Seizing the Middle Out Moment

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 2 January 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Pitchfork Economics was started, our ideas about economic cause and effect were way outside the economic mainstream, and so much has changed in the last ten years. The economic world is shifting its thinking away from neoclassical ideas, and the primary middle-out economics messenger driving this paradigm shift is in the Oval Office. In this episode, Nick and Goldy explain how the podcast will sharpen our focus on how best to build the economy from the middle out. They’ll also distinguish the difference between Middle-Out Economics and Bidenomics and how Bidenomics is a departure from the trickle-down economics of Reaganism. Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.
0:10.0	It's time to build our economy from the bottom up and from the middle out, not the top down.
0:15.5	Middle out economics is the answer.
0:17.8	Because Wall Street didn't build this country.
0:20.1	Great middle class built this country.
0:22.2	The more the middle class thrives, the better the economy from the middle out.
0:42.0	Welcome to the show.
0:44.0	I don't know if you heard that Nick,
0:51.0	but we've got a new opening to the podcast this week in the new year
0:57.5	and new cover art as well if you're looking in whatever podcast app you use Apple or otherwise very different
1:05.5	been nice big picture of you I disappointed that it isn't with this read
1:10.8	their end that it's not pitch fork economics with with Goldie or maybe there's you with Goldie or maybe there's you with a pitch fork and my my head on top of it
1:18.7	Something like that might have been cool, but I'll speak to here in here Nick I'll speak to the art directors about that Goldie.
1:25.0	You know we are going through what they call a rebranding but really it's not so much a
1:29.8	rebranding as just sort of acknowledging the moment I think that we're in. You know, we have been at this for a few years and when we got started, you know, the ideas that we were discussing and the positions that we were taking on economics
1:46.7	were much more outside of the mainstream. We started doing this podcast before Joe Biden took office and before really the middle out era and
1:59.4	Here we are in it and I think that that's just a very significant phase change in how the world is thinking about economics, both
2:09.0	policy and more generally economic cause and effect. know if you do this what happens and you know we have been
2:17.7	Regailing our listeners with this idea of middle out economics for a very long time and I think we can admit that it never occurred to us how far we would come in a relatively short amount of time.
2:31.0	You know it certainly never occurred to us that every time the
2:34.1	president of the United States would talk about economics he would talk about
2:37.9	growing the economy from the bottom up in the middle out. But you know Gold you know, the whole world is shifting in terms of its
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