Unf*cking The Republic

Unf*cking The Republic

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Unf*cking The Republic episodes

  • Why We’re Still Living in Milton Friedman’s Neoliberal World.

    More than 20 years after his death, we’re still living in the neoliberal world Milton Friedman made. The arc of neoliberalism begins in 1947, gathers steam in the 1970s, and reaches its zenith in the 1990s before breaking into a million pieces and forever out of the control of its progenitors. The story of Milton Friedman rises and falls along with it, and it’s a complicated one of ego, ambition and academic notoriety; a confluence of factors and foibles that came to define the modern economic age. This is the story of Milton Friedman, one of the principal architects of the modern world.

    Resources

    Subscribe to Current Affairs Magazine

    Current Affairs: We’re Living In the World That Milton Friedman Made

    Mises Institute: Friedrich A. Hayek

    The New York Times: The Great Liberator

    Ancestry: Jeno Saul Friedman

    Johan Van Overtveldt: The Chicago School: How the University of Chicago Assembled the Thinkers Who Revolutionized Economics and Business

    Britannica Money: Classical Economics

    International Adam Smith Society: About Adam Smith

    Britannica Money: David Ricardo

    Wikipedia: Jeremy Bentham

    Wikipedia: Cesare Beccaria

    Wikipedia: Laissez-faire

    Stanford Encyclopedia of Philosophy: Karl Marx

    Competition and Appropriation: Retrospectives: The Origins of Neoclassical Microeconomics

    Stanford Encyclopedia of Philosophy: William Stanley Jevons

    Econlib: Leon Walras

    Econlib: Alfred Marshall

    Harvard University: Raising Keynes: A Twenty-First-Century General Theory

    Jacobin: Right-Wing Populism Did Not Kill Neoliberalism

    C.J. Polychroniou: Economics and the Left: Interviews with Progressive Economists

    Quinn Slobodian: Hayek’s Bastards: Race, Gold, Iq, and the Capitalism of the Far Right

    The Mont Pelerin Society: About

    The Atlantic: The Heritage Foundation

    Current Affairs: Why Libertarians Oppose Civil Rights

    ProMarket: Aaron Director’s Legacy: The Beginning of Doubt is the Beginning of Wisdom

    Stanford Encyclopedia of Philosophy: Karl Popper

    Econlib: Ludwig von Mises

    Chicago Booth: George J. Stigler

    Free to Choose Network: The Power of Choice - Mont Pelerin Society

    Investopedia: Permanent Income Hypothesis: Definition, Function, and Effects

    Wikipedia: Natural rate of unemployment

    Investopedia: Monetarism Explained: Theory, Formula, and Keynesian Comparison

    Harris School of Public Policy: Permanent Income

    Federal Reserve Bank of St. Louis: The Fed and the Dual Mandate

    Bureau of Labor Statistics: The Employment Situation – September 2026

    Milton Friedman, Anna Jacobson Schwartz: A Monetary History of the United States, 1867-1960

    Binyamin Appelbaum: The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society

    Freien Universität Berlin: The Methodology of Positive Economics

    Social Science Encyclopedia: Milton Friedman On Economic Methodology

    Economic Reform Australia: The F-twist – realism, economic policy analysis and climate change

    CATO Institute: Who Said TANSTAAFL First?

    Milton Friedman: The Free Lunch Myth

    Milton Friedman: Taxation, Inflation, and the Role of Government

    Investopedia: Market Definition: Economics, Types, and Key Features

    Bernard Harcourt: The Illusion of Free Markets: Punishment and the Myth of Natural Order

    Current Affairs: Ralph Nader

    History: Auto safety crusader Ralph Nader testifies before Congress

    The New York Times: A Friedman doctrine‐- The Social Responsibility of Business Is to Increase Its Profits

    Scholarly Commons: Powell Memorandum: Attack On American Free Enterprise System

    The Heritage Foundation

    The Cato Institute

    The Manhattan Institute

    The American Legislative Exchange Council

    Brookings: What we learned from Reagan’s tax cuts

    PBS News: Column: How Reaganomics, deregulation and bailouts led to the rise of Trump

