What even is "the economy"? And how do you measure it? Our path out of the economic darkness and into the light has been guided in large part by one single statistic: GDP. This week: the origins, history, and problems with the economic indicator to rule them all. | At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.
We set up and begin discussing a paper that can be described as a Rosetta Stone for how to analyze the development, logics, mechanics, and impacts of fintech innovations from the 1980s onward — and the regulatory regime for financial markets that traces back to the New Deal. This paper is dense in the best way, so it demands (and deserves) a lot of focused time/attention. This episode establishes the bones of the analysis; the next one on the premium feed will flesh out the analysis.
The paper we discuss:
••• New Tech v. New Deal: Fintech as a Systemic Phenomenon | Saule T. Omarova https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=2800&context=facpub
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Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)
The concept of cowardice was once a constant, but it has waned as an explanation for social phenomena. Though, in recent weeks, the lack of action among the (non) responders in Uvalde, Texas has prompted a reconsideration. Bravery has many bards, but there is literally only one book on the concept of cowardice, Cowardice: A Brief History. It's author, Chris Walsh, is on the show. Plus, a Sesame Place dis leads to allegations of racism; and a moose, a goose, and a flute might soon join the symbolic firmament.
NLW kicks off his “Midsummer Macro” series with a deep dive conversation with Demetri Kofinas, host of the “Hidden Forces” podcast. They discuss the Fed, inflation, the secular shift to stagflation and the tectonic geopolitical shifts that must be understood to truly understand the macroeconomic picture.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
On this episode of The Federalist Radio Hour, Les Sillars, a professor of journalism at Patrick Henry College, and Mary Muncy, a breaking news reporter for WORLD, join Federalist Culture Editor Emily Jashinsky to discuss their new podcast "Doubletake" and examine how technology is changing the future of journalism.
A Ukrainian man is being forced to choose between the two: a wife and three children who have fled the country and aging parents who are trapped behind enemy lines.
Talking about abortion can be difficult even among adults. So how do you talk to kids about it? We asked listeners to send us their questions — and brought together two experts to answer them.
Reena B. Patel, a parenting expert and licensed educational psychologist in San Diego, California, and Dr. Elise Berlan, a pediatrician and adolescent medicine specialist in Columbus, Ohio, join us to talk about ways to broach the conversation around abortion with kids of all ages.
Chicago Public Schools has full-time librarians at only about 20% of its schools, and students of color are hit the hardest by this shortage. Reset learns more about this issue with Chicago Sun-Times education reporter Nader Issa and two CPS librarians who were recently laid off.