Honestly with Bari Weiss6 Elo 2024

What to Do When the Market Drops? Call Larry Summers.

On Monday, the markets had one of its worst trading days since the 2008 financial crisis. Stocks tumbled around the world, with a global sell-off, amid fears of a recession. The VIX (an index often called “Wall Street’s Fear Gauge”) was at times today as high as we saw it when the economy was shutting down for Covid. This comes on the tail of a pretty insane news cycle: a presidential assassination attempt, Joe Biden dropping out of the race, the coronation of a new Democratic nominee, a stolen election (actually) in Venezuela, a Middle East on the brink of war. . . should I go on? But the most pressing issue to most Americans is and always has been the economy. And with everything else going on, many of us have been paying far too little attention to the economic story here at home, and the policies that may have brought us to this moment we find ourselves in today. To explain how we got here is Larry Summers. Summers was Secretary of the Treasury under President Clinton, and he was the director of the National Economic Council under President Obama. He was president of Harvard for five years. And he is one of the world’s most prominent economists. Today: What is going on in the market? What caused it? Was it avoidable? What happens next? And what are the long-term repercussions? If you liked what you heard from Honestly, the best way to support us is to go to thefp.com and become a Free Press subscriber today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(360)

We Ignored Salman Rushdie’s Warning

We live in a culture in which many people believe that words are violence. In this, they have much in common with Iranian Ayatollah Ruhollah Khomeini, who issued the first fatwa against Salman Rushdie...

16 Elo 202216min

The Senate’s Only Black Republican Says: Stop Being Pessimistic

Tim Scott is a rare bird: He is the only black Republican in the Senate. But the quality that makes him arguably more unique at the moment is his optimism. Much of that optimism comes from his own st...

10 Elo 202257min

Sex, Porn, Feminism: A Debate!

It’s hard to think of an invention that has been more transformative to women than the birth control pill. Suddenly, American women possessed a power that women never before in history had: They could...

3 Elo 20221h 35min

The Eternally Radical Idea

There is no organization that’s done more to fight for freedom of speech on American campuses over the past 20 years than FIRE, The Foundation for Individual Rights in Education. If you care deeply ab...

27 Heinä 20221h 10min

Election Denial: A Roundtable

Denying the outcome of elections has become alarmingly popular these days. In one corner, Democrats are claiming that gerrymandering has made our elections illegitimate, that the Senate is anti-Democ...

20 Heinä 20221h 30min

The Infamous Andrew Schulz

There’s a tried-and-true playbook for comedians who want to make it big: hit the road, get in front of as many audiences as possible, and try to grab the attention of the TV executives who decide whic...

15 Heinä 20221h 5min

Does Glorifying Sickness Deter Healing?

In Bari’s view, Freddie deBoer is one of the best writers in the country. It’s not because she always agrees with him. Hardly. Freddie is a self-described Marxist. What she appreciates about him is t...

13 Heinä 20221h 27min

The New Founders America Needs

There are nearly 4000 universities in the U.S.. Many of them have billions of dollars in endowments and histories that go back to well before the country's founding. So you'd be forgiven for thinking ...

7 Heinä 202244min