In a special emergency-ish episode, Bloomberg's Conor Sen joins the show to discuss a buffet of economic and financial fears, including a disappointing jobs report, a meltdown in global stocks, the "carry trade" heard round the world, the smartest criticisms of (and smartest defense of) the Federal Reserve's decision not to raise interest rates, and more.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: Conor Sen

Producer: Devon Baroldi

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Derek offers his thoughts on Kamala Harris, the new 2024 reality, and gender polarization in the "boys vs. girls" election. Then we talk about the spam apocalypse. The average American receives one spam call or text every single day, adding up to tens of billions of robocalls and texts per year. Derek welcomes Joshua Bercu, the executive director of Industry Traceback Group, to talk about the history and technology behind robocalls and texts, why it’s been so hard to hold robocallers accountable, how spammers do that thing where they make a call look like it’s coming from a local friend, how we've managed to crush certain kinds of robocalls, and what it would take to finally win the war on spam.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: Joshua Bercu

Producer: Devon Baroldi

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It is a general rule of thumb that richer societies are happier societies. This is true across countries, as GDP and life satisfaction are highly correlated. And it is true across time. Countries get happier as they get richer. But there is a caveat to this general principle. Which is that the United States is not nearly as contented as its gross national income would predict.

In fact, the U.S. is, as we’ve covered on this show, in a bit of a gloom rut. It has now been nearly two decades since a majority of Americans have told pollsters at NBC that they’re satisfied with the way things are going. This hope drought has no precedent in modern polling. NBC itself reported that “We have never before seen this level of sustained pessimism in the 30-year-plus history of the poll.”

Polls show that faith in government, business, and other institutions is in free fall—especially among conservatives. But they also show that conservatives are generally happy with their life and in their relationships. If conservatives have happiness without trust, American progressives seem to have trust without happiness.

In a recent paper called “The Politics of Depression,” published by the journal Social Science & Medicine–Mental Health, the epidemiologist Catherine Gimbrone and several coauthors showed that young progressives are significantly more depressed than conservatives, have been for years, and the gap is growing over time. Other studies, including the General Social Survey, show the same.

Why are young progressives so sad? Today’s guest is Greg Lukianoff, the president and CEO of the Foundation for Individual Rights and Expression (FIRE) and coauthor of ‘The Coddling of the American Mind.’ He has written intelligently, critically, and emotionally about happiness, depression, politics, and progressivism.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: Greg Lukianoff

Producer: Devon Baroldi

Links:

"People in Richer Countries Tend to Be Happier" https://ourworldindata.org/happiness-and-life-satisfaction

"The Politics of Depression" by Catherine Gimbrone et al https://www.sciencedirect.com/science/article/pii/S2666560321000438

"How to Understand the Well-Being Gap Between Liberals and Conservatives" by Musa al-Gharbi https://americanaffairsjournal.org/2023/03/how-to-understand-the-well-being-gap-between-liberals-and-conservatives/

"The Coddling of the American Mind" The Atlantic essay by Jonathan Haidt and Greg Lukianoff https://www.theatlantic.com/magazine/archive/2015/09/the-coddling-of-the-american-mind/399356/

‘The Coddling of the American Mind’ [book] https://www.amazon.com/Coddling-American-Mind-Intentions-Generation/dp/0735224897

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On today's episode: the state of American politics and the future of America's economy. Derek discusses a media myth in the aftermath of the failed Trump assassination attempt and reviews three basic truths about Joe Biden's doomed presidential bid. Then, Chicago Fed president Austan Goolsbee joins the show to answer Derek's blunt question, "Are you going to cut rates next month?" Plus, they discuss the Federal Reserve, how it works, how he sees the economy, whether high rates are constraining housing production, and whether Trump's signature economic policy idea—high tariffs in an age of global inflation—would help the U.S. economy. (TLDR: No.)

