Podcasts about Mercatus Center

CONGRESS: GOOD BAD UGLY OF THE BIG BEAUTIFUL BILL, NOW ACT. VERONIQUE DE RUGY, MERCATUS CENTER, GEORGE MASON UNIVERSITY. 1892 SCOTUS

Austan Goolsbee is one of Tyler Cowen's favorite economists—not because they always agree, but because Goolsbee embodies what it means to think like an economist. Whether he's analyzing productivity slowdowns in the construction sector, exploring the impact of taxes on digital commerce, or poking holes in overconfident macro narratives, Goolsbee is consistently sharp, skeptical, and curious. A longtime professor at the University of Chicago's Booth School and former chair of the Council of Economic Advisers under President Obama, Goolsbee now brings that intellectual discipline—and a healthy dose of humor—to his role as president of the Federal Reserve Bank of Chicago. Tyler and Austan explore what theoretical frameworks Goolsbee uses for understanding inflation, why he's skeptical of monetary policy rules, whether post-pandemic inflation was mostly from the demand or supply side, the proliferation of stablecoins and shadow banking, housing prices and construction productivity, how microeconomic principles apply to managing a regional Fed bank, whether the structure of the Federal Reserve system should change, AI's role in banking supervision and economic forecasting, stablecoins and CBDCs, AI's productivity potential over the coming decades, his secret to beating Ted Cruz in college debates, and more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded March 3rd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Austan on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

On this episode, Nathan Goodman chats with economist Ben Powell about common myths surrounding mass immigration, including fears of job loss, wage suppression, and fiscal burdens. Drawing from his book, Wretched Refuse?: The Political Economy of Immigration and Institutions, Powell presents cross-country evidence showing that immigration does not undermine culture, institutions, or productivity. Instead, it often correlates with improvements in economic freedom and institutional quality. He also highlights the importance of focusing on targeted policy solutions rather than broad restrictions.Dr. Benjamin Powell is the Executive Director of the Free Market Institute at Texas Tech University, a Professor of Economics in the Rawls College of Business at Texas Tech University, and a Senior Fellow with the Independent Institute. He is the Secretary-Treasurer of both the Southern Economic Association and the Association of Private Enterprise Education and the Treasurer of the Mont Pelerin Society.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Most people who leave Wall Street after twenty years either retire or find another way to make a lot of money. Chris Arnade chose to walk through cities most travelers never truly see. What emerged from this approach is a unique form of street-level sociology that has attracted a devoted following on Substack. Arnade's work suggests that our most sophisticated methods of understanding the world might be missing something essential that can only be discovered by moving slowly through space and letting strangers tell you, their stories. Tyler and Chris discuss how Beijing and Shanghai reveal different forms of authoritarian control through urban design, why Seoul's functional dysfunction makes it more appealing than Tokyo's efficiency, favorite McDonald's locations around the world, the dimensions for properly assessing a city's walkability, what Chris packs for long urban jaunts, why he's not interested in walking the countryside, what travel has taught him about people and culture, what makes the Faroe Islands and El Paso so special, where he has no desire to go, the good and bad of working on Wall Street, the role of pigeons and snapping turtles in his life, finding his 1,000 true fans on Substack, whether museums are interesting, what set him on this current journey, and more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated CWT channel. Recorded February 27th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Chris on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo Credit: Bryan Jones

On April 9th, President Trump signed E.O. 14267, Reducing Anti-Competitive Regulatory Barriers, which “commences the process for eliminating anti-competitive regulations to revitalize the American economy.” The order instructs the agency heads to review all regulations that may stifle economic competition or impose restraints on the free market. Many applaud the order, arguing that it addresses an overburdened economy, while others question the necessity of government regulation for ensuring a fair and just market.What does President Trump’s order mean for the future of the economy and the laws that regulate it?FeaturingAlden Abbott, Senior Research Fellow, Mercatus Center, George Mason UniversityCharlie Beller, Counsel to the Assistant Attorney General, Antitrust Division, U.S. Department of Justice (DOJ)Kathleen Bradish, Vice President and Director of Legal Advocacy, American Antitrust InstituteModerator: Bilal Sayyed, Senior Adjunct Fellow, TechFreedom

On this episode of Virtual Sentiments, host Kristen Collins chats with Deva Woodly on her book, Reckoning: Black Lives Matter and the Democratic Necessity of Social Movements (Oxford University Press, 2021), which draw from on-the-ground interviews with leaders in the Black Lives Matter Movement to comment on social movements and their role in democracy. In response to our current political moment, Woodly offers an alternative vision rooted in care, mutual aid, and solidarity economies, and highlights the ongoing erosion of the old order and the emergence of new democratic practices. The episode is both an urgent call to action and a hopeful reminder that democratic reconstruction begins with the small, collective acts of everyday life.Dr. Deva Woodly is a Professor of Political Science at Brown University. Woodly's work develops the concept of radical Black feminist pragmatism, offering a political vision grounded in care, solidarity, and participatory democracy. Her research and public commentary illuminate how movements like Black Lives Matter are reshaping our political landscape from the ground up.Read more work from Kristen Collins.Show Notes:Robert Putnam's Bowling Alone: The Collapse and Revival of American CommunityAlexis de Tocqueville's Democracy in AmericaErik Olin Wright's How to Be an Anti-Capitalist in the 21st CenturyBernard Harcourt's Cooperation: A Political, Economic, and Social TheoryIf you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatus

Any Austin has carved a unique niche for himself on YouTube: analyzing seemingly mundane or otherwise overlooked details in video games with the seriousness of an art critic examining Renaissance sculptures. With millions of viewers hanging on his every word about fluvial flows in Breath of the Wild or unemployment rates in the towns of Skyrim, Austin has become what Tyler calls "the very best in the world at the hermeneutics of infrastructure within video games." But Austin's deeper mission is teaching us to think analytically about everything we encounter, and to replace gaming culture's obsession with technical specs and comparative analysis with a deeper aesthetic appreciation that asks simply: what are we looking at, and what does it reveal? Tyler and Austin explore the value of the YouTube algorithm, what he notices now about real-world infrastructure, whether he perceives glitches IRL, why AI-generated art is getting less interesting, how the value of historical context differs between artistic forms, an aesthetic abundance agenda for nuclear power, the trajectory of video game quality since the 80s, whether the pace of seminal game releases has slowed, the relative value of commentary to the games themselves, why virtual reality adds nothing meaningful to the gaming experience, what's wrong with most video game analysis, what to eat in New Orleans, Tyler's gaming history, and more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated CWT channel. Recorded March 7th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

On this episode, Stefanie Haeffele chats with Abigail Hall on her latest book, How to Run Wars: A Confidential Playbook for the National Security Elite, which provides a satirical instruction manual for warfare. They discuss the various methods and approaches to bringing academic work to a broader audience, highlight the need for humility in providing commentary, emphasize the importance of Abigail's research in the increasingly militarized modern world and the role of satire in critiquing and resisting abuses of power, and more.Dr. Abigail R. Hall is an Associate Professor of Economics at the University of Tampa and a Senior Affiliated Scholar at the Mercatus Center at George Mason University. She has published numerous books, including her most recent satirical book, How to Run Wars: A Confidential Playbook for the National Security Elite co-authored with Christopher J. Coyne (2024). She holds a PhD in Economics from George Mason University and is an alum of the Mercatus PhD Fellowship. Her research focuses on U.S. defense policy and militarism.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Why is housing so expensive in many cities—and is the government making it worse?In this episode of the Let People Prosper Show, I interview Dr. Emily Hamilton, senior research fellow and director of the Urbanity Project at the Mercatus Center. We explore the big questions in housing policy: What drives rising costs? How do land-use regulations distort supply? And what reforms would make it easier for families to afford homes?Dr. Hamilton is a leading voice on urban economics and has worked extensively to evaluate how government decisions, particularly at the local level, restrict housing development and make affordability harder to reach for many Americans. We break down the challenges of the modern housing market through a free-market lens, offering real solutions that expand opportunity, protect property rights, and let people prosper.For more insights, visit vanceginn.com. You can also get even greater value by subscribing to my Substack newsletter at vanceginn.substack.com. 

