The Time of Monsters with Jeet Heer

The debate over the causes of inflation is heating up and showing an important divide in the discipline of economics. Mainstream economists like Larry Summers blame it on rising wages and recommend interest rate hikes to cool the economy by raising unemployment. But other scholars, notably Isabella Weber of the University of Massachusetts, have a different theory: they argue inflation is due to price gauging made possible by the Covid emergency and the Russian invasion of Ukraine. Weber’s ideas, which are gaining traction, suggest the solution is price control.The possibility that establishment economics is losing its dominance over policy is making some economists angry. There’s been a vicious backlash to Weber’s work. To talk about the inflation debate and other examples of heterodox thinking on the rise, as well as the circling-the-wagon approach of the discipline, I talked to Marshall Steinbaum, an economist at the University of Utah and a Senior Fellow at the Jain Family Institute. On this episode of The Time of Monsters, we range widely over the discipline of economics and the unseemly hissy fit of many leading practitioners. Marshall’s twitter account can be followed here. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Pat Robertson, who died at age 93, was a much hated figure on the left and for good reason. For many decades, through his television show, The 700 Club, and in his frequent interventions in political debates, he’s been one of America’s most prominent voices for the religious right: a sexist and homophobic preacher with a wide audience.Unfortunately, Robertson left a large legacy, which we need to reckon with. To do so, I spoke with the journalist Sarah Posner, who writes frequently on the intersection of politics and religion. She is the author of the book Unholy, about white evangelical support for Donald Trump. Sarah also wrote a very fine essay for Talking Points Memo about Robertson’s role in creating an infrastructure of right-wing lawyers who are pushing the religious right’s agenda through the courts and the policy ranks of the Republican Party. On this episode of The Time of Monsters, Sarah and I talk about Robertson’s background as the son of Democratic senator, his distinctive brand of charismatic Christianity which has been gaining force, his conspiracy theories and sundry bigotries, and the support he gets from more mainstream institutions such as AIPAC. Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Accelerating the shift to electric vehicles (EVs) is a centerpiece of Joe Biden’s climate policy. In making this push, the most likely choke point will come not from the car companies but from car dealers. Slate writer Alexander Sammon recently attended the annual conference of the National Automobile Dealers Association (NADA) and filed a fascinating report detailing just how adamantly opposed dealers are to EVs on both ideological grounds (most dealers are staunch conservatives) and economic ones (EVs require less repair, a major source of dealer profit). The article is unusually rich and I highly recommend reading it. I talked to Alexander about his report and the larger politics of auto dealership. We discuss how dealers are rent seekers who benefit from policies that stifle change and harm the consumers. They also form the economic and organizing backbone of the GOP. We also address a critique of his piece by policy analyst Matt Stoller.Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