    Wikipedia: Personal Responsibility and Work Opportunity Reconciliation Act of 1996

    Free To Choose: The Original 1980 TV Series

    EdChoice: Milton Friedman on the Phil Donahue Show in 1979

    Investopedia: Stagflation Explained: What We Learned From the 1970s Crisis

    Investopedia: Understanding the Phillips Curve: Inflation and Unemployment Dynamics

    Investopedia: Demand-Pull Inflation: Understanding Causes and Differences from Cost-Push

    npr: Conservative Advocate

    U.S. News: Repeal of Glass-Steagall Caused the Financial Crisis

    C-SPAN: User Clip: Clinton: ‘Big Government Is Over’

    ProMarket: The Complicated Legacy of the “Chicago Boys” in Chile

    Center for the History of Political Economy: Slaves or Mercenaries: Milton Friedman and the Institution of the All-Volunteer Military

    C-SPAN’S American History TV: Milton Friedman debates government intervention

    Amnesty International: Chile: 50 years since the coup d’état, exercising historical memory is vital for the country’s future

    The Guardian: Guess what? Self-interest is bad for the economy

    The New York Times: What Would Keynes Have Done?

    The New Yorker: Covert Operations

    The Progressive: The Politics of Racial Resentment

    Current Affairs: A Trillion Dollars Isn’t Worth It If You Have to Be Elon Musk

    UNFTR Resources

    Video: Why We’re Still Living in Milton Friedman’s Neoliberal World.

    --

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    52 min
  • Phone A Friend: Francesca Fiorentini of The Bitchuation Room.

    The Bitchuation Room’s Francesca Fiorentini returns to UNFTR’s Phone A Friend to break down the midterms, what Democrats need to be focusing on next and how the current leadership isn’t up to the challenges ahead. Progressive politics often finds itself at a crossroads during election cycles. In this conversation, we look at how the establishment handles internal pressure and why the narrative surrounding the midterms remains so contentious. Francesca offers her perspective on the shifting dynamics of the left and what it means for the party base moving forward.

    Resources

    The Bitchuation Room (with Francesca Fiorentini)

    UNFTR Resources

    Video: Francesca Fiorentini: Dems vs The Future.

    Transcript: Phone A Friend: Francesca Fiorentini.

    --

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    50 min
  • On The Record (10-13-26).

    This week we connected some dots that should scare everyone—Russell Vought’s think tank’s 7 step playbook for refusing to seat elected members of Congress, a raid on Ilhan Omar’s home, and Trump name-dropping Vought as someone about to make history. Then we looked at France, where the eurozone’s version of our debt problem is playing out without the escape hatch of a sovereign currency (a useful reminder of exactly what we’d be dealing with if the dollar ever loses its privileged position).

    Chapters

    Intro: 00:00:38

    Quick Takes: 00:01:34

    Phone A Friend: 00:04:54

    Max Notes: 00:07:19

    Killer Left Take of the Week: 00:30:53

    Chart of the Week: 00:31:51

    Outro: 00:33:25

    Resources

    Today: Pete Hegseth Vows to Livestream Execution of Fort Hood Shooter

    ABC10: Why Trump is reopening his effort to remove Federal Reserve governor Lisa Cook

    PBS NewsHour: Kimberly Guilfoyle’s full speech at the Republican National Convention | 2020 RNC Night 1

    NewsNation: Kimberly Guilfoyle accuser speaks out: ’I paid her $300K’

    Ziwe: Hasan Piker Is an Iconic Guest

    The Bitchuation Room (with Francesca Fiorentini)

    Common Dreams: Israel Has Demolished Majority of Villages in Southern Lebanon—Mostly After the Ceasefire

    USA Today: Trump hints at ‘big surprises’ to come ahead of midterm election

    The Hill: Trump teases diesel announcement, big move from Vought

    The Wall Street Journal: What Might Russ Vought’s ‘Tremendous’ Surprise Actually Be?

    Bradley Onishi: American Caesar: How Theocrats and Tech Lords Are Turning America into a Monarchy

    CRA: Can Congress Seat a Member-Elect Who Vows to Destroy our Constitution?

