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What’s Happening to Our Economy Is Like a Natural Disaster: The Biden administration’s first legislative priority is a $1.9 trillion economic rescue package. It’s the kind of mega-package where the individual policies contained inside it — a $15 minimum wage, $1,400 checks, a huge child tax credit expansion, a $50 billion virus testing infrastructure — would be big deals on their own. But together, this would be one of the most consequential packages ever passed. So there’s a lot to talk about here. And who better to talk about it with than my now-colleague Paul Krugman? We dig into the details of the plan and then spiral off into some other topics I wanted to run by the nearest Nobel laureate: the major rethinking of debt and deficits among left-of-center economists, the differences between Keynesians and Modern Monetary Theorists, how Krugman made a bunch of money off Bitcoin (it’s not how you’d think!), why progressives need a better theory of technological change, Krugman’s favori by The Ezra Klein Showratings:
Length:
60 minutes
Released:
Sep 24, 2024
Format:
Podcast episode
Description
America has become increasingly polarized when it comes to trust. Voters who distrust the system — who see institutions as corrupt and are prone to conspiracy theories — have long existed on the far left and far right. But Donald Trump seems to have sparked a realignment, what the writer Matthew Yglesias calls “the crank realignment.” The G.O.P. is now the political home of the distrustful, and Robert F. Kennedy Jr.’s Trump endorsement was a clear sign of these changing times.In 2020, Pete Buttigieg wrote a book on trust in politics. And he’s been persistent in making the case — in speeches, on TV — for what he calls “a better kind of politics.” So I wanted to talk to him about his theory of politics. Why does he think so many Americans have lost trust in the government? What responsibility does the Democratic Party have here? And how does he believe trust can be restored?Note: I invited Buttigieg on the show in his personal capacity so we could discuss his thoughts on the election without violating the Hatch Act, which prohibits members of the government from campaigning in their official guise. This also means I wasn't able to ask Buttigieg many questions about his work as transportation secretary. But I think we still had a pretty fascinating conversation.Book Recommendations:Morning and Evening by Jon FosseThe Future Is History by Masha GessenMr. Churchill in the White House by Robert SchmuhlThoughts? Guest suggestions? Email us at [email protected] can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Jonah Kessel, Elliot DeBruyn and Selcuk Karaoglan.
Released:
Sep 24, 2024
Format:
Podcast episode
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