After months of teasing voters and reporters, Florida Governor Ron DeSantis has finally launched his presidential bid. He did it on an unusual platform: Twitter Spaces. The launch was widely viewed as a bungle because of its small audience and many technical glitches.Even if was a fiasco, it was significant as an example of Elon Musk trying to remake himself as a right-wing media mogul, a Rupert Murdoch of the digital age. To better understand what DeSantis and Musk are up to, I talked with Parker Molloy, who runs the fine newsletter The Present Age.Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Joe Biden has a divided mind when it comes to the Republican Party. On the one hand, he’s all to aware that the GOP has become radicalized and is an existential threat to American democracy. On the other hand, Biden, drawing on his many decades in Washington, is drawn to the idea of bipartisan compromise and acts as if it is his duty to elevate the more moderate wing of the Republican party. We can see the two sides of Biden’s approach to the opposition party as he tries to navigate through the debt ceiling crisis. Biden has acknowledged the idea of taking the debt ceiling weapon off the table by invoking the Fourteenth Amendment even as he has also indicated a willingness to cut a deal. It's unclear which side of the equation will win. To take up the issue of Biden’s handling of the GOP and the debt ceiling crisis, I spoke with Brian Beutler, the editor-in-chief at Crooked Media. Brian edits a very fine newsletter, Big Tent, which can be found here.Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Over the last thirty years, Republicans, when in control the House of Representatives, have repeatedly used the debt ceiling to force Democratic presidents to make draconian budget cuts. This drama took place under both Bill Clinton and Barack Obama. We are now witnessing a replay under Joe Biden. Under pressure from divergent political forces, Biden is being forced to make a choice between negotiating with the Republicans or figuring out a way to squash the debt ceiling threat.In a recent statement, Jeff Hauser, founder of The Revolving Door Project, makes the case for a direct fight: “GOP leaders have sent a wildly exploitative ransom note to the public. The administration should not accept its terms. Biden, Yellen, and Garland have many executive branch pathways to avoid doing so, including by refusing to defend the debt ceiling against the recent lawsuit from government employees arguing that it is unconstitutional for the federal government to not pay its debts. The Biden Administration must not cave in to extremists and overwrite the best of the administration’s legacy merely in order to sustain the legal incoherence that is elites’ understanding of the debt ceiling.” I spoke to Jeff about the dangers of the debt ceiling as a threat to the constitutional order and how Biden can fight it.Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The emerging scandals at the Supreme Court are only getting worse with new revelations about Clarence Thomas and his wife Ginni being the beneficiaries of plutocratic largess. But it remains unclear whether the Democrats can mount an effective attack that uses the scandal to reform the courts. To discuss how gridlock and a lack of political will is allowing a constitutional crisis to fester, I spoke with Alexander Sammon, a political writer for Slate. He provides an expert tour of both the scandals and also of the completely inadequate political response, as well as providing some insights on how Democrats could use their existing power to actually reign in an increasingly lawless judiciary.Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This has been an eventful week in both the news media and social media. Tucker Carlson was apparently fired from Fox News. Meanwhile, Twitter under the aegis of Elon Musk continues to be in turmoil as it changes verification policies, to the irritation of longtime users. To make sense of it all, I talked to Ryan Cooper, managing editor of The American Prospect. Ryan has produced a fascinating Youtube video about the journalist Matt Taibbi, a one-time muckraking radical who in recent years has increasingly aligned himself with the reactionary agenda of Carlson and Musk. As it turns out, Taibbi’s trajectory provides a perfect storyline for tracing recent changes in the media and also the disturbing tendency of some former leftists to shift right under the impetus of the culture wars.Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The victories of Brandon Johnson in Chicago and Janet Protasiewicz in Wisconsin are the latest signs that the upper Midwest, after a long period of trending right, is now the home of a liberal and left resurgence. Chris Lehmann, who surveyed the region in a recent column for the Nation, joins the podcast to talk about this development. We look at the history of how the “Blue Firewall” that helped Obama win in 2012 became a cornerstone of Trump’s victory in 2016, the disastrous impact of the 2010 midterms, the GOP campaign (aided by Koch-family money) to create permanent Republican power in the region using gerrymandering, and the counterattack led by grass-roots activism and union organizing. In discussing the recent liberal resurgence, we examine the impact of social issues (notably abortion and trans rights) and economic issues (notably workers’ rights and trade). We also contrast the politics of Illinois, Wisconsin, and Michigan (where the Democrats are finding their footing) with Iowa (where the right continues to be ascendant). Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

While the arrest of former president Donald Trump on 34 counts of falsifying business record can be welcomed as a rare example of accountability for the elite Americans, the actual case will have to be tested in court. My colleague Elie Mystal has written an important column cautioning against having high expectations. The fact is the case brought by Manhattan D.A. Alvin Bragg is for one of Trump’s lesser offenses (compared to ongoing investigations over obstruction of justice, over attempted influencing of election officials, over incitement of the January 6 attempted coup, and over handling of classified documents, among other matters).Further, this particular case against Trump has to clear some high legal hurdles. On this episode of The Time of Monsters, I talked to Elie about Trump’s legal status, why we should welcome the former president’s arrest, why we should be clear-eyed about how far the court case can go, and how MAGA Republicans are using this case to foment racism.Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy