Ben Bernanke: “Like being a paleontologist”

Ben Bernanke: “Like being a paleontologist”

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed’s philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. Episode two of the second series covers the life and crisis-era times of Ben Bernanke, the man who filled Alan Greenspan’s big shoes and ran the Fed from 2006 to 2014. A shy but world-renowned monetary economist and historian of the Great Depression, Bernanke was left holding the proverbial bomb when the financial system came close to collapse in 2008. To discuss Bernanke, Tim is joined by David Wessel, author of In FED We Trust: Ben Bernanke's War on the Great Panic (Crown, 2010). “It wasn't obvious when he was appointed to the Fed in 2006 that having somebody who had spent their life studying the Great Depression would be well equipped to be Alan Greenspan's successor,” says Wessel. “I have sometimes said it was a like being a paleontologist. It's very nice that you know a lot about dinosaurs, but what use is that to us today until one day a Stegosaurus appears on the horizon. And it was remarkable good fortune for the country and the world that there was a guy who happened to have studied all the mistakes that the Fed made in the 1920s and the 1930s in a position to do something about it when a situation, not all that dissimilar, appears both to his surprise and to almost everybody else's”. Wessel is two-time Pulitzer Prize winning journalist who now runs the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. For 30 years, he worked at the Wall Street Journal - reporting mostly from Washington and covering economics and the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Drew Maciag, “Edmund Burke in America: The Contested Career of the Father of Modern Conservatism” (Cornell UP, 2013)

Drew Maciag, “Edmund Burke in America: The Contested Career of the Father of Modern Conservatism” (Cornell UP, 2013)

Drew Maciag, author of Edmund Burke in America: The Contested Career of the Father of Modern Conservatism (Cornell University Press, 2013) spoke with Ray Haberski about the intellectual challenges Burke raised in a time of democratic revolutions and the legacy he left for thinkers who attempted to leverage tradition in the face of political change. Maciag’s book is well-written and smartly conceived. His subject spans the entire history of the United States, from the Revolution to the present day, and introduces readers to American thinkers who continue deserve our attention. He also does an expert job addressing the conflict between liberalism and conservatism by demonstrating the roles historical contingency and personality play in shaping these complicated terms. Maciag’s book serves a diverse community of readers, from academics looking for smart arguments about political theory to general readers who are interested in origins and development of the poles of American politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

28 Juni 201358min

Christopher Tienken and Donald Orlich, “The School Reform Landscape: Fraud, Myth, and Lies” (Rowman and Littlefield, 2013)

Christopher Tienken and Donald Orlich, “The School Reform Landscape: Fraud, Myth, and Lies” (Rowman and Littlefield, 2013)

Christopher Tienken and Donald Orlich are authors of the provocative new book, The School Reform Landscape: Fraud, Myth, and Lies (Rowman and Littlefield 2013). Dr. Tienken is an assistant professor in the College of Education and Human Services at Seton Hall University, and is also currently the editor of the American Association of School Administrators Journal of Scholarship and Practice and the Kappa Delta Pi Record. Dr. Orlich is professor emeritus of education and science instruction at Washington State University, Pullman. Their new book is an unabashed critique of nearly five decades of school reform and the questionable assertions and arguments made by many advocates for standardization, nationalization, and corporatization of public schools. They refer to the famed “Sputnik” moment of the 1950s as a manufactured crisis that Bon Jovi might call a “vagabond king wearing a Styrofoam crown”. They call A Nation at Risk, the landmark study of educational performance in US schools, “an intellectually vapid and data challenged piece of propaganda” and the current federal law, No Child Left Behind, “Stalinist-inspired”. Deep down, this book is a critique of the neoliberal theory of government applied to education. Tienken and Orlich argue that standardization, testing, and charter schools have been foisted upon local school in deference to neoliberalism, rather than in service of students. They suggest that better policies can better improve education. A few highlights from the podcast interview. On Sputnik and Bon Jovi: “Bon Jovi and Sambora have a song off the album, These Days, and the song is called These Days, and in that song they use phrase “vagabond king wearing a Styrofoam crown”. And I heard that phrase and it struck me: yes, that really sums up Sputnik in one phrase, Sputnik is the really the genesis of the school bashing and the current school reform movement. Everyone refers to it as if it was a meaningful event in terms of school reform.” On A Nation at Risk: “When you read A Nation at Risk, we challenge anyone to go ahead and find the actual data to support the claims and conclusions they draw.” On federal education policy: “Under Obama and the Republicans in terms of the Common Core State Standards and new national testing initiatives, so really for the first time in this country’s history, curriculum is being determined by a small group of elites far away from your kids’ and my kids’ schools. That is problematic culturally but also educationally.” Learn more about your ad choices. Visit megaphone.fm/adchoices

13 Maj 201324min

Daniel McCool, “The Most Fundamental Right: Contrasting Perspectives on the Voting Rights Act” (Indiana UP, 2012)

Daniel McCool, “The Most Fundamental Right: Contrasting Perspectives on the Voting Rights Act” (Indiana UP, 2012)

