301. Alan Blinder — A Monetary and Fiscal History of the United States

301. Alan Blinder — A Monetary and Fiscal History of the United States

Shermer and Blinder discuss: serving on Bill Clinton’s Council of Economic Advisers • being the Vice Chair of the Federal Reserve Board • What kind of science is economics? • how one’s political leanings influence cause-and-effect economic theories • the difference between monetary and fiscal policy • a Keynesian approach to economics • inflation, stagflation, recessions, depressions, Bull and Bear markets defined • interest rates • the Federal Reserve • the money supply • What makes money valuable without the gold standard? • how the government can give billions of dollars in COVID relief and other programs • deficit spending • business cycles/boom-and-bust cycles • Reagonomics/trickle-down economics • Is GDP the best measure of an economy’s success? • unemployment and full employment: what’s the right percentage? • income tax: what’s the right percentage? • the best investments to make in the long run • modern monetary theory, and • utility maximizing.

Alan S. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University, a former vice chair of the Federal Reserve Board, and a former member of the President’s Council of Economic Advisers. A regular columnist for the Wall Street Journal, he is the author of many books, including the New York Times bestseller After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead. He lives in Princeton, New Jersey

Episoder(561)

Does the West Need a Religious Revival? (Shermer Solo)

Does the West Need a Religious Revival? (Shermer Solo)

A few reflections on religion following The Free Press debate in Austin, TX on February 27, 2025. Michael Shermer and Adam Carolla (atheists) faced off against Ayaan Hirsi Ali and Ross Douthat (Christians). You can watch the debate here: https://www.thefp.com/p/watch-does-the-west-need-a-religious

11 Mar 37min

Money, Lies, and God

Money, Lies, and God

Michael and Katherine Stewart discuss the rise of religious nationalism in America, its impact on public education, and the broader implications for democracy. They explore the strategies employed by religious groups to infiltrate public schools, the culture wars surrounding education, and the divisive nature of the New Right. Katherine Stewart is the author of The Power Worshippers: Inside the Dangerous Rise of Religious Nationalism, the award-winning book upon which the documentary feature, God & Country, produced by Rob Reiner, is based. She has covered the intersection of faith and politics for over 15 years. Her new book is Money, Lies, and God.

11 Mar 1h 37min

Who Counts? Ethics in the Treatment of Animals and AI

Who Counts? Ethics in the Treatment of Animals and AI

Michael Shermer and Jeff Sebo explore moral philosophy, focusing on animal rights, sentience, and consciousness. They discuss the definitions of morality, ethical pluralism, and the divide between consequentialism and deontology. The conversation examines who belongs in our moral circle, the ethics of insect farming, the future of animal agriculture, abortion, and whether advanced AI could be considered sentient beings or even co-citizens.

8 Mar 1h 27min

New Research on The Evolution of Intelligent Life

New Research on The Evolution of Intelligent Life

The guests today are co-authors of a new paper in Science Advances titled: “A reassessment of the ‘hard-steps’ model for the evolution of intelligent life.” Jennifer Macalady is a Professor of Geosciences at the Pennsylvania State University. Her research is focused on microbial ecology and evolution, and interactions between microorganisms and Earth materials like minerals and water through geologic time. Daniel B. Mills is a postdoctoral researcher in the Orsi Geomicrobiology Lab at The University of Munich in Germany. His research focuses on the co-evolutionary history of Earth's surface environment and eukaryotic life—a topic he approaches by studying modern marine organisms and environments. He also applies this research to the ongoing search for exoplanetary biosignatures and technosignatures. Shermer, Mills, and Macalady discuss the Hard Steps model of the evolution of intelligent life, the Drake Equation, the Fermi Paradox, the Great Filter, and the Great Silence. They also cover the Rare Earth hypothesis, major transitions in evolution, the uniqueness of humans, and the search for biosignatures and technosignatures.

2 Mar 1h 12min

Sex Work, Ethics, and Evolutionary Psychology: What REALLY Happens on Sugar Daddy Websites?

Sex Work, Ethics, and Evolutionary Psychology: What REALLY Happens on Sugar Daddy Websites?

