Tom Keene

okay richard claret of folks went into colombia with some massive hires in retention of one of the best faculties in the planet it goes back to leuven and belgium it goes back to some of the way back work in uh germany and of course the combine out of england as well you retained laureate stiglitz yeah

You dealt with Jeff Sachs with all of his ability in that.

You have Ned Phelps with this massive eclectic view over time.

Columbia owns the social analysis.

Good morning, Chicago and Mr. Becker.

You own the social analysis of this K-shaped economy.

Jeff Sachs wrote a book 20 years ago, I'm going to say, that was way out front on this.

How K-shaped are we when you talk to your friends and Romans and countrymen in Columbia?

How K-shaped are we now, Dr. Clarendon?

My Karl Marx comes from the giant Thomas Sowell out at Hoover.

And also from my great mentor in London, Meghna Desai, who we lost last year.

year Karl Marx sat in the British Museum reading room and wrote a treatise on the end of capitalism and the bottom line is by definition we can become ever more k-shaped ever more divided and there's corrective solutions do you worry that within all of the institutions of you as you've represented that we're getting to stress points where it falls apart

Richard Clarida with us, folks, of Columbia, of course, of PIMCO as well, Global Economic Advisor and the former chair of the Federal Reserve, former vice chair.

I was going to give you a promotion there.

Former vice chair of the Federal Reserve as well.

Okay, I've got to get you in trouble.

Myron was in, Governor Myron was in with John Farrell.

John, I thought was great.

There's a Fed reacting after the fact, folks.

John Tucker told me the Latin is ex post.