    Politico: DHS agents search Rep. Ilhan Omar’s home

    Vote In Or Out: The Project 2025 Progress Report

    The Trump Tracker: What’s Been Implemented

    The Hill: Bill to claw back public media, foreign aid funds clears key Senate hurdle with Vance breaking tie

    Project 2025 Tracker

    Ray Williams: Project 2025: The Architects Are Taking a Victory Lap

    The Heritage Foundation: Project 2025 Publishes Comprehensive Policy Guide, ‘Mandate for Leadership: The Conservative Promise’

    Aeroswift Legal: The Orchestration

    ProPublica: “We Want the Bureaucrats to Be Traumatically Affected”

    ProPublica: The Shadow President

    CRA: Who We Are

    CRA: Policy Brief: Assessing the Marxist-Muslim Alliance Aimed at America’s Heart

    Library of Congress: Victor Berger: Topics in Chronicling America

    Britannica: Victor Berger

    Daniel Greenfield: The Constitutional Case for Keeping DSA Members Out of Office

    FindLaw: U.S. Code - Unannotated Title 2. The Congress § 26. Roll of Representatives-elect

    GovInfo: Enrolling Members; Administering the Oath

    United States House of Representatives: The Honorable Kevin F. McCumber

    Newsweek: Jeffrey Toobin on How Trump Could Intervene in Midterms

    Wikipedia: Gregory Bovino

    MPRnews: 24 hours after Bovino’s departure, ICE activity appears unchanged

    The Latin Times: Homan Warns Larger ICE Crackdown During Doral Speech: “Wait Until You See What We Do in 2027”

    The Latin Times: ICE Says It’s Deported 356,000 People This Year While 70% of Detainees Have No Conviction

    The Latin Times: Homan Says ICE ‘Isn’t Going Anywhere’: What His Threat Means for 5 Immigrant Hubs

    CBS News: Rep. Ilhan Omar’s D.C. home searched by Homeland Security investigators

    Reuters: US immigration authorities raid home of Democratic Trump critic Ilhan Omar

    DailyWire: ICE Investigating Rep. Ilhan Omar, Homan Confirms

    CNN: Rep. Ilhan Omar responds after federal officers search her home

    Zeteo: How Many Israelis Were Killed BY ISRAEL on October 7th?

    Paul Krugman: What’s the Matter With France?

    UNFTR Resources

    Video: On The Record 10-13-26 (Trump’s Secret October Surprise: What Is He Planning?)

    Episode: Project 2025.

    --

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    34 min
  • Omnibus (10-12-26).

    Max and 99 are back for another round of Omnibus. They hit headlines on what comes after hyperpolitics and whether the DSA becomes a career vehicle or a disciplining force, and the botched Tennessee execution. Then they tackle listener emails on the historical case that federal spending was never tied to tax revenue, what you’d call a hybrid of social democracy and democratic socialism, and the real estate collapse accelerating the credit crunch. Enjoy!

    Chapters

    Intro: 00:00:35

    Headlines: 00:05:33

    Emails: 00:33:21

    Beyond the Bullshit: 01:01:34

    Memberships: 01:19:21

    Outro: 01:19:40

    Resources

    The Guardian: Christa Pike is ‘up and walking’ for first time after failed execution, lawyer say

    Jacobin: What Comes After Hyperpolitics?

    --

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    Buy yourself some Unf*cking Coffee at shop.unftr.com.

    Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.

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    Intro music by Hold Fast.

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    1 hr 22 min
  • On The Record (10-06-26).

    This week we diagnosed the economy as a giant zit—good numbers on the surface, all of it concentrated in AI investment and stock market gains for the top 10%, while wages fall below inflation, consumer confidence hits a 12-year low, and the 10-year Treasury just blew past its 2007 peak. Then we looked at what the pop actually looks like: a private credit unwind that drags the banks with it, a Fed that can’t buy its way out this time, and Scott Bessent left holding the bag. The Buffett Indicator is sitting at 235%. Maybe that’s why he retired...

