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Odd Lots

Ezra Klein on the Future of Supply-Side Liberalism

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 8 September 2022

⏱️ 55 minutes

🧾️ Download transcript

Summary

To the surprise of many people, the Biden administration has notched some significant economic policy wins this year. The CHIPS Act represents a major piece of industrial policy aimed at bolstering the US semiconductor sector and making the supply chain more resilient. Meanwhile, the Inflation Reduction Act puts a lot of money towards a range of energy options, with a particular focus on advancing renewables. Ezra Klein, the New York Times Opinion columnist and host of "The Ezra Klein Show," has been a major proponent of "supply-side liberalism," or the idea that Democratic policy aims should focus more on building out supply-side capacity, as opposed to simply redistributing demand. On this episode, we talk about the politics and economics of this endeavor.

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Transcript

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0:00.0

Do you know what your interest rate is on your savings account?

0:02.7

I bet it's lower than you think.

0:04.3

Go ahead and look.

0:05.2

And in the meantime, I'll tell you about U.S. Treasury bills on public.

0:09.3

As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity.

0:16.2

That's the highest rate on six-month Treasury bills since the year 2000.

0:20.0

Go to public.com-slash-t-bill-podcast to get started.

0:23.8

This is a paid endorsement by public.com,

0:26.0

fees and conditions apply.

0:27.3

Treasury accounts at public.com or through Geco Securities Inc.

0:30.4

Member Finra and SIPC.

0:31.8

Not FDIC-insured?

0:33.1

No bank guarantee.

0:34.0

May lose value.

0:34.8

Full disclosures can be found at www.public.com-slash-t-bill-podcast.

0:56.8

Pretty hard toward equity.

0:58.6

Because of all the dislocations, there's always relative value trades that you could be doing.

1:03.2

Subscribe to the tape today on Apple, Spotify, Bloomberg.com or wherever you get your podcasts.

1:20.4

Hello and welcome to another episode of the AdLots podcast.

1:24.8

I'm Joe Weisenthal.

1:26.2

And I'm Tracy Alloway.

1:27.6

Tracy, obviously, one of our themes for years now has essentially just been all of these ways

...

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