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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Episoder(404)

The Truth About Mississippi's Education "Miracle"

The Truth About Mississippi's Education "Miracle"

Education outcomes have been getting worse across much of the world, with reading and math scores falling to historic lows. The U.S. has seen some of the steepest declines in decades. But, why does ...

18 Sep 56min

Why Experts Keep Getting the Economy So Wrong

Why Experts Keep Getting the Economy So Wrong

Expert economists keep making predictions about America’s financial future, and those predictions keep being … wrong. Over the past few years, we’ve heard warnings about a recession, inflation, tariff...

15 Sep 58min

What’s the Point of College?

What’s the Point of College?

Trust in American higher education is near a historic low. Tuition has soared, and the payoff for a college degree is now in question as graduates face a weird and challenging job market. Simultaneous...

11 Sep 56min

The New Book That Scares Big Tech

The New Book That Scares Big Tech

In the late 19th century, a railroad boom fueled by easy money, speculative investment, and new technology helped kick off one of the worst financial crises in American history. Sound kind of familiar...

8 Sep 59min

AI Slop Is Breaking the Internet. Can We Save It?

AI Slop Is Breaking the Internet. Can We Save It?

So many people seem to hate AI, and it’s not just because it might displace millions of jobs, destroy the world, or deepen distrust in big corporations and government. The reason might actually be sim...

1 Sep 56min

Why Everything Is Going to Keep Getting More Expensive

Why Everything Is Going to Keep Getting More Expensive

For much of the 21st century, the U.S. economy was built around cheap money. Today, though, interest rates are rising, and borrowing is getting much more expensive. At the same time, the federal gover...

25 Aug 41min

Higher Education’s Age of ‘Insufferable Hypocrisy’

Higher Education’s Age of ‘Insufferable Hypocrisy’

It would be an understatement to say that higher education is in crisis, as it faces attacks from both the current presidential administration as well as issues of its own making, like diversity polit...

18 Aug 1h 2min

It May Be Time to Freak Out About AI

It May Be Time to Freak Out About AI

Today, Derek talks with cybersecurity expert Alex Stamos about a recent wave of alarming AI cyberattacks. For decades, one of the biggest fears about AI has been that the machines will start doing thi...

14 Aug 1h 17min

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