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New York Times: How to Get Americans to Love Capitalism Again

Originally published in New York Times. American capitalism is at a serious inflection point. Many Americans, including the two of us, are alarmed by enormous levels of inequality and by declining economic mobility. We are concerned that in many cases American markets are no longer the most competitive in the world. And, we worry that […]

Economic Strategy Group Member Statement, December 2019

Aspen Economic Strategy Group (AESG) Member Statement December 2019 We, the undersigned members of the AESG, have collectively worked at the highest levels of the policy, business, government, academic, and civic communities. We believe that our nation’s economic policies need to be adjusted so that more people participate more fully in our economic success. We […]

Fiscal Policy With High Debt and Low Interest Rates

Overview: The U.S. budget trajectory is in uncharted territory. The country faces a structural deficit, accrued the largest increase in debt on record during the current economic recovery, and is expected to surpass its WWII-era debt-to-GDP record of 106 percent within the next 30 years. Gale argues that although historically low interest rates reduce the […]

Brian Deese

BRIAN DEESE is global head of Sustainable Investing at BlackRock, Inc. He is formerly a senior fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. He was a senior advisor to President Barack Obama, overseeing climate, conservation, and energy policy and advising the president on a range of domestic and […]

David Cote

DAVID COTE is the author of Winning Now, Winning Later and former Chairman and CEO of Honeywell. He was elected president, CEO, and a member of Honeywell’s Board in February 2002, and named chairman of the Board on July 1, 2002. Cote was elected to the Federal Reserve Bank of New York in March 2014 […]

Maya MacGuineas

MAYA MACGUINEAS is the president of the bipartisan Committee for a Responsible Federal Budget. Her areas of expertise include budget, tax, and economic policy. As a leading budget expert for the past twenty years and a political independent, she has worked closely with members of both parties and serves as a trusted resource on Capitol […]

Ray Dalio

RAY DALIO is the founder, co-chairman and co-chief investment officer of Bridgewater Associates, a global macroeconomic investment management firm that he started in 1975 and has grown into the fifth most important private company in the United States, according to Fortune Magazine. Bridgewater is also the largest and most successful hedge fund in the world, […]

Janet Yellen

JANET L. YELLEN is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution and former chair of the Federal Reserve Board. Yellen also served as vice chair of the Federal Reserve Board, president and chief executive officer of the Federal Reserve Bank of San Francisco, as well as chair of […]