Why the Question "Are We in a Recession?" Is Impossible to Answer

Why the Question "Are We in a Recession?" Is Impossible to Answer

On Thursday, the Bureau of Economic Analysis announced that GDP dropped for the second consecutive quarter, fueling fears that the economy is in a recession. Today's guest is Austan Goolsbee, a professor of economics at the University of Chicago Booth School of Business and the former chair of the Council of Economic Advisers under President Obama. In today’s episode, we talk about the most important details from the GDP report, investigate the curious case of America’s plummeting productivity, and talk about why the question "Are we in a recession?" is so annoyingly hard to answer.If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Austan Goolsbee Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episoder(389)

MEGAPOD: The Most Overrated American Who Ever Lived

MEGAPOD: The Most Overrated American Who Ever Lived

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3 Jul 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 Jun 56min

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

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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 Jun 53min

The Iran War Is Ending. Everybody Lost.

The Iran War Is Ending. Everybody Lost.

Four months ago, the U.S. and Israel launched a surprise attack on Iran. Supporters predicted a decisive victory that would curb Iran’s nuclear ambitions and reshape the balance of power in the Middle...

23 Jun 56min

The Donald Trump Corruption Scandal Draft

The Donald Trump Corruption Scandal Draft

What is Donald Trump good at? In his second administration, he promised lower prices, stronger manufacturing, and an end to foreign conflicts. Instead, inflation has risen, blue-collar job growth has ...

19 Jun 1h 8min

The Most Exciting Month of Medical Breakthroughs in Years

The Most Exciting Month of Medical Breakthroughs in Years

For years, scientists worried that medical progress was slowing down. Drug development became more expensive than ever with more complex clinical trials, and even then, many new treatments offered onl...

16 Jun 59min

Old-igarchy: How the Elderly Conquered American Power

Old-igarchy: How the Elderly Conquered American Power

Prior to the 1930s, old age in America often meant poverty. But thanks to Social Security, Medicare, medical advances, and rising asset prices, over the past 90 years, older Americans have become one ...

12 Jun 1h 1min

How Modern Fatherhood Is Changing Men’s Brains

How Modern Fatherhood Is Changing Men’s Brains

Humans are unusual dads. Across the animal kingdom, dads are often absent from child-rearing altogether. But among humans, fatherhood takes many forms, and in the last half century, it has changed dra...

9 Jun 1h 4min

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