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Explain It to Me

Interview with Jason Furman

Explain It to Me

Vox Media Podcast Network

Education, News, Society & Culture, Politics

4.48K Ratings

🗓️ 18 April 2016

⏱️ 31 minutes

🧾️ Download transcript

Summary

The Obama administration's top economist talks to Vox's Dylan Matthews about the challenges facing the American economy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey Weeds fans, we've got a sort of a Weeds special here for you at box.com's Dylan

0:21.6

Matthews doing an interview with Jason Furman.

0:24.9

He's been described as the longest long in the White House for the past three years.

0:28.8

He's been Obama's chief economist and he's been an important part of Obama's brain

0:32.4

trust since the 2008 campaign.

0:34.4

He helped design the stimulus, he helped design Obamacare.

0:37.2

He's also a really interesting guy.

0:38.6

He had a teenage career as a street drugler in Washington Square Park where I, in fact,

0:42.7

saw him perform and he was college roommates with Matt Damon who describes him as one of

0:47.0

the smartest people I've come across.

0:49.0

So in the later years of the administration, he started doing some really interesting

0:52.0

research into renet seeking.

0:54.2

That's a term economist used for ways in which people and businesses try to get more money

0:57.8

for themselves without really creating anything of value.

1:01.0

That extra slice of the pie is known as a rent.

1:03.3

What he's found is that zoning rules make it hard to build a big cities, occupational licensing

1:07.3

rules, keep people out of jobs, and they're generating huge rents for landlords and

1:11.3

in-license holders.

1:12.3

They're holding back the economy.

1:14.0

So he and Fox's Dylan Matthews talk about that, they talk about the Affordable Care

1:17.3

Act's Cadillac tax, and they talk about why more and more working age men aren't actually

1:21.3

working.

...

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