Power and Consequences

Episode 15: What Will Happen to Cuba?

Simon and Gary tackle what's happening in Cuba, what guides the United States's policy decisions on this topic, and what the possible outcomes are for Cuba going forward. For bonus thoughts on each episode, visit powerandconsequences.com, where you can sign up for our newsletter! Host bios: Gary Gensler, former Chair of the Securities and Exchange Commission [https://www.sec.gov/about/sec-commissioners/gary-gensler], is Professor of the Practice of Global Economics and Management [https://mitsloan.mit.edu/faculty/directory/gary-gensler], and Professor of the Practice of Finance, at MIT Sloan School of Management. His research focuses on artificial intelligence, finance, and economic policy. He previously served as Chairman of the Commodity Futures Trading Commission, Under Secretary of the Treasury for Domestic Finance, Assistant Secretary of the Treasury, Chair of the Maryland Financial Consumer Protection Commission, and Senior Advisor to Senator Paul Sarbanes. Earlier, Gensler was at Goldman Sachs for 18 years, where he became a partner. Simon Johnson, a 2024 Nobel laureate in economics and former Chief Economist at the International Monetary Fund, is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan School of Management [https://mitsloan.mit.edu/faculty/directory/simon-johnson], head of its Global Economics and Management group, and Co-Director of MIT’s Stone Center for Inequality and Shaping the Future of Work. He co-chairs the CFA Institute Systemic Risk Council and is an AI Ambassador for the UK. Simon is the author of 13 Bankers, Jump-Starting America, and Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity [https://basicbooks.uk/titles/simon-johnson-2/power-and-progress/9781399804455/]. Gary & Simon also co-edited, with Ugo Panizza and Beatrice Weder di Mauro, Economic Consequences of the Second Trump Administration [https://urldefense.proofpoint.com/v2/url?u=https-3A__cepr.org_publications_books-2Dand-2Dreports_economic-2Dconsequences-2Dsecond-2Dtrump-2Dadministration-2Dpreliminary&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=M3IvTcM7-9uozJRLFEeE1A&m=-8eGTQiKzs8v9aCqU9MmhrjYKUKJZe8CrS7-lyNjzoxak55aYPq97THJY8GuC2mY&s=2HHLbtMI4wYsRl9DnWLBiZyI5LLG3j69wRk8iHLEZio&e=].

Episode 14: To Do or Not To Do... Industrial Policy

Simon and Gary discuss the history of industrial policy in the US, why we've seen a new era of industrial policy in the last ten years, and how to ensure these policies don't go overboard. For bonus thoughts on each episode, visit powerandconsequences.com, where you can sign up for our newsletter! Host bios: Gary Gensler, former Chair of the Securities and Exchange Commission [https://www.sec.gov/about/sec-commissioners/gary-gensler], is Professor of the Practice of Global Economics and Management [https://mitsloan.mit.edu/faculty/directory/gary-gensler], and Professor of the Practice of Finance, at MIT Sloan School of Management. His research focuses on artificial intelligence, finance, and economic policy. He previously served as Chairman of the Commodity Futures Trading Commission, Under Secretary of the Treasury for Domestic Finance, Assistant Secretary of the Treasury, Chair of the Maryland Financial Consumer Protection Commission, and Senior Advisor to Senator Paul Sarbanes. Earlier, Gensler was at Goldman Sachs for 18 years, where he became a partner. Simon Johnson, a 2024 Nobel laureate in economics and former Chief Economist at the International Monetary Fund, is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan School of Management [https://mitsloan.mit.edu/faculty/directory/simon-johnson], head of its Global Economics and Management group, and Co-Director of MIT’s Stone Center for Inequality and Shaping the Future of Work. He co-chairs the CFA Institute Systemic Risk Council and is an AI Ambassador for the UK. Simon is the author of 13 Bankers, Jump-Starting America, and Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity [https://basicbooks.uk/titles/simon-johnson-2/power-and-progress/9781399804455/]. Gary & Simon also co-edited, with Ugo Panizza and Beatrice Weder di Mauro, Economic Consequences of the Second Trump Administration [https://urldefense.proofpoint.com/v2/url?u=https-3A__cepr.org_publications_books-2Dand-2Dreports_economic-2Dconsequences-2Dsecond-2Dtrump-2Dadministration-2Dpreliminary&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=M3IvTcM7-9uozJRLFEeE1A&m=-8eGTQiKzs8v9aCqU9MmhrjYKUKJZe8CrS7-lyNjzoxak55aYPq97THJY8GuC2mY&s=2HHLbtMI4wYsRl9DnWLBiZyI5LLG3j69wRk8iHLEZio&e=].

