Podcast appearances and mentions of Jason Furman

Former Obama administration economic adviser Jason Furman explains why both major parties have abandoned economic reality in favor of political fantasy.

It's hard to overstate how consequential President Trump's “Liberation Day” tariffs have been for American economic policy. While the administration has paused the steep reciprocal tariffs it announced on trading partners other than China, a flat across-the-board 10% tariff remains. And China has raised tariffs on all U.S. goods to over 100% in retaliation.  Some economists fear this trade war could have a seismic impact across the American economy, including on clean energy. The exceptionally high tariffs on China in particular could have a significant bearing on clean tech products — things like batteries, solar panels, and wind turbines. So what are the possible outcomes? Do our trade deficits or national security imperatives necessitate this trade war? What would a turn away from globalization mean for efforts to confront climate change? And what does all of this mean for the future of industrial policy in the U.S.? This week, Jason Bordoff talks with Jason Furman about the flurry of Trump administration tariffs and how they could play out for the energy industry. Jason Furman is Aetna professor of the practice of economic policy at Harvard University. Prior to his appointment at Harvard, he served as a key economic advisor to President Obama, including as the chair of the Council of Economic Advisors. Jason played a key role in implementing the major economic policy initiatives of the Obama administration, including the American Recovery and Reinvestment Act and the Affordable Care Act.  Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Additional support from Trevor Sutton. Engineering by Sean Marquand. Stephen Lacey is executive producer.

Tonight on The Last Word: House Republicans cancel Wednesday night's budget vote. Also, Trump's tariff pause comes after markets lose trillions. Plus, House Democrats launch an inquiry of Trump aides' Signal use. And GOP senators up in 2026 face Trump tariff backlash. Rep. Brendan Boyle, Jason Furman, Rep. Stephen Lynch, and fmr. Rep. Wiley Nickel join Lawrence O'Donnell.

Nicolle Wallace on the Trump administration reducing tariffs on most countries while increasing tariffs on China to 125% and Trump signing new executive orders targeting two former officials.Joined by: Jason Furman, Michael Crowley, John Heilemann, Steve Liesman, Sarah Longwell, Marc Elias, Mary McCord, Sean Patrick Maloney, Tim Miller, and Basil Smikle.

Tonight on The Last Word: Seven GOP senators back a bill to curb Trump tariff power. Also, the Trump administration targets hundreds of federal buildings for a potential sale. And a Trump-appointed judge orders the White House to lift the Associated Press ban. Sen. Sheldon Whitehouse, Jason Furman, Rep. Melanie Stansbury, and Andrew Weissmann join Lawrence O'Donnell.

Stephanie Link of Hightower and Paul Hickey of Bespoke Investment Group kicked off the show with a look at where things stand and what to watch ahead. Jason Furman, former Chair of the Council of Economic Advisers, discussed the economic impact of new tariffs, Fed policy, and recession risks. Craig Moffett of MoffettNathanson weighed in on Apple's outlook given its major exposure to new tariffs. Janus Henderson CEO Ali Dibadj shared his playbook for navigating rising volatility, and Eunice Yoon reported from Beijing on what's next from China. 

Yascha Mounk and Jason Furman also discuss the flaws in Build Back Better. Jason Furman is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University. Previously Furman served as Chair of the Council of Economic Advisors under Barack Obama. In this week's conversation, Yascha Mounk and Jason Furman discuss the economic record of the Biden administration, whether the abundance agenda is the way forward—and what the recent news about tariffs really means. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: podcast@persuasion.community  Website: http://www.persuasion.community Podcast production by Jack Shields, and Leonora Barclay Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump has unveiled sweeping new trade tariffs—but what happens next? Bronwen Maddox explores the global reaction, the economic fallout, and whether this marks the beginning of the end for globalization.  She's joined by Jason Furman, former Chair of the Council of Economic Advisers under President Barack Obama, alongside Dame DeAnne Julius and David Lubin from Chatham House's Global Economy and Finance Programme. Read our latest: Trump's ‘liberation day' tariffs are likely just the beginning of a longer-term vision. Putting the Digital Services Tax on the table in US negotiations sends worrying signal on UK digital sovereignty. The false economy of DOGE. Presented by Bronwen Maddox. Produced by Amanda Nunn. Executive Producer - John Pollock. 'Independent Thinking' is an Indio Media production for Chatham House. Read the Spring issue of The World Today  Listen to The Climate Briefing podcast

Jason Furman, Professor of the Practice of Economic Policy at Harvard University, discusses his recent New York Times opinion piece on why he believes tariffs are such a terrible idea. Furman spoke with Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.

Donald Trump's second term has been a breakneck whirlwind: tariffs announced, tariffs unannounced, tariffs reannounced, allies threatened, and global coalitions ripped apart. What sort of a world are Trump and the White House trying to build? If you stand back from the brush strokes, and take in the full mural, it is possible to see something like a grand economic strategy. One way his chief economic advisers have put it is that we're using America's power in the 2020s as leverage to rebalance the global economy in a way that helps U.S. companies grow faster. There are several questions to ask about this stated economic strategy. One is whether or not it's working. When tariffs designed to buoy the auto manufacturing economy lead instead to hundreds of layoffs among steelworkers getting walloped by trade wars—as they did this past week—it's hard to be confident that Trump's gambit is paying off. A very different question to ask is whether Trump's economic strategy is _economic—_or, strictly speaking, strategic—at all. Much of our geopolitical agenda today seems to be a simple extrapolation of Donald Trump's personality. His proclivity for audacious promises. His tactic of using leverage to squeeze counterparties. His preference for mano a mano deal-making over coalitional bargains. Today's guests are Rogé Karma, a staff writer for The Atlantic, and Jason Furman, an economist at Harvard. We talk about the new world order Trump seems to be accelerating us toward. But we also talk about Trump himself, an unusual leader whose governance style often seems to have more to do with personal leverage than with policy. By evaluating the White House along both of these fronts, perhaps we can begin to see around the corner and understand what kind of a world, and what kind of a global economy, Donald Trump is pulling into view. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Rogé Karma and Jason Furman Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Harvard University economist Jason Furman — the former chairman of the Council of Economic Advisers — says that the tricky thing in forecasting now is high levels of uncertainty, particularly in terms of how much business and consumers pull back based on current conditions; if there's a recession, he says it will be spending cutbacks that trigger it. Furman notes that the average tariff rate is now back to levels from the 1940s, and while he says he'd be shocked if it triggers a Great Depression, it could trigger a recession where the loss of economic growth and higher inflation results in the effective loss of about $2,000 per family. Kyle Guske, investment analyst at New Constructs puts CoreWeave — Wall Street's latest big IPO — into the Danger Zone right out of the box, and Barry Ritholtz of Ritholtz Wealth Management returns to the show to discuss his new book, "How NOT to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth — And How to Avoid Them."   

Jason Furman joins Allison Schrager and Jordan McGillis to discuss trade-offs in economic policy decision-making.

President Trump met with British Prime Minister Starmer to discuss Russia's war in Ukraine as the White House prepares for President Zelensky's upcoming visit. Plus, how Trump's new tariff policies are straining the economy. And, the former executive editor of The Washington Post discusses Jeff Bezos' changes to its editorial section. Peter Baker, Luke Broadwater, Sam Stein, Brian Barrett, Rohit Chopra, Jason Furman, Marty Baron, and Matthew Dowd join The 11th Hour this Thursday.

Denne uges udgave af Lykkeberg og Corydon fokuserer på konsekvenserne af søndagens valg i Tyskland. Selv om de to chefredaktører kan blive enige om, at der trods AfD's massive fremgang stadig er håb, er de uenige om, hvor håbet ligger.  For Bjarne Corydon har Merz vist sig at have »et mere vidtgående politisk projekt end nogen tysk kansler har haft siden krigen«, et projekt, der bunder i et ønske om økonomisk og militær uafhængighed af USA. I denne løsrivelse har midterregeringerne, ifølge Corydon, fået et projekt, der for alvor tillader dem at stå i egen ret.    På trods af at næsten hver femte tysker stemte på AfD, mener Rune Lykkeberg, at der alligevel er grund til håb. For tilslutningen til partiet voksede ikke – på trods af Musk og Trumps indblanding i valgkampen.  Til sidst taler de to chefredaktører om et nyudgivet essay fra den amerikanske økonom Jason Furman, der tidligere har været en af Obamas økonomiske rådgivere. I essayet kritiserer Furman Bidens økonomiske politik også kaldt Bidenomics. For Corydon er kritikken så forfriskende som den første forårsdag efter en lang vinter, og for Lykkeberg er essayet forfængeligt og pinligt selvudstillende. Det er det, fordi Furmans hovedargument er, at Bidenomics førte til Trumps valgsejr – men, påpeger Rune Lykkeberg – Obamas økonomiske politik, som Furman selv var medansvarlig for, førte også til Trumps sejr.  I næste udgave af Lykkeberg og Corydon deltager statsminister Mette Frederiksen (S) som gæst. 

