President Biden is pitting his plan for the U.S. economy against so-called ‘MAGAnomics’, the economic ideas that defined the Trump era.
Mark Blyth, political economist at Brown University, said the clash is all about who wins and who loses as the U.S. decarbonizes.
On the show today, Blyth explains what Bidenomics actually means and why it’s not the easiest message to sell to voters. Plus, how the United States let go of its industrial base and what it will take to re-industrialize for a clean energy future.
Then, strikes across the country are putting President Biden’s pro-union reputation to the test. And, we’ll get into what rising oil prices that could mean for the Fed and the American consumer.
Later, a listener’s perspective on why many Americans don’t feel the economy is all that strong. Plus, a bonus fantasy writing vocab lesson. And, the thing you probably didn’t know about cows?
Here’s everything we talked about today:
We want to hear your answer to the Make Me Smart question. You can reach us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Less is not always more in economic data
Why the Fed won’t hop on the rate-cutting bandwagon just yet
What summer heat waves mean for prisons
The good, the bad and the ugly of election polling
A shadow looms over the Fed
The long game of high interest rates
The growing troubles at OpenAI
A Trump-Musk bromance
How Big Food changed the way we eat
Biden doubling down on tariffs
How the Palestinian financial system is tied up in Israel
Private equity, endless shrimp and Red Lobster’s decline
Neoliberalism’s sleight of hand
Getting deep about deepfakes
The price tag on friendship
Whaddya wanna know about key inflation measures?
The great Bumble fumble
From “Million Bazillion”: What are labor unions?
The value of “third places”
What grocery aisle gossip can tell us about the economy
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