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It's our 300th episode! To mark this milestone, we've gathered some of the most thoughtful and inspiring answers to one of our favorite questions: Why do you do this work? Plus, Nick and Goldy share what keeps them in the fight for a better economy. We're deeply grateful for the wisdom of our incredible guests and, most of all, for YOU—our listeners—who've supported us along the way. Here's to many more conversations unpacking who gets what and why in our economy, and how to build the economy from the middle out. Love what you're hearing on the pod? Follow us on social media using the links below for updates and spicy takes on the economy! And if you haven't already, make sure to follow the show so you never miss an episode. While you're at it, give us a rating and leave a review wherever you get your podcasts—it helps us reach more people interested in rethinking or better understanding the economy and want to build a better future. Thanks for listening! Guests Featured: Jared Bernstein - Chair, White House Council of Economic Advisors Reshma Saujani - Founder, Girls Who Code and the Marshall Plan for Moms Mark Blyth - Political Economist and author of Diminishing Returns: The New Politics of Growth and Stagnation Rohit Chopra - Director, Consumer Financial Protection Bureau (CFPB) Joseph Stiglitz (3-time guest) - Economist and author of The Road to Freedom: Economics and the Good Society Caitlin Myers - Professor of Economics at Middlebury College and Co-Director of the Middlebury Initiative for Data and Digital Methods. Kim Stanley Robinson - American Science Fiction writer and author of The Ministry for the Future Marshall Steinbaum (2-time guest) - Assistant Professor of Economics at the University of Utah and a Senior Fellow in Higher Education Finance at Jain Family Institute. Elizabeth Anderson - Professor of Public Philosophy at the University of Michigan and author of Hijacked: How Neoliberalism Turned the Work Ethic against Workers and How Workers Can Take It Back Bharat Ramamurti - Former Deputy Director of the White House National Economic Council Elizabeth Wilkins - Senior Fellow at the American Economic Liberties Project and former Director of the Office of Policy and Planning at the Federal Trade Commission Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon, @NickHanauer, @civicaction Instagram: @pitchforkeconomics Threads: pitchforkeconomics YouTube: @pitchforkeconomics Substack: The Pitch
Esoteric and frequently disinterested in the public good, financial institutions can be hard to navigate for those seeking to advance social welfare. My Episode 10 guest Paul Katz of the Jain Family Institute is trying to change that by building innovative tools to help visionary leaders in Brazil grow social wealth. During our lively exchange, Paul helped me understand how much history fits into his efforts and his organization's vision. We talked about Paul's discovery of his superpowers derived from a PhD in history, the importance of being a well-rounded researcher, and how it's often difficult to separate neatly quant from qual. We also discussed the significance of networking and wondered why historians routinely undervalue their expertise, thereby undercutting their chances of success in non-academic domains. Ultimately, our conversation is about the surprising ways to use history for the public good, contribute to organizational effectiveness, and explore new horizons for professional growth. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
Esoteric and frequently disinterested in the public good, financial institutions can be hard to navigate for those seeking to advance social welfare. My Episode 10 guest Paul Katz of the Jain Family Institute is trying to change that by building innovative tools to help visionary leaders in Brazil grow social wealth. During our lively exchange, Paul helped me understand how much history fits into his efforts and his organization's vision. We talked about Paul's discovery of his superpowers derived from a PhD in history, the importance of being a well-rounded researcher, and how it's often difficult to separate neatly quant from qual. We also discussed the significance of networking and wondered why historians routinely undervalue their expertise, thereby undercutting their chances of success in non-academic domains. Ultimately, our conversation is about the surprising ways to use history for the public good, contribute to organizational effectiveness, and explore new horizons for professional growth. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Esoteric and frequently disinterested in the public good, financial institutions can be hard to navigate for those seeking to advance social welfare. My Episode 10 guest Paul Katz of the Jain Family Institute is trying to change that by building innovative tools to help visionary leaders in Brazil grow social wealth. During our lively exchange, Paul helped me understand how much history fits into his efforts and his organization's vision. We talked about Paul's discovery of his superpowers derived from a PhD in history, the importance of being a well-rounded researcher, and how it's often difficult to separate neatly quant from qual. We also discussed the significance of networking and wondered why historians routinely undervalue their expertise, thereby undercutting their chances of success in non-academic domains. Ultimately, our conversation is about the surprising ways to use history for the public good, contribute to organizational effectiveness, and explore new horizons for professional growth. Learn more about your ad choices. Visit megaphone.fm/adchoices
Esoteric and frequently disinterested in the public good, financial institutions can be hard to navigate for those seeking to advance social welfare. My Episode 10 guest Paul Katz of the Jain Family Institute is trying to change that by building innovative tools to help visionary leaders in Brazil grow social wealth. During our lively exchange, Paul helped me understand how much history fits into his efforts and his organization's vision. We talked about Paul's discovery of his superpowers derived from a PhD in history, the importance of being a well-rounded researcher, and how it's often difficult to separate neatly quant from qual. We also discussed the significance of networking and wondered why historians routinely undervalue their expertise, thereby undercutting their chances of success in non-academic domains. Ultimately, our conversation is about the surprising ways to use history for the public good, contribute to organizational effectiveness, and explore new horizons for professional growth. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance
