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    <title>The Ezra Klein Show</title>
    <description>Ezra Klein invites you into a conversation on something that matters. How do we address climate change if the political system fails to act? Has the logic of markets infiltrated too many aspects of our lives? What is the future of the Republican Party? What do psychedelics teach us about consciousness? What does sci-fi understand about our present that we miss? Can our food system be just to humans and animals alike?

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    <pubDate>Fri, 28 Aug 2026 09:00:00 +0000</pubDate>
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    <itunes:summary>Ezra Klein invites you into a conversation on something that matters. How do we address climate change if the political system fails to act? Has the logic of markets infiltrated too many aspects of our lives? What is the future of the Republican Party? What do psychedelics teach us about consciousness? What does sci-fi understand about our present that we miss? Can our food system be just to humans and animals alike?

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher.</itunes:summary>
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      <title>Trump vs. the Bond Market</title>
      <description><![CDATA[<p>A lot of things are on track to get more expensive.&nbsp;</p>
<p>The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven’t seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down.&nbsp;</p>
<p>So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what’s in store for the economy?</p>
<p>Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.”&nbsp;</p>
<p>This conversation was recorded on August 24, 2026.</p>
<p>Mentioned:</p>
<p>“<a href="https://www.ft.com/content/cb865200-1a06-40be-86a3-10ee2bb05804" rel="noopener noreferrer">An Economic D-Day Is Coming for Iran</a>” by Scott Bessent</p>
<p>Book Recommendations:</p>
<p><a href="https://200.hc.com/the-harpercollins-200/barbarians-at-the-gate/" rel="noopener noreferrer">Barbarians at the Gate</a> by Bryan Burrough and John Helyar<br><a href="https://www.simonandschuster.com/books/The-Prize/Daniel-Yergin/9781439110126" rel="noopener noreferrer">The Prize</a> by Daniel Yergin<br><a href="https://www.penguinrandomhouse.com/books/297027/lords-of-finance-by-liaquat-ahamed/" rel="noopener noreferrer">Lords of Finance</a> by Liaquat Ahamed</p>
<p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com" rel="noopener noreferrer">ezrakleinshow@nytimes.com</a>.</p>
<p>You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html</p>
<p>This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Kristen Williamson, Brandon Belk-Yee and Dani Dillon. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></description>
      <pubDate>Fri, 28 Aug 2026 09:00:00 +0000</pubDate>
      <author>ezrakleinshow@nytimes.com (New York Times Opinion)</author>
      <link>https://www.nytimes.com/2026/08/28/opinion/ezra-klein-podcast-robin-wigglesworth.html</link>
      <content:encoded><![CDATA[<p>A lot of things are on track to get more expensive.&nbsp;</p>
<p>The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven’t seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down.&nbsp;</p>
<p>So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what’s in store for the economy?</p>
<p>Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.”&nbsp;</p>
<p>This conversation was recorded on August 24, 2026.</p>
<p>Mentioned:</p>
<p>“<a href="https://www.ft.com/content/cb865200-1a06-40be-86a3-10ee2bb05804" rel="noopener noreferrer">An Economic D-Day Is Coming for Iran</a>” by Scott Bessent</p>
<p>Book Recommendations:</p>
<p><a href="https://200.hc.com/the-harpercollins-200/barbarians-at-the-gate/" rel="noopener noreferrer">Barbarians at the Gate</a> by Bryan Burrough and John Helyar<br><a href="https://www.simonandschuster.com/books/The-Prize/Daniel-Yergin/9781439110126" rel="noopener noreferrer">The Prize</a> by Daniel Yergin<br><a href="https://www.penguinrandomhouse.com/books/297027/lords-of-finance-by-liaquat-ahamed/" rel="noopener noreferrer">Lords of Finance</a> by Liaquat Ahamed</p>
<p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com" rel="noopener noreferrer">ezrakleinshow@nytimes.com</a>.</p>
<p>You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html</p>
<p>This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Kristen Williamson, Brandon Belk-Yee and Dani Dillon. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></content:encoded>
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      <itunes:title>Trump vs. the Bond Market</itunes:title>
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      <itunes:summary>A lot of things are on track to get more expensive. 

The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven’t seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down. 

So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what’s in store for the economy?

Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.” 

This conversation was recorded on August 24, 2026.</itunes:summary>
      <itunes:subtitle>A lot of things are on track to get more expensive. 

The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven’t seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down. 

So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what’s in store for the economy?

Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.” 

