We are back with another edition of listener questions! In this round, we tackle recession pop, why the job market feels so crummy for IT grads, and whether President Trump saying that Walmart "eat the tariffs" is a form of price control.
Related episodes:
Hits of the Dips: Songs of recessions past (Apple / Spotify)
The beef over price controls
Price Controls, Black Markets, and Skimpflation: The WWII Battle Against Inflation
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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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The Ezra Klein Show - The Disaster That Just Passed the Senate
President Trump’s “big, beautiful bill” is a bad piece of legislation. It includes trillions of dollars in tax cuts that are very much tilted toward the rich, along with savage cuts to Medicaid, nutrition assistance and green energy.
And on Tuesday, July 1, the Senate passed it in a 51-50 vote, with Vice President JD Vance as the tiebreaker.
But bad policy only matters if people know about it, and a lot of people don’t — partly because there are an overwhelming number of provisions, and partly because the Trump administration is already flooding the zone with so many other major policy fights.
So I asked Matt Yglesias, the author of the Slow Boring newsletter, back on the show to go through what is in this bill and why it has been so hard to build momentum for pushback. We spoke on Thursday, June 26.
Mentioned:
“A List of Nearly Everything in the Senate G.O.P. Bill, and How Much It Would Cost or Save” by Alicia Parlapiano, Margot Sanger-Katz, Aatish Bhatia and Josh Katz
The System by David S. Broder and Haynes Johnson
The Ten Year War by Jonathan Cohn
Book recommendations:
Proto by Laura Spinney
Wuthering Heights by Emily Bronte
The Social Transformation of American Medicine by Paul Starr
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html
This episode of “The Ezra Klein Show” was produced by Jack McCordick and Rollin Hu. Fact-checking by Kelsey Kudak. 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, Michelle Harris, Elias Isquith, Marina King, Jan Kobal, and Kristin Lin. 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.
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Consider This from NPR - House Speaker may have to make a lot of promises to get bill to Trump’s desk
The massive tax and spending bill central to President Trump's agenda is one step closer to reality.
After weeks of negotiations and 49 consecutive votes that started Monday morning, the senate approved President Trump's signature domestic policy bill around lunch time Tuesday. It now goes back to the House of Representatives where Republican Speaker Mike Johnson will have to reconcile the senate changes with his members' competing priorities.
Michael Ricci has had a long career in republican politics, including working as Speaker Paul Ryan's communications director and Speaker John Boehner's Chief Speech writer. We talked with him about the stakes, and the bill's prospects in the House.
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After weeks of negotiations and 49 consecutive votes that started Monday morning, the senate approved President Trump's signature domestic policy bill around lunch time Tuesday. It now goes back to the House of Representatives where Republican Speaker Mike Johnson will have to reconcile the senate changes with his members' competing priorities.
Michael Ricci has had a long career in republican politics, including working as Speaker Paul Ryan's communications director and Speaker John Boehner's Chief Speech writer. We talked with him about the stakes, and the bill's prospects in the House.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
Email us at considerthis@npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
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Audio Mises Wire - The Economics of Nuclear Weapons
The fact remains that the strategic value of nuclear arms lies almost totally on the side of defense.
Original article: https://mises.org/mises-wire/economics-nuclear-weapons
Audio Mises Wire - Methodological Individualism in Historical Analysis
To better understand history, we must understand how people thought and acted in the context of their times and the prevailing worldviews of that era. Unfortunately, modern historians insist on looking at US History from modern collectivists viewpoints.
Original article: https://mises.org/mises-wire/methodological-individualism-historical-analysis
Audio Mises Wire - Will New York City Become the New Socialist Paradise?
Socialist mayoral candidate Zohran Mamdani has emerged as a serious challenger to Andrew Cuomo in the race for mayor of New York City. If Mamdani wins, he promises to vastly expand government control of housing and businesses there.
Original article: https://mises.org/mises-wire/will-new-york-city-become-new-socialist-paradise
Audio Mises Wire - Silent Cal Had a Lot to Say
His policies took more than a million people off the income tax rolls, and 98 percent of Americans paid no income tax at the end of his term. As a result, America prospered under Coolidge. Real economic growth averaged 7 percent per year while he was in office.
Original article: https://mises.org/mises-wire/silent-cal-had-lot-say
First Things Podcast - The Fed and the College
In the latest installment of the ongoing interview series with contributing editor Mark Bauerlein, Brad Lingo joins in to discuss Grove City College.
Subscribe to Mark's new channel on:
Spotify: tinyurl.com/mufv3xzw
Apple Podcasts: tinyurl.com/3w32d42x
Intro music by Jack Bauerlein.
Audio Mises Wire - Critics of Capitalism Misunderstand Economic Success
In a free society, legitimate economic success does not fall from the sky or come by force. Behind every fortune lies effort, risk, savings, time, discovery, validation, and social coordination.
Original article: https://mises.org/power-market/critics-capitalism-misunderstand-economic-success
Audio Mises Wire - How Government Ruins 4th of July Travel
If we were to claim independence from the modern-day royalty of the beltway, the markets will ensure better holidays in the future.
Original article: https://mises.org/mises-wire/how-government-ruins-4th-july-travel