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The New Bazaar

Economic Innovation Group

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Through long-form interviews with economists, policymakers, and other guests, The New Bazaar explores how the economy is constantly reshaping the way we live — and how our choices in life are reflected back into the economy. Hosted by Cardiff Garcia, The New Bazaar is a production of the Economic Innovation Group. Hosted on Acast. See acast.com/privacy for more information.
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Journos in Lockdown

Journos in Lockdown

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A podcast by Cardiff MA Broadcast Journalism students at Cardiff University about how coronavirus has impacted the industry. In each episode, we'll be speaking to journalists about their lives in lockdown.
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Online Seller UK provides eCommerce & Digital Marketing Events, Training and Consultancy to the SMEs throughout the UK. We have worked with businesses in Cardiff, Swansea, Bristol, Birmingham, London, Manchester and Yorkshire. We are flexible to your specific needs and happy to provide our services onsite and online.
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It's hard to think of a better guide to the ongoing US-China trade war than Evan Medeiros. A professor at Georgetown University's School of Foreign Service and a lifelong scholar of the US-China relationship, Evan is also the co-author (with James Polk) of a new study, China's New Economic Weapons. Ever since the trade wars of the first Trump term,…
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Chad Bown is not just among the world’s most respected trade economists. He is also perhaps the single most careful tracker of real-time trade activity — which obviously makes him the best possible guest to explain the consequences of US President Donald Trump’s decision on April 2nd to impose new tariffs on China and many other countries in additi…
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Joining Cardiff for this episode is Jared Bernstein, who was most recently the Chair of the Council of Economic Advisors for President Joe Biden following a long career in economic policy and public service. Jared shares with Cardiff his thoughts on the current economic moment, the achievements he was most proud of during the Biden years, and a few…
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On today’s episode, Cardiff chats with his EIG colleagues Adam Ozimek, chief economist, and Connor O’Brien, research analyst, about the one policy that achieves all three of the following goals simultaneously: It massively boosts the rate of economic growth through its effects on entrepreneurship, innovation, and the creation of entire new industri…
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It’s not often that someone comes up with a new, provocative, and persuasive theory about the competition between the US and China to be the world’s leading economic and technological superpower. The topic is so salient right now, the source of so much commentary, that it’s hard to say something that hasn’t already been said many, many times. But t…
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How close is the 2024 presidential election? Here is how the New York Times framed it recently: “Never in modern presidential campaigns have so many states been so tight this close to Election Day. Polling averages show that all seven battleground states are within the margin of error, meaning the difference between a half-point up and a half-point…
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What is the right foreign economic policy toward China? Did the Fed cut rates in time to avoid a recession? Have agglomeration economies been changed by work-from-home and the dematerializing economy? On September 21st, Paul Krugman joined host Cardiff Garcia live on stage for a sweeping conversation at the #EconTwitterIRL conference in Lancaster, …
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"The introverts have taken over the US economy." That's the provocative title of a recent Bloomberg column from economist Allison Schrager. As she looked into the data on how Americans have been spending their time since the pandemic, she noticed that they are spending less time socializing with their friends on weekends and more time in front of s…
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When people talk about the crisis at the border between the US and Mexico, what specifically are they referring to? The Department of Homeland Security keeps track of a statistic called “border encounters” at the US border with Mexico. This includes primarily the large number of people who try to cross the border without documentation, or illegally…
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Who is the Magic Johnson of economics? Who was the Adam Smith of basketball? On this fun and oddball episode of The New Bazaar, Cardiff speaks with Tyler Cowen, economist and author of GOAT: Who is the Greatest Economist of all Time and Why Does it Matter? Inspired by the sportswriter Bill Simmons, Tyler wrote his book from the standpoint of a fan—…
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Seth Stephens-Davidowitz has unusually written an unusual book. The data analysis included in "Who Makes the NBA?: Data-Driven Answers to Basketball's Biggest Questions" normally would have taken Seth, a trained economist, multiple years of writing and running code. But because of new artificial intelligence tools, he finished the book in just thir…