Missing The World Next Week? Host Robert McMahon shares his favorite CFR resources for news and analysis on foreign policy and global affairs. Foreign Affairs invites you to join its editor, Daniel Kurtz-Phelan, as he talks with influential thinkers and policymakers about the forces shaping the world. Whether the topic is the war in Ukraine, the United States' competition with China, or the future of globalization, The Foreign Affairs Interview offers the kind of authoritative commentary and analysis that you can find in the magazine and on the website. In this featured episode, Dan Kurtz-Phelan speaks with Jason Furman about why the Biden administration's economic policy fell short—and why both Democrats and Republicans should abandon what he calls their “post-neoliberal delusion.”   This episode was originally released by The Foreign Affairs Interview on February 13, 2025.   Featured Episode: Why Biden's Economic Ambitions Fell Short   Find Us   Foreign Affairs Interview   Apple Podcasts   Spotify   YouTube

Harvard Professor, Jason Furman discusses the uncertainty for the economy and the impact of tariffs on the GDP. He is joined by Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.

From record-low unemployment to strong GDP growth, the Biden administration presided over what appeared to be a strong economic recovery in the aftermath of the pandemic. But these measures masked a more complex reality, argues Jason Furman in a new essay in Foreign Affairs. That reality, in his view, should reshape debates about economic strategies going forward. Furman, now Aetna Professor of the Practice of Economic Policy at Harvard University, chaired the White House Council of Economic Advisers under President Barack Obama. He traces a stark disconnect between Biden's lofty goals and real economic performance, especially as it shaped voters' lived experience. That disconnect opened the way for Donald Trump's return to the White House.  Editor Dan Kurtz-Phelan spoke with Furman about why the Biden administration's economic policy fell short—and why both Democrats and Republicans should abandon what he calls their “post-neoliberal delusion.” You can find sources, transcripts, and more episodes of The Foreign Affairs Interview at https://www.foreignaffairs.com/podcasts/foreign-affairs-interview.

Former Council of Economic Advisers Chair Jason Furman discusses the latest from the Trump Administration's economic policy. He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern. See omnystudio.com/listener for privacy information.

It' an action-packed hour starting with market insights from Sameer Samana of Wells Fargo and Kristina Hooper of Invesco. Fubo shares soared on the back of announcing a combination with Hulu + Live TV; CEO David Gandler discusses the company's new deal and what it means for streaming competition. Jason Furman, former CEA Chair, breaks down tariffs, the Trump economic agenda, and a rejected steel deal. Former Cisco CEO John Chambers weighs in on Sam Altman's AI blog and the future of innovation. Plus, Oshkosh CEO John Pfeifer on the company's EV and robotics announcements.

Show Notes: Jason Furman discusses his journey in economics. He shares his experience teaching Act 10, a course that has evolved over the years, using ideas from psychology and economics that are still relevant today. Jason also discusses his time at the Kennedy School, where his current role is Chairman of the Council of Economic Advisors. It was while at the Kennedy School that he was recruited to work in government. He initially didn't want to go into public policy or Washington, but eventually discovered his passion for it. In 2008, he was asked by David Axelrod to move to Chicago for the Obama campaign. He met with Obama and discussed his view of the economy and the issues being addressed in the campaign.  Working for the Obama Campaign Jason talks about participating in the campaign, which was an amazing experience, as economists typically do economic policy on a campaign, discussing what will happen next year when they become president. The economy was falling apart, and Jason was able to use his knowledge and experience to help address the issue. In the midst of a financial crisis, Obama decided to support George Bushes' idea of a "bank bail out" to save the banks. This campaign became almost as much like governing as campaigning, with Obama meeting with Bush's treasury secretary, Treasury staff, and the Fed. A small team worked together to devise solutions to save the banks, revive the economy, and rescue the auto industry.  Jason talks about the market collapsing and how Obama worked on various aspects of the crisis, including the fiscal response, the Recovery Act, the Affordable Care Act, the fiscal cliff, tax reform, technology policy, infrastructure, China, and climate change. The experience was both exciting and challenging, as markets were collapsing and the future of the economy was uncertain. Exporting Crude and Environmental Concerns Jason shares an example of where analysis matters. The United States faced a ban on exporting crude oil due to environmental concerns. The analysis, led by a climate change expert, found that the carbon content of US oil was lower than that of Canadian oil, which led to a ban that hurt American jobs and pushed the world towards higher carbon oil. Jason and his team put forward their analysis and the President, who was interested in the idea, met with his environmental and political advisors to discuss it. Despite some disagreements, the President agreed to sign an executive order to implement the idea. However, political concerns arose, and the White House decided to negotiate with Republicans in Congress to make the oil export concession. Six months later, Republicans extended tax credits for wind and solar, which the White House considered a good policy. This case highlights the importance of analysis and the combination of analysis and politics in a decision-making process. Climate Policies and The Financial Crisis Jason discusses two decisions that he believes were crucial. The first was for climate change cap and trade, which would have limited carbon emissions and set up tradable permits. The House passed the bill with the support of 55 senators, but it was not passed due to the filibuster. The second was immigration reform, which would have had a stronger border, expanded legal immigration, and a path to citizenship for undocumented immigrants. The financial crisis hit, and Jason explains that Congress had a fixed amount of money for tax credits, states, and unemployment insurance. He talks about Congress spend and automatic aid systems.  Advice for Trump Administration Jason shares his advice for the incoming president. He states that the economy is in good shape and should not be messed up by big tariffs, immigration, mass expulsions, budget deficit increases, or interference with the Federal Reserve. Jason also discusses mainstream democratic economic policies or beliefs that he would disagree with or push back against. He tries to be unvarnished in his views in real time, and has tried to be honest about his opinions during the presidential campaign. He agrees with a decent fraction of the Democratic agenda, but there is a tendency to ignore trade-offs and the need to decide how best to use finite budget resources. The conversation turns to the debate on tariffs on electric vehicles.  The Oval Office Environment Jason shares his experience in the Oval Office. He talks about President Obama's approach to policy discussions, debates, and political advisors.  He mentions that the President was also good at compartmentalizing, which is important when dealing with highly emotional issues, such as a school shooting, and being able to move on to international tax policy. Overall, the Oval Office environment is a mix of political and policy discussions. The conversation turns to the Affordable Care Act, the opposition to it, and a government mandate for health insurance, which was originally from a conservative think tank called Heritage. Jason talks about some of the controversial points from both Republicans and Democrats, including costs, what and who should be covered, and defining sharing.  Politics played a significant role in the creation and implementation of the Affordable Care Act. Practical Experience in Policy Making Jason discusses his economic research and his practical experience in policy making. He focuses on tax reform, sustainability of deficits, and inflation sources, which he worked on in government. Jason shares his views on tariffs. He also discusses the need for cities like San Francisco and New York to address housing issues, arguing that there isn't enough supply of housing due to restrictions on building. He talks about expanding housing vouchers for low-income households and expanding housing voucher programs to serve everyone. Jason believes that for some people, subsidies are needed, but for most people, cheaper housing is needed, requiring more housing. He also discusses the impact of immigration on inflation and prices is a significant economic issue, as immigrants are the labor force that contributes ideas, innovations, productivity, and start businesses. He moves on to the Chips Act, which aims to increase manufacturing of advanced microchips in the US, and has been a legitimate goal, with manufacturing subsidies of $39 billion.  Influential Harvard Professors and Courses Jason shares his favorite classes and professors at Harvard, including Ec 10, which was taught by Marty Feldstein, who became a mentor and friend. He also mentions Professor Jeffrey Williamson's class on economic history, which he still thinks about to this day.  Timestamps: 02:44: Experience Working for President Obama  09:24: Policy Influence and Decision-Making 15:24: Advice to Presidential Candidates and Policy Disagreements  22:11: Oval Office Meetings and Policy Discussions  27:07: Return to Harvard and Teaching  32:18: Policy-Oriented Research and Personal Life 33:49: Quick Takes on Policy Areas  36:50: Reactions to the CHIPS Act and Personal Interests  39:10: Reflections on Harvard and Final Thoughts    Featured Non-profit This episode's featured non-profit is the Committee to Protect Journalists recommended by Peter Lattman who reports: “Hi. I'm Peter Lattman, class of 1992. The featured nonprofit of this episode of The 92 report is the Committee to Protect Journalists, an organization that advocates for press freedom around the world. I have been proud to serve as a board member of CPJ for the past five years. And you could learn more about their work at their website, www.cpj.org.”   To learn more about their work visit: www.cpj.org.

Jason Furman, Professor of Economics at Harvard and former Chairman of the Council of Economic Advisors under President Obama, joins Alan Dunne in this episode to share his thoughts on the current economic outlook. They explore the recent improvement in the inflation data, whether the Fed is justified in claiming victory in its inflation fight and the likely trajectory for inflation over the next year. On monetary policy, Jason expects further rate cuts from the Fed this year but is sceptical about how much additional easing we may see next year. That ‘s partially because he sees a higher neutral policy rate and partly because high fiscal deficits looks set to remain a feature of the next administration. Looking further ahead Jason offers his thoughts on the longer term growth outlook, the likelihood of an AI-led productivity boom, the pros and cons of active industrial policy and whether persistent fiscal deficits might eventually lead to a debt crisis. -----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Jason on Twitter.Episode TimeStamps: 02:10 - Introduction to Jason Furman04:28 - The state of the economy04:42 - Is inflation stickier than we thought it would be?06:01 - Is inflation stickier than we thought it would be?09:40 - The outlook for inflation12:34 - A move in the right direction?14:34 - Is the neutral rate a useful concept?17:35 -

A UN report warns Gaza is at "breaking point" and that Israel's relentless bombing has reduced life expectancy, education and standard of living back to 1955 levels. The IDF justifies its attacks, claiming Hamas and Hezbollah are deeply embedded among civilians. Which makes a new report particularly horrifying. Correspondent Jeremy Diamond investigates claims that Israel is forcing Palestinians to act as "human shields" in Gaza, to avoid putting its troops in harm's way.  Also on today's show: Former US Ambassador to the EU Gordon Sondland; voting rights activist Stacey Abrams and singer-songwriter Melissa Etheridge; Jason Furman, former Chair, Council of Economic Advisers  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Trump's authoritarianism has intensified—with his calls for using military force against political opponents, taking away broadcast licenses, and deporting even legal immigrants. Plus, the panic meter, Kamala should make appeals to the Cavuto crowd on tariffs, and it's time to speak your mind on a microphone, Gen. Mattis. Bill Kristol joins Tim Miller. show notes: Bill's interview with Jason Furman

Jason Furman is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School and the Department of Economics at Harvard University. He is the former top economic adviser to President Obama and a regular contributor to the Wall Street Journal, Project Syndicate and the editor of two books on economic policy. Furman holds a Ph.D. in economics from Harvard University.

