Our Money: Monetary Policy as if Democracy Matters

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Mike talks with Leah Downey,  a junior research fellow at St. John’s College, Cambridge. They discuss her book, Our Money: Monetary Policy as if Democracy Matters.

Topics Mike & Leah Cover Include:
– fiscal vs monetary policy
– the Federal Reserve’s legal mandate
– the money neutrality myth
– Fed dominance as legitimate, but harmful to democracy
– iterative governance at the Fed
– auditing or otherwise constraining the Fed’s independence
– why the Fed should be regularly rechartered

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The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

Epstein Files, Rescissions Bill, Education Firings

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Mike and Sam open with a discussion of the ongoing controversy in MAGAworld about the Epstein files. Mike thought it wouldn’t have the staying power that it has, while Sam isn’t at all surprised that the poor handling of the matter and lack of transparency by the Trump administration have resulted in plenty of anger on the right.

Next, they turn to a rarity in Congress – a successful rescissions bill. Mike points out that the $9.4 billion cut is a drop in the bucket and that NPR, in particular, might be better off without the small amount of government funding that this will deny them. Sam feels that while it might not be much,  it’s a step in the right direction.

They close with a look at a recent Supreme Court decision that allowed mass firings and reorganization at the Department of Education to go forward. Mike believes that the administration ignored a clear legal provision in carrying out the firings, though Sam doesn’t see things that way. He does agree with Mike that at some point, an ostensible restructuring/efficiency measure becomes a de facto illegal agency closure, but that we’re not there yet.

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The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

America Party, Epstein, Birthright Citizenship, Tariffs

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Trey and Justin are joined by Mike! In this episode, the trio start by asking if Musk is serious about the America Party. Then they discuss the newest no-client list from the Epstein files along with a longer conversation about conspiracy culture. After that, it is a look at the legal limbo of birthright citizenship, refiled as a class-action lawsuit. Finally, the question of tariffs and trade and the newest extension and rhetoric from Trump’s tariff letters.

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The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

The 4th Of July, The Big Beautiful Bill Act

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Happy 4th of July: Trey and Ken are back! They open the show by reading a portion of the Declaration of Independence and commenting on the past and future of the United States on its 249th anniversary. After that, they turn to the biggest news item this week: the passage of the Big Beautiful Bill Act. Because of the complexity of the law, the hosts take this on in two sections. First, they look at the politics of the Big Beautiful Bill, including the end of the Republican Party as the party of deficit reduction. Second, they turn to the actual policies of the bill, including a deep rundown of most of its provisions and possible effects

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The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

The War on Words

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Mike talks with Greg Lukianoff, attorney, New York Times bestselling author, and President and CEO of FIRE: the Foundation for Individual Rights and Expression. They discuss Greg’s latest book,  The War on Words: 10 Arguments Against Free Speech – And Why They Fail, with Nadine Strossen.

Topics Mike & Greg discuss include:
– Why calling words “violence” leads to actual violence
– The case against hate speech laws
– Free speech lessons from Nazi Germany and Rwanda
– Shoutdowns as mob censorship on campus
– Whether the internet makes speech protections obsolete
– Mill’s trident and the case for truth through debate
– Who really benefits from free speech protections
– The limits of regulating misinformation and disinformation

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Listener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo, we’re @PoliticsGuys.

The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

The U.S. Bombs Iran and Trump v CASA

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Trey and Justin open this week with the United States bombing of Iran. In this sweeping conversation, the hosts look at not only the legal aspect of President Trump’s bombing order but also the political. This includes conversations about the growing potential rift in MAGA, the debate between Tucker Carlson and Senator Ted Cruz, and an examination of the power of the U.S. President as it relates to war.

