Speaking about something very relevant to what you have worked so hard on. I want to talk about the book and the broader economic context of china and the word about hank paulson. I know something about the stress and policymakers behindthescenes. I dont think anyone put this country on a footing for the future. Writing here about his perspective is a policy maker with his long experience in china. The hundred visits going back years and years. And so the perspective from the private and Public Sector come together as we assess our greatest economic rivals in the banker, and until very recently banker of uss. Secretary paulson, thank you for being here. Thank you. It is my great pleasure to be here. I thank you all for being here and for waiting. I waiting. I am looking forward to the conversation. Dealing with china is a fascinating insight. The president s News Conference trying to explain the Transpacific Partnership , the fasttrack that he has just gone with divided democratic supp
To as soon as i could. Thank you very much. Speaking about something very relevant to what you have worked so hard on. I want to talk about the book and the broader economic context of china and the word about hank paulson. I know something about the stress and policymakers behindthescenes. I dont think anyone put this country on a footing for the future. Writing here about his perspective is a policy maker with his long experience in china. The hundred visits going back years and years. And so the perspective from the private and Public Sector come together as we assess our greatest economic rivals in the banker, and until very recently banker of uss. Secretary paulson, thank you for being here. Thank you. It is my great pleasure to be here. I thank you all for being here and for waiting. I waiting. I am looking forward to the conversation. Dealing with china is a fascinating insight. The president s News Conference trying to explain the Transpacific Partnership , the fasttrack that h
Thats very relevant to what you afford so hard and so i want to talk about the book in the broader economic context of china and just a word about hank paulson. I know something about policymakers behind the scenes and i dont think anyone went through a stressful it period as treasury secretary as you did and put this country on a footing for the future, this country in the world. I just wanted to say its a privilege for me to be here was someone who is writing here about his effectiveness and as a policymaker in his long experience with and dad with 100 visits to china going back to the cls goldmans. With the of the private sector and the Public Sector together as he assessed the greatest economic rival and the bankers who until recently believed the banker of u. S. Debt. Secretary paulson thank you very much for being here. Andrea, thank you. Its my great pleasure to be here with you because i have a mired the job you have done for a long time and i think you will for being here. Im
America and around the world who are undereducated and i think we have to find a way to translate what you are saying into fundamentally democratization. Okay. What was the first question again . On the idea of equity, where we are already see experiments with randomized controlled trials that showed technologies can be used to educate paul folks that are less academically prepared to get them where they need to be it will allow us to ask or have that innovation can help in this space. We have a separate dialogue about the politics of bad and the folks that come from underresourced k12 schools, how did they get more academically prepared. That could be technology as well. There is a question. One is what the technology can do and what we as a society have to do politically to support the access to that in the breach to die so we dont have stratified systems. Thank you. I would just send the cross subsidy question. I like the way the question was articulated in beautifully put because t
Upside gives them a share of the house price growth that tends to typically bring people over time so they would get the Dividend Payments and the constant basis because six or 7 of households sell the house for the mobility and the job switches and so on so they will continue to get the 5 of the upside the most important elements of having this kind of a contract is in the event of a downturn like the one that we had in 2008 we will not have the amount of layoffs that we did. The gdp will not have to fall as steep as it did. The recessions will tend to not be as long as they typically are because when you look at historical recessions, the one variable that is the forecast recessions the best turns out to be private debt. There is very interesting work that has come out more recently that looks at this longterm historical span of data and it uncovers this important fact that its private debt in particular Household Debt tends to forecast deeper and longer recessions so we need to thin