Jason Furman is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School and the Department of Economics at Harvard University. He is the former top economic adviser to President Obama and a regular contributor to the Wall Street Journal, Project Syndicate and the editor of two books on economic policy. Furman holds a Ph.D. in economics from Harvard University.

The use of economic statecraft is on the rise. With rivalries among major economies intensifying, countries are increasingly employing tariffs, sanctions and subsidies, contributing to a global realignment in trade flows. Meanwhile, elections in the US and Europe portend new debates over taxes, government spending, and the right fiscal formula to support growth and productivity. In the US, the 2017 Tax Cuts and Jobs Act's tax reductions for individuals are due to expire in 2025, setting the stage for another round of changes to the tax code. Europe faces difficult budget choices amid calls for the bloc to double down on industrial policy and implement capital markets reforms to boost growth—the subject of a highly anticipated report from Mario Draghi. In the face of rapid economic changes and a shifting political landscape, investors need to consider how fiscal policies will influence the evolving investment outlook. Glenn Hubbard and Jason Furman, former Chairs of the Council of Economic Advisers under Presidents George W. Bush and Barack Obama, join PGIM Fixed Income's Lead Geopolitical Analyst Mehill Marku in this episode of The Outthinking Investor. The discussion covers major economic challenges facing policymakers, the effects of tariffs on inflation, trade flows, and the broader economy, and the future of U.S. tax policies. Additionally, they explore efforts to boost Europe's economic competitiveness, the importance of remaining vigilant against potential market shocks, and investment strategies to mitigate risks from fiscal and geopolitical uncertainties.

The economy has hit a hinge moment. For the past few years, inflation has been the big economic story — the fixation of economic policymakers, journalists and almost everyone who goes to the grocery store. But economists now largely see inflation as tamed. It's still a major political issue; the country continues to reel from years of rising prices, and there is a real affordability crisis. But that isn't all the next administration will have to deal with. So what does it mean to fight the next economic war rather than the last one?Jason Furman is an economics professor at Harvard and a former chair of the Council of Economic Advisers under Barack Obama. Furman has closely tracked the inflation crisis over the past few years, and he's deeply knowledgeable about how economic policy is made.In this conversation, we discuss why the inflation crisis upended the expectations of so many economists and what we've learned for the next time inflation strikes, what he expects to see with mortgage rates and the housing market, the upcoming fight over Donald Trump's expiring tax cuts, the good and the bad in Kamala Harris's housing policy and why there seems to be so little concern from either party about the ever-growing U.S. debt.Mentioned:“The Economic Theory Behind JD Vance's Populism” with Oren Cass on The Ezra Klein Show“Trump's Most Misunderstood Policy Proposal” by Oren Cass“In Defense of the Dismal Science” by Jason FurmanBook Recommendations:How the World Became Rich by Mark Koyama and Jared RubinThe Goodness Paradox by Richard WranghamThe Ladies' Paradise by Émile ZolaThoughts? 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. 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 Isaac Jones, Efim Shapiro and 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 Tyler Cowen, Veronique de Rugy, Desmond Lachman, Lindsay Owens, Nathan Tankus, Isabella Weber and Sonia Herrero. Soon, you'll need a subscription to maintain access to this show's back catalog, and the back catalogs of other New York Times podcasts, on Apple Podcasts and Spotify. Don't miss out on exploring all of our shows, featuring everything from politics to pop culture. Subscribe today at nytimes.com/podcasts.

Ark Invest's Cathie Wood joins for a wide-ranging interview, including why she is upping her firm's investment in OpeanAI, what she expects for next week's Tesla Robotaxi event and her fund's underperformance against the broader market. Plus, Jefferies' David Zervos and Jason Furman break down the hot jobs report and what it means for the Fed going forward.         

A new shark has joined Shark Tank: Daniel Lubetzky. Years after founding Kind Snacks, Lubetzky discusses the lessons he's sharing with entrepreneurs seeking investment and guidance. He says in his founders, he's looking for grit, wit, and market fit. After the Fed's 50 basis point interest rate cut, economist and Harvard Kennedy School professor Jason Furman weighs the central bank's move alongside the economic plans from Vice President Harris and former President Trump. Plus, Nike CEO John Donahoe is being replaced by Elliott Hill in a surprise move, and at Starbucks, new CEO Brian Niccol has a more relaxed approach to hybrid work. Jason Furman - 14:36Daniel Lubetzky - 25:10 In this episode:Daniel Lubetzky, @DanielLubetzkyBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

Inflation has eased, but many Americans aren't feeling the relief. Their concern is front and center this election, where the economy remains the pivotal issue for voters. As the Federal Reserve cuts rates this week, we delve into competing views on the root causes of recent price surges, the Fed's response to those surges, and the effects of demand-side vs. supply-side stimulus on the American economy. Joining us for a lively conversation are Kitty Richards, Senior Fellow at Groundwork Collaborative and Former Treasury Official, and Jason Furman, Aetna Professor of the Practice of Economic Policy at Harvard University. Follow The Weekly Show with Jon Stewart on social media for more:  > YouTube: https://www.youtube.com/@weeklyshowpodcast > Instagram: https://www.instagram.com/weeklyshowpodcast > TikTok: https://tiktok.com/@weeklyshowpodcast  > X: https://x.com/weeklyshowpod Host/Executive Producer – Jon Stewart Executive Producer – James Dixon Executive Producer – Chris McShane Executive Producer – Caity Gray Lead Producer – Lauren Walker Producer – Brittany Mehmedovic Video Editor & Engineer – Rob Vitolo Audio Editor & Engineer – Nicole Boyce Researcher/Associate Producer – Gillian Spear Music by Hansdle Hsu — This podcast is brought to you by: ZipRecruiter Try it for free at this exclusive web address: ziprecruiter.com/ZipWeekly Learn more about your ad choices. Visit megaphone.fm/adchoices

Kyla Scanlon speaks with Jason Furman, a Harvard economist who spent 8 years as President Obama's top economic advisor. Furman argues in favor of the largely unpopular proposal for taxing unrealized gains, explains how tariffs could "shrink" the economy, explains immigration's role in the labor market, and more. The content of the video is for general and informational purposes only. All views presented in this show reflect the opinions of the guest and the host. You should not take a mention of any asset, be it cryptocurrency or a publicly traded security as a recommendation to buy, sell or hold that cryptocurrency or security.  Guests and hosts are not affiliated with or endorsed by Public Holdings or its subsidiaries. You should make your own financial and investment decisions or consult respective professionals. Full disclosures are in the channel description. Learn more at Public.com/disclosures. Past performance is not a guarantee of future results. There is a possibility of loss with any investment. Historical or hypothetical performance results, if mentioned, are presented for illustrative purposes only. Do not infer or assume that any securities, sectors or markets described in the videos were or will be profitable.  Any statements of future expectations and other forward-looking statements are strictly based on the current views, opinion, or assumptions of the person presenting them, and should not be taken as an indicator of performance nor should be relied upon as an investment advice.

