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Once upon a time, American firms built with the long term in view, and the government did not try to hinder them. Today, thanks to reckless federal government spending, we are living hand-to-mouth, accumulating massive debts, and soon enough will be broke.
Original article: https://mises.org/mises-wire/going-broke
President Trump’s new “Compact with Academia” aims to reshape higher ed using the leverage of federal funds. Our panel unpacks the constitutional risks of Washington’s latest salvo in the campus culture wars. Plus, shutdown week two: will the administration deliver on federal job cuts or is it Grim Reaper cosplay?
Featuring:Ryan Bourne, Gene Healy, Neal McCluskey and Adam Michel
Neal McCluskey, "Higher Ed Compact Is More of the Same, Worse," Cato at Liberty blog, October 7, 2025.
Adam Michel, "Six Reasons to Not Extend the Enhanced Obamacare Subsidies," Cato at Liberty blog, October 7, 2025.
Neal McCluskey, "Court Rightly Finds for Harvard Against Trump Administration," Cato at Liberty blog, September 4, 2025.
Dominik Lett, "Revoking IEEPA Tariffs Will Not “Lead to Financial Ruin,”" Cato at Liberty blog, October 3, 2025.
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Market manipulation is an age-old issue. People trying to make money off unsuspecting investors by artificially influencing the price of a stock, say. But what happens when the one manipulating markets isn't human?
This week on The Indicator from Planet Money, we bring you five episodes digging into the evolving business of crime. Today on the show, we hear how AI could spell mischief for the markets, and why the law is already behind in preventing it.
Related episodes:
How much is AI actually affecting the workforce?
Shorters Gonna Short 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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Eliana Johnson joins the podcast today to talk about the unprecedented attack-dog performance on Tuesday in a Senate hearing by Attorney General Pam Bondi, who decided to treat her oversight committee as though they were enemies whom she had every right to attack in personal terms. Is this a new model going forward? And what's this with the idea that a Harvard professor shooting a gun near a synagogue was just hunting rats? Give a listen.
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There’s a serious high-stakes policy fight at the heart of this.
The Democrats didn’t pick a fight over authoritarianism or tariffs or masked immigration agents in the streets. They picked one over health care. And the issue here is very real. Huge health insurance subsidies passed under President Joe Biden are set to expire at the end of this year, threatening to make health care premiums skyrocket and kick millions off their insurance.
Neera Tanden was one of the architects of the Affordable Care Act and has worked in Democratic policymaking for decades. She is the president of the Center for American Progress and was a director of Biden’s Domestic Policy Council. I asked her on the show to lay out the policy stakes of the shutdown and what a deal might look like.
Mentioned:
The Time Tax by Annie Lowrey
Book Recommendations:
Why Nations Fail by Daron Acemoglu and James A. Robinson
The Sirens’ Call by Chris Hayes
End Times by Peter Turchin
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.
This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris and Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Jack McCordick, Marina King and Jan Kobal. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The director of New York Times Opinion Audio is Annie-Rose Strasser.
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
Tim Harford investigates some of the numbers in the news. This week:
The Daily Mail says that over half of the UK population live in households that get more in benefits than they pay in tax - is it true?
Do some billionaires earn more in a night than the population of Bournemouth earns in a year? New Green leader Zack Polanski seems to think so - we scrutinise the figures.
Are older generations getting smarter?
Have 77% of Gen-Z brought a parent along to a job interview? Really?
If you’ve seen a number you think we should take a look at, email the team: moreorless@bbc.co.uk
Presenter: Tim Harford Reporter: Lizzy McNeill Producer: Nathan Gower Series producer: Tom Colls Production co-ordinator: Maria Ogundele Sound mix: Duncan Hannant Editor: Richard Vadon
The Sinaloa Cartel made the bulk of its money on cocaine. But cartels are diversifying into new operations including things like wildlife trafficking. Think sharks, jaguars, capybaras. The result is something called “narco-degradation.” On today’s show, we look at what’s driving cartels beyond drugs and how this is wreaking havoc on ecosystems in Central America.
Related episodes:
Can breaking the law be good for business?
Waste Land
Will Economic Growth Destroy the Planet? 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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Nate and Maria discuss how and when the government shutdown is most likely to end. Then, they turn to OpenAI’s newest release: Sora 2, an AI video generation app that allows users to create a video from a text prompt. As Maria struggles to think of some possible positive uses for this app, Nate considers what its release tells us about Open AI's goals for the future.
From The Information: Why OpenAI Offered to Pay $500 Million For A Startup With Videogame Data
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The Leap from Maria Konnikova
Silver Bulletin from Nate Silver
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array(3) { [0]=> string(184) "https://www.omnycontent.com/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/951120d9-cf6e-4224-93d7-b15c014dcea5/f944bc29-b612-44b2-a506-b36f01596eff/image.jpg?t=1759871023&size=Large" [1]=> string(10) "image/jpeg" [2]=> int(0) }The clock is ticking for Chicago and Illinois Governor JB Pritzker.
President Trump has deployed the National Guard to the country’s third largest city, and he says they’ll begin operations no later than Wednesday.
Pritzker, a democrat, and Chicago Mayor Brandon Johnson are fighting the administration’s efforts in the courts.
Trump says Chicago and other cities need the National Guard on the streets. Illinois governor JB Pritzker says it’s an "invasion." What now?
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This episode was produced by Megan Lim.
It was edited by Courtney Dorning.
Our executive producer is Sami Yenigun.
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