4.8 • 1.5K Ratings
🗓️ 26 November 2024
⏱️ 46 minutes
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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. |
0:10.3 | It's time to build our economy from the bottom up and from the middle out, not the top down. |
0:15.8 | Middle out economics is the answer. Because Wall Street didn't build this country. Great middle class built this country. |
0:22.6 | The more the middle class thrives, the better the economy is for everyone, even rich people like me. |
0:34.4 | This is Pitchfork Economics with Nick Hanauer, a podcast about how to build the economy from the middle out. |
0:42.4 | Welcome to the show. |
0:50.0 | Goldie, today we're going to talk about one of our favorite subjects. |
0:53.3 | And, you know, when you're right, you're right, the world is definitely catching up to an idea that we've been kicking around for a long time, which is this idea of social housing, the idea of using government dollars, not necessarily tax dollars, but borrowed government money to develop workforce |
1:13.4 | housing in cities and use the public's power of the purse effectively to build housing at scale |
1:22.1 | and to keep the price of it at affordable rates. |
1:25.5 | When you say workforce housing, what we mean is housing affordable to the middle class. |
1:30.5 | Yes, correct. |
1:31.6 | To ordinary working people. |
1:34.0 | Humans. |
1:34.4 | People who aren't poor, people who aren't rich. |
1:38.1 | Rich like you. |
1:39.6 | Just people in the middle, you know, earning somewhere in that 80 to 120% of area median |
1:47.5 | income, the middle, middle class, which nothing is built for them. |
1:53.4 | That's right. |
1:54.3 | Nothing. |
1:55.0 | I mean, there's some subsidies for very low income housing. |
1:59.0 | There's a shit ton of expensive housing being built, but why would |
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