Plain English with Derek Thompson

Matthew Yglesias, a prominent writer and founder of the Slow Boring newsletter, dives into the Democratic Party's recent electoral triumphs. He explores the new 'affordability theory' as a unifying message, discussing its strengths and weaknesses. Yglesias questions conventional affordability metrics while highlighting the struggles of low-income Americans. They also debate the importance of moderation in politics and how Democrats can effectively address cultural conservatism while appealing to diverse voters. It’s a fascinating look at strategy and the future of the Democratic Party!

Ken Burns, the award-winning filmmaker known for his impactful historical documentaries like 'The Civil War,' dives into the complexities of the American Revolution. He debunks the mythical portrayals of figures like George Washington and highlights the chaotic reality of 1776. Burns discusses the Revolution’s global influence, inspiring movements worldwide, and the importance of crafting nuanced narratives in storytelling. He also shares insights into his filmmaking techniques, including how to evoke history without photographs.

Jonathan Cohen, an author and researcher on gambling policy, dives into the alarming impact of legalized sports betting on society. He discusses the recent FBI investigation and the shocking rise in financial issues, particularly for young men, as gambling becomes more enticing and accessible. Cohen shares a personal story about addiction and emphasizes how betting has drastically altered the fan experience. He suggests that while gambling can be fun, stricter regulations are needed to prioritize safety and protect vulnerable individuals from its harms.

In this engaging conversation, bestselling author Michael Lewis, known for works like Moneyball and The Big Short, dives deep into the intricacies of the financial crisis. He explores how hidden risks and warped incentives paved the way for crises, warns about the dangers of cryptocurrency, and discusses the long-lasting impacts of the financial meltdown on politics and society. Lewis also shares insights on crafting compelling narratives, his process in discovering stories, and the challenges of adapting books into films along with reflections on AI's potential pitfalls.

Ethan Mollick, a Wharton professor focused on entrepreneurship and innovation, dives deep into the evolving role of AI in our work lives. He explores how AI's capabilities have advanced and discusses its limitations, including areas where it still struggles. Mollick highlights the implications for jobs, especially those involving repetitive or easily assignable tasks. He shares practical strategies for using AI effectively and warns about skill atrophy with reliance on technology. The conversation paints a picture of a disruptive transition rather than an overnight overhaul.

Jake Auchincloss, a U.S. Congressman from Massachusetts, tackles the Democratic Party's branding struggles and offers fresh policy ideas. He proposes a digital dopamine tax to address social media's impact on attention. The conversation dives into the 'cost disease' in housing and healthcare, suggesting tech adoption as a solution. Auchincloss argues for a new centrist approach, blending bold ideas across ideologies. He also emphasizes the importance of catchy, relatable political messages to reconnect with young voters and challenge big tech.

Azeem Azhar, an investor and author of the Exponential View newsletter, dives deep into the debate surrounding AI as a financial bubble. He argues against conventional wisdom, suggesting that today’s AI differs fundamentally from past bubbles due to real user demand. Azeem discusses the implications of rapid GPU depreciation, the strain of data center spending, and the potential for AGI to reshape the economy. He also outlines critical revenue growth needed for sustainability, questioning whether AI is truly a bubble or simply misunderstood.

John Johnson, a seasoned Broadway producer with over 25 years in theater, sheds light on the challenges facing Broadway musicals today. From skyrocketing production costs to changing audience preferences, he discusses the financial struggles of new shows. Johnson explains the impact of COVID-19 on demographics and tastes, emphasizing a shift towards intimate Off-Broadway productions. He explores the tension between risk-taking in original works and the dominance of established blockbusters, while contemplating the future pathways for live theater.

Ben Fritz, an entertainment industry reporter for The Wall Street Journal, sheds light on the current turmoil in Hollywood. He discusses the steep decline in movie ticket sales and employment, attributing it to a combination of COVID, production issues, and changing market demands. Fritz also explores whether the downturn could lead to a renaissance in filmmaking, driven by smaller, bolder projects. He shares insights on how AI may reshape the industry, highlighting both its potential benefits and the challenges it poses for jobs.

America is rich—richer than ever. Yet Americans are more anxious, lonelier, and less satisfied than people in many poorer nations. The 2025 World Happiness Report ranked the U.S. 24th in life satisfaction, its lowest on record. Maybe, as social scientists say, we’ve traded community for consumption. Today’s guest, Morgan Housel, thinks there’s a deeper reason money hasn’t bought us happiness. America, he says, is world-class at making money, but bad at spending it wisely. In his new book, The Art of Spending Money, Housel argues that we’re burdened not only by visible debt—mortgages, credit cards, loans—but also by invisible debt: desire. In this episode, Derek talks with Morgan—the author of The Psychology of Money and Same as Ever—about how money, comparison, and human nature shape happiness. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Morgan Housel Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices