This feud is little more than two factions within the Federal government fighting over how exactly to use the Fed’s many powers to inflate, exploit, and help fund an ever expanding federal government.
The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed has always done the administration’s dirty work and pursued inflation when it might temporarily boost the economy.
Tim Harford investigates some of the numbers in the news. This week: A headline in the Mail says more than 100 private schools have closed since Labour came to power and ended the VAT exemption for private schools. Is that number right?
Is it true that when Covid hit the UK, a one-week delay in imposing lockdown led to 23,000 deaths?
Do 10 million families rely on X as their main source of news? That’s what government spokesperson Baroness Ruth Anderson said in the House of Lords, but is it correct?
s there really a “quiet revival” of Christian worship? Two YouGov polls found churchgoing had gone up by 50% between 2018 and 2024 in England and Wales. New polling data suggests otherwise.
If you’ve seen a number in the news you want the team on More or Less to have a look at, email moreorless@bbc.co.uk
Contributors:
Professor Sir David Spiegelhalter, Emeritus Professor of Statistics in the Statistical Laboratory, University of Cambridge
Professor Sir John Curtice, Senior Research Fellow at the National Centre for Social Research
Credits:
Presenter: Tim Harford
Reporters: Tom Colls and Nathan Gower
Producers: Charlotte McDonald and Lizzy McNeill
Production co-ordinator: Brenda Brown
Sound mix: Gareth Jones Editor: Richard Vadon
In Iran, weeks of protests against the ruling regime have resulted in the deaths of thousands of protestors at the hands of the government. The Trump Administration has voiced its full-throated support for the protestors, with President Trump even claiming, “help is on its way.” Meanwhile, in Greenland, Prime Minister Jens-Frederik Nielsen joined Denmark’s Prime Minister Mette Frederiksen in a joint news conference to say, again, Greenland does not want to be a part of the United States. But, of course, the President wants to annex Greenland anyway. So to talk more about President Trump’s continued desire to stick his nose in other countries’ business, we talked to Ben Rhodes. He’s the former U.S. deputy national security advisor under the Obama Administration and the co-host of Crooked Media’s Pod Save the World.
And in headlines, federal data shows roughly 800,000 fewer people have signed up for ACA individual health plans than at this time last year, net migration in the U.S. likely hit close to zero in 2025, and Elon Musk’s controversial AI bot, Grok, finds a new home inside… the Pentagon?
Rep. Adam Smith is the ranking member of the House committee that’s supposed to have oversight on the Department of Defense—yes, that’s what he still calls it. But from strikes on Venezuela to ICE surges in Minneapolis, “oversight” isn’t a key function of Congress these days.
Guest: Rep. Adam Smith, ranking member of the House Armed Services Committee, representative from Washington’s Ninth District.
Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen.
Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
Economic decisions aren’t only driven by hard data. A compelling story can change economic behavior and outcomes. In today’s episode, we explore real-world examples of “narrative economics” like how the Suez Canal ended up getting built. And we ask: why do narratives sometimes matter more than truth or data?
"America, above all countries, was born in an explicitly libertarian revolution, a revolution against empire; against taxation, trade monopoly, and regulation; and against militarism and executive power."
Over the weekend, Federal Reserve Chair Jerome Powell said the Department of Justice served the Fed with grand jury subpoenas. Powell says it’s all a sham. But the stakes are unprecedented: A potential criminal indictment. Central bank independence. Today on the show, the administration’s case against the Fed. How did we get here? And what comes next?
Federal Reserve Chair Jerome Powell struck back on Sunday night after the Department of Justice opened a criminal investigation into his handling of renovations to the Fed’s DC headquarters. Whether or not he lied to Congress about them, this is all happening as the Supreme Court is set to debate another one of Trump’s efforts to take control of the Fed – by getting rid of Federal Reserve Governor Lisa Cook. So to talk more about Jerome Powell, the Supreme Court, and Donald Trump’s various attempts to prosecute people he does not like, we spoke with Leah Litman. She’s cohost of Crooked Media’s legal podcast, Strict Scrutiny.
And in headlines, Arizona Democratic Senator Mark Kelly sues the Department of Defense over Pete Hegseth’s attempts to punish him for criticizing the Trump administration, The New York Timesreports the E.P.A. plans to stop monitoring the health benefits of limiting pollution, anda new Gallup poll shows young people are abandoning both the Democratic and Republican parties in droves.
Midterm elections are typically bad for the president’s party. Given how Trump’s second term is going, do the Democrats have a chance to do something historic?
Guest: David Faris, politics professor at Roosevelt University and a contributing writer for Slate.
Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen.
Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.