Does Anybody Know How to Solve an American Debt Crisis?

Does Anybody Know How to Solve an American Debt Crisis?

On his 40th birthday, Derek Thompson takes a step back and looks at how his thinking on the national debt has changed. Back when he first covered fiscal policy, concern about government borrowing was mostly a conservative position, with many liberals arguing it was overblown. That’s starting to shift. The U.S. now spends far more than it brings in, and the gap is still growing. For the first time, interest payments on the debt have surpassed military spending. And deficits that once rose during crises like the Great Recession and the COVID pandemic haven’t really come back down. So what changed, and how worried should we be? Derek is joined by economist Justin Wolfers to walk through the basics of the federal budget, the evolving debate around the national debt, and why more economists are starting to take persistent deficits seriously. Host: Derek Thompson Guest: Justin Wolfers Producer: Devon Baroldi Additional Production Support: Ben Glicksman Visit https://www.uber.com/safety to learn more. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Jaksot(394)

"The End of Reading Is Here"

"The End of Reading Is Here"

There’s no doubt that reading is in decline. But what is that decline doing to the way we think? Derek talks with The Atlantic's Rose Horowitch about why Americans are reading fewer books than ever an...

28 Heinä 53min

What Translator Emily Wilson Thinks of Christopher Nolan’s ‘The Odyssey'

What Translator Emily Wilson Thinks of Christopher Nolan’s ‘The Odyssey'

Christopher Nolan's 'The Odyssey' has brought one of history's oldest stories back into the spotlight. It’s also sparked a fresh debate about what it means to adapt a classic. Today, Derek is joined ...

22 Heinä 59min

Why 'The Odyssey' Is the West’s Greatest Story

Why 'The Odyssey' Is the West’s Greatest Story

Christopher Nolan's 'The Odyssey' is finally here, but how exactly has a 3,000-year-old story endured long enough to become the foundation of Western storytelling? Derek is joined by Karen Ní Mheallai...

17 Heinä 1h 3min

A Philosopher’s One-Word Theory for Why the World Feels So Weird

A Philosopher’s One-Word Theory for Why the World Feels So Weird

Why does it feel like everything is more divided and exhausting than it used to be? Philosopher Agnes Callard has a surprisingly simple answer: the unicontext. It's her term for what happens when bill...

14 Heinä 58min

How Israel Is Transforming American Politics

How Israel Is Transforming American Politics

Peter Beinart joins Derek to unpack a major shift inside the Democratic Party. As Democratic Socialist-backed candidates notch a string of surprising primary victories, one issue has emerged as a defi...

7 Heinä 1h 4min

MEGAPOD: The Most Overrated American Who Ever Lived

MEGAPOD: The Most Overrated American Who Ever Lived

To celebrate America's 250th birthday, Derek is joined for a history draft by three of the country's leading historians: Beverly Gage, H.W. (Bill) Brands, and Richard White. The goal isn't to revisit ...

3 Heinä 1h 9min

A Surprising Theory About the Future of War

A Surprising Theory About the Future of War

From the bombing campaigns of World War II to the precision strikes of the modern era, for 80 years air power has defined modern warfare. But today, a new technology is changing the battlefield: drone...

30 Kesä 56min

SpaceX, AI Bubble Fears, and The Age of the Trillion-Dollar, Zero-Profit Company

SpaceX, AI Bubble Fears, and The Age of the Trillion-Dollar, Zero-Profit Company

For decades, investors valued companies based on a familiar formula: Grow revenue, earn profits, and reward shareholders. But a new era may be beginning - one where trillion-dollar companies can lose ...

26 Kesä 53min

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