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Martha Gimbel and Gopi Shah Goda were formerly economists within the White House Council of Economic Advisors, or CEA. They look back on their time inside an important economic policymaking institution, telling Cardiff about: Their favorite projects Toughest assignments The relationship between CEA and other economic policymakers The difference bet…
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Angus Deaton—Scottish immigrant, Nobelist, and one of Cardiff's favorite economists—has written a new, forthcoming book titled Economics in America: An Immigrant Economist Explore the Land of Inequality. It’s great, if also hard to categorize. Partly it’s a memoir, about his humble origins in Scotland, where he was born; his studies at Cambridge wi…
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We're sharing another episode of a podcast we think you might like. It's called The Closer and it's hosted by executive producer of The New Bazaar, Aimee Keane. In each episode, Aimee speaks to dealmakers and insiders about landmark financial deals that have changed our lives in some way. In this episode, Aimee speaks to writer Abraham Josephine Ri…
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These are confusing times for the economy and for financial markets—and for the relationship between the economy and financial markets. At the moment the economy is doing well. The labor market is still creating hundreds of thousands of jobs each month. Unemployment is low. Inflation has come down over the past year. And economic growth has been st…
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Within economics, there's a semi-famous quote from the economist Paul Krugman: “Productivity isn't everything, but in the long run, it's almost everything.” Krugman’s point is that ultimately, how much productivity climbs each year—roughly speaking, how much more efficient an economy’s workers become at producing goods and services—is also what det…
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We're sharing a special episode of a podcast we think you might like. It's called The Closer and it's hosted by executive producer of The New Bazaar, Aimee Keane. In each episode, Aimee speaks to dealmakers and insiders about landmark financial deals that have changed our lives in some way. In this episode, Aimee speaks to an executive at the cente…
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The combination of a markets-based capitalist economy and a liberal democracy with almost-universal suffrage is very young, having existed for barely more than a century. But what we’ve learned in that short time is that there has never been a more successful political and societal arrangement. None of the tyrannies and the plutocracies that have b…
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This is a special episode from the podcast Macro Musings, hosted by economist David Beckworth. David interviews Cardiff along with Heather Long of the Washington Post and Ryan Avent of The Economist about their reflections on the last three years. What they got wrong, what they got right, what shocked them, and what the lessons of these extraordina…
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Joining Cardiff for this episode is Avi Goldfarb, Rotman Chair In Artificial Intelligence and Healthcare At The Rotman School Of Management, University Of Toronto, and the co-author (with his fellow economists Ajay Agrawal and Joshua Gans) of an excellent new book, "Power and Prediction: The Disruptive Economics of Artificial Intelligence". In thei…
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This is a special, between-the-seasons episode of the New Bazaar. Right now, the white-to-black wealth ratio in the United States is roughly 6 to 1. Which means that when you add up all the wealth that someone can own—their cash, the value of their house, their investments in the stock market, and so on—the average White American has six times the …
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This is the 50th (!) episode of The New Bazaar, and the Season 1 Finale. Cardiff and Aimee are planning to launch Season 2 later in the fall, and even before then will be airing a few surprise bonus episodes in September and October. Cardiff shares a bit more about future plans at the end of today's episode. The final Season 1 guest is Stefanie Sta…
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Benjamin Friedman is an economist and the author of The Moral Consequences of Economic Growth (2005) and Religion and the Rise of Capitalism (2021). He joins Cardiff to revisit the ideas in Moral Consequences, one of Cardiff’s favorite economics books, which argues that sustained economic growth not only leads to higher living standards but also ca…
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Dakin Campbell is the chief finance correspondent at Insider and, full disclosure, Cardiff's close friend. He joins Cardiff on the show to discuss his new book, “Going Public: How Silicon Valley Rebels Loosened Wall Street’s Grip on the IPO and Sparked a Revolution”. When a company is relatively young… let’s say it’s a startup, and it is privately …
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Here are three things to know about inflation. First, according to a survey of public opinion by Pew Research taken in May, the public views inflation is the single biggest problem facing the country. And—this is a direct quote from Pew Research—”no other concern comes close”. Second, inflation right now is really high. The prices of the goods and …
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