Liz Hoffman: Why We Are So Pessimistic About a Resilient Economy
The Gist
Peach Fish Productions
4.5 • 3.7K Ratings
🗓️ 1 May 2026
⏱️ 38 minutes
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| 0:00.0 | It's Friday, May 1st, 2026 from Peachfish Productions. It's the gist. I'm Mike Peska. |
| 0:09.3 | I'm thinking and talking a lot about California politics. In fact, on Substack, which is Mike |
| 0:13.9 | peska.substack.com, I have an article about the rerouting of a train around Caesar Chavez's |
| 0:20.5 | final resting place, the National Monument. |
| 0:23.0 | Now that he's been exposed to have been guilty of statutory rape, no one's really precious |
| 0:29.5 | about this, and they don't want to reroute the train. But beforehand, so as to avoid the very |
| 0:35.8 | remote grave in Keene, California, the state was spending a billion dollars to avoid the grave site. |
| 0:43.4 | A billion dollars. There was already a train there. It was a freight train. |
| 0:46.9 | Wouldn't really add much traffic. Wouldn't really add much noise. |
| 0:51.1 | But it was seen as a good expenditure of a billion dollars so as not to go within any |
| 0:56.2 | reasonable distance of a man who died decades ago. |
| 0:59.9 | But what I really want to talk about is what I was talking about yesterday, Prop 36, and the |
| 1:05.2 | idea of mass incarceration. |
| 1:06.7 | So you should know, as I said, that in California, it is the lowest rate and number of incarcerated |
| 1:13.2 | individuals in the last 30 years. |
| 1:16.3 | But as I talked about yesterday, this still doesn't preclude activists, public defenders, |
| 1:21.8 | from alleging mass incarceration is right around the corner or, in fact, here. |
| 1:27.0 | So I was doing a lot of digging and a lot of research on the story. |
| 1:30.1 | And one of the major organizations that is against mass incarceration is the Vera Institute. |
| 1:34.9 | And I'm against mass incarceration in a more tangible way than just saying, I'm against this thing. |
| 1:41.3 | I've really done a lot of research into it. |
| 1:43.3 | I've talked about it a lot on the show. |
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