Raghuram Rajan: Populist Nationalism Is “the First Step Toward Crony Capitalism”

The former governor of the Reserve Bank of India discussed the “concentrated and devastating” impact that technology and trade had on blue-collar communities, the anger toward “totally discredited” elites following the 2008 financial crisis, and the subsequent rise of populist nationalism during a keynote address at the Stigler Center’s conference on the political economy of finance.   

Read more

A House Divided

On the eve of Donald Trump’s inauguration as president, the latest update of the Chicago Booth/Kellogg School Financial Trust Index survey finds that Americans are sharply divided on some of Trump’s signature economic policies. The only thing a vast majority of Americans can agree on is the need to “drain the Washington corruption swamp.”  

Read more
1 2 3 4