Allison Schrager, a Bloomberg columnist and scholar at the Manhattan Institute, dives into the legal complexities following the January 6th riots, challenging the narrative of innocence among key participants. She critiques how we measure economic progress and the inadequacies of traditional indicators. The conversation shifts to comparing U.S. economic policies under Presidents Obama and Trump, touching on tariffs and their diplomatic implications. Schrager also highlights the current economic challenges, including inflation and housing market issues, providing a thought-provoking analysis.
The podcast critiques the legal defenses of January 6th rioters, emphasizing the need for accountability in upholding law and order.
It advocates for a reevaluation of traditional economic indicators like GDP, highlighting the misalignment with people's lived experiences and inflation's impact on real wages.
Deep dives
Mint Mobile Price Cut Announcement
Ryan Reynolds announces a significant price reduction for Mint Mobile's Unlimited plan, dropping the monthly fee from $30 to $15. This decision follows a discussion with the company's legal team regarding the legality of raising prices amidst inflation, during which they confirmed that existing contracts allow for such increases. The offer applies to new customers on a three-month plan, emphasizing affordability and accessibility in the wireless industry. The pricing change illustrates Mint Mobile's commitment to providing budget-friendly options in a competitive market.
Legal Consequences of January 6th Rioters
The podcast delves into the legal outcomes for individuals involved in the January 6th Capitol riot, particularly focusing on those charged with seditious conspiracy, such as members of the Oath Keepers and Proud Boys. The narrative explores the perceived 'miscarriage of justice' arguments made by some rioters and their legal defenses, particularly for individuals who claim ignorance or a belief they were participating in peaceful protest. Specific cases highlight convictions and sentences handed down to participants, revealing the complexity of the legal repercussions they face. Ultimately, the podcast stresses the importance of upholding law and order, as well as the necessary consequences for unlawful actions.
Economic Measures and Standards of Living
The conversation emphasizes the importance of reevaluating standard measures used to assess economic health, such as GDP and unemployment rates. Experts agree that focusing solely on these statistics neglects the complexities of individuals' lived experiences, particularly how inflation impacts real wages. The discussion includes a critical examination of how economic narratives often differ from the realities faced by Americans, revealing discontent amongst the populace despite apparent economic recovery. This reevaluation aims to foster a more nuanced understanding of wealth distribution and the distinct economic realities faced by various demographics.
Impact of Government Policies on Employment
The podcast also touches upon the effects of government policies on employment rates, particularly in the context of Biden's manufacturing initiatives. While actions such as bailouts aimed to support various sectors, there's skepticism about the tangible impact on job growth in manufacturing. Evidence suggests that technological advancements rather than trade policies primarily account for job losses in this field. The discussion reveals a disconnect between government initiatives and the public's perception of economic well-being, indicating a need for policies that resonate more effectively with everyday experiences.
An analysis of the most “sympathetic” January 6th rioters hardly supports their innocence. Plus, have we been measuring economic progress all wrong? Allison Schrager, of Bloomberg and the Manhattan Institute, says, “Kind of, yeah.”