A Democrat Who Is Thinking Differently

In recent months, the story of the U.S. economy has changed significantly. The January Consumer Price Index showed that annual inflation slowed for the seventh straight month. That month, the economy also added over half a million jobs, and unemployment reached 3.4 percent, its lowest level since 1969. In light of these trends, comparisons to the 1970s stagflation crisis have weakened, and the possibility of a “soft landing” looks increasingly likely.But that doesn’t mean we’ve achieved victory. While the headline inflation numbers have looked promising, the devil is in the details. Answers to questions like how fast inflation has actually slowed, whether that slowdown will continue, how likely a future recession is, and how the Fed should act all next come down to which statistics and indicators you are looking at.So I decided to bring on the Times Opinion columnist and Nobel laureate economist Paul Krugman to break down the data and what it says about inflation moving forward. We also discuss the debt ceiling crisis, why the Republican Party has failed to embrace a coherent economic agenda, whether the Biden administration’s industrial policy efforts could undermine its climate objectives, the 20th-century economics book that best explains why the United States has gotten so bad at building things, why Krugman — a longtime advocate of free trade — has come around to embrace greater protectionism, why he believes China’s economic ascendence is no longer inevitable, whether A.I. will replace huge numbers of white collar workers and more.Mentioned:“Recession, Inflation or Soft Landing in 2023?”by Free Expression“We’re Going to Miss Greed and Cynicism” by Paul KrugmanThe Rise and Decline of Nations by Mancur OlsonBook Recommendations:Slouching Towards Utopia by J. Bradford DeLongHow the War Was Won by Phillips Payson O’BrienNinth House by Leigh BardugoThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Michelle Harris, Rollin Hu, Mary Marge Locker and Kate Sinclair. Mixing by Sonia Herrero. Original music by Isaac Jones. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker and Kristina Samulewski. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

17 Feb 20231h 17min

For most of us, seeing an advertisement pop up while we’re scrolling on Instagram or reading an article or watching a video is the most banal experience possible. But in the background of those experiences is a $500 billion marketplace where our attention is being bought, packaged and sold at split-second speeds virtually every minute of every day. Online advertising is the economic engine of the internet, and that engine is fueled by our attention.Tim Hwang is the former global public policy lead for A.I. and machine learning at Google and the author of the book “Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet.” Hwang’s central argument is that everything about the internet — from the emphasis data collection to the use of the “like” button to the fact that services like Google Search and Facebook are free — flows from its core business model. But that business model is also in crisis. The internet is degrading the very resource — our collective attention — on which its financial survival depends. The resulting “subprime attention crisis” threatens upend the internet as we know it.So this conversation is about the economic logic that undergirds our entire experience of the internet, and how that logic is constantly warping, manipulating and shaping the most important resource we have — our attention. But it’s also about whether a very different kind of internet — build on a very different economic logic — is possible.Mentioned:“Does Quora Really Have All the Answers?” by Gary RivlinGoogle report: “5 Factors of Viewability”“Almost Impossible”Book Recommendations:Here Comes Everybody by Clay ShirkyThe Profiteers by Sally DentonJim Ravel’s Theatrical PickpocketingThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Roge Karma and Kristin Lin. Fact-checking by Kate Sinclair. Mixing by Sonia Herrero. Original music by Isaac Jones. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker and Kristina Samulewski. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

14 Feb 20231h 6min

Reading Rick Rubin’s production discography is like taking a tour through the commanding heights of American music over the past few decades. Jay-Z. Run-DMC. Beastie Boys. Slayer. The Red Hot Chili Peppers. Johnny Cash. Kanye West. Neil Diamond. Brandi Carlile. Eminem. Adele. And it’s not just his production credits: Rubin co-founded Def Jam Recordings and was a co-chairman of Columbia Records. What’s allowed him to work with so many different kinds of artists, across such a stunning range of genres, so successfully?In his new book, “The Creative Act: A Way of Being,” Rubin turns his philosophy of creativity into a manual for living. It is not, to be honest, the book I was expecting. It is less about music than mind states: awareness, openness, discernment, attunement to nature, nonjudgmental listening, trust in your own taste. It is at once mystical and practical, alive to the tensions of creation but intent on holding them gently. I found it unexpectedly moving.We discuss how Rubin listens to new music, the importance of staying open to the natural world, the difficulty of appreciating art that’s different from what you already like, the rituals that artists like Carlos Santana have when recording, why minimalist composers like Steve Reich are just as “extreme” as heavy metal bands, how Rubin helped Johnny Cash strip down his sound and revive his career, what it takes to level up your taste, the difficulty and gifts of awareness, the relationship between speed and art, how streaming culture is changing our taste, the kind of music that makes Rubin stop and pay attention and oh so much more. This one’s a delight.Mentioned:The Tao Te-Ching by Lao Tzu, translated by Stephen MitchellAmerican Recordings by Johnny Cash"Pulses" by Steve Reich and Erik HallMusic for Wobbling. Music Versus Gravity. by F.S. Blumm and Nils FrahmAlbum Recommendations:Forever Changes by LoveThe Beatles by The BeatlesRamones by RamonesThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Michelle Harris. Mixing by Sonia Herrero. Original music by Isaac Jones. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Jon Caramanica, Dan Charnas, Jack Hamilton, Felix Grimm, Carole Sabouraud and Kristina Samulewski. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

