In this order, you see an approach from the Biden administration across a whole host of issues.

I mean, nominally, it's about monopolies in the US economy, but it's about so much more than that.

When we argue that the Biden administration is the most consequential of our lifetime,

listeners are confused by that, but when you understand what they're doing behind the scenes,

you begin to see how big these changes will be across the economy.

From the home offices of civic ventures in downtown Seattle, this is Pitchfork Economics,

with Nick Hanauer, the best place to get the truth about who gets what and why.

I'm Nick Hanauer, founder of Civic Ventures.

I'm David Goldstein, senior fellow at Civic Ventures.

So one of the most frustrating things in my life recently, Goldie, has been how few people

appreciate how consequential the Biden administration has been on economic policy.

It's just driving me crazy, although to be fair, it's getting better and better and better

as the days go by and as more people begin to recognize the size and nature of the legislative

achievements. But what even fewer people appreciate is what's going on sort of behind the scenes

in terms of executive orders around competition, because that is just as breathtaking, frankly,

as the legislation. Yeah, you know, I think I compare this to Nick, is that I'll do a sports

analogy for you that everybody pays attention to the first round draft picks.

And so they get a lot of acclaim for the stuff they do because it's expected of them.

But the late round draft picks are the undrafted free agents who come into a league.

It takes years for people to realize the contributions they're making and for them to get full

credit for how good they really are when they succeed. And I'd say that in terms of presidents,

like when he was elected, you might have considered Biden more like a fourth or fifth round pick instead

...