So the Democratic Party is definitely not the vehicle that we need and any idea that the Democratic Party is going to be transformed

are just absolutely utopian pipe dreams. There is absolutely no doubt about that. There couldn't be any clearer lesson of the past, you know, century of American politics than that. So, Hello Faithful, I'm so happy to invite to Bad Faith's podcast for the first time Steve

Mar. He is the assistant professor of economics at Sunni

Cortland and a co-editor of the Socialist Register. Welcome to Bad Faith Steve.

Thanks, good to be here. So I was introduced to you after listening to an episode of Macro in Cheese.

Favorite podcast of mine, a strong recommendation from Jonathan Cadman there, so shout out to him for keying me into that podcast and I really appreciated that you're a very clear

communicator on the subject of economics which I will fully admit it's not a class I ever

took in college I was introduced to kind of have a bit of an

interest in it because I had a law and economics professor who taught me

towards and corporations. He's been on this podcast before and he opened my

eyes to the extent to which this was an issue area that I should feel impacted my life and was about me and not just some guys in a bank somewhere.

And so I always love to invite people on to try to make what I have always found to be a somewhat inscrutable,

issue area more scruitable. So I appreciate you spending your time with me and us here today.

Thanks, yeah, no problem. Glad to be problem. I'm a big fan.

Oh, thank you.

I appreciate that.

I wondered if we could first start by talking about a subject that has kind of gone off the

political radar despite being a pretty hot topic at an earlier time in this electoral cycle, which is the question of inflation who's at fault whether or not Joe Biden is sufficiently to blame and what role various narratives that have been put forward in the context of the 2024 cycle including the corporate pre-reed argument are accurate sources of blame for the phenomenon itself.

I had an episode with Professor Fidel Caboobbe some months ago where he was talking about

four areas that really drove inflation specifically, if I recall correctly,

health care costs, transportation costs, housing costs, and food costs, and how the fact of inflation rising in those areas

created a counter narrative to let's say the Biden administration's desire to say well look

...