The debate over the causes of inflation is heating up and showing an important divide in the discipline of economics. Mainstream economists like Larry Summers blame it on rising wages and recommend interest rate hikes to cool the economy by raising unemployment. But other scholars, notably Isabella Weber of the University of Massachusetts, have a different theory: they argue inflation is due to price gauging made possible by the Covid emergency and the Russian invasion of Ukraine. Weber's ideas, which are gaining traction, suggest the solution is price control.The possibility that establishment economics is losing its dominance over policy is making some economists angry. There's been a vicious backlash to Weber's work. To talk about the inflation debate and other examples of heterodox thinking on the rise, as well as the circling-the-wagon approach of the discipline, I talked to Marshall Steinbaum, an economist at the University of Utah and a Senior Fellow at the Jain Family Institute. On this episode of The Time of Monsters, we range widely over the discipline of economics and the unseemly hissy fit of many leading practitioners. Marshall's twitter account can be followed here. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
The debate over the causes of inflation is heating up and showing an important divide in the discipline of economics. Mainstream economists like Larry Summers blame it on rising wages and recommend interest rate hikes to cool the economy by raising unemployment. But other scholars, notably Isabella Weber of the University of Massachusetts, have a different theory: they argue inflation is due to price gauging made possible by the Covid emergency and the Russian invasion of Ukraine. Weber's ideas, which are gaining traction, suggest the solution is price control.The possibility that establishment economics is losing its dominance over policy is making some economists angry. There's been a vicious backlash to Weber's work. To talk about the inflation debate and other examples of heterodox thinking on the rise, as well as the circling-the-wagon approach of the discipline, I talked to Marshall Steinbaum, an economist at the University of Utah and a Senior Fellow at the Jain Family Institute. On this episode of The Time of Monsters, we range widely over the discipline of economics and the unseemly hissy fit of many leading practitioners. Marshall's twitter account can be followed here. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
In the 20th century, big corporations sold franchising to Americans as a less risky way to buy into business ownership. But in recent years, the franchise industry has tipped hugely in favor of franchisors, extracting wealth from both franchisees and the employees who work for them through complicated contracts that kill competition and rig the system. Economist Marshall Steinbaum returns to the podcast to share the findings from his deep dive into the (intentionally) complex and arcane franchise system, and to explain the latest data from Washington State's recent enforcement campaign against no-poach clauses in franchising contracts. Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and a Senior Fellow in Higher Education Finance at Jain Family Institute. Twitter: @Econ_Marshall Vertical Restraints and Labor Markets in Franchised Industries https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4155571 The Effect of Franchise No-poaching Restrictions on Worker Earnings https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4155577 Coercive Rideshare Practices: At the Intersection of Antitrust and Consumer Protection Law in the Gig Economy https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4196215 Shared Security, Shared Growth https://democracyjournal.org/magazine/37/shared-security-shared-growth Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer
President Biden recently announced his plan for student loan forgiveness. It's a policy that helps build the economy from the middle out by erasing some of the 1.7 trillion dollars in debt that's holding Americans back. Economist Marshall Steinbaum, who has spent most of his career researching student debt, explains why this forgiveness plan is a great start—and why Biden can, and should, do more. Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and a Senior Fellow in Higher Education Finance at Jain Family Institute. Twitter: @Econ_Marshall The Student Debt Crisis is a Crisis of Non-Repayment https://www.phenomenalworld.org/analysis/crisis-of-non-repayment A Middle-Out Education https://civicventures.substack.com/p/a-middle-out-education Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer
In late August, President Joe Biden announced a plan to forgive student loans for millions of people. Borrowers who earn less than $125,000 can have $10,000 in loans forgiven, and those who received federal Pell Grants in college can have $20,000 in loans forgiven. The U.S. Department of Education estimates that the plan will wipe out student debt for about 20 million people. But some critics say that the plan does nothing to help low-income people who never attended college, is unfair to people who paid off their loans and does nothing to address college affordability. Others say that even more loans should have been forgiven. MPR News host Angela Davis talks about what's next for student loans and the future of college affordability. Guests: Nicholas Hillman is a professor in the School of Education at the University of Wisconsin-Madison. His research examines how finance, policy, and geography shape educational opportunities in the United States. Marshall Steinbaum is an assistant professor of economics at the University of Utah. He is also a senior fellow in higher education finance at Jain Family Institute, a nonpartisan research institute. Subscribe to the MPR News with Angela Davis podcast on: Apple Podcasts, Google Podcasts, Spotify or RSS. Use the audio player above to listen to the full conversation.
