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.

Things are getting really tough in the economy right now,

so we needed to make a little cut to this show today

by cutting Nick Hanauer off of it and replacing him

with a discount co-host

Paul Constant.

I have just brought the

average income of this podcast

way down.

Man, it's just a collapse, economic collapse on this podcast.

Yeah, but it's, uh, I, it's fitting, uh, for today's, uh, topic because, uh, the house just

recently passed it.

What do you call it, uh, Paul?

I know you love the name of the bill. Oh, my God.

Let me, let me just, it's, we're recording this on a Friday, so let's make it freaky Friday,

and we'll start with me ranting this time. I am furious at the journalistic malpractice going into the

coverage of the GOP tax bill, because every single time, I think three times in the New York Times recently, I have seen

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