Pitchfork Economics with Nick Hanauer

Latest Episodes:

The Failed Southern Economic Development Model (with Chandra Childers) Jun 25, 2024

Show notes

This week, Goldy and Paul talk to Chandra Childers, a senior policy and economic analyst at the Economic Policy Institute and author of their recent report on the Southern economic development model. Although the Southern economic development model is touted as a business-friendly strategy, it has devastating consequences for workers and families in Southern states. Childers explains how this economic model is rooted in racism and economic exploitation and has led to lower wages, weaker safety nets, and fewer opportunities for workers. They also discuss how some Southern states are bucking this trend and attempting to adopt more progressive policies, as well as the potential impact of renewed unionization efforts in the region.

Chandra Childers is a senior policy and economic analyst with the Economic Analysis and Research Network (EARN) at the Economic Policy Institute. Her work is primarily focused on supporting EARN’s state and local policy research and advocacy network in the Southern United States. Before joining the EARN team at EPI, Childers was a Study Director at the Institute for Women’s Policy Research.

Twitter: @ChandraChilders

Further reading:

Breaking down the South’s economic underperformance

The evolution of the Southern economic development strategy

Rooted in racism and economic exploitation

Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

Democracy in Default (with Brian Judge) Jun 18, 2024

Show notes

This week, Nick and Goldy are joined by political scientist Brian Judge, author of "Democracy in Default: Finance and the Rise of Neoliberalism in America." They delve into the historical roots of our current democratic crisis, exploring the role of liberalism in depoliticizing distributive conflicts and paving the way for the rise of neoliberalism. Judge sheds light on the impact of neoliberal ideologies on American policymaking and how liberalism's attempts to manage distributive conflict through the market have shaped our economic and political landscape—which gave leaders the opportunity to use the economic slowdown of the 1970s to install neoliberal policies that enriched the wealthy few for decades.

Brian Judge is an author and policy fellow at the Center for Human-Compatible Artificial Intelligence and the Berkeley Roundtable on the International Economy at the University of California, Berkeley. He is recognized for his recently published book, "Democracy in Default: Finance and the Rise of Neoliberalism in America," which delves into the intricate relationship between finance and politics in shaping the neoliberal economic landscape in the United States

Twitter: @realbrianjudge

Further reading:

Democracy in Default: Finance and the Rise of Neoliberalism in America

Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

The FTC's Renewed Fight Against Corporate Power (with Elizabeth Wilkins) Jun 11, 2024

Show notes

After decades of slow and cautious movement, the Federal Trade Commission has suddenly kicked into overdrive. You’ve likely seen headlines about the FTC challenging corporate mergers and monopolies, loosening Big Tech’s chokehold on our digital lives, and fighting power imbalances that favor big corporations over American consumers. Elizabeth Wilkins, former Chief of Staff and Director of the Office of Policy and Planning at the FTC, joins Nick and Goldy to give a status update on the FTC's renewed focus on competition and broader antitrust enforcement, and to explain how the historical evolution of the agency has led to a lack of regulation and oversight in maintaining fair competition and consumer protection.

Elizabeth Wilkins is an expert in consumer protection and competition policy and a newly minted Senior Fellow at the American Economic Liberties Project. Previously, she was the Chief of Staff to the Chair and Director of the Office of Policy and Planning at the Federal Trade Commission. Before joining the FTC, Wilkins served as Senior Advisor to White House Chief of Staff Ron Klain.

Twitter: @ewwilkins

Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

Ours Was the Shining Future (with David Leonhardt) Jun 04, 2024

Show notes

This week, Nick and Goldy are joined by Pulitzer Prize-winning columnist David Leonhardt to discuss his latest book, Ours Was the Shining Future: The Story of the American Dream. They discuss the relationship between academic economics and the forces that sought to dismantle the mid-century consensus that promoted shared economic growth in the post-World War II era. Leonhardt shares anecdotes from his extensive research, highlighting what lessons from the past could guide us toward a more equitable future.

David Leonhardt is a Pulitzer Prize-winning journalist and columnist for The New York Times, where he writes its flagship newsletter, “The Morning.” He has also been the newspaper’s Washington bureau chief, an op-ed columnist, a staff writer for The New York Times Magazine, and the founding editor of “The Upshot.”

Twitter: @DLeonhardt

Further reading:

Ours Was the Shining Future: The Story of the American Dream

New York Times: Why Are Republican Presidents So Bad for the Economy?

