PODCAST · society
The New Bazaar
by Economic Innovation Group
Through long-form interviews with economists, policymakers, and other guests, The New Bazaar explores how the economy is constantly reshaping the way we live — and how our choices in life are reflected back into the economy. Hosted by Cardiff Garcia, The New Bazaar is a production of the Economic Innovation Group. Hosted on Acast. See acast.com/privacy for more information.
Episodes
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Adam’s Top Five Unpopular Economic Beliefs
EIG Chief Economist Adam Ozimek joins Cardiff to share his five favorite unpopular beliefs. Adam believes these ideas are true, even if others may find them contentious, perhaps even contemptible. Adam tries to persuade Cardiff and New Bazaar listeners that… Prediction markets are going great...
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Sex, Drugs, and Death
Economist Alvin Roth, winner of the economics Nobel in 2012 for his work on market design, joins Cardiff to discuss his new book, Moral Economics: From Prostitution to Organ Sales: What Controversial Transactions Reveal About How Markets Work. The book is about morally contested markets:...
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Debt and Deficits: Time to Worry?
Martha Gimbel, executive director of The Budget Lab at Yale, returns to the New Bazaar to chat with Cardiff about all things debt and deficits. Martha argues that the fiscal choices of the past decade have already led to higher costs on mortgages, car loans, and small-business debt. She and…
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AI Shock vs the China Shock
The China Shock of the 1990s and 2000s remains, even now, the subject of much debate. American consumers benefited from the cheaper goods that were imported from China. Some American businesses also benefited from importing cheaper equipment that was made in China. But other American businesses...
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A City From Scratch
This episode is about an ambitious project to erect an entire new city in California, from scratch, about a one-hour drive north of San Francisco. The company that wants to build this city is called California Forever. It has bought about 70,000 acres of land in Solano County, starting in 2017....
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Ideas for a Post-YIMBY Housing Future
Arpit Gupta, a finance professor at NYU who has made important contributions on a startingly high number of topics, speaks with Cardiff about his latest contributions to the study of housing affordability, remote work, artificial intelligence, and finance. Arpit is on board with the basic YIMBY...
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The Roots of our Zero-Sum Moment
Stefanie Stantcheva is an economist at Harvard and the head of the Social Economics Lab, where her team has done extraordinary work investigating how people form their opinions about economic and political topics. That work was the subject of an earlier New Bazaar episode. In this episode…
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AI and the Human Touch
EIG chief economist Adam Ozimek chats with Cardiff Garcia about Adam’s new post, AI and the Economics of the Human Touch. An excerpt: Either AI is so useless that we are in the middle of a bubble that’s about to burst and take the economy down with it, or AI is so powerful it’s going to replace…
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Crime, Leniency, and the Science of Second Chances
Jen Doleac is an economist and the director of the Criminal Justice program at Arnold Ventures. She joins Cardiff on the show to chat about her upcoming new book, “The Science of Second Chances: A Revolution in Criminal Justice”. From the book jacket: Freakonomics for criminal justice, The…
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The Licensing Racket
Nearly 30 million workers, or roughly one in five workers throughout the country, are required to have a professional license before they can do their jobs. That’s more than twice the number of workers who belong to unions. And it’s almost ten times the number who earn the minimum wage. But in...
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The surprising economics of the world’s most valuable asset
Mike Bird, the Wall Street editor of The Economist, joins Cardiff to discuss his new book, The Land Trap: A New History of the World’s Oldest Asset. By one estimate, the value of land makes up roughly a third of all the wealth in the entire world. Add the houses and commercial buildings on top of...
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Lessons of the Rare Earths Showdown
How can the United States make its economy more resilient not just to future economic shocks but the threat of such shocks from its geopolitical rivals? Arnab Datta has spent years working on this very question. In the immediate aftermath of the recent rare earths showdown between America and...
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Housing and the Politics of Place
What accounts for the astonishing streak of YIMBY wins this year — and which concessions, if any, should they consider offering to the NIMBYs? Should the center-left Abundance faction be trying to persuade conservatives and not just progressives? Do struggling places need more market-based...
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Attention and the Possibility of Persuasion
Jerusalem Demsas is one of Cardiff’s favorite econ and housing journalists, a previous New Bazaar guest, and now the founder and editor of The Argument, a new magazine dedicated to making “a positive, combative case for liberalism through sharp, well-argued opinion pieces, original reporting, and...
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Is the US about to fix its housing problem?
The ROAD (Renewing Opportunity in the American Dream) to Housing Act is a bipartisan bill now making its way through Congress. And as today’s guest, Alex Armlovich, and his colleagues at the Niskanen Center argue, it is “the first comprehensive bid to tackle the roots of America’s affordability...
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Bubbly markets and the TACO trade
Rob Armstrong is the writer who first coined the acronym in The TACO Trade, which stands for Trump Always Chickens Out, in a column back in April. He wasn’t trying to go viral, much less have the acronym circulate throughout Wall Street and the media, much less have President Trump be asked about...
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AI and Jobs: What Do We Really Know?
