Instrument its into all of many places its s. Dave i think totally wrong about that tell me a little bit more because i dont really see why democracy would be a stick of the west so tell me a little bit more about where that perception comes from well he your book is not very flattering to you after it terry ends but i think you ultimately confirmed that deeply have believed that everybody almost everybody uses different kinds of tricks and manipulation studio and you kind of center in the house and take expression of political will and based on his democracies i doing it in certain the way they are relying on laws and regulations to ensure that self interest authoritarian regimes may be doing that and what in crew there are ways but ultimately i think the conclusion of your book is that everybody doesnt. No really i mean i dont think thats the conclusion theres a lot of countries on in the book which dont really do it or at least do it less and theres a lot of countries in europe in n
Whatsoever they seem to be reasonably stable countries that are stuck in between these 2 extremes so. It would be i think we should expect countries like russia to look roughly the same intensity in 20 years time and its going to take quite a lot to shift russia even to a complete or a terran state that doesnt hold elections rule or to a much more Democratic State where we could genuinely talk about some of the tweets and losing power i was writing of aides to the soviet union and i remember very vividly this transition from infuse the absent any and if you see as and for democracy to see a lot of cynicism not only among the people but also among the leaders and when it comes to the latter as. It was primarily driven black a realisation and deeply how the leave that for the west democracy is not a value its not the goal its not something that they lead by its actually an instrument its in to all of many places and its as theyve been totally wrong about that. Tell me a little bit more b
Pieces, competition antitrust law and Consumer Protection which covers a wide swath of territory but includes everything from gardenvariety scams to fight the enforcement in both of those areas squarely in the middle of a lot of really interesting changes that our society is going through and technology which all of us are dealing and not many of us are using. Host technology and telecommute occasions have become a bigger part of your portfolio over the last couple of years, havent they . To some extent yes. I say to some extent because telecommute occasions are much more the purview of the Commerce Department then the ftc but for example with respect to privacy we do work there with respect to advertising claims we do work there and certainly technology is a big part of what we do. Host antitrust when it comes to technology, correct . Guest yes, very much so. Host there was a recent article in the wall street journal talking about the potential lawsuit against facebook. Could you tell
Of government. Created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Us this week on the communicators as federal trade Commission Commissioner Noah Phillips, one of three republicans sitting on that commission. This has been a couple of years you have been on the commission. What kind of work do you do . Commissioner phillips we do a lot of really exciting work. Twomission is divided into pieces. Competition, antitrust law, and consumer protection, which covers a wide swath of territory. Both of those areas put us squarely in the middle of a lot of interesting changes our society is going through and technologies, which all of us are dealing with and many of us are using. And teliknology medications have become a bigger part of your portfolio, havent they . Commissioner phillips to some extent, yes because to some extent telecommunications are much more the purview of the fcc, but with respect to privacy, we do work wi
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a