Jon Hartley and Randal Quarles discuss Randy's career as a lawyer and in policy (including his time as Federal Reserve Vice Chair for Regulation) and topics such as the global financial crisis, Glass-Steagall, banking regulation, lender of last resort, Basel III, the Dodd-Frank Act, capital requirements, the potential relaxation of Treasuries in the Supplementary Leverage Ratio (SLR), deposit insurance after the Silicon Valley Bank regional banking crisis, and stablecoin regulation. Recorded on May 29, 2025. ABOUT THE SPEAKERS: Randal Quarles is the Chairman and co-founder of The Cynosure Group.  Before founding Cynosure, Mr. Quarles was a long-time partner of the Carlyle Group, where he began the firm's program of investments in the financial services industry during the 2008 financial crisis. From October 2017 through October 2021, Mr. Quarles was Vice Chairman of the Federal Reserve System, serving as the system's first Vice Chairman for Supervision, charged specifically with ensuring stability of the financial sector.  He also served as the Chairman of the Financial Stability Board (“FSB”) from December 2018 until December 2021; a global body established after the Great Financial Crisis to coordinate international efforts to enhance financial stability. In both positions, he played a key role in crafting the US and international response to the economic and financial dislocations of COVID-19, successfully preventing widespread global disruption of the financial system.  As FSB Chairman, he was a regular delegate to the finance ministers' meetings of the G-7 and G20 Groups of nations and to the Summit meetings of the G20.  As Fed Vice Chair, he was a permanent member of the Federal Open Market Committee, the body that sets monetary policy for the United States. Earlier in his career, Mr. Quarles was Under Secretary of the U.S. Treasury, where he led the Department's activities in financial sector and capital markets policy, including coordination of the President's Working Group on Financial Markets. Before serving as Under Secretary, Mr. Quarles was Assistant Secretary of the Treasury for International Affairs, where he had a key role in responding to several international crises.  Mr. Quarles was also the U.S. Executive Director of the International Monetary Fund, a member of the Air Transportation Stabilization Board, and a board representative for the Pension Benefit Guaranty Corporation. In earlier public service, he was an integral member of the Treasury team in the George H. W. Bush Administration that developed the governmental response to the savings and loan crisis. Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon is also the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.  Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star, among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.  ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

John Arnold built his fortune in energy trading by surrounding himself with smart people, maintaining emotional detachment, sensing market imbalances through first-principles analysis, and focusing with laser intensity on a single niche until he dominated it completely. Now he's applying that same analytical rigor to philanthropy, where he's discovered that changing human behavior for the long term proves far more challenging than predicting natural gas prices, and that the academic research meant to guide social policy is often riddled with perverse incentives and poor methodology. Tyler and John discuss his shift from trading to philanthropy and more, including the specific traits that separate great traders from good ones, the tradeoffs of following an "inch wide, mile deep" trading philosophy, why he attended Vanderbilt, the talent culture at Enron, the growth in solar, the problem with Mexico's energy system, where Canada's energy exports will go, the hurdles to next-gen nuclear, how to fix America's tripartite energy grid, how we'll power new data centers, what's best about living in Houston, his approach to collecting art, why trading's easier than philanthropy, how he'd fix tax the US tax code and primary system, and what Arnold Ventures is focusing on next. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 28th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow John on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

What if the real division in America isn't between Republicans and Democrats, Red States vs Blue States, or liberals and conservatives but between the American people and a small group of the political elite whose function is to divide the rest of us?  Tony Woodlief joins Saving Elephants host Josh Lewis to discuss how we may not be as divided as we think and how federalism holds the solution to many of the policy battles of the moment.   About Tony Woodlief Excerpts from Tony's bio in the State Policy Network and on his author page:   Tony Woodlief is State Policy Network's Senior Executive Vice President and Senior Fellow for SPN's Center for Practical Federalism. He helps oversee SPN operations, supports SPN's president in her guidance of the leadership team, and helps ensure the organization's projects and programs measure success, evolve as SPN grows, and maintain alignment with our vision and mission.   Tony previously served as president of the Bill of Rights Institute, and before that the Market-Based Management Institute. He has also served as president of the Mercatus Center at George Mason University. An alumnus of the University of North Carolina, he has a Ph.D. in political science from the University of Michigan, and an MFA from Wichita State University. Tony has appeared in media outlets including Fox News, The Wall Street Journal, The New York Post, National Review, and C-SPAN's Washington Journal.   Tony Woodlief is also an author. His short fiction has appeared in Image, Reckon Review, Ruminate, Dappled Things, and elsewhere. His story “Name” received a Pushcart Honorable Mention in 2010, and was included in Image Journal's 25th anniversary anthology. Tony's spiritual memoir, Somewhere More Holy, was listed among Image's top ten works of 2010. His most recent book is the novel We Shall Not All Sleep.   Tony is also the author of I, Citizen: A Blueprint for Reclaiming American Self-Governance. In writing I, Citizen, Tony conducted extensive research on American public opinion to find out what Americans believe and uncover the source of their political animosities. Through his research, Tony discovered that America is more united than divided, despite what the pundits tell us, and traced the source of our perceived animosity to a small minority of dedicated partisans within the political establishment of Washington, DC. I, Citizen tells the story of how these partisans have created the myth of a divided America and how they've concentrated power in the hands of unelected bureaucrats and partisan elites, and offers practical solutions for how we can reclaim our right to self-governance by focusing on solutions and commonalities closer to home.  

Why is the production of housing, especially new housing in big cities, so expensive? Why doesn't inclusionary zoning make our cities more affordable? How can cities amend the building code itself to help in housing production, and even make for better quality apartments?To answer these questions and more, I had a long and code-nerdy chat with Emily Hamilton. Emily is the Senior Research Fellow and Director of the Urbanity Project at Mercatus Center, George Mason University. That's a long title and way of saying, she's someone who does a LOT of research into housing policy, and really knows her stuff.I've been in this game long enough to be able to detect people who act like they're serious about housing policy, but really aren't. As in, they really don't much about how housing gets built, who builds it, why they build it, and why they might build more. Emily is not one of those people. She has a clear interest in getting more of all kinds of housing built, to help with the price crunch that exists in so many markets.If you want to talk code reform and housing policy, this is your episode.Find more content on The Messy City on Kevin's Substack page.Music notes: all songs by low standards, ca. 2010. Videos here. If you'd like a CD for low standards, message me and you can have one for only $5.Intro: “Why Be Friends”Outro: “Fairweather Friend” Get full access to The Messy City at kevinklinkenberg.substack.com/subscribe

Since the dawn of the Industrial Revolution, capitalism has unleashed unimaginable growth in opportunity and prosperity. And yet, at key points in American history, economic disruption has led to a greater role for government, ostensibly to protect against capitalism's excesses. Today, government regulates, mandates, subsidizes and controls a growing share of the American economy. Today on the show, retired U.S. Senator Phil Gramm, one of America's premier public policy advocates, and noted economist Donald J. Boudreaux look at the seven events and issues in American history that define, for most Americans, the role of government and how the 21st century world works. To many, these 5 periods of American history—the Industrial Revolution, Progressive Era, Great Depression, decline of America's postwar preeminence in world trade, and the Great Recession—along with the existing levels of income inequality and poverty, represent strong evidence for expanding government in American life. Gramm and Boudreaux argue that the evidence might point to a contrary verdict. Phil Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate where he was Chairman of the Banking Committee. Gramm is a Visiting Scholar at the American Enterprise Institute. He was Vice Chairman of UBS Investment Bank and is now Vice Chairman of Lone Star Funds. He taught Economics at Texas A&M University and has published numerous articles and books. Donald J. Boudreaux is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia. His writings have appeared in The New York Times, Wall Street Journal, Investor's Business Daily, The Washington Times, and many scholarly publications. Their new book is The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism.