Wealthy business owners and landlords are vilified. Yet, wealthy actors, athletes, and singers are praised. This makes zero sense. Businesses and landlords provide essential services; entertainers don't. The White House recently published a “rent control light” plan. It's a bad idea and has almost zero chance of passing a divided Congress. I critique it. Hear my in-person sit-down interview the Liberland President, Vit Jedlicka. Liberland is a micronation in Eastern Europe, between Serbia and Croatia. It calls itself: “The freest sovereign state in the world, powered by the blockchain.” Learn about Liberland's: reason for existing, population, infrastructure, real estate, currency, geography, language, culture, problems, and more. You can purchase merits and become a citizen at Liberland.org. Resources mentioned: Learn more about the freest nation in the world, Liberland: Liberland.org For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation   Complete episode transcript:   Keith Weinhold 00:00:01  Welcome to GRE. I'm your host, Keith Weinhold. Why do people vilify wealthy business owners and landlords but praise wealthy actors and athletes? Rent control plans must be killed where the real opportunity is in today's real estate market. Then my in-person sit down interview with the president of the micro nation of Levelland today and get rich education.   Robert Syslo 00:00:27  Since 2014, the powerful Get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Reinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Phone apps build wealth on the go with the get Rich education podcast.   Robert Syslo 00:01:05  Sign up now for the get Rich education podcast or visit get Rich education.com.   Corey Coates 00:01:13  You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold 00:01:29  Welcome to Greece. From Dubrovnik, Croatia, to Dublin, Ohio, and across 188 nations worldwide. I'm Keith Weinhold than you are inside episode 512 of get Rich education. You can set up your life so that you stop using your time to make money. Use the bank's money to make money. People come from scarcity families, just like I did with a scarcity mindset to think all debt is bad. Hang off debt won't make you wealthy. You don't build wealth. So by the time you reach age 62, you think, hey, I just paid off my last debt and now I can retire. It doesn't work that way. Well, why couldn't you retire sooner? Sheesh. So what do people mistakenly do? They end up working their whole life for people that have debt. Successful business owners and real estate investors carry debt.   Keith Weinhold 00:02:29  That's how they can own so much productivity and so many assets. And you know what's interesting here? Business owners and real estate moguls, they're the ones that often seem to be vilified, criticized, ridiculed for obtaining wealth when they took risks, took out loans and provided jobs or housing for others, yet Yet at the same time, somehow actors, athletes and singers are all praised for obtaining wealth as a performing artist. That makes zero sense. Why would you criticize a successful business owner like Amazon founder Jeff Bezos? Bezos probably made your life distinctly better by offering you convenient shopping for anything. Protein bars with a few clicks, free shipping, and pioneering drone delivery. A landlord is often vilified. Most landlords are mom and pop types that aren't even that wealthy. But even if they were, as long as they're not a slumlord, I mean, they took on risk debt, operating expenses, and being on call 24 over seven in order to provide others with housing. So with Bezos types and landlords, we're talking about taking risk to provide society with essentials like food and housing.   Keith Weinhold 00:03:58  And while the business owners get vilified baselessly performing artists like actors, athletes and singers do not. Yet they merely provide entertainment to society. Now I like entertainment and I follow sports to the NFL. Major League Baseball, the NBA. But their services are not essential. Take a movie actor. They get paid well for pretending to be somebody else. Consider how absurd that sounds. And yet they're praised for obtaining wealth from doing that. So this is really backwards. And, you know, I think that a lot of this resentment for business owners is that you can't really see what they do for you. Like, you can a performer that's on the front stage, like Beyonce or Lizzo or Taylor Swift, Business owners, real estate investors, they're on the back stage. And what an entertainer does front stage that is highly visible. I mean, that's my best guess about why this is. And a lot of the time it just comes back to these primordial human emotions like resentment and jealousy and envy. There is no reason to criticize the rich just solely for being wealthy Because deep down, it's all where we want to be.   Keith Weinhold 00:05:21  Anyway, how is Bezos bad and Lizzo good? I don't get it, but it's been that way for a while now. When you look at surveys of institutions that are most trusted over time, and it's been pretty much the same these past few decades, what's at the top of the polls are small businesses. People say that they're trusting of small businesses in your rental property. Business surely counts here. Small businesses trusted more than institutions like the media or politicians. So I encourage you on social media and wherever else to support small businesses. And it's kind of funny how friends they often might not put a like on your small business, though they say that they trust them and that they resent large businesses, you know? Then that friend turns right around and supports Apple, Coca-Cola, and Starbucks. people say they trust small business, but so often then they go patronize large businesses. Nothing wrong with patronizing large businesses, but you're just not doing what you're saying. So my point is, don't resent anyone just for financial success and consider outwardly supporting small businesses.   Keith Weinhold 00:06:40  If you indeed put a lot of trust in them yourself, just like much of America says that they do. Now, is there a movement afoot to disenfranchise big wealthy business owners or big landlords. I mean, we're talking about these very people that are resented. Well, one way is with rent control, that is capping the amount of rent that landlords can charge. Now, since Covid hit in March of 2020. Apartment rents are up 18% and single family rents are up 25%. Okay. Those are cumulative figures over this four plus year stretch. And that's actually not that much. It's about 5% a year. And now sure, political news has been like galactic big this month with the Trump shooting and the Biden drop out and the Kamala Harris endorsement as a Democratic frontrunner. And we rarely talk politics here for a few reasons. Number one, it's divisive. People lose their minds. Secondly, speculation is cheap. So much of politics is speculating on what might happen in the future. Well, there's one known here.   Keith Weinhold 00:08:01  Whether you like it or not, expect six more months of President Biden. And thirdly, politics is overblown. Its importance is inflated. A president rarely changes your life. But the good news in this is that you can your autonomy, your freedom, your decisions. You can change your life. So to put the politics aside, let's stick to a one issue subject. The white House revealed published what I call a rent control lite plan earlier this month. And to give some credit first, this the same plan it also repurposes publicly and to build more affordable housing. I sent you a link to the whole thing in our newsletter last week. Well, this rent control lite thing has almost zero chance of becoming law. VP Kamala Harris endorsed it on ex. President Trump would kill it even if it's revived under the next president. It has no realistic shot of passing a divided Congress. But let's look at this anyway. What was proposed is that if a property owner increases rent more than 5% annually, it would reduce tax incentives for large landlords.   Keith Weinhold 00:09:23  I'll tell you what large landlords are in a moment. Now, you could still increase rent by more than 5%. It would just reduce the federal tax breaks and it would have lasted for only two years. And the reason the white House put this proposal together for just two years is as a bridge to a time when more homes are expected to be built. I mean, that's the real intent here. And importantly, this all would have only applied to owners of 50 plus units. So that's mostly for apartment owners. Single family rental owners would be largely untouched, but consider how apartment owners could have lost their accelerated depreciation benefit, also known as their cost segregation. And note that I'm already talking about this rent control light proposal in the past tense, not the present tense, because this whole thing, it's just a bunch of virtue signaling to try to show that something is being done to rein in housing inflation. Well, this is really odd and awkward since the inflation came from the government in the first place.   Keith Weinhold 00:10:30  I mean, sheesh, this is like shooting someone in the foot and then trying to get praise for bandaging the victim that you just shot. Well, the federal government, they just don't do rent control on this level at all. They haven't. In fact, the feds haven't regulated rents on private buildings since World War two. So this really isn't a thing, but it just brings to light that rent control is a bad idea. It puts a cap on risk. Time after time after time. History shows us that it makes developers stop building. Now, the white House plan did have a carve out for new builds. Also, what this does is that landlords have no incentive to improve property. That's why it reduces housing supply, which is already low, and it creates long term dilapidated living conditions, like I touched on here just a couple episodes ago. But how weird to even make such an ill advised proposal. I mean, look, if government puts a price cap of $2 on a gallon of milk, then dairies will stop producing milk.   Keith Weinhold 00:11:41  Milk shelves are going to be empty. It's like in communist countries. This is why you saw photos of bread lines. When there are price controls, then manufacturers don't produce. And just the same, landlords would stop providing housing. If I didn't put a fine enough point on this yet. President Obama's top economist, Jason Furman. He probably said it best in the Washington Post. Furman says, quote, rent control has been about as disgraced as any economic policy in the toolkit. The idea that we'd be reviving and expanding it will ultimately make our housing supply problems worse, not better. End quote from President Obama's top economist 94% of economists agreed that rent control reduces quality and quantity of housing available. It is the most effective way to destroy a city. Aside from bombing it, what an ill conceived plan to regulate rents. That's rent control, but the most dangerous drinking game of 2024 that is still sipping at every mention of the interest rate lock in effect on a real estate or economics podcast. Though it's been two plus years since they made their dramatic rise.   Keith Weinhold 00:13:05  Many are still transfixed on mortgage rates. They recently hit a five month low below 7%, and a lot of people still expect mortgage rates to fall between today and next year, since inflation has now plunged from a high of 9.1% two years ago, down to 3% now, the Federal Reserve has held rates steady for more than a year now, and most don't expect any change either when they meet in two days. But be ready. Be prepared when mortgage rates fall substantially. Millions more buyers will qualify to buy a home, and this could substantially stoke housing demand and lift housing prices further. Now last week on the show, you heard gray investment coach narration. I discuss Libre land libre, land libre land. Earlier this month, I visited the exhibit hall at an event called FreedomFest. I saw the library and booth and I recognized their name, and I congratulated the people there in the booth. On that, the fact that I have heard of Liberland before, that's somewhat of a compliment to them. It shows me that they're doing something right, liberal, and is a small piece of land between Serbia and Croatia in Eastern Europe, and it apparently hasn't been claimed by any other nation for decades.   Keith Weinhold 00:14:32  The name Liberland, and I think it's easy to remember because it sounds like liberty. So that's how you pronounce it. Well, I got to talking to some of their representatives at the exhibit hall. They're all smart people, but there was no one person that had all the answers I was looking for. So I requested to speak with the president of Liberland. And about two hours later we made that happen. So today, shortly you will hear Liberland President Vit Jedlicka and I together. Now, the United Nations doesn't yet recognize Libya and all. Ask the president if other nations recognize it. Wikipedia calls liberal and a micro nation. It is seven square kilometers. That's almost three square miles. It's mostly forested. I don't believe there are any mountains there that I can see in the photos. It has Danube river frontage and just a few people there. The Danube river frontage is key because it contains an island that belongs to Leon, and also the Danube is key because it also connects to the Black Sea.   Keith Weinhold 00:15:40  And we'll see if it can be a tax free haven, which is apparently the intent. You might be able to see this working when you compare it to micro nations like Monaco and Liechtenstein. Some journalists have been skeptical about libre land. You'll see how I approach it with the president shortly. He champions laissez faire capitalism. Laissez faire means a minimal government. They're also making the new nation's laws transparent on the blockchain and an economy based on cryptocurrency. As for liberalized population, by March of this year, liberalism had 1200 registered citizens who had paid up to $10,000 for labor and passports, but fewer actually living in the nation now, working on it and building it. Neighbouring Croatia has at times been hostile and blocked off access to libre land. These past few years, you will hear some background noise in President Witte and his upcoming interview. So I ask for your attention and patience there and for all. We are in an exhibit hall at a conference. I'll just call him whit in the interview. And what does his day to day look like? He travels globally a lot, often trying to get into international diplomatic and friendship agreements.   