Audio Interview

Productivity and growth: facing the fiscal reality

Published on November 28, 2024   42 min

Other Talks in the Playlist: Interviews with business leaders and scholars

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Interviewer: Today, 18th of January, 2024, I'm interviewing Prof. Michael Boskin, Tully M. Friedman Professor of Economics at Stanford University. Senior Fellow, Hoover Institution, Research Associate, National Bureau of Economic Research, and former Chairman of the President's Council of Economic Advisers, 1989-1993. The subject of the interview is the implications of Prof. Boskin's argument, published in an article in Project Syndicate of 18th of October, 2023, titled "Advanced Economies Must Face Fiscal Reality" on tax and government spending. A link to the article accompanies this interview and listeners are expected to have read it before listening to the interview. Prof. Boskin, thank you for sparing the time. May I start by asking, is it correct that your argument is based on the assumption that it will not be possible in the years ahead to get high rates of growth in the economy, at least not without lower taxes and lower government borrowing? Would your argument change if that was not the case? That is, high rates of growth could be achieved without lowering taxes and borrowing less. Professor Boskin. Prof. Boskin: You've raised a bunch of really good questions

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Productivity and growth: facing the fiscal reality

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