Will artificial intelligence help you do your job, or will it just straight-up do your job and leave you unemployable? Or will the future bring something else entirely — either between those two extremes or a world that we simply cannot imagine yet? And are we already starting to see signs of…
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The US-China Trade War: Causes and Consequences
It's hard to think of a better guide to the ongoing US-China trade war than Evan Medeiros. A professor at Georgetown University's School of Foreign Service and a lifelong scholar of the US-China relationship, Evan is also the co-author (with James Polk) of a new study, China's New Economic…
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Tariffs and the global fallout
Chad Bown is not just among the world’s most respected trade economists. He is also perhaps the single most careful tracker of real-time trade activity — which obviously makes him the best possible guest to explain the consequences of US President Donald Trump’s decision on April 2nd to impose…
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Post-Bidenomics and what comes next
Joining Cardiff for this episode is Jared Bernstein, who was most recently the Chair of the Council of Economic Advisors for President Joe Biden following a long career in economic policy and public service. Jared shares with Cardiff his thoughts on the current economic moment, the achievements…
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High-skilled Immigration: The Way Ahead to Stay Ahead
On today’s episode, Cardiff chats with his EIG colleagues Adam Ozimek, chief economist, and Connor O’Brien, research analyst, about the one policy that achieves all three of the following goals simultaneously: It massively boosts the rate of economic growth through its effects on…
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AI and the Global Battle for Tech Supremacy
It’s not often that someone comes up with a new, provocative, and persuasive theory about the competition between the US and China to be the world’s leading economic and technological superpower. The topic is so salient right now, the source of so much commentary, that it’s hard to say something...
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Election freakouts and American workers
How close is the 2024 presidential election? Here is how the New York Times framed it recently: “Never in modern presidential campaigns have so many states been so tight this close to Election Day. Polling averages show that all seven battleground states are within the margin of error, meaning…
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How to Slay Economic Zombies
What is the right foreign economic policy toward China? Did the Fed cut rates in time to avoid a recession? Have agglomeration economies been changed by work-from-home and the dematerializing economy? On September 21st, Paul Krugman joined host Cardiff Garcia live on stage for a sweeping...
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Is the Introvert Economy here to stay?
"The introverts have taken over the US economy." That's the provocative title of a recent Bloomberg column from economist Allison Schrager. As she looked into the data on how Americans have been spending their time since the pandemic, she noticed that they are spending less time socializing with...
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Immigration and the border: the real story
When people talk about the crisis at the border between the US and Mexico, what specifically are they referring to? The Department of Homeland Security keeps track of a statistic called “border encounters” at the US border with Mexico. This includes primarily the large number of people who try to...
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If econs could hoop
Who is the Magic Johnson of economics? Who was the Adam Smith of basketball? On this fun and oddball episode of The New Bazaar, Cardiff speaks with Tyler Cowen, economist and author of GOAT: Who is the Greatest Economist of all Time and Why Does it Matter? Inspired by the sportswriter Bill…
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Hoop dreams of electric sheep
Seth Stephens-Davidowitz has unusually written an unusual book. The data analysis included in "Who Makes the NBA?: Data-Driven Answers to Basketball's Biggest Questions" normally would have taken Seth, a trained economist, multiple years of writing and running code. But because of new artificial...
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A glimpse inside Biden’s CEA
Martha Gimbel and Gopi Shah Goda were formerly economists within the White House Council of Economic Advisors, or CEA. They look back on their time inside an important economic policymaking institution, telling Cardiff about: Their favorite projects Toughest assignments The relationship between…
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Angus Deaton on life in America
Angus Deaton—Scottish immigrant, Nobelist, and one of Cardiff's favorite economists—has written a new, forthcoming book titled Economics in America: An Immigrant Economist Explore the Land of Inequality. It’s great, if also hard to categorize. Partly it’s a memoir, about his humble origins in...
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How Vince McMahon built an entertainment empire
We're sharing another episode of a podcast we think you might like. It's called The Closer and it's hosted by executive producer of The New Bazaar, Aimee Keane. In each episode, Aimee speaks to dealmakers and insiders about landmark financial deals that have changed our lives in some way. In this...
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William Bernstein on stocks, bonds, and the economy
These are confusing times for the economy and for financial markets—and for the relationship between the economy and financial markets. At the moment the economy is doing well. The labor market is still creating hundreds of thousands of jobs each month. Unemployment is low. Inflation has come…
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The economics of innovation
Within economics, there's a semi-famous quote from the economist Paul Krugman: “Productivity isn't everything, but in the long run, it's almost everything.” Krugman’s point is that ultimately, how much productivity climbs each year—roughly speaking, how much more efficient an economy’s workers...
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Inside Facebook's biggest acquisition
We're sharing a special episode of a podcast we think you might like. It's called The Closer and it's hosted by executive producer of The New Bazaar, Aimee Keane. In each episode, Aimee speaks to dealmakers and insiders about landmark financial deals that have changed our lives in some way. In…
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How to save democratic capitalism
The combination of a markets-based capitalist economy and a liberal democracy with almost-universal suffrage is very young, having existed for barely more than a century. But what we’ve learned in that short time is that there has never been a more successful political and societal arrangement....
