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So now conspiracy thinking is OK, so long as it involves Donald Trump and Jeffrey Epstein—that seems to be the mainstream media takeaway from the continuing focus on this admittedly compelling and disgusting story. Trump is a conspiracist, and he's made it to the top—so does that make conspiracies true? Give a listen.
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Norbert Michel and Dominic Lett square off over whether fiscal or monetary policy is the bigger mess. Lett highlights how entitlement programs like Social Security and Medicare are driving unsustainable debt levels, while Michel explains how post-2008 Federal Reserve changes have created risks of “fiscal dominance,” where monetary policy is increasingly shaped by government borrowing needs. Both stress that without structural reforms and political restraint, the U.S. faces uncertain and potentially catastrophic economic consequences.
Show Notes:
https://www.cato.org/policy-analysis/comprehensive-evaluation-policy-rate-feedback-rules#
https://www.cato.org/books/crushing-capitalism
https://www.cato.org/blog/medicaid-driving-deficits-republicans-are-scarcely-tapping-brakes
https://www.cato.org/news-releases/senate-bill-could-increase-debt-6-trillion-cato-analysis#
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On February 22, 1946, George F. Kennan, a career diplomat working in the American embassy in Moscow, sent an 8,000-word cable to the State Department in Washington.In it, he explained why the Soviet Union behaved as it did, outlining its unique combination of a communist ideology and historical Russian paranoia and suspicion.
He also gave a prescription for how the United States should respond.
Although he couldn’t have known it at the time, that message became the foundation for American policy during the Cold War.
Learn more about the Long Telegram and how it influenced American foreign policy during the Cold War on this episode of Everything Everywhere Daily.
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House Democrats get ahold of the infamous birthday letter Trump sent to Jeffrey Epstein and release it to the public. Turns out it's more disturbing than we imagined. Jon, Lovett, and Tommy react to the doodle and talk through the week's latest, including the administration renaming the Department of Defense the Department of War, a massive ICE raid on a Hyundai plant in Georgia, and the emerging debate over whether Democrats should shut the government down when funding expires at the end of the month. Then, Rep. Mikie Sherrill, the Democratic candidate for governor in New Jersey, stops by the studio to talk to Tommy about reversing the inroads Trump made in the state in 2024—and why New Jerseyans are weird about pumping their own gas.
Get tickets to CROOKED CON November 6-7 in Washington, D.C at http://crookedcon.com
Animals are going extinct at an alarmingly fast rate, largely due to human activity. Same for plants. This is bad for all kinds of reasons, not least of which is that breakthrough drugs often come from nature. But there isn’t consensus on how to save these species.
Part of the debate asks the economic question: with limited money going to the work, where will it have the most impact? Today on the show, the cost-effective plan to maximize biodiversity that asks ecologists to approach the question more like economists.
Related episodes:
The Habitat Banker
The echo of the bison
Savings birds with economics
For 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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Amanda Holmes reads Laura Riding’s “Dear Possible.” Have a suggestion for a poem by a (dead) writer? Email us: podcast@theamericanscholar.org. If we select your entry, you’ll win a copy of a poetry collection edited by David Lehman.
This episode was produced by Stephanie Bastek and features the song “Canvasback” by Chad Crouch.
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By Sid Ghosh