The New Bazaar

Oct 09 2024 67 ep. 58 mins 1.6k

The New Bazaar Podcast artwork

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.
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How to Slay Economic Zombies

Oct 09 2024 62 mins

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 conversation at the #EconTwitterIRL conference in Lancaster, Pennsylvania. They discu

Is the Introvert Economy here to stay?

Mar 28 2024 38 mins

"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 their friends on weekends and more time in front of screens. Even when they do go out, i

Immigration and the border: the real story

Mar 10 2024 55 mins

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 cross the border without documentation, or illegally, and aren't crossing at a form

If econs could hoop

Jan 30 2024 53 mins

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 Simmons, Tyler wrote his book from the standpoint of a fan—having fun, taking sides, admitti

Hoop dreams of electric sheep

Jan 03 2024 60 mins

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 intelligence tools, he finished the book in just thirty days. And he used AI tools not j

A glimpse inside Biden’s CEA

Nov 11 2023 64 mins

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 projectsToughest assignmentsThe relationship between CEA and other economic policymakersThe difference between academia and policy work&nbs

Angus Deaton on life in America

Sep 10 2023 72 mins

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 Scotland, where he was born; his studies at Cambridge with better-heeled peers; an

How Vince McMahon built an entertainment empire

Aug 10 2023 55 mins

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 episode, Aimee speaks to writer Abraham Josephine Riesman about Vince McMahon's i

William Bernstein on stocks, bonds, and the economy

Jul 18 2023 57 mins

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 down over the past year. And economic growth has been stronger than a great many ec

The economics of innovation

May 18 2023 71 mins

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 become at producing goods and services—is also what determines how much our l