Plain English with Derek Thompson

Kevin Roose, a New York Times technology and economy expert, joins to discuss the end of the 'everything boom,' where asset prices soared but are now plummeting. They dissect the Federal Reserve's significant interest rate hike, exploring its implications for borrowing costs and consumer habits. The conversation also touches on the unsustainable nature of millennial subsidies in gig work, exemplified by the rise and fall of MoviePass. Lastly, Roose shares insights into the struggling cryptocurrency market and its parallels with past financial crises.

Justin Wolfers, a professor of public policy and economics at the University of Michigan, breaks down the complexities of inflation and its surprising trajectory. He discusses the stark differences between core and headline inflation, emphasizing how volatile prices distort economic health perceptions. Wolfers tackles hot topics like 'greedflation' and the impact of wage growth on inflation. He also critiques the media's pessimism on the economy, despite a robust labor market, providing vital insights into the Federal Reserve's balancing act amidst rising rates.

Ron Brownstein, a CNN senior political analyst and writer for 'The Atlantic', dives into the significant messages sent by recent California elections. He discusses the recall of San Francisco's progressive district attorney and the rise of crime-focused campaigns, notably by Rick Caruso in Los Angeles. Brownstein draws parallels between today's political climate and the chaotic 1970s, emphasizing how perceptions of crime and safety are shaping voter behavior. The conversation sheds light on the delicate balance between justice reform and public safety.

In this engaging session, complex issues around gun control are tackled, linking family dynamics to violence. The conversation shifts to the evolving role of American companies in political discourse, shedding light on corporate activism and employee influence. Reflecting on past controversies, the host offers insights into diversifying viewpoints. Finally, relationship advice is shared, emphasizing self-awareness and the importance of spontaneity for a healthy partnership. A delightful mix of serious topics and personal reflections!

German Lopez, a New York Times writer specializing in gun policy, joins to discuss America’s escalating gun violence. He highlights the alarming trend of school shootings and the stark differences in injuries caused by high-velocity firearms. The conversation delves into successful gun control measures, the complexities of red flag laws, and the political inertia in Washington. Lopez emphasizes the need for a nuanced approach to gun legislation, reflecting on both cultural attitudes and potential legislative solutions to mitigate this ongoing crisis.

Jerusalem Demsas, a sharp housing writer from The Atlantic, dives into the complexities of the U.S. housing market with Derek. They discuss whether we're facing a housing bubble and why prices continue to soar. The conversation highlights the impact of environmental regulations and nimbyism on development, revealing how wealthier groups influence housing availability. With pressing issues like homelessness in affluent cities, they stress the urgent need for innovative solutions to balance housing demand and affordability.

Kaitlyn Tiffany, a writer at The Atlantic, delves into the public frenzy surrounding the Johnny Depp and Amber Heard trial. She discusses the intense online backlash faced by Heard, linking it to societal misogyny and the complexities of anti-fandom. Tiffany analyzes how this trial reflects broader cultural sentiments, especially the backlash against the Me Too movement. The conversation also explores the dark side of internet dynamics, revealing how collective behavior can shape narratives and influence perceptions of truth.

In this insightful discussion, Scott Lincicome, Director of General Economics and Trade at the Cato Institute, delves into America's alarming infant formula shortage. He uncovers how a combination of trade policies and regulatory barriers, rather than just plant shutdowns, have exacerbated the crisis. Lincicome explains the implications of the WIC program's market monopoly, the struggles around importing European formulas, and the intricate balance between product safety and availability. His perspective offers a path towards a more rational approach to baby formula access.

Michael Batnick and Ben Carlson, co-hosts of the Animal Spirits podcast and contributors at Ritholtz Wealth Management, join to dissect the quirky state of the U.S. economy. They explore surprising stock market statistics and the long-term crypto outlook. The duo pulls parallels between past recessions and the current landscape, emphasizing the subtle signs of potential downturns. With rising inflation and interest rates, they ponder the resilience of consumers and the lessons learned from market volatility, all while keeping the tone light and engaging.

In this engaging discussion, Jason Calacanis, an early internet entrepreneur and angel investor, shares insights on the recent turmoil in tech and crypto markets. He draws parallels between today’s climate and the dot-com crash, exploring the shift from speculative investing to a focus on profitability. Jason critiques the current state of cryptocurrencies, warning of inflated valuations and potential project failures. He emphasizes the importance of strategic investing during downturns and reflects on how economic shifts can spark innovation.