The U.S. and, to a certain extent, countries in Europe as well, have experienced growing inequality within their population for decades - a small group of people own the lion's share of the wealth. Populists take advantage of this, and… — Nicholas Bloom Copy Share
Decreasing economic growth and increasing inequality leads to increased uncertainty. — Nicholas Bloom Copy Share Image
The U.S. and, to a certain extent, countries in Europe as well, have experienced growing inequality within their population for decades - a small group of people own the lion's share of the wealth. Populists take advantage of this, and their policies are extremely hard to predict. And this has serious consequences. Companies shy away from risk, postponing their investment… — Nicholas Bloom Copy Share
Political uncertainty around the world has more than doubled since the election of Trump. To find anything comparable we have to go way back, to the late 1920s for example, the times of the Great Depression. Or think of the United Kingdom in the 1970s, when the International Monetary Fund had to help the country out with a dramatic rescue… — Nicholas Bloom Copy Share
The high-tech industry needs the immigration of highly qualified labor, from India, from China, from everywhere. — Nicholas Bloom Copy Share Image
Political stability was at most a factor in assessing developing countries or Russia. It is now also an issue in Western democracies. — Nicholas Bloom Copy Share Image
Once Brexit has actually been implemented, the world will be a very different place. — Nicholas Bloom Copy Share Image
Elections themselves do not necessarily lead to more corporate uncertainty - quite the reverse, stable democracies create a reliable environment. And elections have caused… — Nicholas Bloom Copy Share Image
Trump can, like every government, trigger a short boom with borrowed money, just like he has announced. He appears to want to adopt the… — Nicholas Bloom Copy Share Image
If you leave school at 16 then, in all probability, there is a machine that can do what you can do better and cheaper.… — Nicholas Bloom Copy Share Image
The Brexiteers promised their supporters wonderful things, almost none of which can ever come true. The billions that London transfers to Brussels will most… — Nicholas Bloom Copy Share Image
Many people who have lost out in the last few decades voted for Trump. Trump will have a difficult time turning them into winners.… — Nicholas Bloom Copy Share Image
Politics has become very unpredictable, making things so very difficult for individuals and also for companies. — Nicholas Bloom Copy Share Image