What is a sugar daddy, really? The answer might disturb you. Brook Urick takes us into the shadowy world of sugar dating, where young women are lured into dangerous situations under the guise of financial security. From being a would-be sugar baby to becoming the public face of SeekingArrangement, Urick unveils the unsettling truth about these platforms and their role in enabling predatory behavior. Urick’s revelations go beyond personal experience. She exposes how these websites intentionally protect exploiters, with their founder even caught in a sting operation attempting to meet a minor. With the passage of FOSTA-SESTA in 2018, making these platforms criminally liable, she questions why they still exist. Her goal? To bring public awareness and legal scrutiny to an industry built on deception and harm. Shermer and Urick discuss the realities of sugar dating, the blurred lines between sex work and exploitation, and the psychology of men and women in the industry. They explore legal and ethical debates, feminist perspectives, and societal consequences of prostitution and pornography. Urick shares her experiences at SeekingArrangement, including the dangers young women face and the website’s role in fostering systemic abuse and deception.

18 Feb 1h 45min

Half a Thousand Episodes: Still Chasing Truth

Half a Thousand Episodes: Still Chasing Truth

In our 501st episode, Michael Shermer takes a moment to reflect on his long journey with skepticism and what he learned recording half a thousand episodes of this podcast. He shares his thoughts on what it means for something to be truly “real” by comparing our personal experiences with evidence-backed facts, tackles the challenge of controversial and extraordinary claims, and even explores how mystical ideas or literary works can offer their own kind of truth.

11 Feb 37min

The Faith Deficit: Does America Need a Spiritual Backbone?

The Faith Deficit: Does America Need a Spiritual Backbone?

What happens to American democracy if Christianity is no longer able, or no longer willing, to perform the functions on which our constitutional order depends? Jonathan Rauch—a lifelong atheist—reckons candidly with both the shortcomings of secularism and the corrosion of Christianity. Thin Christianity, as Rauch calls the mainline church, has been unable to inspire and retain believers. Worse, a Church of Fear has distorted white evangelicalism in ways that violate the tenets of both Jesus and James Madison. What to do? For answers, Rauch looks to a new generation of religious thinkers, as well as to the Church of Jesus Christ of Latter-day Saints, which has placed the Constitution at the heart of its spiritual teachings. In this timely critique Rauch addresses secular Americans who think Christianity can be abandoned, and Christian Americans who blame secular culture for their grievances. The two must work together, he argues, to confront our present crisis. He calls on Christians to recommit to the teachings of their faith that align with Madison, not MAGA, and to understand that liberal democracy, far from being oppressive, is uniquely protective of religious freedom. At the same time, he calls on secular liberals to understand that healthy religious institutions are crucial to the survival of the liberal state. Jonathan Rauch is a senior fellow in the Governance Studies program at the Brookings Institution in Washington DC and a contributing writer of The Atlantic. His new book is Cross Purposes: Christianity’s Broken Bargain with Democracy.

4 Feb 1h 29min

The Psychology of Serial Killers

The Psychology of Serial Killers

Dr. Rachel Toles, a licensed forensic psychologist, delves into the psychology of criminals, addressing the motivations behind some of the world’s most notorious killers. Her expertise spans trauma, addiction, and impulse control, culminating in her upcoming U.S. theater tour, The Psychology of a Murderer. Through captivating case studies, Toles sheds light on the dark corners of human behavior. In her show and forthcoming book, Toles examines the pathways leading ordinary people to commit extraordinary violence. She explores infamous cases, including Jeffrey Dahmer and Charles Manson, while revealing a proprietary formula for understanding evil. Her work intertwines cutting-edge psychology with gripping storytelling, leaving audiences both disturbed and enlightened. Shermer and Toles discuss the psychology of mass murderers, causes of evil, and the fascination with true crime. They analyze infamous killers like Dahmer, the Menendez Brothers, and Manson, exploring traits like narcissism and psychopathy. Topics include experiments like Milgram’s and the Stanford Prison Study, factors driving violence, and why ordinary individuals can commit atrocities.

28 Jan 1h 59min

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