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Pitchfork Economics with Nick Hanauer

What Does Obama’s Chief Economist Think About Bidenomics? (with Jason Furman)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 28 May 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

This week, Nick and Goldy have a wide-ranging conversation with Jason Furman, who served as Chairman of the Council of Economic Advisers under President Obama. Furman brings a wealth of experience to the discussion, which covers America’s post-pandemic recovery, the global inflation crisis, and reviving industrial policy. He also provides insight into the overall impact of President Biden's policies on the broader economic landscape. Jason Furman is a prominent economist who served as the Chairman of the Council of Economic Advisers under President Obama from 2013 to 2017. He is currently a Professor of the Practice of Economic Policy at the Harvard Kennedy School and a Senior Fellow at the Peterson Institute for International Economics. Furman is known for his expertise in economic policy, particularly in the areas of tax policy, healthcare, and labor markets. Twitter: @jasonfurman 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.

0:15.4

Middle out economics is the answer.

0:17.8

Because Wall Street didn't build this country.

0:20.1

Great middle class built this country.

0:22.4

The more the middle class thrives the better the economy is for everyone even

0:28.0

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

There's been a lot of

0:48.0

there's been a lot of debate and very little consensus amongst economists, Nick, over the state of the economy the past year or so, its prospects, and the role of President Biden's policies on the economy and pretty

1:09.0

prominent at least in some of the online the social media debate has been a former Obama

1:15.9

economist Jason Furman that's right oh jason right yeah I do know him a little bit

1:20.9

and you know he was a very he's a very prominent economist who served as the chairman of the council economic advisors

1:28.0

under president Barack Obama from 2013 to 2017

1:36.9

he's currently a professor of the practice of economic policy at Harvard Kennedy School and he's also a senior fellow at the Peterson

1:41.0

Institute.

1:42.6

Jason obviously has been in the economics game

1:44.9

for a long time, has been a sometime critic of the Biden

1:51.2

administration, sometimes supportive, but I think it will be really interesting

1:56.4

to get his aggregate take on how they're doing and what's going on.

2:01.8

Because it's very easy to take a critique out of context

2:05.1

and go after it.

...

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