4.6 • 11K Ratings
🗓️ 7 May 2021
⏱️ 55 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | I'm Ezra Client and this is the Ezra Clancho. |
0:20.0 | Let me just start the show today with a claim that is going to sound bold by I think is obvious. |
0:24.6 | Elizabeth Warren is the single most important policy thinker and doer of this generation. |
0:29.9 | If you go back decades now, the research she did and then the way she promoted it and sold it, |
0:36.4 | and then got it passed, has completely changed how we both view and make policy, particularly economic policy. |
0:43.8 | So the two income trap, which is a book she published in 2004 back when she was an academic, |
0:48.3 | it tilted the axis of the Washington economic debate and moved the focus from this pretty narrow lens |
0:55.5 | of wages and overall economic growth that it dominated in the Clinton era towards this deeper analysis |
1:01.3 | that we now take for granted on the affordability and precarity of a modern middle class life. |
1:06.7 | A lot of the modern economic debate is built on that. |
1:09.6 | Of course, that research was built on her work on bankruptcy, but it also fed into her work on financial regulation. |
1:16.4 | She proposed this entire new way of thinking about and then structuring consumer protection, |
1:22.4 | and then she made this move. |
1:23.7 | It policy won't almost never make. She got those ideas passed into law. |
1:27.5 | It went from an article in the journal democracy to a new federal agency that she set up and ran |
1:34.0 | the consumer financial protection bureau. It's just wild. |
1:37.1 | And then when the Senate Republicans wouldn't confirm her to run it permanently, |
1:41.5 | she ran for and won a Senate seat in Massachusetts. |
1:44.4 | She became then a member of the Democratic Senate leadership team and a presidential candidate. |
1:49.4 | The closest analog to this in recent American politics is, I don't know, maybe Pat Moynihan from New York, |
1:54.9 | but it's a pretty unique career and it's by no means over. |
1:58.4 | So in recent years, Warren has led in pushing antitrust back into the conversation. |
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