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: Austan Goolsbee

Producer: Devon Baroldi

Links:

“Stop Pretending You Know How This Will End,” Derek Thompson, The Atlantic

“Hit or Miss? The Effect of Assassinations on Institutions and War,” by Benjamin Jones and Benjamin Olken

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Skyrocketing rates, shrinking affordability: The U.S. housing market is a mess. It's also a bit of a mystery. Why are prices still sky-high, even though many measures of demand are weak? If the supply of new homes is nearing a historic high, how come the inventory for existing homes is close to a historic low? Today's guests agree that this is one of the weirdest housing markets in recent history. Mike Simonsen, president founder of Altos Research, and Lance Lambert, cofounder and editor-in-chief of Residential Club, join to talk about the state of the U.S. housing market—what makes it ugly, what makes it weird, and what would have to happen to make it better.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guests: Mike Simonsen & Lance Lambert

Producer: Devon Baroldi

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Joe Biden's disastrous debate performance has created a crisis for the Democratic Party and a set of interlocking debates about whether the White House—or the White House media—covered up his cognitive decline. The Atlantic’s Mark Leibovich, who first wrote that Biden should drop out of the race two years ago, joins to discuss Biden campaign strategy and the hypocrisy of many Democrats who refused to state publicly what they knew privately: that Biden's age-related blunders were getting more serious. Then we are joined by the busiest man in media, Alex Thompson, political correspondent of Axios, who has absolutely dominated this story in the past week. As a group, we talk about Biden’s age, the Democratic campaign strategy—Project "Bubble Wrap"—that is blowing up in their faces, the failures of the political press and Democratic operatives to see what’s in front of their noses, and the chances that Kamala Harris will imminently replace Joe Biden as the Democratic presidential nominee.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guests: Mark Leibovich & Alex Thompson

Producer: Devon Baroldi

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In the first five decades of the 20th century, the number of serial killers in the U.S. remained at a very low level. But between the 1950s and 1960s, the number of serial killers tripled. Between the 1960s and 1970s, they tripled again. In the 1980s and 1990s, they kept rising. And then, just as suddenly as the serial killer emerged as an American phenomenon, he (and it really is mostly a he) nearly disappeared. What happened to the American serial killers? And what does this phenomenon say about American society, criminology, and technology?

Today's guest is James Alan Fox, the Lipman Family Professor of Criminology, Law, and Public Policy at Northeastern University. The author of 18 books, he has been publishing on this subject since before 1974, the year that the FBI coined the term "serial killer."

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: James Alan Fox

Producer: Devon Baroldi

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We've done several podcasts on America's declining fertility rate, and why South Korea has the lowest birthrate in the world. But we've never done an episode on the subject quite like this one.

Today we go deep on the psychology of having children and not having children, and the cultural revolution behind the decline in birthrates in America and the rest of the world. The way we think about dating, marriage, kids, and family is changing radically in a very short period of time. And we are just beginning to reckon with the causes and consequences of that shift. In the new book, 'What Are Children For,' Anastasia Berg and Rachel Wiseman say a new "parenthood ambivalence" is sweeping the world. In today's show, they persuade Derek that this issue is about more than the economic trends he tends to focus on when he discusses this issue.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guests: Anastasia Berg & Rachel Wiseman

Producer: Devon Baroldi

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Today’s episode is about the science of breathing—from the evolution of our sinuses and palate, to the downsides of mouth breathing and the upsides of nasal breathing, to specific breath techniques that you can use to reduce stress and fall asleep fast. Our guest is James Nestor, the author of the bestselling book 'Breath: The New Science of a Lost Art.'

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: James Nestor

Producer: Devon Baroldi

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What do most people not understand about the news media? I would say two things. First: The most important bias in news media is not left or right. It’s a bias toward negativity and catastrophe. Second: That while it would be convenient to blame the news media exclusively for this bad-news bias, the truth is that the audience is just about equally to blame. The news has never had better tools for understanding exactly what gets people to click on stories. That means what people see in the news is more responsive than ever to aggregate audience behavior. If you hate the news, what you are hating is in part a collective reflection in the mirror. If you put these two facts together, you get something like this: The most important bias in the news media is the bias that news makers and news audiences share toward negativity and catastrophe. Jerusalem Demsas, a staff writer at The Atlantic and the host of the podcast Good on Paper, joins to discuss a prominent fake fact in the news — and the psychological and media forces that promote fake facts and catastrophic negativity in the press.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: Jerusalem Demsas

Producer: Devon Baroldi

Links:

"The Maternal-Mortality Crisis That Didn’t Happen" by Jerusalem Demsas https://www.theatlantic.com/ideas/archive/2024/05/no-more-women-arent-dying-in-childbirth/678486/

The 2001 paper "Bad Is Stronger Than Good" https://assets.csom.umn.edu/assets/71516.pdf

Derek on the complex science of masks and mask mandates https://www.theatlantic.com/newsletters/archive/2023/03/covid-lab-leak-mask-mandates-science-media-information/673263/

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