‘This Is Something That Traditional Economics Isn’t Prepared to Deal With’

In this episode of The Ezra Klein Show, Ezra Klein hosts Tracy Alloway and Joe Weisenthal from Bloomberg's "Odd Lots" podcast to dissect the perplexing state of the 2025 economy. They analyze the impact of tariffs, the AI boom, and the divergence between economic data and consumer sentiment. The discussion covers the unexpected resilience of businesses, the complexities of global trade, and the potential downsides of AI-driven labor substitution. The panel explores whether the AI build-out is a bubble, a genuine economic driver, or a threat to workers, and they examine the cultural and political factors contributing to widespread economic unease, concluding with book recommendations that offer insights into these complex issues.