Profs. Robert Merton and Simon Johnson join PBS economics correspondent Paul Solman to discuss interest rates and investing.
The idea that we'll cut taxes, get more revenue, and it'll all trickle down to everybody, that hasn't been plausible for a long time.
Profs. Simon Johnson, Christopher Knittel, and Robert S. Pindyck recommend a price cap on Russian seaborne oil deliveries.
"The Russian authorities have demonstrated they cannot be trusted as a long-term supplier through dedicated pipelines."
"Russian aggression has fully exposed Europe's greatest vulnerability: The idea that Russia would always be a reliable supplier of cheap energy."
"An air of pessimism about the future of the American economy pervades some official circles in the U.S. ... It's time to dispel it.”
"The pre-invasion Russian economy was based on energy exports supported by foreign direct investment. ... All of this is fading fast."
Prof. Simon Johnson discusses the proposal that would seek to cap the price of Russian oil.
"The Russians have been quite cynically manipulating gas markets and oil markets, so this would be a chance to turn the tables."
"It's imperative to restart the Ukrainian economy and generate more tax revenue, even as the fighting carries on."