We all know the old saying.  You don't talk about religion and politics in polite company. Only, does that advice make sense in a society like ours, where we practice self-governance? How can we govern ourselves if we can't talk to one another about politics? And, more pertinent to this episode of Plain Talk, how do we teach our kids how to participate in discourse over challenging issues like abortion or gun control if teachers are afraid to tackle politics in the classroom? Lindsey Galvao is a long-time educator -- the social studies curriculum specialist at GBH and a multiplatform creator for public media, and curriculum writer for the Civics Collection on PBS LearningMedia. (https://mass.pbslearningmedia.org/col...) Ben Klutsey is the executive director of the Mercatus Center at George Mason University whose work is featured in the documentary "Undivide US." (https://undivideusmovie.com/) They recently co-authored an op-ed about politics in the classroom, (https://www.grandforksherald.com/opin...) and joined my cohost Chad Oban and I to talk about that very conundrum. "We disagree and that's ok," Klutsey told us. The problem, he argues, is that so many people say "we disagree and you're a threat to my existence." Both Klutsey and Galvao say that teachers need to be unafraid to host discussions about even fraught social and political questions, but that their focus should be on listening and encouraging students to understand one another. But how do we deal with misinformation? Kids who might have gotten the idea that the Sandy Hook school shooting didn't really happen, as right-wing talk radio host Alex Jones has claimed, or that the world is flat? Galvao said she would encourage teachers to ask those kids, "How do you know what you know?" They should be encouraged to explore the basis for their point of view. "We have to think about abiding by certain core principles," Klutsey said, identifying them as respect, authenticity, and curiosity. Which is to say that we need to respect those who disagree with us, represent our own views authentically, and be curious about why others disagree with us. Though, he acknowledged, that doesn't mean making room for false information. "Facts are facts," he said, "and you have to engage on facts as an educator."  If you want to participate in Plain Talk, just give us a call or text at 701-587-3141. It's super easy — leave your message, tell us your name and where you're from, and we might feature it on an upcoming episode. To subscribe to Plain Talk, search for the show wherever you get your podcasts or use one of the links below. Apple Podcasts | Spotify | YouTube | Pocket Casts | Episode Archive

On this episode, Erwin Dekker chats with Director Tomasz Agencki on the making of "Notes on the Margin" (2024), a full length documentary on the life and legacy of Carl Menger, founder of Austrian economics. Despite limited archival material and conflicting accounts, Agencki crafts a visually rich story highlighting Menger's intellectual journey and reformist spirit.Tomasz Agencki is a freedom-focused movie maker who travels around the world to cooperate with like-minded creators. Agencki has over 15 years of experience in film and tv production, directs and films many of his own documentaries, and is a professional audiobook voice artist. Watch Agencki's “How Sweden Quit Smoking” (2024) or find his other works here.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Send us a textWhat happens when we stop seeing politics and markets as separate spheres and start recognizing their deep entanglement? Mikayla Novak, senior fellow at the Mercatus Center, challenges conventional economic thinking in favor of Dick Wager's "entangled political economy."Drawing from her fascinating career path through Australia's Treasury, free market think tanks, and her pursuit of multiple courses of study, Novak offers unique insights into institutional economics and political networks. Her background bridges disciplines in ways that embody Hayek's wisdom that "you can't be a good economist by just being an economist."We consider Boettke's distinction between "mainstream" economics—with its equilibrium models and market failure diagnoses—and the "mainline" tradition that views economies as dynamic processes shaped by institutions. This conversation reveals how Richard Wagner's entangled political economy theory helps understand policy failures. When government and markets form complex networks rather than separate spheres, simplistic reform attempts like "just cut spending" are disastrously unsuccessful.The discussion vividly illustrates why transaction costs matter deeply for institutional analysis. We examine how political networks form with elites enjoying low-cost access while ordinary citizens remain at the periphery. This structural understanding helps explain why some inefficient policies persist despite their obvious flaws—they benefit the well-connected core of our political-economic system.Mikayla Novak's page linkRichard Wagner: Entangled Political Economy Research NetworkBuchanan's Liberal TheoryPolitics as a Peculiar BusinessPrevious TAITC Episodes of Relevance:Randall Holcombe and Political CapitalismDonald Boudreaux on Law and LegislationLate Bloomers book, by Rich KarlgaardMunger on tariffs and costsIf you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz

Jon Hartley and Kenneth Rogoff discuss Ken's career as an academic economist, his time in international economic policy, rising sovereign debt burdens, monetary policy, the legacy of quantitative easing, exchange rate theories, tariffs, and the US dollar's status as the world reserve currency. Recorded on May 12, 2025. ABOUT THE SPEAKERS: Kenneth Rogoff is Thomas D. Cabot Professor at Harvard University. From 2001-2003, Rogoff served as Chief Economist at the International Monetary Fund. His 2009 book with Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly, has been very widely cited by academics, policymakers, and journalists. One regularity that Reinhart and Rogoff illustrate is the remarkable quantitative similarities across time and countries in the run-up and the aftermath of severe financial crises. In general, they show that for financial crises, the differences between emerging markets and advanced countries are far less pronounced than previously believed. Rogoff is also known for his seminal work on exchange rates and on central bank independence. His treatise, Foundations of International Macroeconomics (joint with Maurice Obstfeld), is the standard graduate text in the field worldwide. His monthly syndicated column on global economic issues is published in over 50 countries. He serves on the Economic Advisory Panel of the New York Federal Reserve. He is a member of the Council on Foreign Relations. Rogoff is an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Group of Thirty. Rogoff is among the top ten on RePEc's ranking of economists by scholarly citations. He is also an international grandmaster of chess. Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon is also the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.  Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star, among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.  ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/

Theodore Schwartz stands at the pinnacle of neurosurgical expertise. With over 500 published articles, 200 pieces of commentary, and 5 patents to his name—effectively producing a scholarly work every two weeks for three decades—Schwartz has spent most of his career at Weill Cornell Medicine, where he pioneered new minimally-invasive surgical techniques and led the Epilepsy Research Laboratory, among many (many) other things. His recent book Gray Matters: A Biography of Brain Surgery offers readers an insider's view of one of medicine's most demanding specialties. Tyler and Ted discuss how the training for a neurosurgeon could be shortened, the institutional factors preventing AI from helping more in neurosurgery, how to pick a good neurosurgeon, the physical and mental demands of the job, why so few women are currently in the field, whether the brain presents the ultimate bottleneck to radical life extension, why he thinks free will is an illusion, the success of deep brain stimulation as a treatment for neurological conditions,  the promise of brain-computer interfaces, what studying epilepsy taught him about human behavior, the biggest bottleneck limiting progress in brain surgery, why he thinks Lee Harvey Oswald acted alone, the Ted Schwartz production function, the new company he's starting, and much more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded January 31st, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Theodore on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