    Chapters

    Intro: 00:00:42

    Quick Takes: 00:01:24

    Max Notes: 00:06:35

    Killer Left Take of the Week: 00:21:10

    Chart of the Week: 00:22:15

    Outro: 00:23:16

    Resources

    CBS Sunday Morning: Alan Alda on fighting Parkinson’s with laughter

    This Past Weekend w/ Theo Von: Zohran Mamdani

    NBC News: U.S. bombers scrambled out of U.K. airbase after threats

    CNBC TV-18: Pete Hegseth’s ‘Just Warriors’ Speech: ‘No Fatties, No Wimps, No Radicals’

    Bloomberg Television: Brazil Real Surges After Bolsonaro Takes Surprising Lead

    ABC News: US monitoring reported fatal case of pneumonic plague in Russia

    WSWS.org: With complicity of media and Democrats, Trump prepares major escalation of Iran war

    ADP: National Employment Report

    Bureau of Economic Analysis: Personal Income and Outlays, August 2026

    The Conference Board: US Consumer Confidence

    U.S. Bureau of Labor Statistics: Employment Situation Summary

    Steve Rattner on Substack

    Schwab: Fed Hikes in 12-0 Vote, Commits to Inflation Fight

    Bloomberg: Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook

    Squire Patton Boggs: The Private Credit Market: The Data Behind the Headlines

    Federal Reserve: Monetary Policy Report – July 2026

    Federal Reserve Bank of New York: Remarks at 2026 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York City

    CNBC: Fed meeting recap: Warsh says inflation is still too high as Fed hikes for the first time since 2023

    Yahoo! Finance: Trump slams the Fed rate hike, says he told Warsh ‘you might as well vote with the board’

    CNBC: Warsh’s regime change at the Fed pushes ahead – and meets resistance

    CNBC: Warsh faces Fed independence test as Bessent moves in on central bank’s turf

    PWC: Private credit’s next phase — growth under pressure

    International Monetary Fund: Bank Lending to Nonbank Financial Institutions Continued To Increase Rapidly in 2025

    Democracy! Now: Lula vs. Bolsonaro (Again): Brazil’s Presidential Race Goes to Runoff as Right Wing Makes Gains

    MacroMicro: US - Total Market Cap (% of GDP)

    UNFTR Resources

    Video: On The Record 10-06-26 (Trump’s Economy is a Giant Zit.)

    Episode: Private Credit: Just Because We’re Not Talking About It Doesn’t Mean It’s Not a Problem.

    --

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    Intro music by Hold Fast.

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    24 min
  • Private Credit: Just Because We’re Not Talking About It Doesn’t Mean It’s Not a Problem.

    Private credit headlines have calmed down in recent months. It could be because these debt markets are doing just fine...or it could be because we’re too distracted by wars, exploding bond yields, and gas prices. But just because there haven’t been high-profile bankruptcies like last year’s First Brands or Tricolor doesn’t mean there isn’t trouble brewing in the opaque private credit markets. Consternation about these portfolios is growing: redemption requests are outpacing inflows, reports of massive payment-in-kind adjustments keep surfacing, and credit default swaps on private credit-backed loans are popping up. This crisis may not be as concentrated as the 2008 meltdown, but the numbers are bigger. And at the center of it all is a market we can’t see.

    Resources

    Federal Reserve: The Rise in Mortgage Defaults

    Bloomberg: SoftBank’s OpenAI Debt Gets Costlier, Riskier and Even Bigger

    The Japan Times: Apollo mulls raising SoftBank loan to $9 billion for OpenAI bets

    IFR: Trading frenzy builds in hyperscaler debt and CDS markets

    LSEG: Get ahead of the September index roll

    Yahoo! Finance: Alphabet, Meta, and Microsoft Are Hiding $3 Trillion in Debt On the AI Boom’s Hidden Ledger

    Yahoo! Finance: Blue Owl Capital (OWL) Ties Into Meta’s $50 Billion Hyperion Expansion

    Reuters: Private credit bosses hit back at ‘misinformation’ over First Brands collapse

    Reuters: Private credit roundup: Software marks and Blackstone’s backlog of redemptions

    Bloomberg: Private Credit Defaults Are 1%, 6% or 19%, Depending Who You Ask

    UNFTR Resources

    Video: How AI Debt Could Blow Up Private Credit.