The Great Exception: The New Deal and the Limits of American Politics

Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

What Does Obama’s Chief Economist Think About Bidenomics? (with Jason Furman) May 28, 2024

Show notes

This week, Nick and Goldy have a wide-ranging conversation with Jason Furman, who served as Chairman of the Council of Economic Advisers under President Obama. Furman brings a wealth of experience to the discussion, which covers America’s post-pandemic recovery, the global inflation crisis, and reviving industrial policy. He also provides insight into the overall impact of President Biden's policies on the broader economic landscape.

Jason Furman is a prominent economist who served as the Chairman of the Council of Economic Advisers under President Obama from 2013 to 2017. He is currently a Professor of the Practice of Economic Policy at the Harvard Kennedy School and a Senior Fellow at the Peterson Institute for International Economics. Furman is known for his expertise in economic policy, particularly in the areas of tax policy, healthcare, and labor markets.

Twitter: @jasonfurman

Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

Unpacking America’s Housing Affordability Crisis (with Whitney Airgood-Obrycki) May 21, 2024

Show notes

This week, Nick and Goldy are joined by Whitney Airgood-Obrycki from the Joint Center for Housing Studies at Harvard University to discuss the urgent issue of housing affordability in the United States. Despite its status as the wealthiest country in the world, America is grappling with a housing crisis, marked by record-high levels of homelessness and a growing number of individuals spending between 30% to 50% or more of their income on rent. Together, they unpack the housing affordability crisis, discuss how it contributes to the perception of a struggling economy, and explore the innovative solutions local governments are proposing to address it.

Whitney Airgood-Obrycki is a Senior Research Associate at the Joint Center for Housing Studies at Harvard University. She conducts research on affordable rental housing for low-income households and served as the project manager and lead author of their recent report on America’s Rental Housing. Dr. Airgood-Obrycki's latest research includes affordable housing policy, housing affordability measures, rental housing markets, and suburban neighborhood change.

Twitter: @airbrycki, @Harvard_JCHS

America’s Rental Housing 2024

Montgomery County has found a way to reinvigorate public housing in America

What if public housing were for everyone?

Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

Junking Junk Fees (with Rohit Chopra) May 14, 2024

Show notes

This week, Nick and Goldy sit down with Rohit Chopra, the Director of the Consumer Financial Protection Bureau, to explore the agency's efforts to lower financial costs for working Americans. From cracking down on credit card late fees to tackling medical debt on credit reports and regulating bank overdraft charges, Director Chopra sheds light on the CFPB's various initiatives to promote transparency and competition in financial products and services. Chopra argues that by advocating for consumer rights and protections, the CFPB is shaping a more equitable economic landscape for all Americans.

UPDATE: This episode was recorded before yesterday’s breaking news that a Texas judge issued a last-minute order temporarily blocking the CFPB’s plan to cap credit card late fees. Find more information about the injunction, and the Chamber of Commerce’s case against the cap, here: https://www.cnn.com/2024/05/11/business/credit-card-late-fees-regulation-cfpb/index.html

Rohit Chopra is the Director of the Consumer Financial Protection Bureau (CFPB), a federal agency dedicated to protecting consumers in the financial marketplace. Prior to leading the CFPB, he served as a Commissioner at the Federal Trade Commission, where he focused on promoting fair competition and protecting consumers from deceptive practices.

Twitter: @chopracfpb, @CFPB

Further reading:

www.consumerfinance.gov

Submit a complaint about a financial product or service

CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8

Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

Decoding the Tech Layoff Panic of 2024 (with Jeffrey Shulman) May 07, 2024

Show notes

Even though the American labor market is currently stronger than it has been in decades, earlier this year Big Tech companies were laying off workers at an alarming pace. Economists struggled to understand why some 25,000 tech workers were losing their jobs, even as the media panicked about whether those layoffs were a warning sign of an oncoming recession. University of Washington Professor Jeff Shulman joins us to uncover the real reasons behind Big Tech’s layoffs, and to explain their implications for workers.

Jeffrey Shulman is a professor at the Foster School of Business at the University of Washington. He’s also a podcaster and filmmaker with a diverse range of expertise in pricing, entrepreneurial marketing, and product management. As a professor, he is known for his innovative research and teaching methods that delve into the intricacies of economic principles and their practical applications in the business world. Recently, Shulman has gained recognition for his insightful commentary on the highly publicized layoffs in the tech industry.