Episode 13: Can AI Behave Responsibly?

Simon and Gary take a deep dive into the issue of responsible AI usage, exploring what agentic AI may be capable of doing, how AI safety should be evaluated, and whether the ultimate perils lie with the algorithms or the humans who use them. For bonus thoughts on each episode, visit powerandconsequences.com, where you can sign up for our newsletter! Host bios: Gary Gensler, former Chair of the Securities and Exchange Commission [https://www.sec.gov/about/sec-commissioners/gary-gensler], is Professor of the Practice of Global Economics and Management [https://mitsloan.mit.edu/faculty/directory/gary-gensler], and Professor of the Practice of Finance, at MIT Sloan School of Management. His research focuses on artificial intelligence, finance, and economic policy. He previously served as Chairman of the Commodity Futures Trading Commission, Under Secretary of the Treasury for Domestic Finance, Assistant Secretary of the Treasury, Chair of the Maryland Financial Consumer Protection Commission, and Senior Advisor to Senator Paul Sarbanes. Earlier, Gensler was at Goldman Sachs for 18 years, where he became a partner. Simon Johnson, a 2024 Nobel laureate in economics and former Chief Economist at the International Monetary Fund, is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan School of Management [https://mitsloan.mit.edu/faculty/directory/simon-johnson], head of its Global Economics and Management group, and Co-Director of MIT’s Stone Center for Inequality and Shaping the Future of Work. He co-chairs the CFA Institute Systemic Risk Council and is an AI Ambassador for the UK. Simon is the author of 13 Bankers, Jump-Starting America, and Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity [https://basicbooks.uk/titles/simon-johnson-2/power-and-progress/9781399804455/]. Gary & Simon also co-edited, with Ugo Panizza and Beatrice Weder di Mauro, Economic Consequences of the Second Trump Administration [https://urldefense.proofpoint.com/v2/url?u=https-3A__cepr.org_publications_books-2Dand-2Dreports_economic-2Dconsequences-2Dsecond-2Dtrump-2Dadministration-2Dpreliminary&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=M3IvTcM7-9uozJRLFEeE1A&m=-8eGTQiKzs8v9aCqU9MmhrjYKUKJZe8CrS7-lyNjzoxak55aYPq97THJY8GuC2mY&s=2HHLbtMI4wYsRl9DnWLBiZyI5LLG3j69wRk8iHLEZio&e=].

