Writing for The New York Times, Prof. David Autor and Prof. Gordon Hanson of Harvard explore how China is “aggressively contesting the innovative sectors where the United States has long been the unquestioned leader." To avoid a second China Shock, they emphasize that the United States “must nourish industries that have high potential for innovation, funded by joint investments by the private and public sectors.”
In an opinion piece for Bloomberg, Gautam Mukunda PhD '10 highlights the importance of federally funded scientific research. “Today, the federal government’s best investment is scientific research,” writes Mukunda. “The Federal Reserve estimates that support for science has a 150% to 300% return. Few investors have a track record as good.”
Prof. Simon Johnson speaks with Planet Money host Robert Smith about the role institutions play in prosperity gaps in different countries. “I think democracy is absolutely essential for shared prosperity, because if power isn't widely shared across society, in any kind of authoritarian system, you're going to have a situation where, you might have a good ruler or a pro-growth ruler for a while,” says Johnson. “But then they're going to get cranky. They're going to die and pass it on to somebody else who's really not good for growth. So authoritarian rulers are highly unreliable in terms of sustained prosperity."
Prof. Asu Ozdaglar, Deputy Dean of MIT Schwarzman College of Computing, speaks with Is Business Broken? podcast host Curt Nickish to explore AI’s opportunities and risks — and whether it can be regulated without stifling progress. “AI is a very promising and transformative technology,” says Ozdaglar. “But regulation should be designed very carefully so that it does not block or impede the development of the technology.” Given AI’s potential harms or misuses, she added that it's important to think about the correct regulatory framework. “For it to be successful, it should focus on where harms can come from.”
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.”