Government

Writing for Project Syndicate, Research Scientist Christian Catalini contributes to a Project Syndicate opinion piece makes the case for implementing cryptocurrency regulation that favors “builders over speculators.” Catalini and his co-authors write: “At the end of the day, policymakers in Washington must come together and draft new rules, rather than trying to squeeze crypto use cases into laws from nearly a century ago. And the industry, for its part, needs to tackle the many problems that traditional financial services and crypto leaders have long ignored.” They add: “The upside, much like in the early days of the internet, is a technology that can restore competition to sectors that haven’t seen it in decades.” 

Prof. Kristin Forbes speaks with Reuters reporters Ann Saphir and Howard Schneider about the Federal Reserve’s decision to lower borrowing costs. “It's not one thing that causes everyone to move,” says Forbes. “It's different people focus on different data, different indicators, different risks, and then they all end up in the same place.”

Prof. Kristin Forbes speaks with Associated Press reporter Christopher Rugaber about the Federal Reserve’s announcement declaring the end of the three-year inflation surge. “It really has been a remarkable success, how inflation went up, has come back, and is around the target,” says Forbes. “But from the viewpoint of households, it has not been so successful. Many have taken a big hit to their wages. Many of them feel like the basket of goods they buy is now much more expensive.”

Prof. Nathaniel Hendren speaks with Wall Street Journal reporter Rachel Wolfe about the evolution of economic mobility in the United States. “It’s still a coin flip whether or not you’ll earn more than your parents, but mobility probably hit a record low in the early 2020s,” says Hendren. 

Writing for The Boston Globe, President Emeritus L. Rafael Reif makes the case that “without strong research universities and the scientific and technological advances they discover and invent, the United States could not possibly keep up with China.” He emphasizes that “punishing universities financially for their failings — real and imagined — would be counterproductive. If anything, the China challenge demands that universities do more than they are already doing — and that they have the resources to do so.”

Prof. Kristin Forbes speaks with Bloomberg reporters Jonnelle Marte and Reade Pickert about potential Fed rate cuts. “The last few years have been a wake-up call,” Forbes said. “You want to do a framework review that is robust to many different economic circumstances.”

Writing for The Hill, graduate student Shomik Verma explores the potential impact of the Climate Superfund Act, a bill that would require “fossil fuel companies who have emitted more than 1 billion tons over the past 20 years to pay into a superfund for their climate damages.”  “With the saturated field of climate policies nowadays, this unique bill has the potential to be truly impactful,” writes Verma. “We need to make sure it is.”

Writing for Foreign Affairs, MIT Innovation Fellow Brian Deese proposes a Clean Energy Marshall Plan to combat climate change and renew U.S. leadership on a global stage, arguing this can be done in a way that promotes U.S. interests and supports aligned countries. “In this moment of domestic economic strength—stark against the backdrop of heightened competition, a fracturing world, and a raging climate crisis—the United States can do something generous for people across the globe in a way that benefits Americans,” writes Deese. “It should take that leap, not just because it is the morally right thing to do but also because it is the strategically necessary thing to do.” 

In a letter to the editor of The Boston Globe, Prof. Emerita Lotte Bailyn underscores the importance of leaders and prominent public figures taking family leave. “As someone who has long studied the effect of employer policies and practices on the success of an enterprise, I know the extreme importance of a leader’s actions,” writes Bailyn. “What they model, not the words they say, has the strongest impact on the culture of an organization” 

In an essay for Project Syndicate, Prof. Simon Johnson underscores for the need for countries around the world to “make strategic investments in key technologies, to create more good jobs, and to stay ahead of increasingly aggressive geopolitical competitors.” Johnson emphasizes:  “If you want more good jobs, invest in science, facilitate the commercialization of the technology that results from it, and make it easy for people to build companies where the product was invented.” 

Prof. R. Scott Kemp and Principal Research Scientist Charles Forsberg speak with Verge reporter Justine Calma about the nuclear proliferation concerns raised by the higher concentrations of uranium used in next-generation nuclear reactors. “We need to make sure that we don’t get in front of ourselves here and make sure that all the security and safety provisions are in place first before we go off and start sending [high-assay low-enriched uranium] all around the country,” says Kemp.  

Writing for The New York Times, Prof. Daron Acemoglu and University of Chicago Prof. James A. Robinson propose solutions to address growing distrust in democracy. “We need a new democratic social contract that people can believe in,” they write. “Democracy does not need to follow a majoritarian opinion on every topic, but it cannot sideline the views of the majority of the population, even on divisive subjects such as immigration.”

Researchers from MIT and other universities, businesses and government agencies are working to help the state of Massachusetts become a leading producer of climate technology innovations, reports Jeff Young for Newsweek. “Some MIT grads launched a climate tech incubator in Cambridge called Greentown Labs in 2011 and it now hosts hundreds of startups,” explains Young. “The area's venture capital and finance communities are attuned to the climate sector and are investing in companies tackling some of the biggest climate challenges.”

Prof. Yasheng Huang joins a Financial Times podcast to speak with James Kynge about how China’s technological advancement and economic growth could be threatened by the country’s increasing authoritarianism. “My own prediction is that if Chinese domestic policy doesn’t change substantially, the pace of technological and scientific progress that we have witnessed during the reform era, that pace is going to slow down,” Huang says.

Prof. Devavrat Shah is interviewed by Forbes’ Gary Drenik on balancing AI innovation with ethical considerations, noting governance helps ensure the benefits of AI are fairly distributed across society. “Our responsibility is to harness [AI’s] potential while safeguarding against its risks,” Shah explains. “This approach to promoting responsible AI development hinges on governance rooted in collaboration, transparency and actionable guidance."