Government

MIT Innovation Fellow Brian Deese speaks with CNBC host Andrew Ross Sorkin about the state of the U.S. economy and the impact of “Bidenomics,” President Joe Biden’s economic philosophy.

Prof. Kristin Forbes speaks with New York Times reporter Jeanna Smialek about the future of interest rates in the United States. “Now, the economy has learned to function with higher interest rates,” says Forbes. “It gives me hope that we’re coming back to a more normal equilibrium.”

Prof. Jon Gruber speaks with NPR hosts Jim Braude and Margery Eagan about the idea of a ‘soft landing’ for the U.S. economy. “All economies are cyclical,” says Gruber.  “They go through good times and bad times. And we define good times and bad times based on two variables: inflation and unemployment.”

In a letter to the editor of The Economist, Prof. David Autor makes the case that while pursuing industrial policy has substantial risks, “forswearing industrial policy has equally many risks, especially when our chief economic and strategic competitors are currently using it to great effect.”

In an article for The Boston Globe, Prof. Emeritus Ernest Moniz explores the risks associated with the cesium-137 devices used in hospitals. “Boston hospitals have an opportunity to receive tens of thousands of dollars of grants toward the purchase of new equipment that is just as effective for medical and research purposes as the radiological devices they have been using for decades,” writes Moniz, “while shedding the liabilities and security costs associated with cesium sources.”

Writing for The New York Times, MIT Prof. Amy Finkelstein and Stanford Prof. Liran Einav note that health insurance coverage for the Americans "who are fortunate enough to have insurance is deeply flawed.” Finkelstein and Einav make the case that the solution to health insurance reform is “universal coverage that is automatic, free and basic.”

Sergey Paltsev, deputy director of the MIT Joint Program on the Science and Policy of Global Change, speaks with WCVB-TV about the pressing need for action to address the climate crisis, following the Earth’s hottest days on record. Paltsev emphasized that he hopes the record-shattering heat will motivate policymakers and the general public to take action to prevent extreme climate events in the future.

Writing for the Financial Times, Prof. Robert Pindyck makes the case that households, private businesses and governments must "invest in adaptation to climate change, in order to counter its possible impact.” Pindyck writes, “Now is the time to put more effort into efficient CO₂ emission reduction, and invest in adaptation to limit the impacts of climate change.”

A new study co-authored by MIT scientists finds that the Department of Justice’s China Initiative may have caused researchers of Chinese descent to leave the U.S. for China, reports Ryan Quinn for Inside Higher Ed. The study authors found that researchers of Chinese descent had “general feelings of fear and anxiety that lead them to consider leaving the United States and/or stop applying for federal grants. If the situation is not corrected, American science will likely suffer the loss of scientific talent to China and other countries.”

In a letter to the editor of The Washington Post, MIT President Emeritus L. Rafael Reif and Ezekiel J. Emanuel, vice provost of global initiatives at the University of Pennsylvania, emphasize the importance of ensuring international graduate students can stay and work in the U.S. after graduation. “International graduate students are one of the 21st century’s most valuable resources,” they write. “It is time for the United States to start treating them that way.”

Researchers at MIT and elsewhere have published a study on why voters who value democracy participate in democratic backsliding, reports Jason Willick for The Washington Post. The authors have identified “a strong linear relationship between perceptions of the other side’s willingness to subvert democracy and partisans’ own willingness to do so,” writes Willick.

Neil Thompson, director of the FutureTech research project at MIT CSAIL and a principal investigator MIT’s Initiative on the Digital Economy, speaks with Politico reporter Mohar Chatterjee about generative AI, the pace of computer progress and the need for the U.S. to invest more in developing the future of computing. “We need to make sure we have good secure factories that can produce cutting-edge semiconductors,” says Thompson. “The CHIPS Act covers that. And people are starting to invest in some of these post-CMOS technologies — but it just needs to be much more. These are incredibly important technologies.”

Institute Prof. Daron Acemoglu and Prof. Aleksander Mądry join GBH’s Greater Boston to explore how AI can be regulated and safely integrated into our lives. “With much of our society driven by informational spaces — in particular social media and online media in general — AI and, in particular, generative AI accelerates a lot of problems like misinformation, spam, spear phishing and blackmail,” Mądry explains. Acemoglu adds that he feels AI reforms should be approached “more broadly so that AI researchers actually work in using these technologies in human-friendly ways, trying to make humans more empowered and more productive.”

MIT researchers have found that “69 percent of registered voters said they were either very or somewhat confident that votes at a nationwide level were counted as intended,” reports Zach Montellaro for Politico. This research is a “prominent measure of voter trust in election integrity,” writes Montellaro.

A new working paper by Prof. Christian Wolf and his colleagues explores a “mechanism by which a government could run deficits and never have to pay them,” reports Peter Coy for The New York Times. The researchers found that “‘deficits contribute to their own financing via two channels.’ First, they can accelerate economic growth, which generates more tax revenue. Second, they can cause inflation to rise, which shrinks the effective cost of debt.