David R. Henderson  

Me on WGN, Chicago

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Boaz Teaches Virtue to Social ... Not From the Onion...

Last week, I was interviewed for 16 minutes by Mike McConnell on WGN, Chicago. He was a cut above in his understanding of the various economic issues. My test for whether it's working with the host is whether he invites me to stay past the break. He did. The interview is here.

Some highlights (approx. times):
2:00: Distinction between wealth and income. Me: "High incomes are the way you get wealthy, not the way you are wealthy."
2:40: People adjust to higher marginal tax rates.
4:00: Effect of unemployment insurance on long-term unemployment.
6:30: Josh Barro vs. Bob Barro on UI.
14:40: My partial defense of Al Gore's concept of the lock box. For more, see this article that Charley Hooper and I wrote in 2005.


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COMMENTS (4 to date)
Liam writes:

David,

Right near the end you have a dead cell for about 3 seconds. You were saying that the Fed would not have to...... and then the thought jumps ahead as it's obvious you were still speaking. What was that sentence?

David R. Henderson writes:

Liam,
Tell me at what minute point and I'll listen to it and answer you.
Best,
David

Liam writes:

Hi David,

It's right near the end and there was no time bar with it when I played it. The host actually says, "to...." About 60 seconds from the end

David R. Henderson writes:

Liam,
Ah hah. I heard it. I said "the Fed is not having to . . ." What I should have said is that "the Feds, i.e., the Treasury, are not having to float new debt because they're paying down debt."
Best,
David

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