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Pitchfork Economics with Nick Hanauer

LIVE from DC: Redefining the Center (with Heather Boushey)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 16 April 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

This special episode of Pitchfork Economics features a live conversation from the "Redefining the Center: How to Make Middle-Out Economics the New Mainstream" conference hosted by Democracy Journal in Washington, D.C. Heather Boushey, a member of the White House Council of Economic Advisors, joins Nick for a wide-ranging discussion moderated by Michael Tomasky, editor of Democracy Journal. Hanauer & Boushey explore the policy initiatives being pursued by the Biden administration that prioritize working families and promote economic growth from the middle out and discuss the crucial role of the middle out as a paradigm shift in how people think about economic cause and effect. This dynamic and thought-provoking discussion was a great start to an outstanding conference. Heather Boushey is an economist and policy advisor who serves as a key member of President Biden's White House Council of Economic Advisors and Chief Economist for the President’s Invest in America Cabinet. Prior to joining the Biden administration, she was the President and CEO of the Washington Center for Equitable Growth, a think tank focused on advancing evidence-based policies to reduce inequality. In her role in the White House, she plays a crucial role in shaping economic policy and advising the President on issues related to labor, income inequality, and economic opportunity. Twitter: @hboushey46 Further reading: The Middle-Out Moment Is Here Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.

0:10.0

It's time to build our economy from the bottom up and the middle out, not the top down.

0:15.3

Middle out economics is the answer.

0:17.7

Because Wall Street didn't build this country.

0:20.0

Great middle class built this country.

0:22.2

The more the middle class thrives,

0:24.4

the better the economy is for everyone,

0:27.5

even rich people like me. This is pitchfork economics with Nick Hanauer, a podcast about how to build the economy from the middle out.

0:42.0

Welcome to the show.

0:44.0

If you can't tell from the tone of my voice, Nick, obviously you know, the COVID finally got me.

0:55.7

And it got me at a, unfortunately, at a conference in DC we were recently at.

1:01.7

I did get to catch the opening day. You were on a panel.

1:06.5

Give us a little heads up. What was it about? Because we're about to air some excerpts from it.

1:12.0

Yeah, so Goldie, we spent the week, last week in DC.

1:16.0

There was a conference hosted by the journal Democracy on middle out economics

1:22.0

and it was a who's who of people from the administration

1:26.4

and economic policy makers talking about what middle out economics is where it came

1:32.1

from how to do more of it, and how to defeat trickle down

1:35.8

and neoliberalism. And it was spectacular. I mean, it was a really incredibly interesting and lively couple of days.

1:47.8

And that first panel was headlined by me and my old friend Heather Bache, who's the chief economist for the Council of Economic

1:58.0

Advisors, you know, the funny part about this is that Heather and I go way, way way way back. Heather was at the Center for American

2:05.1

progress when I did a lot of work with them. She was one of the most consequential economic

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