On this episode of Virtual Sentiments, host Kristen Collins chats with Alice Siu on how deliberative polling fosters informed, respectful public dialogue. They discuss the method's use in both in-person and on AI-assisted virtual forums, its role in shaping policy, and its potential to reduce polarization. Alice highlights the importance of teaching deliberative skills in schools and how real-time, structured conversations can strengthen democracy.Dr. Alice Siu is an Associate Director at Stanford University's Deliberative Democracy Lab and a senior research fellow at the Center on Democracy, Development, and the Rule of Law. Read more work from Kristen Collins.Show Notes:Alice's book chapter, “Reimagining Democracy: The Role of Technology and Deliberation”Alice's paper for the American Political Science Review, “Is Deliberation an Antidote to Extreme Partisan Polarization? Reflections on ‘America in One Room'”Results of Alice's work with Meta, April 2024, April 2025, “Results of First Global Deliberative Poll® Announced by Stanford's Deliberative Democracy Lab”New York Times article, “She Is in Love With ChatGPT”S1E4, Jennifer Forestal on Designing Democratic Digital SpacesS3E1, Kris Rose on Deliberative Democracy and Meta's Community ForumsIf you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatus

What role should the government play in small business owners economic life? It seems that with the Trump tariffs are at tax that the government is putting on all our lives, but should it just stay out of it?My next guests argue that that the evidence points to that  government interference and failed policies pose the most significant threat to economic freedom.Senator Phil Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate where he was Chairman of the Banking Committee. Senator Gramm is a Visiting Scholar at the American Enterprise Institute.I also talk with Donald J. Boudreaux who is an American economist, author, professor, and co-director of the Program on the American  Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia.They have a new book called “The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism”.Here is what we discussed:The genesis myth: the industrial revolution impoverished workersThe progressive era regulation: the myth and the history The myth that the great depression was a failure of capitalism The myth of trade hollowing out American manufacturing The financial crisis myth: deregulation caused the financial crisis The myth and reality of income inequality in America The myth that poverty is a failure of American capitalismBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-small-business-radio-show--3306444/support.

On this episode of the Hayek Program Podcast, Peter Boettke reflects on the lessons he's learned throughout his academic career, focusing on what it takes to succeed after graduate school. Boettke encourages graduates to: value the scientific pursuit of truth and scholarship; cultivate a sense of awe, wonderment, surprise, and appreciation; and to be curious. He cautions against prioritizing cleverness over clarity and emphasizes the need to continually adapt and adjust. Persistence and hard work pays off. Try to pursue ideas, not people. Don't be inept and don't be lazy. Pay attention to details. Be a productive member of your department. Produce research that is genuinely interesting and of intrinsic value to your academic peers. Try to be a life changing professor. Work with good people who challenge you and find that network which insists on lifelong learning, one where you can harshly criticize one another then go have a beer together. Boettke highlights the ongoing work of the liberal project, arguing that liberalism is not a fixed doctrine, it's an emancipatory project. Liberalism begins with a very strong recognition of oppression, but it brings a promise of deliverance. Because language and problems change over time, liberalism must be restated in the language and concepts of successive generations. He argues that the worst thing that can happen to a good cause is not to be artfully criticized, but to be ineptly defended.Peter Boettke is a Distinguished University Professor of Economics and Philosophy at George Mason University and Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center at George Mason University. He has published numerous books including The Socialist Calculation Debate: Theory, History, and Contemporary Relevance (2024), Money and the Rule of Law: Generality and Predictability in Monetary Institutions (2021), Living Economics: Yesterday, Today, and Tomorrow (2012), and Challenging Institutional Analysis and Development: The Bloomington School (2009).If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Nabeel Qureshi is an entrepreneur, writer, researcher, and visiting scholar of AI policy at the Mercatus Center (alongside Tyler Cowen). Previously, he spent nearly eight years at Palantir, working as a forward-deployed engineer. His work at Palantir ranged from accelerating the Covid-19 response to applying AI to drug discovery to optimizing aircraft manufacturing at Airbus. Nabeel was also a founding employee and VP of business development at GoCardless, a leading European fintech unicorn.What you'll learn:• Why almost a third of all Palantir's PMs go on to start companies• How the “forward-deployed engineer” model works and why it creates exceptional product leaders• How Palantir transformed from a “sparkling Accenture” into a $200 billion data/software platform company with more than 80% margins• The unconventional hiring approach that screens for independent-minded, intellectually curious, and highly competitive people• Why the company intentionally avoids traditional titles and career ladders—and what they do instead• Why they built an ontology-first data platform that LLMs love• How Palantir's controversial “bat signal” recruiting strategy filtered for specific talent types• The moral case for working at a company like Palantir—Brought to you by:• WorkOS—Modern identity platform for B2B SaaS, free up to 1 million MAUs• Attio—The powerful, flexible CRM for fast-growing startups• OneSchema—Import CSV data 10x faster—Where to find Nabeel S. Qureshi:• X: https://x.com/nabeelqu• LinkedIn: https://www.linkedin.com/in/nabeelqu/• Website: https://nabeelqu.co/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Introduction to Nabeel S. Qureshi(05:10) Palantir's unique culture and hiring(13:29) What Palantir looks for in people(16:14) Why they don't have titles(19:11) Forward-deployed engineers at Palantir(25:23) Key principles of Palantir's success(30:00) Gotham and Foundry(36:58) The ontology concept(38:02) Life as a forward-deployed engineer(41:36) Balancing custom solutions and product vision(46:36) Advice on how to implement forward-deployed engineers(50:41) The current state of forward-deployed engineers at Palantir(53:15) The power of ingesting, cleaning and analyzing data(59:25) Hiring for mission-driven startups(01:05:30) What makes Palantir PMs different(01:10:00) The moral question of Palantir(01:16:03) Advice for new startups(01:21:12) AI corner(01:24:00) Contrarian corner(01:25:42) Lightning round and final thoughts—Referenced:• Reflections on Palantir: https://nabeelqu.co/reflections-on-palantir• Palantir: https://www.palantir.com/• Intercom: https://www.intercom.com/• Which companies produce the best product managers: https://www.lennysnewsletter.com/p/which-companies-produce-the-best• Gotham: https://www.palantir.com/platforms/gotham/• Foundry: https://www.palantir.com/platforms/foundry/• Peter Thiel on X: https://x.com/peterthiel• Alex Karp: https://en.wikipedia.org/wiki/Alex_Karp• Stephen Cohen: https://en.wikipedia.org/wiki/Stephen_Cohen_(entrepreneur)• Joe Lonsdale on LinkedIn: https://www.linkedin.com/in/jtlonsdale/• Tyler Cowen's website: https://tylercowen.com/• This Scandinavian City Just Won the Internet With Its Hilarious New Tourism Ad: https://www.afar.com/magazine/oslos-new-tourism-ad-becomes-viral-hit• Safe Superintelligence: https://ssi.inc/• Mira Murati on X: https://x.com/miramurati• Stripe: https://stripe.com/• Building product at Stripe: craft, metrics, and customer obsession | Jeff Weinstein (Product lead): https://www.lennysnewsletter.com/p/building-product-at-stripe-jeff-weinstein• Airbus: https://www.airbus.com/en• NIH: https://www.nih.gov/• Jupyter Notebooks: https://jupyter.org/• Shyam Sankar on LinkedIn: https://www.linkedin.com/in/shyamsankar/• Palantir Gotham for Defense Decision Making: https://www.youtube.com/watch?v=rxKghrZU5w8• Foundry 2022 Operating System Demo: https://www.youtube.com/watch?v=uF-GSj-Exms• SQL: https://en.wikipedia.org/wiki/SQL• Airbus A350: https://en.wikipedia.org/wiki/Airbus_A350• SAP: https://www.sap.com/index.html• Barry McCardel on LinkedIn: https://www.linkedin.com/in/barrymccardel/• Understanding ‘Forward Deployed Engineering' and Why Your Company Probably Shouldn't Do It: https://www.barry.ooo/posts/fde-culture• David Hsu on LinkedIn: https://www.linkedin.com/in/dvdhsu/• Retool's Path to Product-Market Fit—Lessons for Getting to 100 Happy Customers, Faster: https://review.firstround.com/retools-path-to-product-market-fit-lessons-for-getting-to-100-happy-customers-faster/• How to foster innovation and big thinking | Eeke de Milliano (Retool, Stripe): https://www.lennysnewsletter.com/p/how-to-foster-innovation-and-big• Looker: https://cloud.google.com/looker• Sorry, that isn't an FDE: https://tedmabrey.substack.com/p/sorry-that-isnt-an-fde• Glean: https://www.glean.com/• Limited Engagement: Is Tech Becoming More Diverse?: https://www.bkmag.com/2017/01/31/limited-engagement-creating-diversity-in-the-tech-industry/• Operation Warp Speed: https://en.wikipedia.org/wiki/Operation_Warp_Speed• Mark Zuckerberg testifies: https://www.businessinsider.com/facebook-ceo-mark-zuckerberg-testifies-congress-libra-cryptocurrency-2019-10• Anduril: https://www.anduril.com/• SpaceX: https://www.spacex.com/• Principles: https://nabeelqu.co/principles• Wispr Flow: https://wisprflow.ai/• Claude code: https://docs.anthropic.com/en/docs/agents-and-tools/claude-code/overview• Gemini Pro 2.5: https://deepmind.google/technologies/gemini/pro/• DeepMind: https://deepmind.google/• Latent Space newsletter: https://www.latent.space/• Swyx on x: https://x.com/swyx• Neural networks in chess programs: https://www.chessprogramming.org/Neural_Networks• AlphaZero: https://en.wikipedia.org/wiki/AlphaZero• The top chess players in the world: https://www.chess.com/players• Decision to Leave: https://www.imdb.com/title/tt12477480/• Oldboy: https://www.imdb.com/title/tt0364569/• Christopher Alexander: https://en.wikipedia.org/wiki/Christopher_Alexander—Recommended books:• The Technological Republic: Hard Power, Soft Belief, and the Future of the West: https://www.amazon.com/Technological-Republic-Power-Belief-Future/dp/0593798694• Zero to One: Notes on Startups, or How to Build the Future: https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296• Impro: Improvisation and the Theatre: https://www.amazon.com/Impro-Improvisation-Theatre-Keith-Johnstone/dp/0878301178/• William Shakespeare: Histories: https://www.amazon.com/Histories-Everymans-Library-William-Shakespeare/dp/0679433120/• High Output Management: https://www.amazon.com/High-Output-Management-Andrew-Grove/dp/0679762884• Anna Karenina: https://www.amazon.com/Anna-Karenina-Leo-Tolstoy/dp/0143035002—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.lennysnewsletter.com/subscribe

