Time Machine: Volcker Shock
Explain It to Me14 Heinä 2021

Time Machine: Volcker Shock

Vox's Dylan Matthews joins Matt and Dara for another step into Weeds Time Machine: a visit to the past to review some now-forgotten chapter in policy history. This week, it's a return to the late 1970s and a reexamination of "Volcker shock": an attempt by Fed Chairman Paul Volcker to cope with rising inflation, and the myriad consequences of his efforts. Our hosts discuss the oil crisis, stagflation, the curious relationship between central banking and fiscal policy, and give some much-needed reanalysis to this crucial and topsy-turvy time in American history. We are conducting an audience survey to better serve you. It takes about five minutes, and it really helps out the show. Please take our survey here: vox.com/survey Resources: Charts: Unemployment in the 1970s & Inflation in the 1970s "America's Peacetime Inflation: The 1970s" by J. Bradford De Long in Reducing Inflation: Motivation and Strategy, eds. Christina D. Romer and David H. Romer (U. Chicago; 1997) "Commentary" [on 1970s inflation] by Christina D. Romer (Federal Reserve Bank of St. Louis Review; 2005) Keeping At It: The Quest for Sound Money and Good Government by Paul Volcker (Public Affairs; 2018) "Other People's Blood" by Tim Barker (n+1; 2019) "Paul Volcker Was a Hero of the Ruling Class" by Doug Henwood (Jacobin; 2019) The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society by Binyamin Appelbaum (Little, Brown; 2019) "What really drives inflation" [on "Regulation Q"] by Itamar Drechsler, Alexi Savov, Philipp Schnabl (Sept. 11, 2019) "Paul Volcker's Complicated Latin American Legacy" by Tyler Cowen (Bloomberg; Dec. 10, 2019) "The Rise of Finance" by Jonathan Levy (Public Books; Nov. 22, 2011) Hosts: Matt Yglesias (@mattyglesias), Slowboring.com Dara Lind (@DLind), Immigration Reporter, ProPublica Dylan Matthews (@dylanmatt), Senior Correspondent, Vox Credits: Erikk Geannikis (@erikk38), Producer Ness Smith-Savedoff, Engineer As the Biden administration gears up, we'll help you understand this unprecedented burst of policymaking. Sign up for The Weeds newsletter each Friday: vox.com/weeds-newsletter. The Weeds is a Vox Media Podcast Network production. Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Why (some) food tastes better abroad

Why (some) food tastes better abroad

We tell the stories of three ingredients that can shine outside the US: beef, bread, and tomatoes. This episode was produced by Denise Guerra and Peter Balonon-Rosen, edited by Megan Cunnane, fact-checked by Melissa Hirsch, engineered by Adriene Lilly and hosted by Jonquilyn Hill. Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images. If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Loka 30min

Should we give toddlers phones?

Should we give toddlers phones?

What we know about early childhood and screens, including a surprising argument for introducing tech at a tender age. This episode was produced by Miles Bryan, edited by Megan Cunnane, fact-checked by Melissa Hirsch, engineered by Adriene Lilly and Patrick Boyd, and hosted by Jonquilyn Hill. Photo by CHARLY TRIBALLEAU/AFP via Getty Images.  You can find Dr. Jenny Radesky and her colleagues’ tool kit for parents here. If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Loka 29min

Is empathy toxic?

Is empathy toxic?

Society teaches us empathy is a good thing. But some are now saying the opposite, and science is complicating our assumptions too. This episode was produced by Avishay Artsy, edited by Megan Cunnane, fact-checked by Melissa Hirsch, engineered by Adriene Lilly and hosted by Jonquilyn Hill. Image credit Olga Pankova/Getty Images. If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Loka 30min

Who is the modern American dad?

Who is the modern American dad?

Young men are more interested in becoming parents than young women are, and there's a growing number of single dads by choice. A look at modern fatherhood. This episode was produced by Devan Schwartz, edited by Megan Cunnane, fact-checked by Melissa Hirsch, engineered by Adriene Lilly and hosted by Jonquilyn Hill.  Thanks to Jonquilyn Hill for sharing a family photo for our episode image today. Image of dad John and baby Jonquilyn courtesy of the Hill family. If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Syys 29min

A nation of jerks

A nation of jerks

Americans seem to be getting ruder. Are our attempts at making ourselves better actually making us worse? This episode was produced by Avishay Artsy, edited by Miranda Kennedy, fact-checked by Melissa Hirsch and Isabelle Lichtenstein, engineered by Matthew Billy and hosted by Jonquilyn Hill. Image: Francesco Carta Fotografo/Getty Images.  If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Syys 29min

Why horror kills at the box office

Why horror kills at the box office

Hollywood has always made money from vampires and brain-eating zombies. But this year's a record-breaker thanks to sequels, hilariously unlikely creators, and pure thrills. This episode was produced by Denise Guerra and Hady Mawajdeh, edited by Miranda Kennedy, fact-checked by Melissa Hirsch, engineered by Adriene Lilly and hosted by Jonquilyn Hill.  A detail from The Conjuring Museum Of The Occult based on "The Conjuring" films. Photo by David Benito/Getty Images.  If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Syys 30min

The United States is Southern now

The United States is Southern now

From #rushtok to country music, American culture is getting more and more southern. This episode was produced by Denise Guerra, edited by Miranda Kennedy, fact-checked by Melissa Hirsch, engineered by Matthew Billy and Adriene Lilly and hosted by Jonquilyn Hill. Photo of a Beyonce fan waiting to see her perform in LA by Rashida Zagon/For The Washington Post via Getty Images. If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Syys 30min

The golden age of exercise

The golden age of exercise

Americans are flocking to gyms and fitness classes. It wasn't always that way. This episode was produced by Hady Mawajdeh, edited by Miranda Kennedy with help from Naureen Khan, fact-checked by Melissa Hirsch, engineered by Andrea Kristinsdottir and hosted by Jonquilyn Hill. Photo of an outdoor group fitness class by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images. If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Elo 30min

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