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Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.
Original article: https://mises.org/mises-wire/inflation-interventionism-and-intergenerational-resentment
The Trump Administration has put billions of dollars into building an immigration superstructure meant to punish those who have done nothing wrong and intimidate everyone else – including legal immigrants and US citizens. Weirdly enough, that’s proving not to be very popular. According to new polling from the Associated Press, Trump is now deeply underwater on the subject of immigration – with 60 percent of respondents opposing his handling of the issue. So to talk more about what’s happening with immigration, from the Administration’s plans for 2026 to its many horrifying offenses, we spoke to Aaron Reichlin-Melnick. He’s a Senior Fellow at the American Immigration Council.
And in headlines, dueling healthcare bills fail in the Senate, nature-lovers push back on plans to make President Trump the face of their National Park adventures, and Disney becomes the first major studio to license its characters to OpenAI’s video generator.This holiday season, gift someone a Friends of the Pod subscription or treat yourself. Learn more at crooked.com/friends. Subscribing is the best way to support independent progressive media.
Show Notes:
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The good news is voters are more persuaded by factual claims than emotional appeals or appeals to fear. But the bad news is that A.I. chatbots, trying to convince you, will keep making factual claims long after it runs out of actual facts.
Guest: David Rand, professor of information science, marketing and psychology at Cornell University
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David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a good thing. Americans should know how FDR’s presidency led to one disaster after another.
Original article: https://mises.org/mises-wire/bursting-bubble-was-fdr
Monday is your deadline to pick an insurance plan on the Affordable Care Act marketplace – and there is still zero plan to ensure that the enhanced subsidies that make those premiums affordable – or, more affordable – will stay in place. But that won’t stop Congress from trying! The Senate is expected to vote today on two healthcare plans — one from Republicans, and one from Democrats. For details on what’s in those proposals, some of the plans formulating in the House, and whether any of them stand a chance of passing, we spoke with Julie Rovner. She’s the chief Washington correspondent at KFF Health News and host of KFF Health News' "What the Health?" podcast.
And in headlines, the Federal Reserve lowered its key interest rate for the third time in a row, President Trump uses the U.S. military to seize an oil tanker off the coast of Venezuela, and a new proposal could require travelers from all over the world to hand over their social media for vetting before entering the U.S.A.
Show Notes:
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You may be familiar with the AI-fueled stock market boom. Well, former International Monetary Fund Chief Economist Gita Gopinath warns it could mirror the dot-com boom of the late 1990s. But worse. She calculates a similar crash could erase $35 trillion in global wealth. Today on the show, what would that mean for the US and global economies?
Related episodes:
This indicator hasn’t flashed this red since the dot-com bubble
Open AI’s deals are looking a little frothyFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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Today’s TikTok influencers share every aspect of their lives: from their morning routines, to getting ready to go out, to their parents being detained and eventually deported by ICE.
Guest: Tony Vara, TikTok creator @itonyvara
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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
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Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.
Original article: https://mises.org/mises-wire/elon-musk-claims-money-will-become-irrelevant-he-right
We’ve been talking about the Paramount Skydance/Warner Brothers Discovery/Netflix Billionaire Boys Club Spectacular for a few days now. But it’s really worth digging into the details to understand how all of this could reshape our media diets – and our politics. If Netflix buys Warner Bros. Discovery, that could be very bad news for Hollywood. But if Paramount buys Warner Bros. Discovery, the Trump-supporting Ellisons would own: CBS, CNN, HBO, Paramount, DC Studios, TNT Sports, Warner Bros., Oracle and a whole bunch more. It’s basically a big, complicated mess — so to unpack what it means for consumers and why on earth President Trump is involved, we spoke to Ben Smith. He’s co-founder and editor-in-chief of Semafor, and host of the Mixed Signals podcast.
And in headlines, Trump brings his economic message to the American people on the first stop of his affordability tour, the Supreme Court hears arguments over campaign finance limits, and will Americans follow Australia’s footsteps and ban social media for children?
Show Notes:
Check out Mixed Signals – https://tinyurl.com/ycxvkz6f
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For a transcript of this episode, please visit crooked.com/whataday
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