Newt discusses the potential crises between China and Taiwan with Dr. Weifeng Zhong, a senior advisor at the America First Policy Institute and an affiliate scholar at the Mercatus Center. Dr. Zhong leads the open-source Policy Change Index project, which uses AI and machine learning to analyze propaganda texts and predict government actions. Their conversation explores the Chinese Communist Party's attitude towards Taiwan, the role of propaganda in shaping public sentiment, and the implications of China's domestic challenges on its foreign policy. Dr. Zhong highlights the importance of monitoring changes in propaganda to understand Beijing's intentions and discusses the potential impact of economic weakness on China's approach to Taiwan. They also discuss the use of AI in analyzing North Korean propaganda and the broader implications of Chinese technology in global surveillance. Dr. Zhong's insights provide a nuanced understanding of the geopolitical dynamics in the Taiwan Strait and the role of AI in predicting potential conflicts.See omnystudio.com/listener for privacy information.

For decades, conservatives treated unions like an economic flu—tolerable in small doses, but best avoided altogether. But starting with Trump's election in 2016, that narrative began to unravel, with prominent Republicans increasingly taking pro-union positions.Perhaps the most striking example was Teamsters President Sean O'Brien speaking at the 2024 Republican National Convention. Despite both parties courting working class voters, union membership has cratered to just 10%, down from over 20% in the early '80s.This puts the Trump administration in an interesting position. The old conservative playbook misses that many workers fueling this movement are now Republican voters. The question isn't just whether conservatives should oppose unions, but whether they can afford to.Joining today is Liya Palagashvili, Senior Research Fellow at the Mercatus Center, whose new paper "Do More Powerful Unions Generate Better Pro-Worker Outcomes?" examines these questions and argues for a moderate stance on unions.

Few understand both the promise and limitations of artificial general intelligence better than Jack Clark, co-founder of Anthropic. With a background in journalism and the humanities that sets him apart in Silicon Valley, Clark offers a refreshingly sober assessment of AI's economic impact—predicting growth of 3-5% rather than the 20-30% touted by techno-optimists—based on his firsthand experience of repeatedly underestimating AI progress while still recognizing the physical world's resistance to digital transformation. In this conversation, Jack and Tyler explore which parts of the economy AGI will affect last, where AI will encounter the strongest legal obstacles, the prospect of AI teddy bears, what AI means for the economics of journalism, how competitive the LLM sector will become, why he's relatively bearish on AI-fueled economic growth, how AI will change American cities, what we'll do with abundant compute, how the law should handle autonomous AI agents, whether we're entering the age of manager nerds, AI consciousness, when we'll be able to speak directly to dolphins, AI and national sovereignty,  how the UK and Singapore might position themselves as AI hubs, what Clark hopes to learn next, and much more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded March 28th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Jack on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

Conversations with Tyler: Read the notes at at podcastnotes.org. Don't forget to subscribe for free to our newsletter, the top 10 ideas of the week, every Monday --------- Harvard economist Kenneth Rogoff approaches global finance with the same strategic foresight that made him a chess grandmaster. Author of the new book Our Dollar, Your Problem, Rogoff doesn't sugarcoat America's future: he foresees a significant inflation shock within a decade, far more severe than the post-COVID bout. When this second wave hits, he warns, "credibility's really going to be shot." In this conversation, Ken and Tyler tackle international economic dynamics, unresolved macro puzzles, the state of chess, and more, including whether trade deficits are truly unsustainable, why China's investment-heavy growth model has reached its limits, how currency depreciation neutralizes tariff effects, Pakistan's IMF bailouts, whether more Latin American countries should dollarize, Japan's deceptively peaceful economic decline, Europe's coming fiscal reckoning, how the US will eventually confront its ballooning debt, the puzzling absence of a recession during our recent disinflation, the potential of phasing out large denomination currency notes, the future relevance of stablecoins, whether America should start a CBDC, Argentina's chances under Milei, who will be the next dominant player in chess, hanging out with Bobby Fischer, drawing out against Magnus Carlsen, and how to save classical chess from excessive computer preparation. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 2nd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Kenneth on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