“Animal agriculture can be gone tomorrow. it's not foundational. That's why I find it very puzzling, the amount of pushback because it seems to be the actual… low hanging fruit. You write a book about socialism and no problem at all, people are like. “yeah, sure get rid of capitalism. No problem.” Get rid of animal agriculture, they get very mad.” -Drew Pendergrass Drew is a PhD student in environmental engineering at Harvard. He is also the co-author with Troy Vettessee of Half Earth Socialism A Plan to Save the Future from Extinction, Climate Change and Pandemics. In order to save the planet while at the same time, make life better for all beings on the planet, Drew and Troy have come up with a plan, that includes: Rewilding half the earth to absorb carbon emissions and restore biodiversity A rapid transition to renewable energy, paired with drastic cuts in consumption by the world's wealthiest Global veganism to cut down on energy and land use Worldwide socialist planning to efficiently and equitably manage production The involvement of everyone The authors also collaborated with designers from the Jain Family Institute and Trust to create a video game based on the book, at play.half.earth. Check it out, it's pretty awesome. LINKS: Drew Pendergrass: http://www.drewpendergrass.com/ Half Earth Socialism: https://www.versobooks.com/books/3818-half-earth-socialism Amazon https://www.amazon.com/Half-Earth-Socialism-Extinction-Climate-Pandemics/dp/B09RYSRQT9/ref=sr_1_1?gclid=CjwKCAjwwo-WBhAMEiwAV4dybYXDPoin0LESVXaEvZYEfSwJiNMy_sYbybG0fVxHXjbY1vRZPdQfpBoC2Y8QAvD_BwE&hvadid=604540475728&hvdev=c&hvlocphy=9004347&hvnetw=g&hvqmt=e&hvrand=20350736513252476&hvtargid=kwd-1546784652895&hydadcr=7668_13469272&keywords=half+earth+socialism&qid=1657027341&sr=8-1
On today's Mountain Money, (00:05) Author David Gilles discusses his new book The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America―and How to Undo His Legacy.Then (22:00), Mountain Money talks student loan forgiveness with Marshall Steinbaum Assistant Professor of Economics at the University of Utah and a Senior Fellow in Higher Education Finance with the Jain Family Institute. This is the second interview in a two-week series providing differing perspectives on Student Loan forgiveness.
This week Shanna speaks to a panel of economists to bust common myths perpetuated about student loan cancellation. Laura Beamer, Lead Researcher Higher Education Finance, Jain Family Institute, Jalil Bishop, Assistant Professor of Education at Villanova University, and Attorney Sparky Abraham clarify how cancellation would affect the economy, who benefits from cancellation, and why means testing doesn't work. References Cancelling Student Debt Would Add to Inflation Cost Deception at Elite Private Colleges Standing and Student Loan Cancellation CANCEL STUDENT DEBT: The Best Answers To The Toughest Questions Student Debt Is a Racial Equity Issue. Here's How Mass Debt Relief Can Address It Student Debt Cancellation IS Progressive: Correcting Empirical and Conceptual Errors Sparky Abraham on Twitter Laura Beamer on Twitter Website
Laura Beamer, lead researcher on higher education finance at Jain Family Institute, discusses the White House's extended pause on federal student loan payments and what wiping out student loans for Americans might look like.
