Economic Progress, Perception, and Election Influence

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Exploring the disconnect between technological advancements and economic benefits, the chapter analyzes the impact on the American dream, societal division, and potential influence on the 2024 election. Debate ensues over whether economic conditions will favor Trump or Biden and how the partisan divide in economic perceptions could sway the election outcome, with contrasting views on the importance of economic factors in voter decisions.

We’ll be back on Friday with a new episode. In the meantime, we wanted to share one of our favorite recent episodes from our sister podcast, “Matter of Opinion.”

Why does the economy look so good to economists but feel so bad to voters?

The Nobel laureate economist Paul Krugman joins the hosts on “Matter of Opinion” to discuss why inflation, interest rates and wages aren’t in line with voters’ perception of the economy. Then, they debate with Paul how big of an influence the economy will be on the 2024 presidential election, and which of the two presumed candidates, Joe Biden and Donald Trump, it could benefit. Plus, Ross Douthat’s lessons on aging, through Michael Caine impressions.

Mentioned:

“Believing Is Seeing,” from Paul Krugman’s newsletter

“The Age of Diminished Expectations,” by Paul Krugman

“The Trip” scene: “This Is How Michael Caine Speaks”