Conversations with Tyler Key Takeaways  “Looking way forward, we are on an unsustainable path.” – Kenneth Rogoff on the US fiscal situation The debt continues to balloon and another inflationary impulse is on the horizon Higher taxation is likely as a means to manage the deficit Japan has been effective at becoming sclerotic slowly, but their economic model is not worth imitating – especially if you are trying to compete with China Japan could be in serious trouble: It is finally experiencing inflation, needing to raise interest rates, has stuffed government debt into every orifice of its economy, and cutting old-age benefits to pay its growing interest expense“I think this is absolutely an existential crisis for Europe. It may lead to them becoming more cohesive. It may lead to them becoming more of a geopolitical power, but yes, they are going to have to make choices that they haven't had to make.” – Kenneth Rogoff on the economic situation in Europe The US brain drain of Europe's top talent contributes to Europe's slow economic growthSuddenly, the United States spends more on interest expense than it does on defense spendingThe fact that real interest rates appear to have regressed to their long-term trend is the most important macro change in the world The US should not be the first nation to implement a CBDC, if it ultimately chooses to do soWhy change the rules of the game if we are on top and winning? The US is so big that we are probably headed towards having competitive stable coins instead of a single CBDC Bet on mean reversion: For many variables, it's wise to assume they'll eventually drift back toward their average – it's a useful principle to keep in mindThe predictability of political business cycles: Those in power ignore the debt, the problem grows, and we end up exactly where we are nowChoosing the optimal inflation rate is one of the greatest macro puzzles – should it be 0%, 2%, 4%, or something else? China has dug itself in a very deep hole that will be difficult to dig out of: Innovation is required for a successful economy; just growing by building more roads and infrastructure will result in diminishing returns Read the full notes @ podcastnotes.org Harvard economist Kenneth Rogoff approaches global finance with the same strategic foresight that made him a chess grandmaster. Author of the new book Our Dollar, Your Problem, Rogoff doesn't sugarcoat America's future: he foresees a significant inflation shock within a decade, far more severe than the post-COVID bout. When this second wave hits, he warns, "credibility's really going to be shot." In this conversation, Ken and Tyler tackle international economic dynamics, unresolved macro puzzles, the state of chess, and more, including whether trade deficits are truly unsustainable, why China's investment-heavy growth model has reached its limits, how currency depreciation neutralizes tariff effects, Pakistan's IMF bailouts, whether more Latin American countries should dollarize, Japan's deceptively peaceful economic decline, Europe's coming fiscal reckoning, how the US will eventually confront its ballooning debt, the puzzling absence of a recession during our recent disinflation, the potential of phasing out large denomination currency notes, the future relevance of stablecoins, whether America should start a CBDC, Argentina's chances under Milei, who will be the next dominant player in chess, hanging out with Bobby Fischer, drawing out against Magnus Carlsen, and how to save classical chess from excessive computer preparation. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 2nd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Kenneth on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

Harvard economist Kenneth Rogoff approaches global finance with the same strategic foresight that made him a chess grandmaster. Author of the new book Our Dollar, Your Problem, Rogoff doesn't sugarcoat America's future: he foresees a significant inflation shock within a decade, far more severe than the post-COVID bout. When this second wave hits, he warns, "credibility's really going to be shot." In this conversation, Ken and Tyler tackle international economic dynamics, unresolved macro puzzles, the state of chess, and more, including whether trade deficits are truly unsustainable, why China's investment-heavy growth model has reached its limits, how currency depreciation neutralizes tariff effects, Pakistan's IMF bailouts, whether more Latin American countries should dollarize, Japan's deceptively peaceful economic decline, Europe's coming fiscal reckoning, how the US will eventually confront its ballooning debt, the puzzling absence of a recession during our recent disinflation, the potential of phasing out large denomination currency notes, the future relevance of stablecoins, whether America should start a CBDC, Argentina's chances under Milei, who will be the next dominant player in chess, hanging out with Bobby Fischer, drawing out against Magnus Carlsen, and how to save classical chess from excessive computer preparation. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 2nd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Kenneth on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

On this episode of the Hayek Program Podcast, Margaret Levi delivers a keynote lecture at the 2024 Markets & Society conference, exploring her latest research on political equality and arguing that it has been poorly conceptualized and measured in comparison to economic equality. She frames political equality around three dimensions: participation, representation, and responsiveness, emphasizing that it is relational and rooted in social interactions and is not merely a matter of resource distribution. Levi highlights new empirical tools for better assessing political equality, including surveys on empowerment, studies of social capital, and network analysis.Margaret Levi is Professor Emerita of Political Science and Senior Fellow at the Center for Democracy, Development and Rule of Law (CDDRL) at the Freeman Spogli Institute (FSI) at Stanford University. Levi is currently a faculty fellow at CASBS and Senior Fellow at the Woods Institute for the Environment, co-director of the Stanford Ethics, Society and Technology Hub, and the Jere L. Bacharach Professor Emerita of International Studies at the University of Washington.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Across the globe, many people see democracy retreating and authoritarianism on the rise. In places as diverse as India, Hungry, Niger, El Salvador, and even right here in the United States, people of all political background are concerned about the state of their democracy, even if their reasons for worry differ. From attacks on courts, to the accumulation of executive power, and the takeover of institutions, many countries have see their democracies weaken, while many others have seen their democracies completely overthrown (at least 32 coup d'état's since 2010, and many more attempts, around the world).  Freedom House has marked overall democratic decline for the past 19 years based on their global metrics, while countless articles have been written about democratic backsliding around the world.In this month's episode, we discuss the state of democracy around the world with Dr. Henry Thomson of Arizona State University. Throughout this conversation, we cover the pathways to democratic decline and dive into the trends that the world is currently experiencing, while putting this discussion in historical context. In addition, we talk about what lessons pro-democracy forces can learn from the transitions that other countries have made away from authoritarian styles of government. It is important to remember that at one point in time, all countries were under authoritarian forms of government. Dr. Henry Thomson is an Associate Professor in the School of Politics and Global Studies at Arizona State University. He is a political economist with a research focus on economic development, authoritarian rule, and transitions to democracy.He is the author of two books, Watching the Watchers: Communist Elites, the Secret Police and Social Order in Cold War Europe (New York: Cambridge University Press, 2024) and Food and Power: Regime Type, Agricultural Policy and Political Stability (New York: Cambridge University Press, 2019).Before joining ASU, Thomson was a Postdoctoral Prize Research Fellow at Nuffield College, Oxford. He completed his PhD in Political Science at the University of Minnesota. His doctoral dissertation won the 2015 Juan Linz Prize for the Best Dissertation in the Comparative Study of Democratization from the American Political Science Association. He has been a visiting scholar at the Mercatus Center at George Mason University, at Australian National University, and at the German Institute for Global and Area Studies in Berlin.Professor Thomson teaches classes on Democratization, Political Economy, International Political Economy, and social science research design.

0:00 - Durbin not running 17:14 - Pritzker threatens El Salvador 34:52 - Michelle Obama on the unspoken pain and labeling of black women and the burdens they must carry 54:42 - The Age of Extinction 01:08:25 - American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University, Donald J Boudreaux: If you believe trade deals will restore manufacturing employment, you're going to be disappointed. Check out Donald’s daily blog at cafehyek.com 01:27:02 - President of Center of the American Experiment and contributor to Powerline, John Hinderaker: Who Says Democrats Aren’t Pro-Crime? Get John’s latest at powerlineblog.com 01:43:09 - SCOTUS oral arguments on 1st A case...books in Maryland govt schools 01:54:27 - EdSec Linda McMahon on Trump EO to allow teachers to institute discipline in their classrooms 02:00:57 - Joseph Bottum, visiting chair in conservative thought and policy at University of Colorado's Benson Center for the Study of Western Civilization: College Students Don’t Read. But Can They? For more from Prof Bottum poemsancientandmodern.substack.comSee omnystudio.com/listener for privacy information.

