YouSaid · the spoken record

Mike Pyle

lines on the record: 61
first: 2026-04-10
most recent: 2026-04-10
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Public service component to what I did, and also that I needed to put myself to work in a space that I really loved and felt passion for. And that was the space of economics, domestic economic policy, international economic policy, and working to make the US and the world a more prosperous place.”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so Judge Garland was my very first boss in Washington, you know, in some ways the perfect way to begin a career, somebody that I continue to regard as the model public servant. I say, listen, I learned three things from the judge. I learned what it meant to love the law. I learned that I didn't love the law the way the judge did, and that three, I needed to find something that I loved as much as Judge Garland loved being a lawyer, being a judge. And so that brought me back to what I'd done, talking about a moment ago in high school when I really fell in love with economics, economic policy, the impact on people and markets, what I'd studied as an undergrad and a graduate school. And so what I really took away from that experience is I wanted there to be a strong”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“The fiscal stimulus myself, but I think the fact that that's really perhaps the moment when we came out of the doldrums highlights that that fiscal lever was one that perhaps we should have pulled sooner and at greater size earlier post the crisis.”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that's principally, yes, you know what I mean. I mean, I think one thing I would, you know, highlight here is in some ways the United States only got out of the doldrums post, the GFC during the First Trump administration. And President Trump and that Republican Congress passed the 2017 tax bills. Now, coming from where I come from, I wouldn't necessarily have signed off on every particular of that bill. But I think what you saw was fiscal stimulus at size going through the economy as a result of those tax bill. And as a result, an economy that at long last began to see full employment began to see that higher velocity, began to see really the US get out of those post-GFC doldrums. Again, not how I would have necessarily designed.”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“So, I mean, I think that One of the principal lessons coming out of the global financial crisis is that in the face of a large economic shock, a shock that impacts the balance sheets of households and businesses, the government needs to act speedily and with size to prevent the labor market damage, the economic damage from being an overhang that lasts for a long time. And I think one of the things that a lot of policymakers conclude”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“With not enough time, with incredibly high stakes. And there's no other room where the hyperconfident people who know everything and have the luxury of time are there's just the human being sitting in front of you and you've got to do your role to support them in the way you can. And for me, that was very empowering experience, a recognition that from an early stage of my career, I needed to take responsibility. I needed to offer my best day in and day out because, like I said, there's no other room with a hyper-competent people. There's just the role you get to play with people acting with not enough time and not enough information to make high consequence judgments.”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“So it was a pretty extraordinary thing to be a part of. Had a chance to learn from be seasoned by, you know, a set of extraordinary, in my judgment, policymakers, whether that was Secretary Geithner, Lail Brainerd, Peter Orzag, Jason Furman, others, folks that early in my career, you know, I just learned a lot about what it meant to make sound policy choices, consider policy choices in the midst of crisis. You know, I think one of the things I also took away from that experience is this recognition that there's no other room that these are very accomplished policymakers making choices with imperfect information”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“Knowing that there's some basic stability and predictability that they get from government. And so for me, like I said, that time in government was one side of that coin. That time as an investor is the other side of that coin. How do you try to take that output from policymakers and make sense of the world, make sense of the economy, make sense of markets, and then make sound choices for clients?”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so I'd say I try to view my time in government and my time as an investor in a BlackRock is really two sides of the same coin. The job in government, at least as I understood it, was to, whether through economic policy or national security policy, had the pleasure to work on both of those through the years, provide a predictable, stable foundation for prosperity for the US and hopefully the world beyond and recognize that the job and government is to provide that stable foundation so businesses, so families, so individuals can live their lives, make their choices economically, can take risks in the economy to build businesses, expand businesses, invest and grow.”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“People, what that meant for markets were the most fascinating things I'd ever encountered and how I wanted to spend my career.”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source
“So I'd maybe go back before higher education. You know, I'm from a little town in the Midwest, 600 people in the middle of Illinois, stoplights in the little town where I grew up. I had a sense from a pretty early age that I wanted to do something out beyond the horizon, out past the fields. And I was lucky enough when I was in high school, there was this competition sponsored by the local community college called Running the U.S. Economy, where you could set monetary policy, you'd set government spending levels, you'd set taxation rates, basically the big tools of monetary and fiscal policy. And over a 10-year period, you'd set those variables and you'd see what came out the other side in terms of GDP growth, in terms of unemployment, in terms of the stock market. And for me, I had never really grappled with a more interesting set of problems than that when I was 14, 15, 16 years old. And I, you know, didn't really have the words to express what it is that would take me to, but I knew that problems at the heart of economic policy, what that meant for.”
2026-04-10 · Masters in Business · Assessing Asset Volatility and Iran War Threats With BlackRock's Mike Pyle · IDENTIFIED FROM THE TRANSCRIPT · source