What is Modern Monetary Theory? (with Stephanie Kelton)

This post was originally published on this siteIs government debt real? Is anything real? Professor Stephanie Kelton gives Nick and Goldy a master class on the hottest idea in economics right now: Modern Monetary Theory.  Stephanie Kelton is a professor of public policy and economics at Stony Brook University and a senior economic adviser to … Read moreWhat is Modern Monetary Theory? (with Stephanie Kelton)

Should Democrats appeal to the center by moving hard left? (with Congresswoman Pramila Jayapal)

This post was originally published on this siteFor too long, pundits and politicians have talked about the political center as a perfect balance between conservatives and liberals. But this quest for some sort of mythical middle ground between left and right has only succeeded in elevating the interests of the top one percent over everyone … Read moreShould Democrats appeal to the center by moving hard left? (with Congresswoman Pramila Jayapal)

Is economics moral?

This post was originally published on this siteWe’ve established that trickle-down economics and neoliberalism are failed philosophies. But we haven’t yet explored whether economics should be moral – should it reflect our behaviors and preferences, or is it a science that lives separately from our societal norms and values? Heather McGhee joins Nick and Paul … Read moreIs economics moral?

Why is getting out of poverty so hard?

This post was originally published on this siteHere are two phrases that should be oxymorons, but aren’t: ‘working poor’ and ‘poverty-level jobs.’ Writer and anti-poverty advocate Hanna Brooks Olsen joins Nick and Goldy to explore how the intense burdens of poverty make it nearly impossible to even think about climbing the economic ladder.  Felicia Wong … Read moreWhy is getting out of poverty so hard?

BONUS: Econ terms and definitions explained by Nick and Goldy

This post was originally published on this siteEver been in the middle of a Pitchfork Economics pod ep and thought, “WTF are they talking about?” If so, this might help – we define some complex terms that get thrown around a lot (neoclassical, neoliberal, heterodoxy, monopoly, monopsony, and stock buybacks) because we want this to … Read moreBONUS: Econ terms and definitions explained by Nick and Goldy

What can a board game teach us about capitalism?

This post was originally published on this siteMonopoly and its equally evil twin monopsony are destroying competition, depressing wages, and slowing economic growth. Is market concentration an inevitable outcome of capitalism, or is there a smarter solution? Jared Bernstein: Senior Fellow at the Center on Budget and Policy Priorities, former Chief Economist and Economic Adviser … Read moreWhat can a board game teach us about capitalism?

Senator Cory Booker explains: what the hell is a stock buyback?

This post was originally published on this siteSenator Cory Booker explains the problem with stock buybacks, walks us through his Workers Dividend Act, and offers Goldy some much-needed counseling.  Cory Booker is the U.S. Senator from New Jersey and a 2020 Democratic presidential candidate.  Twitter: @CoryBooker Further reading: https://www.vox.com/policy-and-politics/2018/3/6/17083398/booker-buyback-populist  https://www.theatlantic.com/politics/archive/2015/02/kill-stock-buyback-to-save-the-american-economy/385259/ Please follow and like us:

What is the purpose of a corporation?

This post was originally published on this siteNick, Goldy, and their guests William Lazonick and Lenore Palladino explain why “shareholder value maximization” is the world’s dumbest idea. William Lazonick: Professor of economics at University of Massachusetts Lowell, visiting Professor at University of Ljubljana, professeur associé at Institut Mines-Télécom in Paris, and professorial research associate, SOAS, … Read moreWhat is the purpose of a corporation?

BONUS: Yuval Harari – Unedited Conversation

This post was originally published on this siteWhen we talked with historian Yuval Harari, the best-selling author of Sapiens, Homo Deus, and 21 Lessons for the 21st Century, the conversation was so wide-ranging and so smart that we just couldn’t bear to leave any of it behind on the cutting room floor. So here’s the … Read moreBONUS: Yuval Harari – Unedited Conversation

Do higher wages kill jobs?

This post was originally published on this siteTrickle-downers always argue that raising the minimum wage inevitably kills jobs. But the empirical evidence from Seattle, Los Angeles, and elsewhere prove otherwise. Experts, including Mayor Garcetti of LA, discuss how our economic understanding has changed, and why changing the public perception around the minimum wage has been … Read moreDo higher wages kill jobs?

Do regulations kill growth?

This post was originally published on this siteDeregulation for the powerful is a central tenet of the trickle-down myth, embraced by Democrats and Republican alike. Government regulations, we’re told, are costly and inefficient intrusions that slow grow and kill jobs. But Robert Reich explains that when thoughtfully applied, regulations are absolutely essential to growing a … Read moreDo regulations kill growth?

Do tax cuts for rich people create growth?

This post was originally published on this siteSince forever, Republicans have insisted that cutting taxes on wealthy corporations and individuals would grow the economy, create jobs, and lift wages. But it never does. As an early architect of what became “Reaganomics,” Bruce Bartlett was there at the birth of this GOP tax myth. He joins … Read moreDo tax cuts for rich people create growth?

[BONUS] Quick Pitch: Marching Orders for New Legislators

This post was originally published on this siteAs newly elected Democrats across the country enter their respective capitol buildings for the first time, Civic Ventures president Zach Silk and former Washington State legislator (and Civic Ventures senior VP) Jessyn Farrell offer advice for what they should prioritize – and it starts with economic policies that … Read more[BONUS] Quick Pitch: Marching Orders for New Legislators

Where does economic growth really come from?

This post was originally published on this siteIs economic growth all about money, trade, and GDP, or are healthy economies built on a different foundation? In this episode, economist W. Brian Arthur and MIT physicist Cesar Hidalgo explain why human knowledge, knowhow, and innovation are the best measures of rising prosperity and future economic growth. … Read moreWhere does economic growth really come from?

Whatever happened to the middle class?

This post was originally published on this siteThe American middle class is shrinking and, contrary to popular belief, globalization and automation are not to blame. Far from inevitable, skyrocketing inequality is a choice. In this episode, we look at the policy choices that have relentlessly undermined the middle class, and why we desperately need to … Read moreWhatever happened to the middle class?

[BONUS] Quick Pitch: Where’s your $4,000 raise?

This post was originally published on this siteCivic Ventures president Zach Silk joins us for a quick explainer on how Republicans sold their trickle-down tax cuts as a great deal for the middle class—and how angry suburban voters punished them for their lies. Further reading:https://www.usatoday.com/story/opinion/2018/04/10/donald-trump-gop-tax-cuts-wont-deliver-big-raise-column/471188002/ https://www.politico.com/magazine/story/2017/10/11/republican-tax-cut-for-rich-economy-215696 Please follow and like us:

What is the trick in trickle down?

This post was originally published on this siteWhat is the “trick” in “trickle down” economics? It’s how wealthy elites and their neoliberal lackeys convince you that what’s good for them (tax cuts, deregulation, etc.) is good for you… and that policies like the minimum wage, overtime, and paid sick leave will ruin the economy. Economics … Read moreWhat is the trick in trickle down?

Why do we call it pitchfork economics?

This post was originally published on this siteIn 2014, venture capitalist Nick Hanauer warned his fellow plutocrats that our growing crisis of economic inequality would lead to an uprising or a dictatorship. Two years later, angry voters elected Donald Trump. In this inaugural episode of Pitchfork Economics, we explore why the pitchforks are coming, who … Read moreWhy do we call it pitchfork economics?

Pitchfork Economics Teaser

This post was originally published on this siteAny society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned … Read morePitchfork Economics Teaser