Keith Weinhold 00:17:01  But how do you just adopt statehood out of nothing? That's what's interesting here. Now, when he describes libre land to me, you can't see it here in the audio only. But he often points to Liberty Island, an island on the Danube river that's part of Liberty. And does having a free nation mean that you have the freedom to do whatever you want on your land, or they're soon going to be hos there? I'll ask him that very question, literally. President and I coming up here shortly. First, as for more, I suppose, a familiar land here in the US. You can't make any money from the rental property that you don't own. We are here to help get you started being profitable that way. And it's free. Get some of those. Real estate pays five ways properties. Then we have access to a good number of them here at great a good variety, different property types, different geographies. But at times I'm asked where is the real estate opportunity today in this real estate market, with higher prices, higher rents normalize interest rates, higher operating expenses and low housing supply? Really the opportunity is in affordable housing.   Keith Weinhold 00:18:25  If I could just put two words to it. That's the short answer of affordable housing. Like I often say, provide housing that's clean, safe, affordable and functional in today's market really emphasizes the affordable. That's where the sustainable demand is. Since so many want to be first time homebuyers are priced out of the market currently, it's like a dam that's waiting to break once interest rates go lower compared to a year ago, America has a lower proportion of homeowners and more renters, and the renter numbers just look to keep increasing due to that low affordability. And also this surge of immigrants from the past year or so. That is why you want to own affordable rental housing now. Affordable housing really that can mean a few things in a physical form. That could mean mobile home parks, single family homes, duplexes to fourplex or larger apartment buildings, but in any case, an income producing asset. Do you know what that does for you? That's like an employee that's working for you 24 over seven and without the personality problems, and they never call in sick.   Keith Weinhold 00:19:40  And when you're looking for a property, it's easier to screen properties that it is higher in screen employees. We can help set up an entire real estate investment plan for you with properties like a couple properties. I'll detail for you here shortly. And I also sent you these property details in the second section of last week's newsletter. You also got to see a photo of one of them. And by the way, you can get our wealth building newsletter by texting GR 266866. Just do it right now. What's on your mind for our free? Don't quit your daydream letter. Text GR 266866. And what's been in our newsletter lately? I showed you exactly where I think home prices are going to go by the year 2028. I loved writing about that and researching that for you in the Don't quit Your Daydream letter. Also, in recent letters, you got need to know details about our banks in real trouble now. The Wolf of Airbnb sentenced to prison y new homes will keep getting smaller. Why you can't blame investors for pricier housing.   Keith Weinhold 00:20:54  Why prioritizing property is a huge mistake, and the ten cities where you will regret buying property. And if those stories don't interest you, if getting the first crack at profitable income property does not interest you, then you won't want to subscribe. But if it sounds like those details interest you again, you can get the don't quit your day dream letter by texting gray to 266866 available properties we've had at Gray Marketplace lately that our investment coach can help me with are these two brand new single family homes that make great rentals. The first one is in Prairie Grove, Arkansas. These are the places where the numbers work, and Arkansas has been named the most landlord friendly of all 50 states. It is four bed, two bath purchase price of 288 K and a rent of $2,200. Good numbers for a new build there. It's 1500 and 50ft². The second property, also a new build, is in Pinson, Alabama that's just northeast of Birmingham. And this single family rental is three bed, two bath. The purchase price is 303 K, the rent is $2,000, it's 1400 and eight square feet.   Keith Weinhold 00:22:14  And that rent to price ratio that's not as good as the first one in Arkansas. But of course, Alabama's got those ultra low property tax rates that you get to pay. Yet you can own it and reside in any state or nation. We can help set up an entire real estate investment plan for you, whether it's with properties like these or others, with our investment coaching and it is free for you. Yes, it is just this free as sun, fresh air and hugs. If you think you're ready to buy some real estate pays five ways property. Book a time to chat at Gray marketplace.com/coach to help connect you with a marketplace of income properties. That's grey marketplace.com/coach liberal and president what you'd like and I straight ahead you're listening to get rich education. Hey you can get your mortgage loans at the same place where I get mine at Ridge lending group Nmls 42056. They provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire.   Keith Weinhold 00:23:32  With leverage, you can start your prequalification and chat with President Ridge personally. Start now while it's on your mind at Ridge Lending group.com, that's Ridge Lending group.com. And your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk Your cash generates up to an 8% return with compound interest year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just 25 K. You keep getting paid until you decide you want your money back there. Decade plus track record proves they've always paid their investors 100% in full and on time. And I would know because I'm an investor, to earn 8%. Hundreds of others are text family 266866. Learn more about Freedom Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text family to 66866.   Robert Helms 00:24:54  Everybody it's Robert Elms with the Real Estate Guys radio program.   Robert Helms 00:24:57  So glad you found Keith wine old and get rich education. Don't quit your day dream.   Keith Weinhold 00:25:11  Hey. Welcome back to get rich action. We're talking with someone that's going to explain a different subject to us. We're talking about starting up and the potential new nation. I was the president of that nation called Libre, Leon, I was there. President Witt, welcome in. Good to meet you. It's so good to have you here. And, you know, interestingly, we met at an event called Freedom Fest. So this is potentially so parallel with that as you're looking to develop your own nation now at a place like Freedom Fest, I think we have a lot of people that have a certain set of opinions, and a lot of people at a place like Freedom Fest, where you champion ideals, would probably love to tell you how they would like changes to be made in the United States. But I think if you ask that same person, okay, what if you begin with a clean slate? How would you begin a nation anew, but you're actually trying to do that? So tell us about Libber Land.   Keith Weinhold 00:26:04  It's pretty.   Vit Jedlicka 00:26:05  Exciting to.   Robert Helms 00:26:06  Hear Kennedy.   Vit Jedlicka 00:26:07  The candidate for president, talking about his plans to utilize blockchain to make the country transparent and or functioning. Libra is, I would say, at least 5 to 10 years ahead of any other nation states. And utilizing that, we are combining the best technology that is out there with the best ideas, ideology that is out there, which is, of course, libertarianism, making sure that the society as free as possible within some framework of basic rules. So this is exactly what we're doing. And we were looking for a piece of land to manifest that in physical world. And here we go. It's so liberal and it's a beautiful piece of land between Russia and Serbia that was not claimed by any other country for more than 35 years. We came there, we struggled with like we actually took nine years to even get inside of it properly. And now we're building and living there for more than a year.   Keith Weinhold 00:26:58  So this seven square kilometer plot of land between Croatia and Serbia, that is on the Danube floodplain, you've got frontage on the Danube river, even an island and the Danube river here in this Start-Up nation, if you will, of libre land.   Keith Weinhold 00:27:14  Really, as I've come to understand it, one real goal of liberalism is just to have any nation in the world recognize it as its own sovereign nation.   Vit Jedlicka 00:27:25  We actually got a couple countries to write or sign a regular deals, like with other states. We started with Somaliland, which was at the time unrecognized country. It's fully functional. Interesting story. It's actually former Peace of Somalia, which got independence like 25 years ago. And they're fairly finally prosperous and functioning, even without any recognition by any other country in the world. Now, they got recently recognized by Ethiopia. We followed up with Haiti agreement. We were signing a couple more agreements. Right now, I'm actually heading to one of the African countries to sign some friendship agreement. So it's not that the other countries don't recognize us now. We're working hard on diplomacy. You know, we have diplomatic relations with places like El Salvador, where we were on official diplomatic visits. So, of course, traditional form of recognition is one of our priorities.   Vit Jedlicka 00:28:13  But it's not the number one priority, really. Our number one priority is to finish a very close, a whole model of statehood and utilize the 745,000 people that applied for citizenship, for really real building of the country itself and the nation.   Keith Weinhold 00:28:31  Some recognition is coming slowly, but pulling back a bigger picture. Why do this? Why take this on? Why start your own nation?   Vit Jedlicka 00:28:39  Why not? I think leading by a good example is the best way to do things like talking about liberty. I did a lot of educational work on explaining people why liberty works, but it's much better to do things in the practical terms.   Keith Weinhold 00:28:53  Now, what's interesting is, you know, we've talked about freedom and the ideals of freedom earlier. This freedom mean freedom to do whatever you want.   Vit Jedlicka 00:29:03  You know, within some boundaries, of course, as long as you don't breach other people's freedoms and you have to find the right set up. And but right now, the problem with the current society is that there are so many regulations, you don't even know what you're reaching, and you're usually not reaching anybody's property or anybody.   Vit Jedlicka 00:29:20  It's just a bunch of stupid regulations that make your life tough. You cannot do business. You cannot even help your community. It's funny what kind of stuff we are dealing with in Croatia right now. There is a mosquito calamity in the neighborhood around Libre land and the local municipality don't have money to fix it. And they also don't let us to fix it because you have to have special license for fixing it. So everybody is suffering under the mosquito calamity, which is California.   Keith Weinhold 00:29:47  Okay, so that's an example of overregulation, potentially too many laws. You just brought up one of the limits of freedom, potentially. Well, we don't want people to be able to do anything or therefore they might be.   Vit Jedlicka 00:29:57  Able to hurt or to.   Keith Weinhold 00:29:58  Harm another person, but therefore that would be some sort of of law. And then there would be some need to sort of enforce that. So how does a start up country that wants to be a free nation, you know, how do you meet needs like laws and enforcement and perhaps a judicial process.   Vit Jedlicka 00:30:16  Or do you have a standard framework for the country? There is now a newly elected Congress. It's still a test election, but it has been already elected according to all the principles that the blockchain is bringing full transparency, immutability. It happens within the split of second of the very minimal cost. So all these things are actually already happening, and the Congress will now take all the laws that were prepared by the Preparatory Committee. And only if we have the whole framework of the laws necessary to run a state. I have 250 pages of regulations, very simple framework, which already allows a society to function quite well. And I would like to keep it that way. You know, keep the Constitution at the, let's say, the 20 pages and another 230 pages of different laws that define the the ways that the society should work. And anybody basically allowed to read all the regulations in the country within one day. It's not like here, right in the US.   Keith Weinhold 00:31:10  Yes. But its population grows, is the infrastructure grows, is more complicated, needs must be met.   Keith Weinhold 00:31:16  The size of government invariably and inevitably seems to expand with all existing nations in the world. I think the UN recognizes 193 sovereign nations currently. How do you keep the size of government from expanding over the long term in Libya?   Vit Jedlicka 00:31:32  It's a challenge. Of course, but the way we keep it is the way that there is only one institution that can make new laws, and it's kind of a corporate governance of liberalism. But that governance is in check by three other institutions that can get rid of the laws. The first and most important one is public veto. So majority of citizens can veto any law or regulations that they don't like. Second one is the Constitutional Court. So the Constitutional Court looks into the law if it basically is only focused on security and justice or diplomacy, so that the state shouldn't legislate on other things, really let other things to the private sector. So the Constitutional Court strictly looks if it adheres to that. That's another important institution. Then there is something like House of Lords of liberal minded, who can also veto the laws that the corporate governance the Congress actually creates.   Vit Jedlicka 00:32:23  So one institution to make laws and three institutions to get rid of it.   Keith Weinhold 00:32:28  Else about what's there now, the natural resources, the population and the infrastructure.   