Episode 12: Big Challenges Facing the New Fed Chair

Newly confirmed Fed Chair Kevin Warsh will have to contend with a host of issues during his term. Simon and Gary discuss how these issues, which include AI, the desires of President Trump, and an existing push for deregulation in the banking sector, may influence Warsh's tenure as chair. For bonus thoughts on each episode, visit powerandconsequences.com, where you can sign up for our newsletter! Host bios: Gary Gensler, former Chair of the Securities and Exchange Commission [https://www.sec.gov/about/sec-commissioners/gary-gensler], is Professor of the Practice of Global Economics and Management [https://mitsloan.mit.edu/faculty/directory/gary-gensler], and Professor of the Practice of Finance, at MIT Sloan School of Management. His research focuses on artificial intelligence, finance, and economic policy. He previously served as Chairman of the Commodity Futures Trading Commission, Under Secretary of the Treasury for Domestic Finance, Assistant Secretary of the Treasury, Chair of the Maryland Financial Consumer Protection Commission, and Senior Advisor to Senator Paul Sarbanes. Earlier, Gensler was at Goldman Sachs for 18 years, where he became a partner. Simon Johnson, a 2024 Nobel laureate in economics and former Chief Economist at the International Monetary Fund, is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan School of Management [https://mitsloan.mit.edu/faculty/directory/simon-johnson], head of its Global Economics and Management group, and Co-Director of MIT’s Stone Center for Inequality and Shaping the Future of Work. He co-chairs the CFA Institute Systemic Risk Council and is an AI Ambassador for the UK. Simon is the author of 13 Bankers, Jump-Starting America, and Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity [https://basicbooks.uk/titles/simon-johnson-2/power-and-progress/9781399804455/]. Gary & Simon also co-edited, with Ugo Panizza and Beatrice Weder di Mauro, Economic Consequences of the Second Trump Administration [https://urldefense.proofpoint.com/v2/url?u=https-3A__cepr.org_publications_books-2Dand-2Dreports_economic-2Dconsequences-2Dsecond-2Dtrump-2Dadministration-2Dpreliminary&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=M3IvTcM7-9uozJRLFEeE1A&m=-8eGTQiKzs8v9aCqU9MmhrjYKUKJZe8CrS7-lyNjzoxak55aYPq97THJY8GuC2mY&s=2HHLbtMI4wYsRl9DnWLBiZyI5LLG3j69wRk8iHLEZio&e=].

Episode 11: Will China Take the Lead?

Ahead of President Trump's meeting with President Xi Jinping, Simon and Gary tackle the economic and technological race between the U.S. and China. What are the numbers behind China's economic success? How might that success affect the outcomes of this week's summit? And ultimately, will China become the new hegemon? For bonus thoughts on each episode, visit powerandconsequences.com, where you can sign up for our newsletter! Host bios: Gary Gensler, former Chair of the Securities and Exchange Commission [https://www.sec.gov/about/sec-commissioners/gary-gensler], is Professor of the Practice of Global Economics and Management [https://mitsloan.mit.edu/faculty/directory/gary-gensler], and Professor of the Practice of Finance, at MIT Sloan School of Management. His research focuses on artificial intelligence, finance, and economic policy. He previously served as Chairman of the Commodity Futures Trading Commission, Under Secretary of the Treasury for Domestic Finance, Assistant Secretary of the Treasury, Chair of the Maryland Financial Consumer Protection Commission, and Senior Advisor to Senator Paul Sarbanes. Earlier, Gensler was at Goldman Sachs for 18 years, where he became a partner. Simon Johnson, a 2024 Nobel laureate in economics and former Chief Economist at the International Monetary Fund, is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan School of Management [https://mitsloan.mit.edu/faculty/directory/simon-johnson], head of its Global Economics and Management group, and Co-Director of MIT’s Stone Center for Inequality and Shaping the Future of Work. He co-chairs the CFA Institute Systemic Risk Council and is an AI Ambassador for the UK. Simon is the author of 13 Bankers, Jump-Starting America, and Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity [https://basicbooks.uk/titles/simon-johnson-2/power-and-progress/9781399804455/]. Gary & Simon also co-edited, with Ugo Panizza and Beatrice Weder di Mauro, Economic Consequences of the Second Trump Administration [https://urldefense.proofpoint.com/v2/url?u=https-3A__cepr.org_publications_books-2Dand-2Dreports_economic-2Dconsequences-2Dsecond-2Dtrump-2Dadministration-2Dpreliminary&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=M3IvTcM7-9uozJRLFEeE1A&m=-8eGTQiKzs8v9aCqU9MmhrjYKUKJZe8CrS7-lyNjzoxak55aYPq97THJY8GuC2mY&s=2HHLbtMI4wYsRl9DnWLBiZyI5LLG3j69wRk8iHLEZio&e=].