Freakonomics Radio
Nearly everything that politicians say about taxes is at least half a lie. They are also dishonest when it comes to the national debt. In this update of an episode from 2025, Stephen Dubner finds one of the few people in Washington who is willing to tell the truth — and it’s even worse than you think.
- SOURCES:
- Jessica Riedl, budget and tax fellow at the Brookings Institution.
- RESOURCES:
- “How Did DOGE Disrupt So Much While Saving So Little?” by Emily Badger, David Fahrenthold, Alicia Parlapiano, and Margot Sanger-Katz (New York Times, 2025).
- “Correcting the Top 10 Tax Myths,” by Jessica Riedl (Manhattan Institute, 2024).
- “Spending, Taxes, and Deficits: A Book of Charts,” by Jessica Riedl (Manhattan Institute, 2024).
- “Why Did Americans Stop Caring About the National Debt?” by Jessica Riedl (Reason, 2024).
- “A Comprehensive Federal Budget Plan to Avert a Debt Crisis,” by Jessica Riedl (Manhattan Institute, 2024).
- “When Does Federal Debt Reach Unsustainable Levels?” by Jagadeesh Gokhale, Kent Smetters, and Mariko Paulson (The Wharton School of Business, 2023).
- “The Limits of Taxing the Rich,” by Jessica Riedl (Manhattan Institute, 2023).
- EXTRAS:
- “Farewell to a Generational Talent,” by Freakonomics Radio (2024).
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
647. China Is Run by Engineers. America Is Run by Lawyers.
In his new book “Breakneck,” Dan Wang argues that the U.S. has a lot to learn from China. He also says that “no two peoples are more alike.” We have questions. SOURCES: Dan Wang,…
-
Is the World Ready for a Guaranteed Basic Income? (Update)
A lot of jobs in the modern economy don’t pay a living wage, and some of those jobs may be wiped out by new technologies. So what’s to be done? We revisit an episode from…
-
646. An Air Traffic Controller Walks Into a Radio Studio …
What does it take to “play 3D chess at 250 miles an hour”? And how far will $12.5 billion of “Big, Beautiful” funding go toward modernizing the F.A.A.? (Part two of a two-part series.) …
-
645. Is the Air Traffic Control System Broken?
Flying in the U.S. is still exceptionally safe, but the system relies on outdated tech and is under tremendous strain. Six experts tell us how it got this way and how it can (maybe) be…
-
644. Has America Lost Its Appetite for the Common Good?
Patrick Deneen, a political philosopher at Notre Dame, says yes. He was a Democrat for years, and has now come to be seen as an “ideological guru” of the Trump administration. But that only tells…
-
Extra: A Modern Whaler Speaks Up (Update)
Bjørn Andersen has killed hundreds of minke whales. He tells us how he does it, why he does it, and what he thinks would happen if whale-hunting ever stopped. (This bonus episode is a follow-up…
-
What Can Whales Teach Us About Clean Energy, Workplace Harmony, and Living the Good Life? (Update)
In the final episode of our whale series, we learn about fecal plumes, shipping noise, and why Moby-Dick is still worth reading. (Part 3 of “Everything You Never Knew About Whaling.“) SOURCES: Michele Baggio, professor…
-
Why Do People Still Hunt Whales? (Update)
For years, whale oil was used as lighting fuel, industrial lubricant, and the main ingredient in (yum!) margarine. Whale meat was also on a few menus. But today, demand for whale products is at a…
-
The First Great American Industry (Update)
Whaling was, in the words of one scholar, “early capitalism unleashed on the high seas.” How did the U.S. come to dominate the whale market? Why did whale hunting die out here — and continue…
-
Why Does Tipping Still Exist? (Update)
It’s a haphazard way of paying workers, and yet it keeps expanding. With federal tax policy shifting in a pro-tip direction, we revisit an episode from 2019 to find out why. SOURCES: John List, economist…