Next, the pair discuss the first of three major cases released at the end of the United States Supreme Court’s term: Trump’s v. CASA. Here, the Supreme Court sidestepped looking at the issue of the 14th Amendment and instead restrained its own power in terms of universal injunctions. Trey overviews the history and scholarship of nationwide injunctions. Then, both hosts discuss the possibility of class action lawsuits as a means to continue the practice. However, as Trey points out, the court seems reluctant, given the concurrences, to allow that to occur.

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The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

How The Left Lost The Working Class

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Mike talks with Joan C. Williams, Distinguished Professor of Law and Hastings Foundation Chair (emerita) at University of California College of Law San Francisco. She’s the author of the recently released book, Outclassed: How the Left Lost the Working Class and How to Win Them Back, which they discuss in this episode.

Topics Mike & Joan cover include:
– class blindness on the left
– the ‘missing middle’
– why moving to the center isn’t the answer
– why red states with ‘family values’ have so much family dysfunction
– toxic masculinity and deploying alternative masculinities
– the left’s problem with patriotism

Take the New Class Bubble Quiz

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The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

Israel and Iran, Minnesota Murders

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This week, Mike and Justin are joined by Joey Ashbrook, a new conservative voice on The Politics Guys. They open with a discussion of the escalating hostilities between Israel and Iran. Justin argues that Trump’s withdrawal from the Iran nuclear deal “set the ball in motion” for today’s crisis. Joey contends that Iran’s uranium enrichment past peaceful-use levels justifies Trump’s hardline stance. Mike suggests Netanyahu may have maneuvered the U.S. into deeper involvement by initiating strikes that only American assets can complete.

The conversation then turns to the politically motivated murders in Minnesota. Justin calls Trump’s refusal to contact Governor Walz “classless” and emblematic of his failure to provide unifying symbolic leadership. Mike warns that rising political violence is fueled by social disconnection and online radicalization. Joey concedes that some GOP reactions were misjudged but argues that rejecting “fake unity” is a core—and clarifying—feature of Trump’s political ethos.

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Listener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo, we’re @PoliticsGuys.

The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

LA Protests, Army Parade, No Kings, Vaccine Panel Mass Firing

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Mike and Trey are joined by a new co-host, Tim King, a Professor of Economics at the University of Austin. The guys start off with a discussion of the civil unrest in Los Angeles. Tim argues that Democrats are hurting themselves politically by appearing to side with violent protesters. Trey points out that the administration’s legal justification for deploying troops is on shaky ground. Mike highlights that while the president receives broad deference on these matters, the failure to follow proper legal procedures is a real problem.

From there, they move to the parade in honor of the Army’s 250th birthday and the ‘No Kings’ counterprogramming scheduled for the same day in multiple locations across the country. Tim sees the parade as a positive show of support for the military, but doubts protests will change anything. Trey views these events as more about organizing and building activist networks than immediate impact. Mike warns that counterprotests like these risk alienating voters and undermining the cause they hope to advance.

They close by considering HHS Secretary RFK Jr firing all 17 members of the Advisory Committee for Immunization Practices and quickly naming eight replacements, just weeks before the committee’s next meeting. Tim downplays the impact, suggesting public trust in government health advice was already damaged during COVID. Trey stresses that the advisory board’s decisions have real consequences for vaccine access. Mike finds RFK’s claims of conflicts of interest unconvincing, seeing little justification for such a sweeping shake-up.

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The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.

Travel Ban 2025 Edition, Social Media Slap Fights, One Big Beautiful Bill, Ukraine’s Drone Attack

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Trey and Justin join forces for the first time in this week’s episode! The pair begin with a discussion of Trump’s new travel ban and its relationship to the attack in Boulder. Then they discuss both the social media battle between Elon Musk and President Donald Trump and whether this is the last gasp for economic conservatives in the Republican Party. They close the show discussing the impact of Ukraine’s drone strikes and how it borders, as close as one can, to the workings of a James Bond-like movie.

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Listener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo, we’re @PoliticsGuys.

The Politics Guys is part of The Democracy Group, a network of podcasts that examines what’s broken in our democracy and how we can work together to fix it.