A new book edited by Prof. Gary Gensler and Prof. Simon Johnson examines the current administration’s impact on the global economy and how new policies could lead to “a profound weakening of both US economic dynamism and the global system it once led,” reports Sam Sutton for Politico.
Prof. Jonathan Gruber speaks with Newsweek reporter Jasmine Laws about the increase in cigarette taxes in various states across the United States. “There is a large body of economic evidence that shows that higher taxes will reduce smoking – particularly among the young and the poor,” says Gruber. “The downside is that the poor will pay more for cigarettes, stretching their budgets, but that is largely offset by the fact that they will smoke less. If the revenues are used to fund smoking cessation efforts among the poor, which have shown to be effective, this is a great policy opportunity."
Prof. Gary Gensler speaks with Bloomberg Surveillance about his new book examining the potential economic impacts of current policies in Washington. “I don’t think the tariffs are going to help,” says Gensler. “I think they’re going to hurt and interestingly they’re going to particularly hurt also in rural communities because rural communities have to sell their farm goods and they’re agricultural products overseas.”
MIT’s Security Studies Program Senior Research Associate Jim Walsh speaks with WBUR Here & Now reporter Asma Khalid about the current conflict between Iran and Israel. “There is no negotiation without leverage,” explains Walsh. “You’re trying to put the heat on the other party so they’ll cut a deal.”
Jim Walsh, a senior research associate with MIT’s Security Studies Program, speaks with Fox News about international security risks amidst the current tensions in the Middle East.
Prof. Daron Acemoglu, Prof. Peter Diamond and Prof. Simon Johnson are among the six Nobel laureate economists that warn the “massive budget bill passed by Housemakers last month… would weaken key safety-net programs while greatly lifting the federal debt,” reports Alain Sherter for CBS News. The economists also said that “large tax cuts under the legislation, combined with the hits to Medicaid and food stamps, would increase inequality,” writes Sherter.
Prof. Daron Acemoglu speaks with WBUR On Point host Meghna Chakrabarti about the role of trust in institutions. “Institutions crucially depend on the trust that people place in them,” says Acemoglu. “Corruption is the tip of the spear, because once you start suspecting that people in high office are using their position for corrupt ends, it tarnishes the entire set of institutions. And I think that's the situation we're in, and we're getting deeper and deeper.”
President Emeritus L. Rafael Reif speaks with Scott Detrow of NPR’s All Things Considered about the importance of investing in university research. In America, “we have the best research ecosystem in the world. It is fueled by public funds. And it includes not just, of course, the university system but academic medical centers. This is where the best and the most advanced research happens,” Reif emphasizes. He adds that “if we don't have public funds supporting research universities none of the innovations are going to happen.”
Prof. Jacquelyn Pless speaks with Grist reporter Tik Root about the future of the solar power industry amid federal proposals to remove tax credit incentives that assist with residential solar costs. “Policy volatility is really my bigger concern,” says Pless. “Policy uncertainty alone can start to freeze investment, raise costs, and damage market confidence.”
Neha Narula, director of the MIT Digital Currency Initiative, joins Taylor Wilson of USA Today’s The Excerpt podcast to discuss the future of cash as the use of digital currencies expands. On her vision for the future of money, Narula says, “We’ve had a lot of promise, we’ve had a lot of exciting ideas, but now it’s time to really buckle down and really build products that help users and help make their lives better.”
Prof. Emeritus Kerry Emanuel speaks with WBUR reporters Vivian La and Barbara Moran about the impact of NOAA cuts on the future of weather forecasting. “They're cutting into bone and muscle when they should be cutting into fat,” says Emanuel. He adds that streamlining operations and saving money “requires deep understanding of the organization and deep consultation with people who understand it.”
Prof. David Autor speaks with Rogé Karma from The Atlantic about the role of tariffs in the American manufacturing industry. “Letting free trade rip is an easy policy,” says Autor. “Putting up giant tariffs is an easy policy. Figuring out some middle path is hard. Deciding what sectors to invest in and protect is hard. Doing the work to build new industries is hard. But this is how great nations lead.”
Writing for The New York Times, MIT Innovation Fellow Brian Deese explains the impact of tariffs and domestic policy on the American auto industry. Deese notes that current policies “risk leaving U.S. automakers isolated and incapable of competing on their own merits as foreign companies bolt ahead. The damage to our economy and national security could be profound.”
Writing for Financial Times, Prof. Daron Acemoglu discusses the issues behind monopolies ahead of an EU ruling on Google’s advertising technology. “For too long, Silicon Valley has dictated the rules of the internet, shaping markets to serve its own interests while competition dwindles and inequality soars,” writes Acemoglu. “By setting course to break up Google’s advertising monopoly, Europe can show that democratic institutions, not monopolies, should shape our digital future.”
Deborah Blum, director of the Knight Science Journalism Program, writes for The New York Times about the history and future of food safety programs in the U.S. “The United States clearly still needs the safety systems that were so painstakingly built over the last 120 years, and to make them better and stronger,” writes Blum. “The labs and scientists and inspection teams that have been recently lost should not only be restored but expanded. And the mistakes of the 19th century should stay firmly in the history books.”