Vit Jedlicka 00:32:33  Well, that's the beautiful territory with the island next to liberal land. This is part of liberal land. It's called Liberty Island. It's a long, beautiful sandy beach. Right now, the under construction, there is 24, three houses in this area. So it will be one of the third thing will be the tourism. And we need to be able to host the visitors. We are planning two major music festivals and conferences in the summer, which will take place in August and in September. Of course, you're very well invited. We want to promote the tourism in Berlin, but also in the whole region. The biggest resorts. And it's like that with any country that is prosperous around the world. Be it Hong Kong or Singapore, is not the natural resources. It's the capacity of people to freely make, trade and do business.   Keith Weinhold 00:33:20  You're right.   Keith Weinhold 00:33:20  In fact, a place like yes, Hong Kong or Singapore or even Japan itself have been exemplary of that. A place can be prosperous without having many natural resources. It's truly about the ingenuity of the people we talk about. The people tell us more about the population.   Vit Jedlicka 00:33:35  The population. Right now we've got 800,000 people, almost that sign up for citizenship, which is a huge pipeline. I think the reasonable like ideal population of Liberal would be around 140,000. So we cannot even accept everybody to physically live in liberal land because we would be so overpopulated. Right now we've got some thousand citizens and 6500 residents that basically went through the pipeline, and there is a couple dozens of people living on the territory of liberal lands and working and building stuff. So it's kind of fun to see that initial development. very early into the development. There is still a quite a bit of obstacles to really speed up the development of the brand, mainly installed by Croatia, but we're very happy that after all these years we're able to actually be there physically and develop stuff.   Vit Jedlicka 00:34:23  So we're building a small hospital. There are seven construction workers that take care of it. We're also building the Treehouse resort. There is another ten guys working on that, and that there is a bunch of people that came to settle and they're helping with some stuff for the site. And then there is around 150 people that live around Liberal and that are connected and are supporting the movement. Well.   Keith Weinhold 00:34:44  Now we're a real estate platform. We're going to have both public land and privately.   Vit Jedlicka 00:34:50  Every land is private, in a sense. In labor land. The deal is that right now, people can actually come to the land and claim piece of land if they have enough merit. There is are the the shares of liberal land and can actually not even exchange them if they just have them. They have the right to settle things for fun, which is kind of exciting even though there are all these obstacles. But we're helping people to get over them and get the development of the country going as fast as possible.   Keith Weinhold 00:35:16  Can a person purchase merits or purchase land in labor land right now?   Vit Jedlicka 00:35:21  Anybody that donates to Libre land on the website gets the merits.   Keith Weinhold 00:35:26  Are there going to be things like Hoa's in Libre land? Is that something that you foresee? What is actually homeowners associations where you have neighborhoods and boards in those neighborhoods where you know they need to approve of things like, hey, you can only paint your home for different colors, and you need to mow your grass within every two weeks.   Vit Jedlicka 00:35:46  Well, that surely there will be different types of associations and liberal. We're not going to force one or the other type. This property development here on Liberty Island, the three houses and this area will be kind of association of sort. We want to have 24 people that that invest into the tree house, and they would act as a community. They will help each other, but they will also have the place to visitors. To really make sure that we have a good initial settlement for the permanent population. And I would like every single one of these guys to like some nice story behind how they came to live and then why they're building a house there. We want to make a reality TV show out of it as soon as possible as well.   Keith Weinhold 00:36:28  What about currency? The euro is used in the area. But you mentioned blockchain earlier, and I don't think you plan on using the euro in liberally. Tell us about that. We don't do.   Vit Jedlicka 00:36:38  That. We use liberal and dolar. We use liberal and merit. Those are the main currencies that are tied with our blockchain. And the pound dollar was launched on exchanges three months ago, reading quite nicely, steadily at 2 USD per $1 billion. So this is like also demanded currency by our suppliers.   Keith Weinhold 00:36:56  Is it a cryptocurrency? Yes.   Vit Jedlicka 00:36:58  It's just my own currency of our blockchain. Our blockchain is standalone. It's not depending on any other blockchain. Our citizens are the one ones that securely network and run the network. They run the servers. Every single citizen in Lebanon has the right to run the run the network. That's kind of all we know. We're not really being dependent on any other network like Ethereum or Polkadot. We are simply running our own thing with its own main token. The main token is liberal dollar, but the main political token is liberal and varied, and that also comes with the political voting rights.   Keith Weinhold 00:37:32  Do you foresee there being a future rental property market on libre land?   Vit Jedlicka 00:37:39  Oh, of course, of all these, all these three houses are meant to be for rental for bigger events or team building. So this is something that is happening right now, and I wish we could have at least, you know, 50 bedrooms there by the end of summer.   Keith Weinhold 00:37:54  You know, we talked about how society might work on liberally, and why don't we pull back a bit more and talk about that physical geography, because you chose an area that's basically on the Danube floodplain. So it's probably pretty fertile and it's near some other populated nations. But of course, there are some areas of the world that no one else is claiming. Tell us about how you chose this area over. All the others in the.   Vit Jedlicka 00:38:16  Area was in the most reasonable place, I would say, between the two countries that had war, and they learned to sort out things in a peaceful way. And, you know, Antarctica is also on claim, but you don't want to stay there.   Vit Jedlicka 00:38:27  It's for freezing, right? This particular place is heart shaped. It's seven square kilometers. It was a culturally similar environment to where I was born, so I was considering it as a perfect place to start. And you can fit.   Keith Weinhold 00:38:39  You can get all four seasons in Libre land. What else should one know about Libre land that they come approach you with questions about what do people really want to hear about?   Vit Jedlicka 00:38:50  They of course are interested in the sport. They want to see how what kind of utility does it have? They're a bunch of countries where you can use it to get in and out, which is kind of cool. But the main utility for Americans, for example, is that they use it on crypto exchanges, or they use it with different financial institutions as a second passport. If the US passport is not good for that, it's a great membership club, you know, in the country that is just being born. And and it's a great social gathering. Think about this. 35,000 Americans that sign up for citizenship as well.   Vit Jedlicka 00:39:22  We've got a small consulate in every bigger state, or at least a representative person. The branch, for example, here is representing liberals in Washington, D.C. so we've got a nice network of nice guys all around the place, and then a potential big supportive network with all of these people that sign up for citizenship.   Keith Weinhold 00:39:41  Now, how do you get the word out about libertarians so that people can get interested? Of course, we are an example of this right now, as our audience is learning about liberal land and the pros and cons of this concept of a potential condition. How do others learn about it?   Vit Jedlicka 00:39:55  There were articles written in Liberal, and I believe in more than 40,000 different medias actually, so we were pretty heavily covered in past. I believe more than 1 or 2 billion people learned about it through the media outreach, but the word is also spreading from person to person. Like people like it. They get on board their friends, their families. It's kind of exciting to see that.   Keith Weinhold 00:40:18  What about the language in the culture that you see developing here? Will it feel European just based on its geographic proximity? Is that what you foresee, or does it have more to do with where the inhabitants come from?   Vit Jedlicka 00:40:31  The English, of course, is number one language, but we are also developing liberal English out of all the mistakes that we make in English, that makes the language a little bit difficult to learn and understand.   Keith Weinhold 00:40:41  Americans have to learn English.   Vit Jedlicka 00:40:43  We've got a quite nice culture there, which is, of course mixture of the local Slavic culture with this international make sense nowadays, people, a lot of people from Scandinavia that are moving in. I think we've got a very good German group now coming. There is quite a few Americans that are being involved. It's quite difficult, for example, for Americans to stay liberal. And right now we have to improve our relationship with Croatia because Americans are being banned from actually, for some strange reason.   Keith Weinhold 00:41:15  Okay, still some antagonism with your neighbor Croatia. That's kind of.   Vit Jedlicka 00:41:20  The situation.   Keith Weinhold 00:41:20  In Croatia has created some access problems as well. Tell us about that.   Vit Jedlicka 00:41:25  Well, there's been solved. Last year we when we we we came in to liberalize with more than 60 people at the same time. So they had no means of preventing that access. And since that time actually have free entry in an hour of liberalized. We have a small border crossing there with the with the Croatian police and kind of agreement that we can pass in and out, which is nice.   Keith Weinhold 00:41:46  Try to keep things smooth with Croatia there on the one side of Liberal and here this new Start-Up nation. And we're talking with president Vit here of Liberal. And are there any last things that people need to know about liberalism before I ask how they can go to your website and learn more? Are there any just other last things I think we should know?   Vit Jedlicka 00:42:05  It's a great opportunity to visit now with these two festivals. Those are nice social gatherings. It's the floating metal festival in August. That's the way.   Keith Weinhold 00:42:14  Man. Like the Burning Man.   Vit Jedlicka 00:42:15  Yeah, about the float. That's floating, man. Because we're on Danube. And then there is the Liverpool Echo, which is a major international festival that has moved on this year, which is based on an article, a famous Mexican festival that will be a probably the biggest cultural event this year.   Keith Weinhold 00:42:33  Well, literally. And be a success if it is a net exporter rather than a net importer, because it's difficult to have sectors for everything from industry to agriculture in Beyblade.   Vit Jedlicka 00:42:46  Well, our biggest export is freedom. Ideas like it's like Chile spreading like wildfire. think about it. Like for two months we had the biggest immigration in the world. We go to the United States, where there was more people applying for citizenship of liberal. And then there were applicants for green cards in the United States. The idea itself, it's something that the time has come. There is amazing interest in building new countries, building free countries. And right now I can see that we are on the right track when people like Canada are pushing for transparency through blockchain, because we know what they are talking about. We have already done it and we are applying it in the real world.   Keith Weinhold 00:43:24  Well, it's an interesting experiment in this way. You, the listener of the viewer, you can follow it as an experiment, as an example of what to not do or what to do as live land develops. Why don't you let our audience know how they can learn more about it?   Vit Jedlicka 00:43:42  Fairly easy to apply for citizenship.   Vit Jedlicka 00:43:44  You can first become your resident and then come and help some different means. Or you just directly go for the citizenship. It's an investment of $10,000 or donation of $10,000. And you become a member of of our community with the passport and with the right contacts to the right people. That will really help you to get the best out of the community.   Keith Weinhold 00:44:04  Well, I don't have a great chat with a national president every day, but I sure did today. Thanks so much for your time. It's been interesting learning about liberalism. Thank you very much.   Vit Jedlicka 00:44:15  Made me think UK and I hope to see you a liberal one.   Keith Weinhold 00:44:17  Maybe you will. It sounds like a donation of ten K gets you a liberal and passport. Like I said earlier, as of March 1200 people had paid up to that amount for the passport. Music festivals and conferences in Libya. In the next few months, that could be a way to check it out. Now, it's certainly something I'd need to know more about before I could either endorse it or reject it.   Keith Weinhold 00:44:48  Citizenship in Libya planned to get more of the skeptic side. The criticism I would visit the Libyan Wikipedia page and get ready for some dismissal of its diplomatic recognition there. Then you can visit Libre Land Oregon, learn more about citizenship status, the passport actually helping with the construction of the territory and earning libre land merits, which is a cryptocurrency. If you find it interesting, it's a matter for you to do some deep due diligence on next week. The King of Commercial Real Estate will be here with us. Until then, host Keith Wendell. Don't quit your day, Adrian.   Speaker 6 00:45:31  Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of yet Rich education LLC exclusively.   Keith Weinhold 00:45:59  The preceding program was brought to you by your home for wealth building. Get rich education.com.