Jon Hartley and Phillip Swagel discuss Phill's career as an academic economist, his time in economic policy, why the CBO is important in the budget policy process, current law versus current policy baselines, dynamic scoring versus static scoring, the accuracy of CBO scores, CBO modeling, as well as CBO model transparency. Recorded on March 18, 2025. ABOUT THE SPEAKERS: Phillip Swagel became the 10th Director of the Congressional Budget Office on June 3, 2019. Previously, he was a professor at the University of Maryland's School of Public Policy and a visiting scholar at the American Enterprise Institute and the Milken Institute. He has also taught at Northwestern University, the University of Chicago's Booth School of Business, and Georgetown University. His research has involved financial market reform, international trade policy, and China's role in the global economy. From 2006 to 2009, Dr. Swagel was Assistant Secretary for Economic Policy at the Treasury Department, where he was responsible for analysis of a wide range of economic issues, including policies relating to the financial crisis and the Troubled Asset Relief Program. He has also served as chief of staff and senior economist at the Council of Economic Advisers in the White House and as an economist at the Federal Reserve Board and the International Monetary Fund. He earned his Ph.D. in economics from Harvard University and his A.B. in economics from Princeton University. Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.  Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/

Chris Dixon believes we're at a pivotal inflection point in the internet's evolution. As a general partner at Andreessen Horowitz and author of Read Write Own, Chris believes the current internet, dominated by large platforms like YouTube and Spotify, has strayed far from its decentralized roots. He argues that the next era—powered by blockchain technology—can restore autonomy to creators, lower barriers for innovation, and shift economic power back to the network's edges. Tyler and Chris discuss the economics of platform dominance, how blockchains merge protocol-based social benefits with corporate-style competitive advantages, the rise of stablecoins as a viable blockchain-based application, whether Bitcoin or AI-created currencies will dominate machine-to-machine payments, why Stack Overflow could be the first of many casualties in an AI-driven web, venture capital's vulnerability to AI disruption, whether open-source AI could preserve national sovereignty, NFTs as digital property rights system for AIs, how Kant's synthetic a priori, Kripke's modal logic, and Heidegger's Dasein sneak into Dixon's term‑sheet thinking, and much more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded March 26th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Chris on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

Ben Klutsey, executive director of the Mercatus Center whose work to bridge political differences is showcased in the documentary Undivide Us, shares a formative story of encountering racism as a child visiting Germany—a moment of unprovoked hostility that deeply shaped his outlook. Years later, after leaving Ghana and arriving in Appleton, Wisconsin for college, he was met with unexpected warmth, an experience he describes as a healing contrast that sparked his lifelong commitment to what he calls pluralist points. For Klutsey, pluralism means more than diversity—it's about engaging across difference with tolerance, humility, and patience. When We Disagree returns for season 3 in August 2025. Tell us your argument stories! Email guest and topic suggestions to us at whenwedisagree@gmail.com Follow us on Instagram

On this episode of Virtual Sentiments, host Kristen Collins chats with Hannah Gais on the far-right rallies and social media presence on platforms like Telegram and X. Hannah explores the events of the Unite the Right rally, the storming of the capital on January 6th, the far-right in the wake of the first and second Trump presidencies, and the dangers of expanding domestic terrorism laws. **This episode was recorded in December 2024.Hannah Gais is a journalist and researcher focused on the radical right at the Southern Poverty Law Center.Read more work from Kristen Collins.Show Notes:Hannah's work with Cassie Miller, "Capitol Insurrection Shows How Trends On The Far-Right's Fringe Have Become Mainstream"Hannah's 2021 New Republic article, "A New 'War on Terrorism' Is the Wrong Way to Fight Domestic Extremists"Brennan Center report co-authored by Mike German, "Fighting Far-Right Violence and Hate Crimes"Hannah's work drawing connections between more extreme figures and more mainstream figures like Tucker Carlson, "In Rural Pennsylvania, Extremists Declare ‘Victory is Ours'" and "For CPAC Attendees, ‘America Is Under Attack'"Hannah's article, "welcome to america"On Terrorgram indictments, "That's three strikes, run for your life"If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatus

On this episode of Reaganism, Reagan Institute Director of the Center for Civics, Education, and Opportunity Dan Rothschild is joined by Shruti Rajagopalan who is a Senior Research Fellow at the Mercatus Center. They discuss the evolving relationship between the United States and India, emphasizing the significance of economic engagement, the impact of the 1991 reforms, and India's emerging identity on the global stage. They explore how India views itself in the context of global politics, its relationship with the US, and the challenges and opportunities in manufacturing, particularly in light of the China plus one strategy.

The Trump administration has decided to terminate the IRS's Direct File program, according to a source familiar with the situation, putting an end to the free electronic filing system that congressional Republicans and the tax preparation industry have had in their crosshairs since its creation. Work on Direct File began during Joe Biden's presidency, bringing together some of the administration's top technical and product minds and tapping into funds from the Inflation Reduction Act. Providing all U.S. taxpayers with a free filing tool would have put the country in line with most developed nations. But despite what the IRS considered to be a successful launch last year, Direct File's future was murky after President Donald Trump's election and the administration's welcoming of Elon Musk's DOGE into the government tech world. The pending elimination of the free filing tool was celebrated Wednesday by the makers of TurboTax. Derrick Plummer, an Intuit spokesman, called Direct File “a solution in search of a problem, a drain on critical IRS resources and a waste of taxpayer dollars.” Consumer advocate groups panned the Trump administration's decision. Susan Harley, managing director of Public Citizen's Congress Watch division, said in a statement that scrapping Direct File “is almost literally taking money out of our pockets.” Dean Ball, a policy scholar with a focus on the intersection of history, political theory, policy and technology, is joining the Trump administration as a senior policy advisor on artificial intelligence and emerging technology, he announced Tuesday on the social media platform X. Ball said in his post of joining the Office of Science and Technology Policy: “It is a thrill and honor to serve my country in this role and work alongside the tremendous team [OSTP Director Michael Kratsios] has built.” He comes to OSTP from the Mercatus Center at George Mason University, where he has served as a research fellow for the past year. Ball is also the author of an AI-focused blog called Hyperdimensional, in which he has defended the AI Safety Institute and commented on the Trump administration's terminations of probationary employees, saying the move had unintended consequences. Ball also wrote recently that he is interested in AI being built at the same time that the Trump administration and Republicans “seek to advance theories of a ‘unitary executive' — the notion that the president exercises the powers granted to him by the Constitution and Congress absolutely.” The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast  on Apple Podcasts, Soundcloud, Spotify and YouTube.

