Explain It to Me31 Aug 2021

Galaxy Brain Recession

Matt, Dara, and German use this week’s episode to explore the infrastructure bill before Congress. They focus on broadband access for rural and urban America and explore the purpose of the money being set aside for Amtrak. Parallels between the two emerge both in the need for connecting Americans and in the pitfalls facing this country if we fail to make progress. This week’s white paper is a study of a methodology for predicting recessions based on individuals' expectations of their own employment status and perception of the economy rather than a scientific dissection of impersonal macro data sets. Resources: “What’s in the new infrastructure bill — and why it’s a big deal” by German Lopez (Vox; Aug 10, 2021) White Paper: “The Economics of Walking About and Predicting Unemployment” by David G. Blanchflower & Alex Bryson (NBER; August 2021) Hosts: Matt Yglesias (@mattyglesias), Slowboring.com Dara Lind (@DLind), Immigration Reporter, ProPublica German Lopez (@germanrlopez), Senior Correspondent, Vox Credits: Ness Smith-Savedoff, Producer & Engineer Erikk Geannikis, Producer, Talk Podcasts As the Biden administration gears up, we'll help you understand this unprecedented burst of policymaking. Sign up for The Weeds newsletter each Friday: vox.com/weeds-newsletter. The Weeds is a Vox Media Podcast Network production. Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit podcastchoices.com/adchoices

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