Character actor and director Griffin Dunne joins Andrew Ross Sorkin at the Aspen Ideas Festival to discuss his new memoir, growing up in Hollywood, and the state of entertainment. Plus, how realistic is the Fed's 2% target inflation rate? CNBC's Steve Liesman and former CEA Chair Jason Furman discuss whether the central bank will and should adjust its goal. Plus, Nvidia stock is down in recent market sessions, the EU is taking aim at Microsoft, and the TSA beat its daily record of screenings, checking 2.99m people on Sunday.  Steve Liesman - 14:19Jason Furman - 18:16Griffin Dunne - 26:37 In this episode:Steve Liesman, @steveliesmanJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinBecky Quick,@BeckyQuickKatie Kramer,@Kramer_Katie

Jason Furman is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University. He is also non-resident senior fellow at the Peterson Institute for International Economics. Previously, Furman served eight years as a top economic adviser to President Barack Obama, including serving as the 28th Chairman of the Council of Economic Advisers from August 2013 to January 2017, acting as both Obama's chief economist and a member of the cabinet. In this podcast we discuss the difference between policymaking and academia, what caused post-COVID inflation, inflation persistence, and much more.    Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

This week, Nick and Goldy have a wide-ranging conversation with Jason Furman, who served as Chairman of the Council of Economic Advisers under President Obama. Furman brings a wealth of experience to the discussion, which covers America's post-pandemic recovery, the global inflation crisis, and reviving industrial policy. He also provides insight into the overall impact of President Biden's policies on the broader economic landscape.  Jason Furman is a prominent economist who served as the Chairman of the Council of Economic Advisers under President Obama from 2013 to 2017. He is currently a Professor of the Practice of Economic Policy at the Harvard Kennedy School and a Senior Fellow at the Peterson Institute for International Economics. Furman is known for his expertise in economic policy, particularly in the areas of tax policy, healthcare, and labor markets. Twitter: @jasonfurman Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer

This week on Facing the Future we'll talk with Jason Furman, a former top economic advisor to Presidents Clinton and Obama. He now teaches economics at Harvard University. We discussed the prospects of a "soft landing" for the economy and the crucial role of interest rates in projecting future debt.

US government debt is high, and it's getting higher. The US debt-to-GDP ratio is more than 100 per cent of GDP. The Congressional Budget Office thinks the deficit is headed to 6 per cent of GDP, and a lot of that is just the debt interest. Those numbers sound pretty scary, and neither political party seems ready to do anything about it. Today on the show, we worry about it with Jason Furman, the former chair of the Council of Economic Advisers during the Obama administration, and current professor of economics at Harvard.Soumaya Keynes writes a column each week for the Financial Times. You can find it here.Subscribe to the show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Google has fired 50 employees over sit-in protests at the office. Yale Lecturer Joanne Lipman and The Verge's Alex Heath discuss activism in the office, and tech's inflection point with its employees. Jason Furman, a Democrat economist, is making his case against President Biden's student debt relief plan, arguing that it will make inflation worse. CNBC's Steve Liesman is breaking down U.S. productivity data and what it means for the Federal Reserve. Plus, the Federal Trade Commission has voted to ban non-competes for employee contracts, Jamie Dimon is speaking out with his concerns for the economy, and Meta's AI glasses are getting an update.  Joanne Lipman & Alex Heath - 19:35Steve Liesman - 27:14Jason Furman - 30:28 In this episode:Joanne Lipman, @joannelipmanAlex Heath, @alexeheathSteve Liesman, @steveliesmanJason Furman, @jasonfurmanJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

Jason Furman, a professor of economics at Harvard, returns to the show to discuss the biggest economic questions of the moment, including: - Why have home and auto insurance prices skyrocketed? - Why did inflation stop falling in 2024? - How did economic experts get their disinflation forecasts so wrong? - What sticky-high prices are preventing further disinflation? - Are interest rates going to be higher for years? If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com.  Host: Derek Thompson Guest: Jason Furman Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Jason Furman and Gene Munster. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

With the Federal Reserve signaling it still plans to cut interest rates this year, has the inflation threat really abated? Heightened optimism about a soft landing has cooled somewhat as inflation at the start of the year has shown signs of persisting. What happens next will have big political implications too. In an election year, more voters seemingly have a negative opinion of how Joe Biden is handling the economy. If interest rates don't fall appreciably, it won't help his re-election prospects. On this episode of the Free Expression podcast, former Obama White House chief economist Jason Furman tells Gerry Baker why he's concerned about continuing inflation risks, how rising mortgage rates are causing so much pessimism in households nationwide, and what he thinks the Fed will do next.  Learn more about your ad choices. Visit megaphone.fm/adchoices

After a week of epic fails from the House and Senate GOP on Mayorkas and immigration, Sen. Claire McCaskill and Jennifer Palmieri highlight the significant chasm between Biden and Trump's campaign coffers. Like Biden, the country's economic picture is pretty rosy, so why does their guest, economist Jason Furman, think Biden is trailing Trump on the economy? And why does Nikki Haley keep insisting the presidential race comes down to her vs. Kamala Harris? Claire and Jen dig in.Subscribe to the How to Win newsletter! With the 2024 election season off to a dramatic start, now is the perfect time to get expert analysis on key races sent straight to your inbox, including insights from the network's top talent, like How to Win host Jennifer Palmieri. Click here to sign up.

