fact be disinflationary, but that's the first one.
Second one is regulatory review in every industry with the ambition of improving productivity growth.
In an aging country that is highly leveraged, the X factor that can help you d-leverage is productivity growth.
The issue with regulatory review.
Is it'll take some time for that to translate into greater growth.
Showing 181–200 of 231 · page 10 of 12
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