10 Feb 20231h 29min

In my columns and on this show over the past few years, I’ve argued that to achieve the goals liberals hold most dear, we need a liberalism that builds. A liberalism that builds everything from multifamily housing and mass transit systems to transmission lines and solar farms. And we need a liberalism that can build it all quickly, cheaply and effectively. But even in the places where liberals have governing power, they are often failing to do exactly that. Why?Nicholas Bagley is a law professor at the University of Michigan, the former chief legal counsel to Gov. Gretchen Whitmer and the author of a fascinating paper called “The Procedure Fetish.” In it, Bagley argues that liberals — liberal lawyers in particular — have helped hobble the very government they now need to act swiftly and decisively. It’s easy to see how conservatives have strategically used a thicket of procedures and paperwork to slow down government, but what Bagley shows is that liberals too have been complicit in that project — to the detriment of many of the very causes they hope to advance.So this is a conversation about what I’ve come to think of as the divided soul of American liberalism — one that simultaneously demands big government action while also constantly acting to restrain it. We also discuss the importance of the administrative state, what liberals often fail to understand about government legitimacy, how corporate interests end up “capturing” government agencies, why Bagley thinks that American politics broadly and the Democratic Party in particular have a “lawyer problem,” how government paralysis helps fuel the rise of right-wing populists like Donald Trump, what it will take to restore Americans’ trust in government, the problems with the public interest legal movement, how progressives are getting in the way of their own decarbonization agenda and more.Mentioned:“The Procedure Fetish” by Nicholas BagleyPresidents, Populism, and the Crisis of Democracy by William G. Howell and Terry M. Moe"There Has to Be a Better Way to Run the Government" by Ezra KleinBook Recommendations:Public Citizens by Paul SabinThe Fifth Risk by Michael LewisBabel by R.F. KuangThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Michelle Harris and Kate Sinclair. Mixing by Sonia Herrero. Original music by Isaac Jones. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker and Kristina Samulewski. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

7 Feb 20231h 20min

Ezra is out sick, so today, we’re sharing one of our favorite conversations — with Jenny Schuetz, a senior fellow at the Brookings Institution whose 2022 book “Fixer Upper: How to Repair America’s Broken Housing Systems,”  is perhaps the best, clearest overview of America’s housing problems to date.In this conversation, recorded in July 2022, Schuetz breaks down the politics and policies that have contributed to America’s multiple housing crises — from housing shortages and high homelessness rates in major cities to the increasing elusiveness of homeownership for many young Americans. We discuss why the states with the highest homelessness rates are all governed by Democrats, the roots of America’s homelessness crisis, why economists believe the U.S. gross domestic product could be over a third — a third! — higher today if American cities had built more housing, why it’s so hard to build housing where it’s needed most, the actual (and often misunderstood) causes of gentrification, why public housing has such a bad reputation in the U.S.; how progressives’ commitment to local democracy and community voice surprisingly lies at the heart of America’s housing crises, why homeownership is still the primary vehicle of wealth accumulation in America (and the toxic impact that has on our politics), what the U.S. can learn from the housing policies of countries like Germany and France, what it would take to build a better politics of housing and much more.This episode of “The Ezra Klein Show” is produced by Annie Galvin and Rogé Karma; fact-checking by Michelle Harris, Mary Marge Locker, Kate Sinclair and Rollin Hu; mixing by Sonia Herrero and Isaac Jones; original music by Isaac Jones; audience strategy by Shannon Busta. Special thanks to Kristin Lin and Kristina Samulewski. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