In episode 330, the girls continue to talk about the genocide in Palestine, how Biden has lost the Arab and Muslim communities, the weather in Gaza, the truly disturbing Zionist talking points, and more.  FOOTNOTES: Remarks by President Biden at a Campaign Reception ‘A disservice to the American public': Democrats rip Biden over weapons sale to Israel A young man carries the body of a child amid the floods that flooded Jabalia camp in the northern Gaza Strip. Heavy rains in Gaza worsen misery of Palestinians amid Israeli bombardment Harsh weather adds to hardships for Palestinians displaced by war Brian Cox reads If I Must Die, by beloved Palestinian poet, teacher and martyr Refaat Alareer. Palestinians mourn poet Refaat Alareer killed in Israeli air strike Over the past 2 months, a ceasefire has been a central demand for our movement — put forth as a short-term objective that reflects the urgency of the current Zionist assault on Gaza. Did ⁦#Hamas plan rape as a weapon of war Footage shows bodies piled up after Israeli attack on Gaza school Israel-Hamas war live: Displaced people ‘killed point-blank' in Gaza school Israel-Hamas war updates: Gaza death toll surpasses 17,700 Gaza death toll tops 18,600 as Israeli attacks continue ‘Operation Al-Aqsa Flood' Day 68: Israel announces death of 10 soldiers, UN says Israel destroyed nearly quarter of Gaza's buildings Israel's Gaza bombardment ‘one of most intense civilian punishment campaigns in history' “It's hot here in the Middle East,” says Mark Regev Former Israeli Ambassador to the United Kingdom and current senior advisor to Netanyahu in response to a question about stripping Palestinian civilians of their clothes, and binding and blindfolding them. #BREAKING| New footage surfaced showing Israeli soldiers in #Gaza using Palestinian civilians to advance into built-up areas.  Fact or fiction: Is Israel really rounding up ‘Hamas fighters'? Images of stripped, bound Gazans prompt concern; Israeli official: Won't happen anymore Footage shows IDF parading scores of Palestinian men around in underwear Hamas, the militant group that attacked Israel, explained BREAKING: Israeli ambassador @TzipiHotovely rejects the idea of a two-state solution Israeli communications minister and member of Netanyahu's Likud party: "There will be no Palestinian state here. We will never allow another state to be established between the Jordan and the sea." A Harvard graduate student wearing a keffiyeh, was subjected to Islamophobic harassment on campus by Eve Gerber, wife of Jason Furman, professor at Harvard's Kennedy School and a former Obama Admin advisor. See omnystudio.com/listener for privacy information.

Stocks surged after Fed Chair Jay Powell's press conference and the Fed held rates steady. Jefferies Chief Market Strategist David Zervos and BD8 Capital's Barbara Doran break down the market action including earnings from Qualcomm, Airbnb, EA, DoorDash, Roku and Etsy. Former CEA Chair Jason Furman on the Fed and health of the economy. DoorDash CEO Tony Xu talks the latest quarter and consumer trends. Moor Insights & Strategy CEO Patrick Moorhead on Qualcomm's earnings. Plus, outgoing BlackBerry CEO John Chen reflects on his tenure and what's next.

Jason Furman was Obama's CEA chair and a Harvard econ professor, while Kyla is the my favorite economics influencer. We get into: What the deal is with inflation How policymaking is broken and what we need to fix it How Homer would tackle SBF Why goodreads is such a trash website Outtro music: Chocolate Snow, Inflation https://www.youtube.com/watch?v=h9E6F8xMjoA Learn more about your ad choices. Visit megaphone.fm/adchoices

President Zelensky admitted this week that Ukraine's counteroffensive has been “difficult” and Fareed talks with Alina Polyakova, the President and CEO of the Center for European Policy Analysis, about why it hasn't yielded the results many expected. Then, the recent coup in Niger: Fareed speaks with the senior director of the Atlantic Council's Africa Center, Rama Yade, about what this will mean for a region already plagued by unrest. Fareed then asks Jason Furman, the former chairman of the Council of Economic Advisors, a question on many people's minds: how did the US avoid a recession? Plus, theoretical physicist Michio Kaku tells Fareed why he believes the next big technological revolution is not artificial intelligence, but quantum computing. Guests: Alina Polyakova (@apolyakova), Rama Yade (@ramayade), Jason Furman (@jasonfurman), Michio Kaku (@michiokaku), Bruce Feiler (@BruceFeiler). Air date: August 13, 2023.To learn more about how CNN protects listener privacy, visit cnn.com/privacy

Today's show is about what I consider the biggest mystery of the U.S. economy. Last year, economic experts predicted a recession in 2023 with more confidence than they've predicted any recession in decades. We ended up with what some people are calling immaculate disinflation: an economy with low unemployment, falling inflation, rising real wages, and narrowing inequality. Harvard economist Jason Furman joins the show to talk about why so many economists were so wrong and what their wrongness teaches us about how the economy works. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com.  Host: Derek Thompson Guest: Jason Furman Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jason Furman is a professor of economics in the Economics Department at Harvard and at the Harvard Kennedy School. He also served as the chair of the Council of Economic Advisers under President Barack Obama.  In this week's conversation, Yascha Mounk and Jason Furman discuss the causes of today's persistent inflation in the US and whether it is likely to continue; how concerned we should be about the recent failures of mid-sized regional banks; and why America's share of world GDP has remained resilient over the past decades even though it sometimes feels dysfunctional relative to other developed economies like Germany and Japan. This transcript has been condensed and lightly edited for clarity. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: podcast@persuasion.community  Website: http://www.persuasion.community Podcast production by John Taylor Williams, and Brendan Ruberry Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

On Monday, First Republic Bank folded before being sold by regulators to JPMorgan Chase. At the time, it was the 14th largest bank in the U.S. and it is the second-largest American bank by assets to ever collapse. The story of First Republic's fall is similar to that of Silicon Valley Bank and Signature before it – the value of the bank's assets began to plummet as the Fed raised interest rates to fight inflation, causing a crisis of confidence among investors and depositors. This is exactly the kind of situation that the economic historian Adam Tooze warned of when he came on the show in October of 2022. In that conversation, Tooze argued that the Fed's interest rate hikes were “shaking the entire system” – putting pressure on every level of the global financial system, from regional banks to countries that borrow on the U.S. dollar. It would only be a matter of time, he predicted, before things started breaking. Well, things are certainly breaking now, and it's very possible there's more to come. The Fed decided to raise interest rates once again on Wednesday, bringing them above 5 percent for the first time in more than 15 years. So it felt like the right time to revisit our conversation about the fragile, uncertain future of the global economy at this history-making moment and the Fed's role in it. We also discuss what the British financial market meltdown means for the rest of the world, how the interest rate hikes in rich countries export inflation to other countries, the looming possibility of a global recession, why Tooze believes the confluence of high inflation, rising interest rates and high levels of debt points to an economic “polycrisis” unlike any the world has seen, why countries in South Asia are experiencing a particularly severe form of polycrisis, how the Fed should weigh its mandate to bring down inflation against the global consequences of its actions, why he believes analogies to the American inflationary period of the 1970s are misguided and more.Editor's note: Due to a technical error, a previous version of this episode featured the wrong audio file. The episode is now updated with the correct audio.Mentioned:“Slouching Towards Utopia by J Bradford DeLong — fuelling America's global dream” by Adam ToozeBook recommendations:The Neapolitan Novels by Elena FerranteYouthquake by Edward PaiceSlouching Towards Utopia by J. Bradford DeLongThoughts? 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.This episode of “The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma. Fact-checking by Michelle Harris, Rollin Hu, Mary Marge Locker and Kate Sinclair. Original music by Isaac Jones. Mixing by Jeff Geld. Audience strategy by Shannon Busta. Special thanks to Kristin Lin, Kristina Samulewski, Jason Furman, Mike Konczal and Maurice Obstfeld.

America's debt represents every deficit that's been run by every president, from George Washington to Joe Biden. Now, there's a showdown between the White House and Congress over whether or not the House will vote to lift the debt ceiling as they've done dozens of times in the past. Andy gets specific with Jason Furman, who was an advisor to President Obama during the 2011 debt ceiling debate, about how we got here, whether our debt is too high, and what actually happens if America defaults on its debt. Keep up with Andy on Twitter and Post @ASlavitt. Follow Jason Furman on Twitter @jasonfurman. Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium.    Support the show by checking out our sponsors! Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: https://lemonadamedia.com/sponsors/    Check out these resources from today's episode:  Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/ Order Andy's book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165  Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia.  For additional resources, information, and a transcript of the episode, visit lemonadamedia.com/show/inthebubble.See omnystudio.com/listener for privacy information.