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For most of the last century liberal democracies offered a simple deal: the economy grows and, if you work hard, you get a fair shot at the rewards. According to 2024 Nobel Prize-winning economist Daron Acemoglu, that deal is broken.

Acemoglu joins Bethany McLean and Luigi Zingales to discuss his new book, What Happened to Liberal Democracy?, and why the system ...


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Amazon went public three years after it was founded. SpaceX stayed private for 24 years. What changed and why does it matter?

The standard story is that companies avoid an IPO because public markets carry too many government rules and too many lawyers looking to sue. Renee Jones, law professor, former SEC official, and author of the new book Untamed Unicorns: Why St...


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The Republican Party is often associated with free-market fundamentalism, deregulation, and tax cuts. But a new faction on the right is challenging that consensus.

In this episode, Bethany and Luigi sit down with Chris Griswold, the Policy Director at American Compass. Drawing on Catholic social teaching, Griswold argues that we need to stop viewing our economy as a fo...


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Were the foundations of American governance engineered to protect the wealthy? Harvard Law professor Michael Klarman argues that the US Constitution was actually a counter-revolutionary coup to constrain democracy rather than protect it. 

This episode explores how debt, taxes, and money influenced the drafting of America's founding document. And whether a wealthy elite...


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Is personal finance rigged against ordinary people? Economists John Campbell and Tarun Ramadorai argue the system rewards the wealthy and financially savvy at the expense of everyone else. 

Their book Fixed points to a troubling pattern: the fees you avoid by never overdrafting, or by refinancing on time, are paid for by people who don't, and they warn that the ...


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