Harsh Truths About 2024 and the Future of the U.S. Economy

Harsh Truths About 2024 and the Future of the U.S. Economy

On today's episode: the state of American politics and the future of America's economy. Derek discusses a media myth in the aftermath of the failed Trump assassination attempt and reviews three basic truths about Joe Biden's doomed presidential bid. Then, Chicago Fed president Austan Goolsbee joins the show to answer Derek's blunt question, "Are you going to cut rates next month?" Plus, they discuss the Federal Reserve, how it works, how he sees the economy, whether high rates are constraining housing production, and whether Trump's signature economic policy idea—high tariffs in an age of global inflation—would help the U.S. economy. (TLDR: No.) If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Austan Goolsbee Producer: Devon Baroldi Links: “Stop Pretending You Know How This Will End,” Derek Thompson, The Atlantic “Hit or Miss? The Effect of Assassinations on Institutions and War,” by Benjamin Jones and Benjamin Olken Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episoder(402)

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

Why Americans Hate Data Centers

Why Americans Hate Data Centers

It seems a universal fact that AI has become an indispensable part of the American economy. At the same time, opposing AI has also become one of the most influential causes in American politics. Nowhe...

11 Aug 1h 3min

Why America Is Switching From Booze to Weed

Why America Is Switching From Booze to Weed

Two extraordinary trends are happening in the United States simultaneously. One is that alcohol consumption is declining precipitously. The share of Americans who drink has hit a record low since Gall...

5 Aug 1h 9min

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