The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.

The last five decades of trickle-down economics haven't worked.

But what's the alternative?

Middle-out economics is the answer.

Because the middle class is the source of growth, not its consequence.

That's right.

This is pitchfork economics with Nick Hanauer, a podcast about how to build the economy from the middle out.

Welcome to the show. So, Nick, how are your

vibes this morning? My vibes are fine. Yeah, you're feeling good about the economy. Things are

going well for you, which is a good economy. Yes. I don't know if you knew this,

but apparently not all Americans feel that way. Yeah. No, I'm aware. And today we're joined

by an economics reporter from the New York Times who agrees with that. Yeah. Who's been focused on it.

He's a recent article out called America's never been wealthier. Here's why it doesn't feel that way,

which digs into this growing gap between the numbers and the lived experience of most people.

And I think it's obviously, it's a very big issue in America today. It was big in the

last election. It's, well, obviously, it's been a big deal for 25 years. We're just finally beginning

to grapple with it. To be clear, the majority of Americans have been grappling with this

for quite some time. Yeah, that was unfair, wasn't. It's politically worded. It's the political and media

elite who are just beginning to grapple with my God. GDP is so strong. Aggregate wealth is so high.

Why are people so upset? Yeah, exactly. My private plane has never been faster. Yeah, exactly.

Anyway, you know, it's just going to take a long time to get this to evolve more sensible

conversations about this.

...