Why Trump’s Economic Illiteracy Might *Not* Tank the Economy
On with Kara Swisher
New York Magazine
4.2 • 3.2K Ratings
🗓️ 21 August 2025
⏱️ 53 minutes
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| 0:00.0 | I didn't live through the Civil War, but I've certainly read about it. |
| 0:03.2 | I did have someone saying this is the worst time in U.S. history. |
| 0:05.8 | I'm like, I'm going to go for the Civil War. |
| 0:07.2 | Yeah, I know. |
| 0:08.2 | The Civil War. |
| 0:08.9 | I wasn't there, but... |
| 0:10.8 | It's on. |
| 0:15.9 | It's on. Hi, everyone from New York Magazine and the Vox Media Podcast Network. |
| 0:25.3 | This is on with Kara Swisher, and I'm Kara Swisher. |
| 0:27.9 | There's been a slew of economic news in recent weeks, a lot of which has been kind of confusing and contradictory. |
| 0:33.9 | Whether it's tariffs, employment, the stock market, everything seems to be in flux largely because of Donald Trump. |
| 0:42.4 | So what is exactly happening with the economy and what can we expect in the weeks and months ahead? |
| 0:47.2 | My guest today is the perfect person to explain that all. |
| 0:50.1 | Steve Ratner is the chairman and CEO of Willett Advisors and investment arm for former New York mayor Michael Bloomberg's personal and philanthropic assets. |
| 0:58.6 | He's also an economic analyst for MSNBC and a contributing opinion writer for The New York Times. |
| 1:04.6 | I've known Steve of a long time. I met him back in the dot-com days when he was an investment banker. |
| 1:08.8 | And he really has had a new life sort of doing a lot |
| 1:11.8 | of economic discussions that really reach regular people. So I'm looking forward to getting |
| 1:16.6 | Steve's take on the economy, for example, why we haven't seen major price hikes yet and whether |
| 1:21.1 | Trump's tariffs are going to spiral us into inflation, why there's such a disconnect between |
| 1:25.7 | the economy and the stock market and what impact generative |
| 1:28.6 | AI is going to have going forward for the good or the bad. |
... |
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