May be a different balance. At number it is far enough but there is a shift of for the College Graduates are going. Host we talked about my frustrations. But the governments job is to provide the foundation for something and its been really hard lately as im sure you appreciate to get bipartisan support for sensible programs and there is a lot that could be done to help the productivity gains in the last few years and the wages had grown as much as we would like so theres a lot of things that could be done to make our economy more vibrant the shore. The two or three things we could do one of the most important things we could do about well and equality in their representation that may be the bias that in light of the union we have seen the wealth and the quality and the issues of globalization in the joint workforce training. I want to caution this is a very longterm trend. Federal reserve is accused of exacerbating i just dont buy it. These are associated with a globalization technica
But just thoughts generally on everything from id like to hear your assessment of what were doing right and wrong, everything from earned income tax credit to estate tax to Corporate Tax to the personal income tax guest you mentioned two areas. I mean, i think earned income tax credit and other credits that reward work, reward education, that those are constructive, and they avoid some of the tradeoffs that you wore toly about if you that you worry about if you, you know, essentially create a tax on benefits by taking away benefits if you go to work, for example. Corporate taxes, seems like thats an area where theres a lot of bipartisan agreement where closing loopholes, creasing the territorial issues, those are things that i think should be able to get done, it seems to me. So there are some areas where progress could be made, for sure. Host im working with a couple of senators and speaker ryan, im hopeful that we can come to some agreement on a territorial tax so that we can give in
Right away as you point out. I left the fed on saturday. And on monday i was at brookings what other blogger i lots of vitriol. The Federal Reserve let me see my emails. Because i manage by email at dozens and dozens of emails everyday and it was are you so because you could go back and third seed in realtime which we think and what was happening. I else i daily news clippings, other types of materials. So i had a wealth of material so i just sat down and bang out a draft. I should also say i have some help from David Skidmore who was a Public Affairs person at the fed who took a year off to edits this and helping with the process, helping with research. T i got a quick start and i wouldve done in about 14 months. Host a decade or less in so those are dramatic economic times, shortly in our lifetime, if not in our nations history. C you didnt probably have time to reflect much on your life during that decade. If not on our nations history, you probably have time to reflect much on your
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