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(562)

Building a Wealthier, Fairer Society

Building a Wealthier, Fairer Society

Historically, Western societies were defined by stark divisions between wealth and poverty, with only a slim middle class. Today, the economic landscape has transformed, largely through political and institutional changes that have enabled wealth distribution and middle-class growth. Economist Daniel Waldenström explores this evolution, highlighting that effective social and tax policies are essential to advancing shared prosperity without undermining entrepreneurship. Using rigorous research, Waldenström’s work demonstrates how wealth accumulation patterns have shifted since the 1800s, emphasizing the significant role of increased access to education, property ownership, and pensions. His insights advocate for policies that promote wealth creation across all social tiers, ensuring sustainable growth and financial security for future generations. Shermer and Waldenström cover the scientific basis of economics, how personal beliefs shape economic theories, and differences between income and wealth inequality. They delve into historical wealth disparities, factors that have driven middle-class growth, and policies like the Laffer Curve and labor taxation. Waldenström also offers practical advice on fiscal policy and strategies to help poorer nations achieve wealth and stability.

7 Des 20241h 23min

Gareth Gore Investigates: Opus Dei, Dark Money, and Global Deception

Gareth Gore Investigates: Opus Dei, Dark Money, and Global Deception

Banco Popular, once a top global bank, collapsed unexpectedly in 2017. Investigative journalist Gareth Gore initially expected to find another case of capitalist greed, but instead uncovered a web of deception orchestrated by men linked to Opus Dei. Gore’s investigation revealed decades of hidden corruption, with Opus Dei using its control over the bank to amass wealth and spread its influence. Using access to insider accounts and bank records, Gore exposed how Opus Dei recruited vulnerable individuals—often children—into lives of servitude. His findings also unveiled Opus Dei’s financial ties to far-right movements, including its role in overturning Roe v. Wade, raising important questions about the forces shaping modern society. Shermer and Gore discuss Opus Dei’s role in the collapse of Banco Popular, its influence in politics, and the group’s history. They explore Opus Dei’s abusive practices, financial power, and efforts to spread its agenda, including through human trafficking and infiltration of institutions. Gore also explains its ties to the erosion of democracy and its influence on U.S. policies, from reproductive rights to LGBTQ+ issues.

3 Des 202458min

The Current State of Atheism and Separation of Church and State

The Current State of Atheism and Separation of Church and State

In this thought-provoking conversation, Dan Barker, a former evangelical preacher turned prominent atheist and co-president of the Freedom from Religion Foundation, explains the current state of separation of Church and State, the influence of Catholicism on the Supreme Court, and the ongoing debates surrounding public education and religious symbols. Barker also discusses the legal challenges tackled by his organization, and introduces “Contraduction,” a new philosophical concept that reexamines how beliefs and arguments can reverse in order and meaning. Plus, the moral implications of belief systems and the fine-tuning argument for the existence of God, the nature of nothingness, and free will. Dan Barker is co-president of the Freedom From Religion Foundation, co-host of Freethought Radio, and co-founder of The Clergy Project. He worked 19 years as an evangelical minister and is a member of the Lenape (Delaware) tribe of American Indians. His new book is Contraduction.

30 Nov 20241h 27min

Paul Ehrlich on The Population Bomb, Climate Change, and the Ethics of Extinction

Paul Ehrlich on The Population Bomb, Climate Change, and the Ethics of Extinction

Paul Ehrlich reflects on his extensive career, including what he got wrong in The Population Bomb, the challenges of population growth, and the critical issue of biodiversity loss. He also discusses the importance of education and wealth in promoting environmental stewardship, the role of nuclear power, and the ethical dilemmas of cloning extinct species. Paul Ehrlich is Professor Emeritus of Population Studies in the Department of Biology and the president of the Center for Conservation Biology at Stanford University. He is the author of The Population Bomb. His new book is Before They Vanish: Saving Nature’s Populations—and Ourselves.

26 Nov 20241h 3min

From the Big Bang to God: The Universe’s Biggest Mysteries

From the Big Bang to God: The Universe’s Biggest Mysteries

Journey to the frontiers of human knowledge with astrophysicist Kelsey Johnson as she explores mind-bending questions about the cosmos. Rather than just celebrating what we know, Johnson delves into the profound mysteries that remain unsolved—from the Big Bang to black holes—and examines how these uncertainties intersect with philosophy, theology, and human understanding. Kelsey Johnson is a professor of astronomy at the University of Virginia, former president of the American Astronomical Society, and founder of the award-winning Dark Skies, Bright Kids program. She has won numerous awards for her research, teaching, and promotion of science literacy. She lives in rural Virginia with her family, including two very large dogs. Her new book is Into the Unknown: The Quest to Understand the Mysteries of the Cosmos. Shermer and Johnson engage in a wide-ranging discussion covering fundamental questions about knowledge, existence, and the nature of our universe. Their conversation spans from the origins of the cosmos and the mysteries of dark matter to the possibilities of alien life and multiple dimensions. They explore philosophical concepts like free will, the mathematical nature of the universe, and the intersection of science with theology.

23 Nov 20241h 38min

Inventing God: Psychology of Belief and the Rise of Secular Spirituality

Inventing God: Psychology of Belief and the Rise of Secular Spirituality

Michael Shermer interviews Jon Mills, a psychoanalyst and philosopher, on a variety of topics, including the evolution of psychoanalysis, the dynamics of therapeutic relationships, and the psychological roots of aggression and trauma. Mills explains Freud’s lasting influence, the moral implications of aggression, and the role violence plays in society. The conversation also explores how trauma affects individuals and families across generations and the difficulty of understanding human behavior when faced with global challenges. The discussion extends to broader issues such as individuality, the struggles faced by modern youth, and the evolution of belief in God. Shermer and Mills discuss how technology impacts mental health and the pursuit of spirituality without relying on traditional religion. Jon Mills, PsyD, PhD, ABPP, is a philosopher, psychoanalyst, and clinical psychologist. His two latest books are Inventing God: Psychology of Belief and the Rise of Secular Spirituality, and End of the World: Civilization and its Fate.

19 Nov 20241h 20min

2024 Election Postmortem

2024 Election Postmortem

In this special solo episode, Michael Shermer reflects on the 2024 election.

14 Nov 202425min

Fentanyl and the Opioid Epidemic

Fentanyl and the Opioid Epidemic

In 2023, 107,543 Americans died from an overdose—over 75 thousand of those overdosed from fentanyl. This is almost double the number of people who died in car accidents or from gun homicides that year. Fentanyl has been cut into heroin for years, but now is often mixed into meth and cocaine, fueling rising death counts for those drugs, a troubling development, considering that Americans are much more likely to try meth and cocaine than heroin. In Canada, the numbers are similarly astronomical, and fentanyl deaths have marched upward in Australia and many European countries as well. Ten years ago, fentanyl and its analogues overtook heroin to become the deadliest drug in Sweden. “Fentanyl is the game changer,” Special Agent in Charge James Hunt of the US Drug Enforcement Administration (DEA) told Vice News. “It’s the most dangerous substance in the history of drug tracking. Heroin and cocaine pale in comparison to how dangerous fentanyl is.” Ben Westhoff is a best-selling investigative journalist focused on drugs, culture, and poverty. His book Fentanyl, Inc.: How Rogue Chemists Created the Deadliest Wave of the Opioid Epidemic is the bombshell first book about fentanyl. Since its publication, Westhoff has advised top government officials on the fentanyl crisis, including from the White House Office of National Drug Control Policy, U.S. Senate and House of Representatives, the U.S. embassy in Beijing, and the U.S. State Department.

12 Nov 20241h 11min

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