Very Serious is a weekly conversation with top political commentators, columnists and policymakers, focused on how events in the news relate to major, long-stan...
I’m back in your ears this week — testing out an idea. There’s a lot of political chat shows out there aimed at slices of the ideological spectrum, but the middle is underserved. Shouldn’t we have a show to digest the news, hash out some civil disagreements, talk a little bit about how the right and left are screwing things up, and also have a little fun?Ben Dreyfuss, Megan McArdle, and Mike Pesca join me this week to discuss Trump’s first week, the big economic promises he’ll have trouble fulfilling, the relative apathy of “the Resistance” compared to 2017, what we’re looking forward to about his presidency, the war on DEI, the TikTok ban reprieve, and even the newest unit of measure of time: the “Ramaswamy,” which is negative one days. Let us know what you think: [email protected] This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.joshbarro.com/subscribe
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1:16:59
David Schleicher on the Fiscal Whipsaw in State Governments
How are state and local governments faring post-COVID? It's a pretty different picture than what we're seeing with the federal budget deficit. States enjoyed generous federal aid and surprisingly strong tax collections during the pandemic. In 2021, state governments were flush — sometimes, they even made responsible choices, making deposits into their pension funds and building up their rainy-day funds to extremely high levels. Other states committed to new programs and spending. Now it's a mixed bag. To talk about how the states are managing all of that, I talked to Yale Law School professor David Schleicher, an expert on state and local government finance, for a wide-ranging conversation about how states have (and have not) learned the lessons of their budget crises from the Great Recession, and how they’re adjusting to once-again lean times.Visit joshbarro.com for a transcript of this episode and to sign up for my newsletter. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.joshbarro.com/subscribe
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40:09
The Martini Police, with Peter Suderman
We are back with Peter Suderman’s semi-annual visit to the Very Serious podcast! Getting ready for spring, Peter and I talked about best practices for muddling fresh fruit into cocktails. We talked about Peter’s philosophy of the 41-bottle bar, about his favorite non-alcoholic cocktails, and about why he has no use for vodka. We also talked about “x-tini” cocktails — relics of the bad old days (the 1980s and the 1990s) when bars would mix together any brightly colored fruit liqueur with spirits and sour mix and who knows what else and call the drink some kind of “-tini.” But we also talked about a silver lining of that age — the espresso martini, birthed then and once again popular today, which Peter has methods for improving (think gin or mezcal).Visit joshbarro.com for a transcript of this episode and links for the books, bottles and recipes we reference. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.joshbarro.com/subscribe
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54:54
Jason Furman on the Inflation That Keeps Going and Going and Going
We’re back with another episode of the Very Serious podcast, and this episode has a friend of the show: Prof. Jason Furman, who teaches economics at Harvard.Or, as Jason put it to me, he’s a bit of a foul-weather friend of the show:Jason: Inflation does fluctuate a bit. Sometimes it looks a little bit better — during those times, you don't have me on your show. Sometimes it looks a little bit worse, and then you desperately call me and want me back on your show.I suggested that the Jason Furman Very Serious Index could be yet another inflation indicator to keep an eye on, among all the others.Jason: Yeah. And the big open question is, is that a lagging indicator of past inflation, or does that help us predict future inflation?Indeed, the inflation outlook has worsened in the last few months. It looked like we were making progress in cooling inflation toward the end of 2022, but after a combination of revisions to data and hotter reports in recent months, it now looks like we haven’t actually made much progress at all. At the same time, the economy has continued to show decent growth and strong job gains — a set of facts that have economic analysts talking less about soft and hard landings and more about “no landing”: the possibility that we will avoid recession for a substantial period while also experiencing persistently too-high inflation.I talked with Jason about why inflation hasn’t come down much despite the Fed’s substantial interest rate increases, what can be done to tame inflation over the next year, and how we have ended up with the Fed as “the only game in town” — with monetary policy being the only useful policy lever, even if it is an imperfect one, for taming inflation. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.joshbarro.com/subscribe
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33:04
National Lessons from New York's Red Wave, with Ross Barkan
There was no national “Red Wave” in last November’s elections, but there sure was one in New York. Republicans won a clean sweep on Long Island, even washing George Santos into Congress. They lost Asian and Hispanic support in New York City, turning swathes of Brooklyn red and Queens purple. I invited progressive journalist Ross Barkan to talk about what happened in New York, and what Republicans and Democrats across the country can learn from it. We discussed crime, schools, future housing policy that might be more possible now because Democrats lost the suburbs, and also ornery billionaire James Dolan, who owns the New York Knicks and Rangers, Madison Square Garden and Radio City Music Hall and is using facial recognition technology to bar his enemies from his entertainment venues.Visit joshbarro.com to sign up for my newsletter and to find a transcript of this episode and other relevant links. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.joshbarro.com/subscribe
Very Serious is a weekly conversation with top political commentators, columnists and policymakers, focused on how events in the news relate to major, long-standing controversies in politics, economics and culture. Host Josh Barro is joined by a rotating set of regular guests to work out the ideas behind the arguments on topics serious and not-so-serious. It’s a great conversation across ideological lines that will leave you entertained, enlightened, and maybe even persuaded. www.joshbarro.com
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