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Macro Musings with David Beckworth
This is a special episode from the podcast Macro Musings, hosted by economist David Beckworth. David interviews Cardiff along with Heather Long of the Washington Post and Ryan Avent of The Economist about their reflections on the last three years. What they got wrong, what they got right, what...
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Artificial intelligence and the economy of the future
Joining Cardiff for this episode is Avi Goldfarb, Rotman Chair In Artificial Intelligence and Healthcare At The Rotman School Of Management, University Of Toronto, and the co-author (with his fellow economists Ajay Agrawal and Joshua Gans) of an excellent new book, "Power and Prediction: The...
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160 years of the racial wealth gap
This is a special, between-the-seasons episode of the New Bazaar. Right now, the white-to-black wealth ratio in the United States is roughly 6 to 1. Which means that when you add up all the wealth that someone can own—their cash, the value of their house, their investments in the stock market…
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What do we think?
This is the 50th (!) episode of The New Bazaar, and the Season 1 Finale. Cardiff and Aimee are planning to launch Season 2 later in the fall, and even before then will be airing a few surprise bonus episodes in September and October. Cardiff shares a bit more about future plans at the end of...
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The moral consequences of economic growth, revisited
Benjamin Friedman is an economist and the author of The Moral Consequences of Economic Growth (2005) and Religion and the Rise of Capitalism (2021). He joins Cardiff to revisit the ideas in Moral Consequences, one of Cardiff’s favorite economics books, which argues that sustained economic growth...
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Upending Wall Street
Dakin Campbell is the chief finance correspondent at Insider and, full disclosure, Cardiff's close friend. He joins Cardiff on the show to discuss his new book, “Going Public: How Silicon Valley Rebels Loosened Wall Street’s Grip on the IPO and Sparked a Revolution”. When a company is relatively...
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Inflation: a guide for the perplexed
Here are three things to know about inflation. First, according to a survey of public opinion by Pew Research taken in May, the public views inflation is the single biggest problem facing the country. And—this is a direct quote from Pew Research—”no other concern comes close”. Second, inflation...
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Your questions, answered!
Cardiff and Aimee answer your questions about markets, the economy, the first season of the podcast and our company, Bazaar Audio. Go to bazaaraudio.com to find the full list of recommended links from the episode.
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The hopeful, undetermined future of remote work
This episode is all about remote wok. (Or as it is also sometimes known, telework, or telecommuting, or just working from home.) The trend towards remote work has accelerated a lot during the Covid pandemic, as is clear in the data. What we don’t yet know is how much of the trend will last. And…
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The life and work of Leonard Wantchekon
As a young man in his native Benin, Leonard Wantchekon was arrested for leading a student uprising against the repressive government, tortured in prison, and 18 months later escaped from prison into Nigeria. Nearly four decades later, he is now a Princeton economist and the founder of the African...
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How monetary policy works (and doesn't)
Skanda Amarnath is the executive director of Employ America, an organization that advocates for strong labor markets. He recently published a research note titled "What Are You Expecting? How The Fed Slows Down Inflation Through The Labor Market", in which he and co-author Alex Williams explores...
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An economy for everyone
Martin Sandbu is European Economics Commentator at the Financial Times, where he also writes Free Lunch, a weekly newsletter about global economic policy. And he’s the author of The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All, which has just...
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Shattering immigration myths
Economic historian Leah Boustan joins Cardiff to discuss her new book, "Streets of Gold: America's Untold Story of Immigrant Success", co-authored with Ran Abramitsky. This wonderful book complicates and in some cases contradicts many of the prevailing myths and impressions of how immigration...
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The economy in one (more) episode
Matt Klein, co-author of "Trade Wars are Class Wars" and old friend of the show, returns for another special collaborative episode. Matt writes the excellent Overshoot newsletter, where he is posting additional commentary and charts to accompany this chat with Cardiff. Check it out and subscribe!...
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Finance portrayed in arts and culture
Mary Childs—author of The Bond King, cohost of the Planet Money podcast, and dear pal of Cardiff and Aimee—joins The New Bazaar to discuss how finance is portrayed in culture and the arts. Mary is both a finance journalist and herself a recreational painter with a comprehensive knowledge of the…
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ABOUT THIS SHOW
Through long-form interviews with economists, policymakers, and other guests, The New Bazaar explores how the economy is constantly reshaping the way we live — and how our choices in life are reflected back into the economy. Hosted by Cardiff Garcia, The New Bazaar is a production of the Economic Innovation Group.
Hosted on Acast. See acast.com/privacy for more information.
HOSTED BY
Economic Innovation Group
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Frequently Asked Questions
How many episodes does The New Bazaar have?
The New Bazaar currently has 85 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is The New Bazaar about?
Through long-form interviews with economists, policymakers, and other guests, The New Bazaar explores how the economy is constantly reshaping the way we live — and how our choices in life are reflected back into the economy. Hosted by Cardiff Garcia, The New Bazaar is a production of the Economic...
How often does The New Bazaar release new episodes?
The New Bazaar has 85 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to The New Bazaar?
You can listen to The New Bazaar on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts The New Bazaar?
The New Bazaar is created and hosted by Economic Innovation Group.
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