Claudia Sahm (Director, Macroeconomic Research, Jain Family Institute) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to look at the US Economy and how the Federal Reserve is responding to inflation, unemployment, and interest rates. Sahm cites that the big picture points to economic recovery, especially while the Fed incorporates the principle lesson of the 2008-2009 financial crisis: remove support gradually or risk a stalled recovery. With appointments incoming, Sahm forecasts that the new and historically diverse Board of Governors will continue to press the Federal Reserve's dual mandate of stable prices and maximum employment. Crucially, Sahm emphasizes that without an end to the pandemic, the economic tides can only change so much, with or without federal intervention. More: https://lusk.usc.edu/perspectives
Dr. Claudia Sahm is a economist, senior fellow at the Jain Family Institute and former Section Chief at the Federal Reserve *Follow her on Twitter: @Claudia_Sahm
In this episode of The Interview we speak to Stephen Nuñez, Lead Researcher on Guaranteed Income at the Jain Family Institute. We discuss UBI, why it's important, and how it ought to fit into the welfare state. Follow our Twitter: https://twitter.com/TheNordicModel Follow Stephen: https://twitter.com/socio_steve Follow Chad: https://twitter.com/ChadNotChud
We're joined by Astra Taylor and Marshall Steinbaum for a conversation on why ending student debt is so pressing, the Biden administration's failure to fulfill its promises on student debt, and why we need a broader debt jubilee. Astra Taylor is cofounder of the Debt Collective, a filmmaker, and the author of The People's Platform: Taking Back Power and Culture in the Digital Age and Democracy May Not Exist, but We'll Miss It When It's Gone (Metropolitan Books). Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and a Senior Fellow in Higher Education Finance at Jain Family Institute. As always, support Death Panel at www.patreon.com/deathpanelpod new Death Panel merch here (patrons get a discount code): www.deathpanel.net/merch join our Discord here: discord.com/invite/3KjKbB2
On Episode 7 of The Interview by the Nordic Model we talk to Jain Family Institute fellow and NYDSA organizer Paul Williams about the importance of public housing and NYCHA's plan to avoid privatization. Follow Paul E. Williams: https://twitter.com/PEWilliams_ Follow Chad: https://twitter.com/ChadNotChud Follow Us: https://twitter.com/TheNordicModel
Join worker organizers from the Games industry to celebrate the launch of the Game Worker Solidarity website. The Game Worker Solidarity Project is mapping and documenting collective movements by game workers striving to improve their working conditions. They are collecting materials created by workers for these movements and aim to document the longer history of resistance in the industry which goes back to its formation. This event launches the project website, backed by a database of events that can be freely searched by location, type of action, and numbers involved for events like the creation of trade union branches, new contracts, strikes, protests, social media campaigns. The goal is to create a living resource that can help support and inspire more organizing in the games industry. To start that off, this event will feature organizers from the campaign at Activision Blizzard and the recent unionization of the games company Paizo. View the site here: https://gameworkersolidarity.com/ --------------------------------------------------------------------- Speakers: Jessica Gonzalez is an organizer of the campaign against sexual harassment at Activision Blizzard, where workers have launched an open letter and held walkouts in recent weeks. Jenny Jarzabski is a founding member of United Paizo Workers. She is also an organized play developer for Paizo Inc., as well as a freelance writer and game designer. Her credits include work for Paizo Inc., Kobold Press, Rogue Genius Games, and Playground Adventures. Austin Kelmore is a 14 year veteran of the games industry, founding member and former chair of the IWGB (Independent Workers Union of Great Britain) Game Workers Branch, and co-creator of Game Worker Solidarity. Nataliya Nedzhvetskaya is a doctoral student in sociology at University of California, Berkeley, fellow in Digital Ethics & Governance at the Jain Family Institute, and archivist at Collective Action in Tech. Aubrey Ryan is an LQGBTIA+/Differing Abilities Activist, artist, and game industry veteran. Alex Speidel (he/him) is the Organized Play Coordinator for Paizo, an organizer for the United Paizo Workers, and a former volunteer for the Organized Play Foundation. Nora Valletta is a software engineer at Blizzard Entertainment, and has been part of the campaign against sexual harassment at Activision Blizzard. Jamie Woodcock is a senior lecturer at the Open University and a researcher based in London. He is the author of The Fight Against Platform Capitalism, The Gig Economy, Marx at the Arcade, and Working the Phones. --------------------------------------------------------------------------- This event is sponsored by Notes From Below and Haymarket Books. While all of our events are freely available, we ask that those who are able make a solidarity donation in support of our important publishing and programming work. Watch the live event recording: https://youtu.be/VFU2HjAiGUM Buy books from Haymarket: www.haymarketbooks.org Follow us on Soundcloud: soundcloud.com/haymarketbooks
