The US economy is hooked on easy money and artificially low interest rates. Huge credit expansions are not “stimulating” the economy; they are destroying it.
In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.
The NHS is warning of an unprecedented flu season - we check what the numbers say.
Is there really a mass exodus of Brits leaving the UK due to Labour tax policies? We look at the latest emigration figures.
We take a look at the prison service’s curious habit of letting prisoners out early – or keeping them in for too long - is there a trend?
Plus - why the US economy can’t grow at 25 percent a year.
Presenter: Tim Harford
Reporter: Nathan Gower
Producers: Charlotte McDonald, Katie Solleveld, Lizzy McNeill and Tom Colls.
Production co-ordinator: Maria Ogundele
Sound mix: Gareth Jones
Editor: Richard Vadon
Unemployment is up. Two-thirds of Americans have recently struggled with the rising cost of groceries. And the President of the United States has occupied his time attempting to start a land war in Venezuela, posting on the internet, and blowing up the East Wing of the White House. Times are… tough. So what can we do, as individuals and as a society, to be happier? To find out, we spoke to Michael Plant. He’s the founder and director of the Happier Lives Institute, a nonprofit that researches the most cost-effective ways to improve wellbeing around the world.
Even though the economy looks to be slowing down, prices are still rising. And while presidents don’t have a ton of control over the economy, there is something in Donald Trump’s power that could help reverse these trends.
Guest: Catherine Rampell, economics editor at The Bulwark and anchor at MS NOW.
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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
Absent a holiday miracle, premium subsidies for the Affordable Care Act are set to expire at the end of this year. This will greatly increase the cost of health insurance for many who rely on the marketplace for their coverage. Today on the show, we are visited by the ghosts of Obamacare past, present and future to learn what’s next for this landmark healthcare legislation.
The One Big Beautiful Bill Act made a lot of changes to the federal student loan system. One of those changes put a new cap on the amount of loans students in graduate school can take on. Today on the show, we explain the theory behind this change and how it could impact the broader labor market going forward.
The drive to religious freedom in America was carried out overwhelmingly in the state legislatures—and the federal First Amendment had almost nothing to do with it.
Trump has been president for 11 months, and during that time, former President Joe Biden has basically left the public eye. Yet as Trump's own presidency has deflated like an old soufflé, he's gotten very focused on making sure we all know that Biden is still the problem. For more on Trump's increasing fixation on Joe Biden, as well as his horrifying comments on the murders of Rob Reiner and his wife, Michele Singer Reiner, we spoke to Shawn McCreesh. Shawn is the White House correspondent for The New York Times, covering the Trump administration.
And in headlines,President Trump declares fentanyl a weapon of mass destruction, the House Oversight Committee alleges Washington, D.C.'s police chief pressured subordinates to manipulate crime data, and from the people who said "what if the military, but… space?" comes the sequel no one asked for: The U.S. Tech Force.