Harsh Truths About 2024 and the Future of the U.S. Economy

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.8 • 1.8K Ratings

🗓️ 19 July 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's episode: the state of American politics and the future of America's economy. Derek discusses a media myth in the aftermath of the failed Trump assassination attempt and reviews three basic truths about Joe Biden's doomed presidential bid. Then, Chicago Fed president Austan Goolsbee joins the show to answer Derek's blunt question, "Are you going to cut rates next month?" Plus, they discuss the Federal Reserve, how it works, how he sees the economy, whether high rates are constraining housing production, and whether Trump's signature economic policy idea—high tariffs in an age of global inflation—would help the U.S. economy. (TLDR: No.) If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Austan Goolsbee Producer: Devon Baroldi Links: “Stop Pretending You Know How This Will End,” Derek Thompson, The Atlantic “Hit or Miss? The Effect of Assassinations on Institutions and War,” by Benjamin Jones and Benjamin Olken Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Greetings, it's now!
0:02.7	Call your banners because it's time to head back to Westeros for House of the Dragons, season
0:06.4	two.
0:07.4	The Ringers' Dragon Riders will soar alongside you each week with the Heron Hall size slate of
0:11.1	conversations.
0:12.4	The Dragon has three heads and on Sunday
0:14.1	nights immediately after Hot D concludes, Chris Ryan, Joanna Robinson, and I will be
0:18.1	with you for Talk the Thrones. Then on Mondays, two more shows away. Van Lath and Charles Holmes, Steve Allman and Jomia Denuron,
0:25.0	aka The Midnight Boys,
0:27.0	pew pewhoo, will head to the Turni Grounds to share their reactions.
0:30.0	And of course, Chris Ryan and Andy Greenwald
0:32.0	will sip the Arbor's finest vintage on the watch.
0:35.0	Then on Tuesdays, Joanna and I will head to the bowels of a pleasure den for our house of our deep dyes.
0:41.0	Then, on Thursdays Joe,
0:43.0	Joe, Neil, Miller, and Dave Gonzales will gather the ravens
0:45.5	for trial by content. In this season, full episodes of Talk to Thrones
0:49.7	House of Our and the Midnight Boys will also be available on video on Spotify and the new
0:54.8	Ringerverse YouTube channel. Podcast episodes available on Spotify or wherever you get
0:59.3	your podcasts. Today a longer open from me on an absurdly busy week in election news and our first ever
1:09.8	interview with a Federal Reserve President on the future of the U.S. economy.
1:15.0	Before we dive into today's show, I want to do a very brief meta-commentary on this podcast and politics.
1:22.0	I do not want to make Plain English a wall-to-wall political show
	...

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