
Conversations with Tyler Jason Furman on Productivity, Competition, and Growth
Aug 26, 2020
In a dynamic discussion, Jason Furman, a Harvard professor and former chair of the Council of Economic Advisors, shares his unique insights on economic policy. He tackles the impact of monopolies on investment patterns and highlights his top strategies to boost American productivity. Furman also critiques place-based development policies and the challenges tech giants like Facebook pose. From humorous college anecdotes to the intricacies of privacy legislation, his engaging perspective on economics offers both depth and entertainment.
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Amazon's Growth
- While Furman acknowledges Amazon's consumer benefits, he expresses concerns about the company's growth through acquisitions.
- He sees Amazon as less concerning compared to online search and social media platforms.
Facebook's Acquisitions
- Furman argues that Facebook owning WhatsApp and Instagram reduces consumer choice and may lead to higher advertising costs.
- He also notes the hidden costs of reduced innovation due to barriers to entry.
Privacy Legislation
- Furman recognizes the importance of privacy legislation but acknowledges GDPR's cumbersome nature and its potential to hinder competition.
- He favors competition and choice but believes they are not enough for sufficient privacy protection.




