Adam Posen Sees Trump as an 'Accidental Keynesian'

The transcript discusses the independence of Janet Yellen's Federal Reserve and the potential impact of interest rate hikes. It analyzes President Trump's economic policies, particularly his approach to tax cuts and spending, and the divided opinions within the Republican Party. The discussion also covers economic priorities in Washington, such as the ACA and corporate tax cuts, and suggests that the President should listen to experienced civil servants for economic advice. Finally, it offers recommendations for tax reform, emphasizing investment and a neutral value-added tax to avoid harming poor people.

What role do senior civil servants play in advising the president on economic matters?

In what ways could a national value-added tax impact different sectors?