Zingales: Experts Are Out of Fashion in Current Politics

The transcript discusses the observation of American politics and economics, highlighting the recurring nature of political trends. It explores the appeal of politicians like Donald Trump and the distrust of experts, particularly in the context of Hillary Clinton. The role of experts in fostering long-term economic growth is debated, with skepticism about their ability to create immediate growth. The discussion extends to the impact of Brexit and the need for experts to better communicate with the public. The global political landscape is examined, comparing the situations in the US, EU, and Japan, with a focus on Angela Merkel's influence in Europe.

What is a significant reason for the distrust in experts during the American presidential race?

• Experts are primarily women.

• Experts are seen as out of touch with common people.

• Experts are not involved in politics.

• Experts are too focused on short-term gains.

According to the discussion, what is a common misconception politicians promote about economic growth?

• Growth is not influenced by political decisions.

• Immediate economic growth is possible.

• Growth can be achieved without expert input.

• Economic growth is solely dependent on international trade.

What is the role of experts in economic growth as discussed in the video?

• They hinder economic progress.

• They are irrelevant to economic growth.

• They can establish conditions for long-term growth.

• They can create immediate economic growth.

Which political entity is considered to be the least affected by current economic challenges?

• Japan

• Great Britain

• The United States

• The European Union

Who is identified as the de facto leader of Europe in the discussion?

• Angela Merkel

• The President of the European Commission

• The President of France

• The Prime Minister of the UK