Episode Details

Boomcession: Why the Economy Looks Great on Paper and Hurts in Real Life

Episode 1789 Published 2 weeks ago

Description

Air Date: 05-06-2026

Today we examine how the U.S. war on Iran is producing an economic crisis with echoes of the 1970s stagflation era which explains why Trump is now less popular on inflation than Jimmy Carter. We'll also be exploring various element of the structure of our economy, including how GDP became a deeply misleading measure of welfare, why consumer spending increasingly goes toward things people don't want to buy, and how gambling and junk fees are literally counted as economic growth.

Full Show Notes

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