The New Bazaar


The econ fight inside the Right

Season 1, Ep. 15

At least rhetorically, the politically conservative approach to economics was once associated with lower taxes, deregulation of the economy, cutting government spending, free trade and cutting the budget deficit (In reality, what conservatives have actually done when they have been in power has been different, but that was the governing philosophy). But all that seems to have changed in the last roughly half decade. There’s been a lingering and visible tension between the old-school free-market-y conservatism, and a different “populist” approach that’s largely, though not exclusively, associated with Donald Trump. And that tension has made it hard to answer the question: “What is conservative economics now?” If, or when, Republicans are in power again, what policies will they pursue? What will conservative pundits and policymakers and economists advise them to do? 

Cardiff has no idea anymore. So he invited Karl Smith, an economist and columnist at Bloomberg, to the show. Together they discuss how conservative economics has shifted on the issues of trade, immigration, the deficit, entitlement spending, and more. 

Links from the episode:

More Episodes


The craft of economic storytelling

Season 1, Ep. 20
Tim Harford is the author of numerous terrific economics books and the host of two great podcasts: “Cautionary Tales”, about what we should learn from big mistakes; and “More or Less”, about statistics. He also writes columns and essays for the Financial Times.And what sets Tim apart in all these different mediums is his exceptional storytelling. And when it comes to telling economic stories – stories that are meant to grab your attention, and keep you in suspense, and then ultimately land on a message or a lesson that really stays with you – I’m not sure there’s anyone better.And Tim’s latest book, The Data Detective, is no different: there’s a lot of great stories in it. But what I really loved about it is that it’s very much also about the craft of storytelling itself. And that’s what today’s conversation with Tim is also about: What are the ingredients of a captivating story? Why is it that stories are so necessary for fighting back against misinformation? (Why aren’t the facts themselves enough?) And how do you wield the power of storytelling responsibly?Links from the episode:Cautionary Tales, hosted by Tim Harford, from Pushkin Industries("The Problem with Facts", by Tim Harford ( Data Detective, by Tim Harford ( and Aimee are on Twitter at @CardiffGarcia and @AimeePKeaneSend us an email! You can write to us at