3 Feb 20231h 16min

Ezra is out sick, so today, we're sharing an episode from the New York Times Opinion podcast, “First Person.” Each week, the host Lulu Garcia-Navarro sits down with people living through the headlines for intimate and surprising conversations that help us make sense of our complicated world. This episode features Maurice Mitchell, the head of the Working Families Party.Mitchell has been an organizer for two decades, working in progressive politics and the Movement for Black Lives. In recent years, he’s watched progressive organizations torn apart by internal battles in the wake of #MeToo and B.L.M. Now he is speaking out about how he sees purity politics and a misplaced focus on identity derailing the left.You can find transcripts (posted midday) and more information for all episodes at nytimes.com/column/first-person.The episode was produced by Wyatt Orme, with help from Derek Arthur. It was edited by Stephanie Joyce and Kaari Pitkin. Mixing by Sonia Herrero and Isaac Jones. Original music by Isaac Jones, Sonia Herrero, Pat McCusker and Carole Sabouraud. Fact-checking by Mary Marge Locker and Kate Sinclair. The rest of the “First Person” team includes Anabel Bacon, Olivia Natt, Rhiannon Corby, Sophia Alvarez Boyd, Derek Arthur and Jillian Weinberger. Special thanks to Kristina Samulewski, Shannon Busta, Allison Benedikt, Annie-Rose Strasser and Katie Kingsbury. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

31 Jan 202336min

There are few issues on which the dominant consensus in Washington has changed as rapidly in recent years as it has on China. Donald Trump made taking on China a core pillar of his campaign and presidency. And while Joe Biden has toned down the harsh anti-China rhetoric of his predecessor, many of his administration’s policies have gone even further than Trump’s did.In October the Biden administration unveiled sweeping controls on advanced chip exports to China — a move that former Trump officials have described as a sharp break from where their administration’s policies were. And the Biden administration doesn’t intend on stopping there: It plans to roll out further controls that target China’s biotech and clean energy sectors.Meanwhile, Biden has repeatedly voiced such strong declarations of American military support for Taiwan that his own administration has had to walk them back. And, in Congress, China policy is one of the few areas Democrats and Republicans seem willing to work together — almost always in the direction of getting tougher on Beijing.Jessica Chen Weiss is a political scientist and China scholar at Cornell. From August 2021 to last July, she was a senior adviser in the Biden State Department. And she emerged from that experience as one of the most outspoken critics of Washington’s more hawkish turn regarding China. “The more combative approach, on both sides, has produced a mirroring dynamic,” Weiss wrote in a 2022 essay called “The China Trap.” She worries that Beijing and Washington are misreading each other’s ambitions, resulting in a “downward spiral” of mutual aggression that will leave both sides — and the world more broadly — less prosperous and secure.So I asked Weiss to come on the show to help me understand the state of U.S.-China relations and why she thinks it’s headed in the wrong direction.Mentioned:“The China Trap” by Jessica Chen Weiss“A World Safe for Autocracy?” by Jessica Chen WeissBook Recommendations:Seeking Truth and Hiding Facts by Jeremy L. WallaceOur Missing Hearts by Celeste NgSee No Stranger by Valarie KaurThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Michelle Harris. Original music by Isaac Jones. Mixing by Isaac Jones. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker and Kristina Samulewski. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

27 Jan 202351min

There are few stories that are more crucial to the world’s future than what’s happening in China. Take any of the most important issues of our time — climate change, geopolitics, the global economy, advanced technologies — and China is at the center of them. American politics itself has increasingly come to revolve around competition with China.In other words, what happens in China doesn’t stay in China — it reverberates through the global economy, the American political system and the international order. And a lot is happening in China right now. In November, China experienced what many have called its most significant protests since Tiananmen Square in 1989. In response, Beijing loosened its “zero Covid” policy, demonstrating a level of public responsiveness that shocked many observers of the increasingly authoritarian regime. However, that policy shift also unleashed a huge wave of infections and hospitalizations that puts the country’s immediate future in question.Yuen Yuen Ang is a professor of political economy, a China scholar at Johns Hopkins University and the author of “China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption.” Her basic argument is this: In order to understand what’s happening in China today (and what all of it could mean for its future) you need to first understand China’s unique, often misunderstood political system — one that Ang calls “autocracy with democratic characteristics.” Because we in the West are so fixated on how China selects its leaders, she argues, we’ve overlooked a more subtle but far more consequential revolution in how China is governed. That transformation of the Chinese political system is the deeper story behind both the country’s economic success — as well as its current troubles. And it provides an illuminating lens through which to view American politics as well.Mentioned:“An Era Just Ended in China” by Yuen Yuen Ang“The Problem With Zero” by Yuen Yuen Ang“The Procedure Fetish” by Nicholas BagleyBook Recommendations:From The Soil by Fei XiaotongFei Xiaotong and Sociology in Revolutionary China by R. David ArkushThe Fractalist by Benoit MandelbrotThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Michelle Harris and Kate Sinclair. Original music by Isaac Jones. Mixing by Jeff Geld. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Carole Sabouraud and Kristina Samulewski. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

24 Jan 20231h 19min