In today's episode: Georgia's gerrymandered legislature continue the hallowed tradition that got them there, Dems' paid leave proposal is a lesson in conditions bureaucracy, the Jain Family Institute delivers a study showing how cost-effective it is to remove conditions from welfare, Yang gives out another $1k, FairVote's Action Board has a new, familiar Vice Chair, and More! Links and transcript found here: https://docs.google.com/document/d/1la7ZYCRW7PN5u_eh-GGjMV9qvbOG7bMi4mEEboHVLRY/edit?usp=sharing Help make this podcast possible at: https://www.patreon.com/YangDaily Message me @YangDailyCast or YangDailyPodcast@gmail.com! YouTube: https://www.youtube.com/channel/UCcx_EbiZhhRhvvjFdZryPCQ/videos
Subscribe to Bad Faith on Patreon to instantly unlock this episode and our full premium episode library: http://patreon.com/badfaithpodcast This week, Brie broke down everything you need to know about inflation, the supply chain crisis, and Larry Summers with economist and senior fellow at the Jain Family Institute, Claudia Sahm. Sahm addresses the Biden administration's bad messaging around the link between the COVID stimulus & inflation, opines on whether Buttigieg can be blamed for the supply chain crisis, and weighs in on how Larry Summers manages to fail up as a professional wrong person year after year, administration after administration. Twitter spent last week joking about an MSNBC story on inflation using, as a peg, a large family with atypical dairy needs. This week, Bad Faith assures you that there's no need to cry over milk -- spilt or otherwise. Stay until the end for Brie's personal, never before shared, Larry Summers story. Claudia's newsletter can be found at https://stayathomemacro.substack.com/ Subscribe to Bad Faith on YouTube to access our full video library. Find Bad Faith on Twitter (@badfaithpod)and Instagram (@badfaithpod). Produced by Ben Dalton (@wbend). Theme by Nick Thorburn (@nickfromislands).
Dr. Claudia Sahm is a economist, senior fellow at the Jain Family Institute and former Section Chief at the Federal Reserve *Follow her on Twitter: @Claudia_Sahm
No, it isn't your imagination. Prices are up—consumer goods are over 5% higher than a year ago. Inflation is rising, too—and not just because of supply snafus and increasing demand due to COVID reopening. So, is it a temporary blip or will it be That ‘80s Show all over again? To discuss the prospect of inflation, and the Fed's role in not letting it get out of hand, Chief Investment Officer Tony Roth welcomes former Fed economist Claudia Sahm, a senior fellow at Manhattan-based think tank, the Jain Family Institute.
Dr. Claudia Sahm is a economist, senior fellow at the Jain Family Institute and former Section Chief at the Federal Reserve *Follow her on Twitter: @Claudia_Sahm. This week's wild ride in Markets.
Dr. Claudia Sahm is a economist, senior fellow at the Jain Family Institute and former Section Chief at the Federal Reserve *Follow her on Twitter: @Claudia_Sahm. The country is seeing higher prices and signs of inflation.
Claudia Sahm (Senior Fellow, Jain Family Institute) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to outline the changes in economic policy as the Federal Reserve and Congress have reacted to the COVID-19 pandemic. Sahm, who was inside the Federal Reserve during the Great Recession and recovery, has since devised the Sahm Rule Recession Indicator to help policymakers and economists determine the start of a recession based on unemployment rates. Sahm points out that economic policy has new goals, new tools are being considered, and change will come with growing pains. As for new goals, Sahm sees interest in concepts like full employment, reducing inequality, and acknowledging racism as harbingers of a new school of thought, and one that is less skittish about inflation as the Fed works to build momentum in economic downturns. The new tools and approaches like the child benefit cash transfers in the latest stimulus package display a shift towards providing direct aid, rather than commonly used tax incentives or other targeted programs. Sahm also acknowledges that change means pain while data catches up to policy for the simple reason that some benefits or programs have never before been attempted in the US. More: https://lusk.usc.edu/perspectives
While there is much excitement around the various basic income pilots in progress or under consideration in the U.S. and around the world, it is worthwhile to ask what their value is, and how we can design them to maximize their value. Michael Stynes, CEO of the Jain Family Institute, and Steve Nunez, JFI's Project Lead for their Guaranteed Income Initiative, have helped shape active and proposed UBI pilots, including the one going on now in Stockton, California. They joined the podcast to discuss their work, and the future of UBI experiments. After the episode was recorded, JFI announced an exciting basic income trial in Marica, Brazil: https://www.businesswire.com/news/home/20191030006167/en/Announcing-Research-New-Large-Scale-Basic-Income-Policy