Daniel McCool, professor of political science at the University of Utah, is the editor of The Most Fundamental Right: Contrasting Perspectives on the Voting Rights Act (Indiana University Press, 2012). The VRA was one of the center pieces of the civil rights legislation passed in the 1960s. The Act aimed to address great inequities in access to and participation in voting, particularly among African Americans. Perhaps most controversially, the law labeled a handful of states that were deemed the most egregious violators of voting rights, and required them to gain pre-clearance from the Department of Justice on any changes in state voting procedures. Nearly fifty years later, is the case for the VRA still so pressing or are modifications or a complete overhaul called for? This timely collection provides deep theoretical and empirical justifications for the VRA, and equally well-developed arguments in opposition. One finished the collection more informed and a little unsure of what is called, both signs of a well-edited volume. The timeliness of this book cannot be overstated. On Wednesday February 26, 2013, the Supreme Court hears arguments in the Voting Rights case of Shelby County v Holder. Learn more about your ad choices. Visit megaphone.fm/adchoices

27 Feb 201320min

Scott Farris, “Almost President: The Men Who Lost the Race But Changed the Nation” (Lyons Press, 2011)

Scott Farris, “Almost President: The Men Who Lost the Race But Changed the Nation” (Lyons Press, 2011)

Mitt Romney must feel like Charlie Brown. Always facing an uphill climb against a popular incumbent, Romney truly believed he would kick the veritable football and take the White House. Unfortunately for the GOP, Lucy (Obama) jerked the football away leaving Romney to fall flat and conservatives to wander the political wilderness. Take heart Mitt Romney–Scott Farris has written the book for you. Scott Farris‘ Almost President: The Men Who Lost the Race But Changed the Nation (Lyons Press, 2011) details how “losers” changed American politics. A journalist who has dabbled in the dark arts of politics, Farris has spent decades writing about state and national politicians. Understanding this rare species enabled him to pen a sprawling work that depicts nineteenth, twentieth and twenty-first century losers. This is a fine book and fun read. Listen to the interview, buy the book and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

30 Jan 201357min

Scott Melzer, “Gun Crusaders: The NRA’s Culture War” (NYU Press, 2012)

Scott Melzer, “Gun Crusaders: The NRA’s Culture War” (NYU Press, 2012)

Scott Melzer is the author of Gun Crusaders: The NRA’s Culture War (New York University Press, 2012). Scott earned his Ph.D. from the University of California, Riverside and now is an associate professor of Sociology at Albion College. His book adds to the growing list of scholarship on gun control and gun rights. Scott’s disciplinary background in Sociology contributes to a better understanding of the nature of the NRA’s members, the links between their views towards guns and other issues, and what lies ahead for the organization. Through in-depth interviews with NRA members, we learn more about what it means to be a part of this organization, something few scholars have addressed directly in the past. The book is both a great read about policy, about an influential interest group, but also about the sociology of an organization. Learn more about your ad choices. Visit megaphone.fm/adchoices

13 Dec 201225min

Thomas Holyoke, “Competitive Interests: Competition and Compromise in American Interest Group Politics” (Georgetown University Press, 2011)

Thomas Holyoke, “Competitive Interests: Competition and Compromise in American Interest Group Politics” (Georgetown University Press, 2011)

Thomas Holyoke has recently published Competitive Interests: Competition and Compromise in American Interest Group Politics with Georgetown University Press (2011). Tom is an Associate Professor of Political Science at California State University – Fresno. His book advances political science knowledge of the political process through an in-depth analysis of the role of interest groups. The book is based on interviews with nearly 90 lobbyists who have advocated on issues as varied as environmental policy to banking reform. The book contributes a rich empirical analysis supported by statistical models, but also a careful development of theory. Holyoke speaks to both the interest group audience and the wider field of American politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

28 Nov 201229min

LIsa Bedolla and Melissa Michelson, “Mobilizing Inclusion: Transforming the Electorate through Get-Out-The-Vote Campaigns” (Yale University Press 2012).

LIsa Bedolla and Melissa Michelson, “Mobilizing Inclusion: Transforming the Electorate through Get-Out-The-Vote Campaigns” (Yale University Press 2012).

Lisa Garcia Bedolla and Melissa Michelson are the co-authors of Mobilizing Inclusion: Transforming the Electorate through Get-Out-The-Vote Campaigns (Yale University Press 2012). Lisa is associate professor of social and cultural studies at the University of California, Berkeley, and Melissa Michelson is professor of political science at Menlo College. Their book takes up the challenge to better understand how effective voter mobilization efforts actually are. Using field experiments across California conducted in partnership with community organizations, they demonstrate what works and what doesn’t work to get ethnoracial voters out to the polls. The book can be read by scholars and practitioners alike who are interested in the civic engagement, political behavior, and democracy. Learn more about your ad choices. Visit megaphone.fm/adchoices

15 Okt 201226min

Daniel Kreiss, “Taking Our Country Back: The Crafting of Networked Politics from Howard Dean to Barack Obama” (Oxford UP, 2012)

Daniel Kreiss, “Taking Our Country Back: The Crafting of Networked Politics from Howard Dean to Barack Obama” (Oxford UP, 2012)

Daniel Kreiss is an Assistant Professor in the School of Journalism and Mass Communication at the University of North Carolina at Chapel Hill. His Taking Our Country Back: The Crafting of Networked Politics from Howard Dean to Barack Obama (Oxford University Press, 2012) traces the integration of new media into the presidential campaigns of Howard Dean and then Barack Obama. Kreiss argues that by focusing on innovation, infrastructure, and organization, scholars can better understand how new media has become central to understanding political campaigns in the US. The book draws on dozens of interviews with most of the largely unknown, but integral members of the campaigns of Dean and Obama. The story Kreiss tells reveals much about the nature of modern political campaigns and how the Internet has shaped the last decade of American politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

15 Sep 201239min

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