    Essay: Private Credit: Just Because We’re Not Talking About It Doesn’t Mean It’s Not a Problem.

    --

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    19 min
  • Omnibus (10-03-26).

    Max and 99 are back for another round of Omnibus. They hit headlines on the Paramount-Warner merger as a preview of what oligarchs do when anyone tries to govern them, plastic fusing with coral reefs in a new phenomenon researchers are calling “plasticoral,” and rapid third-country deportations getting the Supreme Court’s temporary blessing. Then they tackle listener emails on whether this era is an aberration or just capitalism unmasked, DSA overreach and the pace of the left, and the real arguments against raising corporate taxes.

    Chapters

    Intro: 00:01:02

    Headlines: 00:24:06

    Emails: 00:34:33

    Memberships: 00:55:30

    Outro: 00:56:19

    Resources

    The New York Times: Supreme Court Allows Rapid Third-Country Deportations, for Now

    Big by Matt Stoller: Paramount-WB Isn’t Just a Loss, It’s a Prelude

    Wired: Plastic Is Melting Onto Corals

    Instagram: Hermit Crab Conservation Project

    UNFTR Resources

    Episode: The Montreal Protocol.

    Video: How AI Debt Could Blow Up Private Credit.

    --

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    58 min
  • On The Record (09-29-26).

    Despite only having between 95,000 and 120,000 members nationwide, the Democratic Socialists of America (DSA) has a hot political hand. To most Americans the DSA remains a mystery, but its impact is being felt in elections throughout the country. Conservatives are keeping one eye open but are largely dismissive. Establishment liberals are furious with the group. This episode puts the DSA in historical context and offers insight into how past challenges and current opposition present future opportunities for the social movement of record in the United States.

    Chapters

    Intro: 00:00:44

    Max Notes: 00:01:27

    Outro: 00:28:47

    Resources

    Commentary: The Democratic Socialist Congregation

    The Washington Post: Don’t fear a ‘Bolshevik revolution.’ It’s a DSA fairy tale.

    Americans for Prosperity: On Constitution Day, here are the ways the DSA agenda undermines America’s founding

    UNFTR Resources

    Video: On The Record 09-29-26 (The Rise Of The DSA: What You Need To Know.)

    --

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    33 min
  • It’s Just Trump Against the World.

    An original episode on how Trump will ultimately represent the final chapter of the American experiment. Empires don’t collapse. They crumble. But they’re reduced to a handful of chapters in history texts that depict them in stages with defined beginnings and ends. Donald Trump has already managed to set the stage for World War Three though it looks far different than prior great wars. He is the culmination of the hubris of empire. Here on my thoughts on how this goes down and what comes after. 

    Resources

    Washington Post: How Four U.S. Presidents Unleashed Economic Warfare Across the Globe

    UNFTR Resources

    Video: The Final Chapter: Trump and the End of the American Experiment.

    Essay: It’s Just Trump Against the World.

    --

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    31 min
  • Omnibus (09-27-26).

    Max and 99 are back for another round of Omnibus. They hit headlines on Carney’s airport privatization sellout and the Ebola outbreak in the DRC that’s on pace to be the worst the world has ever seen. Then they tackle listener emails on AI recursive self-improvement hype and the TESCREAL cult behind it, Greenland’s surrender of sovereignty to Trump, and why “regulation” is just a sanitized word for protection. Enjoy!

    Chapters

    Intro: 00:00:31

    Headlines: 00:13:20

    Emails: 00:28:40

    Memberships: 01:03:21

    Outro: 01:04:45

    Resources

    Subscribe to Current Affairs Magazine.

    Wired: The World Forgot About Ebola. The Organization Fighting It Has Never Been More Worried

    Canadian Dimension: Carney’s airport privatization is a looming disaster: ‘Highway 407 of the skies’

    UNFTR Resources

    Video: Why We’re Still Living in Milton Friedman’s Neoliberal World.

    --

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    Intro music by Hold Fast.

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    1 hr 6 min

About Unf*cking The Republic

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Unf*cking The Republic® (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights,…

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