

TDS Time Machine | Money Talk - Conversations with Economists
6 snips Jul 14, 2025
Join Jon Stewart as he chats with Oren Cass, chief economist at American Compass, who explores the conservative shift towards recognizing the limits of markets and emphasizes the importance of livable wages. Stephanie Kelton, a leading voice in Modern Monetary Theory, challenges traditional views on government deficits, asserting they can boost prosperity. Christine Lagarde delves into the global economy, discussing inflation dynamics and the impact of the pandemic and geopolitical conflicts. They tackle the role of AI in shaping economic understanding and labor market dynamics.
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Conservative Shift on Market Faith
- Conservatism shifted from trusting markets unconditionally to actively caring about jobs and national resilience.
- Markets alone didn't provide good outcomes on wages or dependence on countries like China.
Romney’s Trade Policy Awakening
- Mitt Romney's team questioned traditional free trade policy regarding China.
- Conservative economists reacted with shock upon considering active measures against China.
Reagan’s Trade Protection Example
- Reagan was a trade protectionist who started a trade war with Japan to protect manufacturing.
- This led to the American auto industry relocating to the South.