World on Fire, Part 2: Global Conflict Has Surged to an 80-Year High. Why?

Inflation is the story that everybody keeps missing. In 2020, many people didn't expect inflation to rise. Wrong. In 2021, many expected inflation to be brief or "transitory." Wrong. Last month, many expected inflation to peak. wrong. In May, inflation reached its highest level in more than four decades. But there’s a bigger story to tell here. What are the subtler inflation numbers telling us about the future of the economy? And is the media being too pessimistic about the economy given how strong the labor market has been coming out of the pandemic? To answer those questions, Derek welcomes Justin Wolfers, a professor of public policy and economics at the University of Michigan. As you’ll hear, Wolfers is brilliant, straightforward, and incredibly un-shy about telling Derek when he thinks he's full of it. If you think Derek is full of it, or if you would like to drop a more complimentary line, send your notes, questions, and curiosities to PlainEnglish@spotify.com Host: Derek Thompson Guest: Justin Wolfers Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Juni 202250min

Today’s episode is about two California elections and the message they sent to the rest of the country. In San Francisco, progressive district attorney Chesa Boudin was recalled by voters after years of complaints about the rise of disorder, shoplifting, and homelessness in the city. In Los Angeles, Republican-turned-Democrat billionaire Rick Caruso had a strong showing running as a crimefighter in the L.A. mayoral primary. In the late 1970s, politics was defined by two topics: crime and inflation. Well, look around today: Various measures of crime are weighing on people, and inflation is near its 40-year high. Are we stepping into a time machine that’s taking us back to the '70s? To answer that question, we have journalist and author Ron Brownstein, a CNN senior political analyst, writer for 'The Atlantic,' and author of the book Rock Me on the Water: 1974, the Year Los Angeles Transformed Movies, Music, TV, and Politics. So if we are headed back to the '70s in a newly waxed maroon Pontiac Grand Am, this is the guy who can tell us what it means. Host: Derek Thompson Guest: Ron Brownstein Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

10 Juni 202241min

Welcome to Curiosity Corner! In our first ever all-mailbag episode, Derek answers a Republican’s question about gun control, explains how American companies became so political, revisits a controversial Amber Heard episode, and explains how the podcast comes together. Finally, in response to a couple that requested a wedding-day video, Derek veers out of the news lane and offers some relationship advice. If you’d like your questions answered on this show, send your first name and city or state to PlainEnglish@Spotify.com. Host: Derek Thompson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Juni 202235min

The Texas school shooting is part of a grisly ritual in American life. A tragedy, followed by mourning, followed by inaction, followed by several months, followed by another tragedy. What can be done? What WILL be done? This episode isn’t about false hope. It’s about information. The New York Times’s German Lopez, who has been reporting on guns and gun control policy for many years, joins the podcast to answer as many questions as we can fit into a show, including: Why are school shootings becoming more common in the U.S.? What are the most successful gun control policies at our disposal? Why doesn’t Washington ever do anything about this problem? What happens now? Oh, and Derek will be off next week. New episodes will return in early June! Host: Derek Thompson Guest: German Lopez Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Maj 202246min

It's our first Curiosity Corner podcast! We asked you to tell us what questions you wanted us to answer, and a lot of you had the same thought on your mind: housing. In this podcast, we answer: What's going on with the U.S. housing market? Is this a bubble? Is it bursting? Why are homes in America so expensive? Why are we so bad at building houses? Why is there so much homelessness in America's richest cities? The Atlantic's Jerusalem Demsas comes on the show to share her theories with Derek, and Derek explains why he thinks every important question about the U.S. housing market has the same fundamental answer: inventory, inventory, inventory. Keep sending your questions at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Jerusalem Demsas Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Maj 202254min

It's the trial of the century—kind of. The legal showdown between Johnny Depp and Amber Heard has captivated the country, and Derek is a bit confused. Why is everybody talking about this miserable celebrity relationship? Why are so many people obsessed with demonizing Amber Heard? Producer Devon Manze explains to Derek why she thinks the trial has conquered the news cycle, and The Atlantic's Kaitlyn Tiffany explains why the internet hates Amber, and what it says about the future of truth, fandom, and who we are on the internet. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Kaitlyn Tiffany Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

20 Maj 202240min

America's infant formula shortage is very strange and very embarrassing. Nationwide, more than 40 percent of formula is out of stock, and in many states, like Texas and Tennessee, more than half of it is gone. What's going on? The immediate cause is the shutdown of a Michigan plant. But shutdowns and recalls happen all the time, and they rarely cause a national crisis like this. Economist Scott Lincicome says the real culprit lies in America's trade and regulatory policy. He explains how we got here and how we can get back to a rational baby formula policy in America. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Scott Lincicome Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Maj 202244min

Crypto crashes, rate hikes, recession, fears, and inflation prints: The U.S. economy is in a very bizarre place right now, and Derek needs help explaining it. Michael Batnick and Ben Carlson of Ritholz Wealth Management are back on the pod to reconvene the economic roundtable. We play a game of "Finish the Sentence": The single most shocking stock market stat is …? The long-term bull case for crypto is ... ? The worst sign for the US economy is … ? The BEST sign about the US economy is …? If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guests: Michael Batnick and Ben Carlson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

17 Maj 202252min