The Lawfare Podcast
Lawfare Daily: Chris Hughes on His New Book, ‘Marketcrafters’
Apr 22, 2025
Chris Hughes, author of 'Marketcrafters' and co-founder of the Economic Securities Project, discusses the vital concept of market crafting. He shares historical case studies illustrating how proactive government policies can benefit society and stabilize economies. The conversation highlights the transition of leaders from libertarian beliefs to supporting necessary government interventions. Hughes advocates for collaboration between markets and government as a path to economic stability and public good, especially in times of political upheaval.
41:44
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Quick takeaways
- Chris Hughes emphasizes the importance of strategic government interventions, or market crafting, in directing economic forces towards enhancing public good and stability.
- The podcast highlights historical case studies that demonstrate the effectiveness of proactive government measures, showcasing their potential to address contemporary economic challenges.
Deep dives
Understanding Market Craft
Market craft refers to the strategic use of government intervention to harness market forces for public good, encompassing areas like national security and economic stability. It contrasts with traditional notions of government as merely intervening to correct market failures. Case studies in the podcast illustrate instances from history where individuals, both Republicans and Democrats, successfully crafted markets to achieve specific objectives, such as stabilizing the housing market or fostering innovation in the tech sector. The concept emphasizes that effective market crafting requires a clear mission, governmental discretion, and accountability to achieve the desired outcomes.
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