It's Beatles day! In this deep dive into one of music's most legendary partnerships, Ian Leslie and Tyler unpack the complex relationship between John Lennon and Paul McCartney. Leslie, whose book John & Paul: A Love Story in Songs examines this creative pairing, reveals how their contrasting personalities—John's intuitive, sometimes chaotic approach and Paul's methodical perfectionism—created a unique creative alchemy that neither could fully replicate after the Beatles split. They explore John's immediate songwriting brilliance versus Paul's gradual development, debate when the Beatles truly became the Beatles, dissect their best and worst covers, examine the nuances of their collaborative composition process, consider their many musical influences, challenge the sentiment in "Yesterday," evaluate unreleased tracks and post-Beatles reunions, contemplate what went wrong between John and Paul in 1969, assess their solo careers and collaborations with others, compare underrated McCartney and Lennon albums, and ultimately extract broader lessons about creative partnerships. Read a full transcript enhanced with helpful links, or watch the full video. Recorded March 4th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Ian on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo Credits: Chris Floyd

On this episode, Jessica Carges chats with Karol Boudreaux on female land and resource rights in Sub-Saharan Africa and their impact on economic development. Karol discusses how even when property rights are granted, formal documentation and cultural backgrounds pose challenges to control over land use, and she shares the success story of Rwanda, how the state undertook a massive land documentation effort to improve formal property rights.Karol Boudreaux has a JD in International Law from the University of Virginia, and her work over the past two decades has focused on efforts to support improvements to land tenure and property rights for people around the world, particularly those in Sub-Saharan Africa. During her time at the Mercatus Center, she was the lead researcher for the Enterprise Africa project. She focuses on understanding links between property rights systems and development, as well as the evolution of property systems.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

President Trump announced a new tariff strategy called "Liberation Day" aimed at imposing reciprocal tariffs to level the playing field with other countries. Newt’s guest is David Beckworth, a former international economist for the U.S. Treasury Department and senior research fellow at the Mercatus Center. They discuss the implications of this new tariff policy. Beckworth explains the historical context and mechanics of tariffs, and the potential economic impacts, including the risk of stagflation and the effects on U.S. manufacturing. He also highlights concerns about the politicization of the Federal Reserve and the potential for increased lobbying. Their conversation also touches on the broader implications for international trade relations and the challenges businesses may face in adapting to the new tariff landscape.See omnystudio.com/listener for privacy information.

"Colleague Veronique de Rugy of Mercatus Center answers the inquiry, do higher tariffs drive inflation? The starting answer is, tariffs are a tax on us. More later." 1963 NYSE

Jennifer Pahlka believes America's bureaucratic dysfunction is deeply rooted in outdated processes and misaligned incentives. As the founder of Code for America and co-founder of the United States Digital Service, she has witnessed firsthand how government struggles to adapt to the digital age, often trapped in rigid procedures and disconnected from the real-world impact of its policies. Disruption is clearly needed, she says—but can it be done in a way that avoids the chaos of DOGE? Tyler and Jennifer discuss all this and more, including why Congress has become increasingly passive, how she'd go about reforming government programs, whether there should be less accountability in government, how AGI will change things, whether the US should have public-sector unions, what Singapore's effectiveness reveals about the trade-offs of technocratic governance, how AI might fundamentally transform national sovereignty, what her experience in the gaming industry taught her about reimagining systems, which American states are the best-governed, the best fictional depictions of bureaucracy, how she'd improve New York City's governance, her current work at the Niskanen Center, and more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded March 4th, 2025. Help keep the show ad free by donating today! The British remake of Ikiru referenced in today's podcast is: Living Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Jennifer on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

Sheilagh Ogilvie has spent decades examining the institutional structures that shaped European economic history, challenging conventional wisdom about everything from guilds to marriage patterns. In her conversation with Tyler, she reveals how studying pandemic responses from the Black Death to COVID-19 provides a unique lens for understanding deeper truths about institutional effectiveness and social constraints. Tyler and Sheilagh discuss the economic impacts of historical pandemics, the "happy story" of the Black Death and why it doesn't stand up to scrutiny, the history of variolation and how entrepreneurs created vaccination franchises in 18th-century England, why local communities typically managed epidemics better than central authorities, the dastardly nature of medieval guilds, the European marriage pattern and its disputed contribution to economic growth, when sustained economic growth truly began in England, why the Dutch Republic stagnated despite its early success, whether she agrees with Greg Clark's social mobility hypothesis, her experience and conducting "anthropological fieldwork" on English social customs, the communitarian norms she encountered while living in Germany, her upcoming research project on European serfdom, and more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded February 27th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Sheilagh on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

TARIFFS. EXPENSIVE . VERONIQUE DE RUGY MERCATUS CENTER. 1895 NYC

PREVIEW: Colleague Veronique de Rugy of the Mercatus Center comments that tariffs make manufacturing in America more expensive for producer and consumer. More later. SEPTEMBER 1954

What happens when a liberal thinker shifts his attention from polarization to economic abundance? Ezra Klein's new book with Derek Thompson, Abundance, argues for an agenda of increased housing, infrastructure, clean energy, and innovation. But does abundance clash with polarization—or offer a way through it? In this conversation, Ezra and Tyler discuss how the abundance agenda interacts with political polarization, whether it's is an elite-driven movement, where Ezra favors NIMBYism, the geographic distribution of US cities, an abundance-driven approach to health care, what to do about fertility decline, how the U.S. federal government might prepare for AGI, whether mass layoffs in government are justified, Ezra's recommended travel destinations, and more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded March 7th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Ezra on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo Credit: (c) Lucas Foglia

DOGE: WHAT WOULD MILTON FRIEDMAN DO? VERONIQUE DE RUGY, MERCATUS CENTER. 1863 THIRD AVENUE: PEAR TREE PLANTED 1647

Carl Zimmer is one of the finest science communicators of our time, having spent decades writing about biology, evolution, and heredity. His latest (and 16th) book, Air-Borne: The Hidden History of the Life We Breathe, explores something even more fundamental—how the very air around us is teeming with life, from pollen to pathogens to microbes floating miles above the Earth. He joins Tyler to discuss why it took scientists so long to accept airborne disease transmission and more, including why 19th-century doctors thought hay fever was a neurosis, why it took so long for the WHO and CDC to acknowledge COVID-19 was airborne, whether ultraviolet lamps can save us from the next pandemic, how effective masking is, the best theory on the anthrax mailings, how the U.S. military stunted aerobiology, the chance of extraterrestrial life in our solar system, what Lee Cronin's “assembly theory” could mean for defining life itself, the use of genetic information to inform decision-making, the strangeness of the Flynn effect, what Carl learned about politics from growing up as the son of a New Jersey congressman, and much more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded January 15th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Carl on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo Credit: Mistina Hanscom

In 2016, when Donald Trump won the first time, a little-known book became an unexpected phenomenon. It was “The Revolt of the Public,” self-published two years earlier by a former C.I.A. media analyst, Martin Gurri. Gurri, who is now a visiting research fellow at the Mercatus Center, argued that a revolution in how information flowed was driving political upheavals in country after country: The dynamics of modern media ecosystems naturally created distrust toward institutions and elites, and this was fueling waves of revolt against the status quo. The problem, though, was that though these dynamics could destroy existing political systems, they could not build enduring replacements.Gurri's book has been on my mind over the past year. In some ways, it explains 2024 better than it explains 2016. But time didn't just change Gurri's book; it changed Gurri. After refusing to cast a ballot for president in 2016 and 2020, he voted for Donald Trump in 2024. And in his writing for The Free Press, The New York Post and elsewhere, he's been arguing that Trump's second term might herald the mastery of this new informational world and the emergence of an enduring new political system.I found myself more convinced by Gurri's old theory than his new one. So I asked him on the show to talk about it.(Also: If you're interested in joining Ezra Klein on his book tour in March and April, you can see the stops and get tickets for the events here: https://www.simonandschuster.com/p/abundance-tour)Book Recommendations:Postjournalism and the Death of Newspapers by Andrey Mir.Why Most Things Fail by Paul OrmerodNot Born Yesterday by Hugo MercierThoughts? 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 Jack McCordick. Fact-checking by Michelle Harris. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show's production team also includes Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Switch and Board Podcast Studio. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.