4.8 • 1.5K Ratings
🗓️ 5 March 2024
⏱️ 38 minutes
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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 was talking to my |
0:50.0 | I was talking to my daughter the other day Nick and you know she's it's a busy life she's |
0:58.2 | 26 almost 27 in her second year of grad school, getting ready to graduate in May and, you know, obviously anxious |
1:08.3 | about entering the job market with a master's. |
1:11.8 | And at some point she just just she got a little quiet and in a hushed voice she said to me she asked dad are we in a depression are you serious And I'm like, wait, what? A depression? What? Like, no, this is one of the best economies in history like why and you know again I think some of it just is like personal because she's you know anxious she just spent you know two years in |
1:44.4 | grad school spending all that money learning a profession and now she's you know |
1:49.0 | worried about whether she's going to get a job that will help her pay her |
1:51.7 | student loans. |
1:52.5 | But also she told me, this is her cohort. |
1:55.6 | Not all of them, but some of them are struggling. |
1:57.8 | They're having trouble finding jobs or jobs in their fields |
2:01.3 | or jobs that they want to do or that pay them enough to get by. |
2:08.0 | And so that's the world she's living in and which she's wondering whether we're in a depression. |
2:14.8 | Nick, are we in a depression? |
2:16.5 | I don't think we're in a depression. |
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