4 chapters across the catalog
Jane Family Institute, Industrial Policy Discussion
During a presentation at the Jane Family Institute, the NIA proposal is hailed as a "radical reorganization" of American industrial policy. Omarova explains that public losses incurred by social infrastructure projects would eventually end up on the public balance sheet but argues this would strengthen the economy in the long run.
Jean-Claude Juncker Investment Plan, Third Lung and Infrastructure
EU Commission President Jean-Claude Juncker announces a 315 billion euro investment plan to "kickstart" the European economy. The plan relies on a 1-to-15 leverage ratio of public and private funds. The hosts mock Juncker's "third lung" metaphor and suggest the infrastructure projects are likely "American-style scams" designed to benefit political insiders.
Geithner Public-Private Investment Plan and Toxic Assets
Secretary Timothy Geithner's plan to address toxic assets is analyzed as a massive transfer of risk to the taxpayer. The plan allows private entities to purchase assets with only 7% of their own capital, while the Federal Reserve and Treasury guarantee the remaining 93%, potentially exposing taxpayers to trillions in losses.
Stock Market Recovery, Public Investment, and State Lotteries
An alternative economic theory suggests the stock market will skyrocket to 30,000 regardless of whether Obama or McCain wins, as the public is not yet fully "sucked into" the market. Historical market crashes in the 1920s and 1990s are cited as examples where the public took the greatest losses. State lotteries are compared to these cycles as a way for the government to collect money from the public.
