3 chapters across the catalog
Alexandria Ocasio-Cortez is mocked for confusing economist John Maynard Keynes with the town of Milton Keynes during a discussion on GDP. Additionally, the "WinRed" Republican fundraising platform, run by Jared Kushner, is criticized for its aggressive "5x matching" text message marketing and skimming of donations.
IMF Managing Director Christine Lagarde delivered a speech in London comparing the current global state to the turning points of 1914 and 1944. She described 1914 as the start of a "30-year disaster" and 1944 as the "multilateral moment" where John Maynard Keynes helped establish the modern economic order. Lagarde argues for a new era of cooperation to prevent a repeat of historical collapses.
The hosts discuss various economic theories, including the British model of bank insurance and the "bad bank" concept. They reflect on the history of economic thought from Karl Marx to Milton Friedman and predict a new economist will emerge to explain the current crisis. Dvorak looks back to the innovation boom of 1890, featuring Tesla and Edison, as a potential model for a future recovery.
