Why Silicon Valley Bank Collapsed — And What Comes Next

I think there’s an answer. But it’s not age — or, at least, it’s not just age.Mentioned:“White House aides lean on delays and distraction to manage Trump” by Josh Dawsey“I Am Part of the Resistance Inside the Trump Administration” by Miles Taylor“What JD Vance Believes” by Ross DouthatThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This audio essay for “The Ezra Klein Show” was produced by our supervising editor, Claire Gordon. Fact-checking by Jack McCordick. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Annie Galvin, Michelle Harris, Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

22 Loka 202444min

Crime data has been a flashpoint in this election. Kamala Harris has claimed that violent crime is at a “near 50-year low,” while Donald Trump has insisted that crime is going up. According to the numbers reported to the F.B.I., Harris is right: Crime, especially violent crime, has been falling. But if you look at survey data, Trump is tapping into something people feel. Last year, 77 percent of Americans told Gallup that they believe crime is on the rise.So what’s going on here? Why, if crime is falling, do people feel less safe? Charles Fain Lehman, a crime and drug policy researcher at the Manhattan Institute, wrote a piece on his Substack, The Causal Fallacy, on exactly this question. In this conversation, we discuss why he thinks Americans are feeling less safe, despite what the data says, as well as the ideological shifts taking place around drugs and crime, on both the left and the right.Mentioned:“Breakdown” by Heather Mac Donald“Between Tolerant Containment and Concerted Constraint: Managing Madness for the City and the Privileged Family” by Neil GongBook Recommendations:Thinking About Crime by James Q. WilsonAgainst Excess by Mark KleimanThe Bonfire of the Vanities by Tom WolfeThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. And special thanks to Switch and Board Podcast Studio. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

18 Loka 20241h 32min

As of this week, the archive of this show is behind a paywall. The three most recent episodes are free, but earlier episodes are available only to New York Times subscribers. If you don’t want the whole subscription, there’s an audio-only subscription for $1.50 a week. That gets you access to our archives, as well as the archives of all the other great Times podcasts.To help make the pitch here, I wanted to share an episode from our friends at the “Book Review” podcast. It’s hosted by Gilbert Cruz, the editor of The Times’s Book Review section. And I thought you might enjoy this particular episode with Robert Caro about his book “The Power Broker.” It came out 50 years ago, and it’s still one of the most influential books in politics and policy circles — for better or for worse. In this conversation they dig into why that is and what to make of the book’s legacy. I hope you enjoy it. To learn more about the subscription, visit nytimes.com/podcasts.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

15 Loka 202447min

In his new book of essays, “The Message,” Ta-Nehisi Coates writes about a trip he took to Israel and the West Bank in May 2023. “I felt lied to,” he told me. “I felt lied to by my craft. I felt lied to by major media organizations.”Coates’s essay is a searing portrait of Palestinian life under Israeli rule. It has also been criticized for leaving much out: Hamas is never mentioned. Nor is Oct. 7. Nor are any of the peace processes. So I asked him on the show to discuss what he saw when he was there and what he chose to leave outside the frame.Mentioned:“The Case for Reparations” by Ta-Nehisi CoatesThe Necessity of Exile by Shaul MagidThe Virtue of Nationalism by Yoram Hazony“US media talks a lot about Palestinians — just without Palestinians” by Maha NassarBook Recommendations:Justice for Some by Noura ErakatOur American Israel by Amy KaplanThe Unspoken Alliance by Sasha Polakow-SuranskyThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Elias Isquith. Fact-checking by Michelle Harris. Fact-checking by Michelle Harris, with Mary Marge Locker and Kate Sinclair. Mixing by Efim Shapiro and Isaac Jones, with Aman Sahota. Our senior engineer is Jeff Geld. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Rollin Hu and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

11 Loka 20241h 20min

On Oct. 6 of last year, the Biden administration was hammering out a grand Middle East bargain in which Saudi Arabia would normalize relations with Israel in exchange for a Palestinian state. And even after Hamas’s attack the following day, the U.S. hoped to keep that deal alive to preserve the conditions for some kind of durable peace. But that deal is now basically unviable. The war is expanding. Israel may be on the verge of occupying Gaza indefinitely and possibly southern Lebanon, too. So why was President Biden ineffective at achieving his goals? In the past year, has the U.S. been able to shape this conflict at all?Franklin Foer recently wrote a piece in The Atlantic trying to answer these questions. And he starts with the Biden administration’s attempts to de-escalate tensions in the Middle East — an effort that began well before Oct. 7. In this conversation, Foer walks through his reporting inside the diplomatic bubble of the conflict and the administrations of other Middle Eastern states that have serious stakes in Israel’s war in Gaza.Book Recommendations:Our Man by George PackerSee Under by David GrossmanCollected Poems by Rita DoveThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris, with Mary Marge Locker and Kate Sinclair . Our senior engineer is Jeff Geld, with additional mixing by Efim Shapiro, Isaac Jones and Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Emma Ashford, Shira Efron, Natasha Hall, Richard Haass, Michael Koplow, Selcuk Karaoglan and Switch and Board Podcast Studio. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

8 Loka 20241h 31min

The economy has hit a hinge moment. For the past few years, inflation has been the big economic story — the fixation of economic policymakers, journalists and almost everyone who goes to the grocery store. But economists now largely see inflation as tamed. It’s still a major political issue; the country continues to reel from years of rising prices, and there is a real affordability crisis. But that isn’t all the next administration will have to deal with. So what does it mean to fight the next economic war rather than the last one?Jason Furman is an economics professor at Harvard and a former chair of the Council of Economic Advisers under Barack Obama. Furman has closely tracked the inflation crisis over the past few years, and he’s deeply knowledgeable about how economic policy is made.In this conversation, we discuss why the inflation crisis upended the expectations of so many economists and what we’ve learned for the next time inflation strikes, what he expects to see with mortgage rates and the housing market, the upcoming fight over Donald Trump’s expiring tax cuts, the good and the bad in Kamala Harris’s housing policy and why there seems to be so little concern from either party about the ever-growing U.S. debt.Mentioned:“The Economic Theory Behind JD Vance’s Populism” with Oren Cass on The Ezra Klein Show“Trump’s Most Misunderstood Policy Proposal” by Oren Cass“In Defense of the Dismal Science” by Jason FurmanBook Recommendations:How the World Became Rich by Mark Koyama and Jared RubinThe Goodness Paradox by Richard WranghamThe Ladies’ Paradise by Émile ZolaThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones, Efim Shapiro and Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Tyler Cowen, Veronique de Rugy, Desmond Lachman, Lindsay Owens, Nathan Tankus, Isabella Weber and Sonia Herrero. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

4 Loka 20241h 30min

The most consequential and revealing exchange during the vice-presidential debate on Tuesday came toward the end, when JD Vance was asked whether he would seek to challenge this year’s election results. That one moment proved that he can’t be trusted with the office he seeks.But the 85 minutes preceding that moment had a lot of interesting policy discussion, so we couldn’t resist talking about that, too.This episode contains strong language.Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by our senior editor, Claire Gordon. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Mixing by Isaac Jones, with Aman Sahota. Our senior engineer is Jeff Geld. The show’s production team also includes Annie Galvin, Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

2 Loka 202451min

In a couple weeks, the archives of our show will only be available to subscribers. Here’s why that’s happening and what to expect. To learn more, go to nytimes.com/podcasts. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

1 Loka 20244min