Senator Chris Murphy
👤 SpeakerAppearances Over Time
Podcast Appearances
And once Medicare had, you know, 60, 70% of the business, you know, frankly, the other companies probably couldn't operate. So that to me is the big idea that
you know, gets it to where we probably need to get to, but it does it through consumer and business choice, which is just a whole lot more politically easy than what Bernie is proposing, which is to just have a big legislative fight over requiring that everybody be on Medicare and banning private health care insurance.
you know, gets it to where we probably need to get to, but it does it through consumer and business choice, which is just a whole lot more politically easy than what Bernie is proposing, which is to just have a big legislative fight over requiring that everybody be on Medicare and banning private health care insurance.
you know, gets it to where we probably need to get to, but it does it through consumer and business choice, which is just a whole lot more politically easy than what Bernie is proposing, which is to just have a big legislative fight over requiring that everybody be on Medicare and banning private health care insurance.
There's a couple of good ideas out there that you guys haven't thought of yet. Well, several million.
There's a couple of good ideas out there that you guys haven't thought of yet. Well, several million.
There's a couple of good ideas out there that you guys haven't thought of yet. Well, several million.
Republican lawmakers in Minnesota want to, here in the state, add Trump derangement syndrome as an official mental illness.
Republican lawmakers in Minnesota want to, here in the state, add Trump derangement syndrome as an official mental illness.
So I'm making the case that government and policymakers are often shaping markets to make them work better so they can shape the markets to make Americans richer, their economic lives more stable, even safer if if they know what they're doing. And so this is a hidden history that we've got to pull on and recover if we're going to rebuild after the chaos of Trump in this moment.
So I'm making the case that government and policymakers are often shaping markets to make them work better so they can shape the markets to make Americans richer, their economic lives more stable, even safer if if they know what they're doing. And so this is a hidden history that we've got to pull on and recover if we're going to rebuild after the chaos of Trump in this moment.
It turns out... What? It's RIP, right? No, but I mean, for 40 years, people did believe that markets are self-regulating, that they would mostly take care of themselves, and they always used the I word, intervene. Government is there to intervene in markets. Only in catastrophes. Usually, like an emergency room, you know, you would come and you would fix things.
It turns out... What? It's RIP, right? No, but I mean, for 40 years, people did believe that markets are self-regulating, that they would mostly take care of themselves, and they always used the I word, intervene. Government is there to intervene in markets. Only in catastrophes. Usually, like an emergency room, you know, you would come and you would fix things.
But what I see in the history is that when things go well, government is structuring markets to make them work better. So you can take semiconductors, where just a few years ago we weren't making any advanced semiconductors in the United States. Now we're making the cutting-edge chips that are powering the iPhone.
But what I see in the history is that when things go well, government is structuring markets to make them work better. So you can take semiconductors, where just a few years ago we weren't making any advanced semiconductors in the United States. Now we're making the cutting-edge chips that are powering the iPhone.
You can see it in climate, but you can also see it in financial stability and energy policy. So there are hopeful, inspiring stories, which I think... I need more. I think a lot of us need more in this moment. Well, because we're out of magnets.
You can see it in climate, but you can also see it in financial stability and energy policy. So there are hopeful, inspiring stories, which I think... I need more. I think a lot of us need more in this moment. Well, because we're out of magnets.
Yeah. Well, I wrote the book to talk a lot about public policy today. But I think to do that, well, you've got to look at the past to see what worked and what didn't work, because we can learn from the successes. Often we can learn even more from the failure.
Yeah. Well, I wrote the book to talk a lot about public policy today. But I think to do that, well, you've got to look at the past to see what worked and what didn't work, because we can learn from the successes. Often we can learn even more from the failure.
So in the New Deal, the Reconstruction Finance Corporation was a national investment bank headed by this larger than life figure, Jesse Jones, whose story I love telling in the book. It's fantastic. He has so many different crazy things. He's a guy who grew up in Tennessee, goes to Houston, makes a million bucks by the time he's 30 years old, which is a lot. Sure. 19 teens.