What is the Tea Party?

The 2008 Crisis Lives On:The 2008 financial crisis reshaped the economic and political landscape of the U.S. in profound ways. One result of the crisis was the emergence of the Tea Party, and in this episode Jon and Lev try to define what it was, and how it redefined the Republican party and, indeed, the republic. 

 

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"They were savage and bitter, especially the middle-aged and old...Their boredom becomes more and more terrible. They realize they've been tricked and burn with resentment...Nothing can ever be violent enough to make taut their slack minds and bodies."- The Day of the Locust, Nathanael West (1939)

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Salesmen in the operating room

The 2008 Crisis Lives On:In this episode Jon and Lev dive into the weeds of Dodd-Frank. They rank the best parts of the law, and explore the ways lobbyists chipped away at it once public attention focused elsewhere. 

 

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Stimulus: A new New Deal?

The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it: If it fails, admit it frankly and try another. But above all, try something.

- Franklin D. Roosevelt, 1932

The 2008 Crisis Lives On:Jon and Lev discuss fiscal stimulus in the wake of the '08 crisis, compare FDR's New Deal to Obama's Recovery Act, and list as many 1930s NYC public works infrastructure projects as they can. 

P.S. The audio sounds so much better! Thanks Timmy!

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How Bad Was It?

The 2008 financial crisis caused the worst economic downturn since the 1930s. Millions of people lost their homes and jobs here in the U.S., and financial losses were in the trillions of dollars globally. In the last episode we discussed the economic costs of the credit crisis, this episode we go further into the data and explore the political ramifications (plus the heroin epidemic, labor force participation and videogames, and astrology).

YOU CAN CONTACT US AT ACORRECTIONTEAM@ACORRECTIONPODCAST.COM

MINSKY AND GREENSPAN (AND RAND)! WELCOME TO SEASON 3

In the first episode of the third season, Lev and Natalie look at two economic giants and one giant who has a lot of influence on economic thought: Hyman Minsky, Alan Greenspan and Ayn Rand. 

*Music in this episode: "Main Event" by Kesta, "Tropics" by beat.dowsing, "Equatorial Lies" by Hayvanlar Alemi

Episode edited by Natalie P. 

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YOU CAN CONTACT US AT ACORRECTIONTEAM@ACORRECTIONPODCAST.COM