Saule Omarova on a National Investment Authority

Saule Omarova, professor of law at Cornell University, joins the Business Scholarship Podcast to discuss her proposal for a National Investment Authority (NIA), which she introduced in her article Private Wealth and Public Goods: A Case for a National Investment Authority and her white paper Why We Need a National Investment Authority. In these papers, Omarova discusses the potential for an NIA to be a long-term investing complement to the Federal Reserve’s monetary role and the Treasury’s fiscal role. In particular, she explains how an NIA could have mitigated the Covid-19 crisis and how it can help the nation navigate future crises.