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Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.
Original article: The Pretense of Knowledge
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.
Original article: Should Central Banks Accommodate Increases in Demand for Money?
Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish.
Original article: Is the Fed Loosening or Tightening? It’s Complicated.
Did the Chinese artificial intelligence start-up Deepseek just blow up the A.I. world as we know it? Or is it just a cheap knock-off?
Guest: Lizzie O’Leary, host of the Slate podcast What Next TBD.
This episode is member-exclusive. Listen to it now by subscribing to Slate Plus. By joining, not only will you unlock exclusive episodes of What Next—you’ll also access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the What Next show page on Apple Podcasts and Spotify. Or, visit slate.com/whatnextplus to get access wherever you listen.
Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme and Rob Gunther.
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An American Airlines flight from Wichita, Kansas, and an Army helicopter on a routine training flight collided over the Potomac River late Wednesday night. While investigators spent Thursday trying to piece together what happened, President Donald Trump took the opportunity to blame the tragedy on... Democrats and D.E.I. It was the latest outrage in too many to count since Trump took office not even two weeks ago. Maryland Congressman Jamie Raskin joins us to talk about what Democrats can do to counter Trump’s onslaught of horrifying nonsense.
Later in the show, Crooked Idea's climate correspondent Anya Zoledziowski shares some good news about Trump’s anti-climate orders.
And in headlines, Tulsi Gabbard and Kash Patel got their chance to flail in front of senators during their respective confirmation hearings, Secretary of State Marco Rubio says he’s headed to Panama amid Trump’s threats to retake the Panama Canal, and a fragile ceasefire between Israel and Hamas continues to hold.
Show Notes:
Hosted on Acast. See acast.com/privacy for more information.
Tapped by Trump for the role of health secretary, Robert F. Kennedy Jr. presents himself as someone willing to say what other politicians won’t. But during his Senate confirmation hearings, both Democrats and Republicans questioned his previous statements about vaccines—and questioned whether he even knows what the job he’s trying to get entails. But his nomination signals that maybe it isn’t about vaccines - it’s about wanting to blow up the whole healthcare establishment.
Guest: Dan Diamond, White House correspondent for The Washington Post
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Podcast production by Evan Campbell, Patrick Fort, and Cheyna Roth.
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President Donald Trump on Wednesday signed the Laken Riley Act, a new law that requires law enforcement to detain undocumented immigrants who are accused – not convicted – of committing a crime. During the signing ceremony, Trump also announced his intent to sign an executive order to send migrants to a detention facility at Guantanamo Bay in Cuba. It all comes amid a very public push by the administration to show Americans it's very serious about cracking down on illegal immigration, even as the details remain a little opaque. Michelle Hackman, a reporter covering immigration for The Wall Street Journal, breaks down what's actually happening.
And in headlines: Robert F. Kennedy Jr. flails in his first confirmation hearing to be the next health secretary, The Trump administration walks back its order to freeze federal funds for grants and loans… maybe? And former Sen. Bob Menendez was sentenced to 11 years in federal prison.
Show Notes:
Hosted on Acast. See acast.com/privacy for more information.
Tulsi Gabbard’s political career is truly singular: once a young progressive Democrat on the rise, then a gadfly taking surprise meetings with Bashar al-Assad, now she’s Donald Trump’s nominee to head up National Intelligence. Along the way, Gabbard has given almost everyone a reason not to vote for her.
Guest: Elaine Godfrey, staff writer covering national politics for The Atlantic.
Want more What Next? Join Slate Plus to unlock full, ad-free access to What Next and all your other favorite Slate podcasts. You can subscribe directly from the What Next show page on Apple Podcasts and Spotify. Or, visit slate.com/whatnextplus to get access wherever you listen.
Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme and Rob Gunther.
Learn more about your ad choices. Visit megaphone.fm/adchoices