Ask Nick Anything

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 5 July 2022

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nick and Goldy answer more of your questions! What’s the deal with cryptocurrency? How are people still saying that inflation was caused by the stimulus? Is capitalism better than market socialism? Plus some summer reading recommendations and an important podcast announcement. If you have questions for a future AMA episode, leave us a voicemail at 731-388-9334. Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire” https://www.currentaffairs.org/2022/05/why-this-computer-scientist-says-all-cryptocurrency-should-die-in-a-fire Consumers deserve an inflation rebate (with Congressman Ro Khanna) https://pitchforkeconomics.com/episode/consumers-deserve-an-inflation-rebate-with-congressman-ro-khanna/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	It's summer and it's a great time to answer some of your questions.
0:06.2	Hi, Nick.
0:07.2	I was wondering if you could discuss more at length, the idea that wealth concentrates because
0:13.4	the return of capital tends to exceed the general rate of economic growth.
0:18.2	Why do you think that capitalism would be better than market socialism?
0:22.1	Dear Nick, I'm beginning to hear about investing in cryptocurrency.
0:25.1	Can you give a quick primer on this emerging phenomenon?
0:28.5	From the home offices of civic ventures in downtown Seattle, this is pitchfork economics,
0:38.0	with Nick Hanauer, the best place to get the truth about who gets what and why.
0:56.4	So pitchfork economics gang, we're back for another AMA, asking me anything.
1:00.8	It's summer and it's a great time to answer some of your questions.
1:05.8	We love doing these AMAs and we collect questions all the time so you can send us messages
1:12.7	through our website or leave us a voicemail any time that suits you and our number is
1:18.2	in the show notes.
1:19.5	And before we start, Nick, we want to plug a new podcast called When the People Decide,
1:25.2	it's from the McCourtney Institute for Democracy at Penn State and it explores the promise
1:31.1	and sometimes the peril that valid initiatives have brought to American democracy by telling
1:37.4	the stories of people who have organized initiative campaigns across the country.
1:42.8	You've organized some initiative campaigns, Nick, haven't you?
1:46.1	Yeah, a couple of 300.
1:49.0	And it makes a really big impact, which we've talked about before, some of the initiatives
1:54.8	we've run in Washington state on the economy and on gun responsibility in particular, leading
	...

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