Pitchfork Economics with Nick Hanauer
Pitchfork Economics with Nick Hanauer
CATEGORY: Business
Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don’t do something about rising inequality, the pitchforks are coming.
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The velocity of money (with Ann Pettifor)Over the last century, the velocity of money—the rate at which money changes hands through the economy—has declined. Today, money moves at one of the slowest rates on record, meaning every dollar today generate…
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Re-post: Does the market pay you what you’re worth?…The theory of marginal product of labor says that every worker is paid exactly what they’re worth—the value that their labor generates. Employers cite marginal productivity to legitimize paying the lowest wages…
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What’s the deal with the CBO report?The big news in the minimum wage world this week is the brand new CBO report—which, among many benefits, also found that a $15 federal minimum wage would cost jobs, increase the deficit, and raise prices. How c…
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Ask Nick AnythingYou know the drill: Nick and Goldy answer your questions! Did we see ‘pitchforks’ at the Capitol insurrection? What should people who subscribe to the economic theories we talk about in this podcast call themse…
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Repost: How to spot a bogus minimum wage study (with…Here’s another resource from the archive that will help you wade through the loud and often misleading coverage of the Raise the Wage Act. Not all minimum-wage studies are equal. Some of the most headline-grabb…
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Do wealthy Americans have too much power? (with Thom…Is the U.S. an oligarchy, or does it just have a bunch of super-rich people living in it? Is there a difference? Author Thom Hartmann joins Nick and Paul to explain the relationship between wealth and American…
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Repost: Why raising the minimum wage doesn’t raise u…You may have noticed that the trickle-downers are out in full force again spouting bad ideas in response to the Raise the Wage Act, which will raise the federal minimum wage to $15/hour. To set the record strai…
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How can Democrats win back rural America? (with Bill…Democrats used to win elections in rural areas, but that seems like a distant memory now. This week, Zach is joined by Bill Hogseth, a political organizer from rural Wisconsin, to talk about the difference betw…
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The sounds of the new administrationCelebrate the end of inauguration week with this compilation of fun soundbites from past guests who are now serving in the Biden Administration!Featuring: Jared Bernstein, from ‘What can a board game teach us a…
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The economic challenges Biden faces (with Idrees Kah…Idrees Kahloon from The Economist joins us for inauguration week to assess the daunting economic challenges that the Biden-Harris administration will face the second they take office. Idrees Kahloon is the Wash…
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The case for a True New Deal (with Bharat Ramamurti)In a recent report, The Roosevelt Institute called for a new set of policies to mitigate the economic suffering caused by the pandemic. Taken all together, these policies are as sweeping as the New Deal was—but…
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How banking deregulation makes you unsafe (with Anat…No matter what some politicians may claim, there’s actually no such thing as ‘less regulation’ — there are only regulations that favor the powerful, and those that don’t. Stanford economist Anat Admati walks us…
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Tax me more, I’m rich (with Abigail Disney and Chye-…Trickle-down economics would have you believe that the rich are job creators. For decades we’ve been told that the more money the wealthy have to invest in creating jobs, the better the economy will be for ever…
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Why should we cancel student debt? (with Fenaba Addo…The CARES Act delayed student loan payments as a form of stimulus, raising an important question: if forgiving student loan debt is good policy and broadly popular with Americans, should we just cancel student…
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Why conventional wisdom is finally pushing for highe…Six years after the beginning of the Fight for $15 movement, conventional wisdom is finally waking up to economic reality. How do we know? Because the New York Times recently published an editorial titled ‘Let’…
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Author Interview: Competition is Killing Us (with Mi…Neoliberal economics says free trade is always good, and its followers try to lower trade barriers without discretion. Freedom is an essential ingredient for successful international trade—but that doesn’t mean…
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Restoring conservative economics (with Oren Cass)“Conservative economics” in the U.S. has become synonymous with libertarian principles. But that’s not what American conservatism was originally about. Oren Cass, the executive director of a new think tank call…
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What would you do if you were benevolent dictator?We’re continuing to celebrate our 100th episode this week with another compilation — the best of the benevolent dictator question. What would you do to fix the world’s most intractable problems if you had no re…
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Why do you do this work?It’s our 100th episode! To celebrate, we pulled together some of our favorite answers to the question we love to ask our guests: Why do you do this work? Plus, Nick answers the question too. We’re thankful this…
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What happens when unemployment benefits run out? (wi…Right now, 26.3 million workers are either on unemployment or waiting to be approved for unemployment benefits. But for many of these jobless workers, the clock is running out on their eligibility to receive un…