This conversation was recorded on August 24, 2026.</itunes:subtitle>
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      <title>This Is Why People Hate the Government</title>
      <description><![CDATA[<p>In 2024, Americans spent an average of six full workdays a year filling out government forms, according to the government’s own estimates. That’s a total of 12 billion hours, or $430 billion of uncompensated labor a year.</p>
<p>It’s easy to read something like this and say: “Oh, well, government is inefficient. That’s the price we pay for nice things.” But no, it’s not. Social Security, Medicare and the Postal Service are incredibly complex programs that are easy to use. When government is hard to gain access to, it is often by design. Republicans want paying taxes to be a hellish hassle. Programs for the poor are often designed to humiliate, punish, control or scrutinize. How the government works is always a choice. When it works poorly, we should ask why — and we should demand better.  </p>
<p>Annie Lowrey is a staff writer at The Atlantic and the author of the new book “<a href="https://www.harpercollins.com/products/the-time-tax-annie-lowrey?variant=43996208070690" rel="noopener noreferrer">The Time Tax: How the Government Wastes Our Time — and How to Fix It</a>.” She is also, I should note, my wife, so this is a book whose ideas I have been living with for years. They have quietly infused more than a few episodes of this show. So it’s a thrill to finally get to explore them directly. </p>
<p><i><strong>This episode contains strong language.</strong></i></p>
<p>Mentioned:</p>
<p><a href="https://www.harpercollins.com/products/the-time-tax-annie-lowrey?variant=43996208070690" rel="noopener noreferrer">The Time Tax</a> by Annie Lowrey</p>
<p><a href="https://www.penguinrandomhouse.com/books/551618/give-people-money-by-annie-lowrey/" rel="noopener noreferrer">Give People Money</a> by Annie Lowrey</p>
<p><a href="https://press.uchicago.edu/ucp/books/book/chicago/W/bo3633527.html" rel="noopener noreferrer">Why Americans Hate Welfare</a> by Martin Gilens</p>
<p>Book Recommendations:</p>
<p><a href="https://www.penguinrandomhouse.com/books/130495/my-silent-war-by-kim-philby/" rel="noopener noreferrer">My Silent War</a> by Kim Philby</p>
<p><a href="https://www.harpercollins.com/products/to-hate-like-this-is-to-be-happy-forever-will-blythe?variant=32122588889122" rel="noopener noreferrer">To Hate Like This Is to Be Happy Forever</a> by Will Blythe</p>
<p><a href="https://www.routledge.com/Gender-Trouble-Feminism-and-the-Subversion-of-Identity/Butler/p/book/9780415389556" rel="noopener noreferrer">Gender Trouble</a> by Judith Butler</p>
<p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com" rel="noopener noreferrer">ezrakleinshow@nytimes.com</a>.</p>
<p>You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html</p>
<p>This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota, Johnny Simon and Isaac Jones. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Brandon Belk-Yee, Dani Dillon and Julian Hackney. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Rollin Hu, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser. </p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></description>
      <pubDate>Tue, 25 Aug 2026 09:00:00 +0000</pubDate>
      <author>ezrakleinshow@nytimes.com (New York Times Opinion)</author>
      <link>https://www.nytimes.com/2026/08/25/opinion/ezra-klein-podcast-annie-lowrey.html</link>
      <content:encoded><![CDATA[<p>In 2024, Americans spent an average of six full workdays a year filling out government forms, according to the government’s own estimates. That’s a total of 12 billion hours, or $430 billion of uncompensated labor a year.</p>
<p>It’s easy to read something like this and say: “Oh, well, government is inefficient. That’s the price we pay for nice things.” But no, it’s not. Social Security, Medicare and the Postal Service are incredibly complex programs that are easy to use. When government is hard to gain access to, it is often by design. Republicans want paying taxes to be a hellish hassle. Programs for the poor are often designed to humiliate, punish, control or scrutinize. How the government works is always a choice. When it works poorly, we should ask why — and we should demand better.  </p>
<p>Annie Lowrey is a staff writer at The Atlantic and the author of the new book “<a href="https://www.harpercollins.com/products/the-time-tax-annie-lowrey?variant=43996208070690" rel="noopener noreferrer">The Time Tax: How the Government Wastes Our Time — and How to Fix It</a>.” She is also, I should note, my wife, so this is a book whose ideas I have been living with for years. They have quietly infused more than a few episodes of this show. So it’s a thrill to finally get to explore them directly. </p>
<p><i><strong>This episode contains strong language.</strong></i></p>
<p>Mentioned:</p>
<p><a href="https://www.harpercollins.com/products/the-time-tax-annie-lowrey?variant=43996208070690" rel="noopener noreferrer">The Time Tax</a> by Annie Lowrey</p>
<p><a href="https://www.penguinrandomhouse.com/books/551618/give-people-money-by-annie-lowrey/" rel="noopener noreferrer">Give People Money</a> by Annie Lowrey</p>
<p><a href="https://press.uchicago.edu/ucp/books/book/chicago/W/bo3633527.html" rel="noopener noreferrer">Why Americans Hate Welfare</a> by Martin Gilens</p>
<p>Book Recommendations:</p>
<p><a href="https://www.penguinrandomhouse.com/books/130495/my-silent-war-by-kim-philby/" rel="noopener noreferrer">My Silent War</a> by Kim Philby</p>
<p><a href="https://www.harpercollins.com/products/to-hate-like-this-is-to-be-happy-forever-will-blythe?variant=32122588889122" rel="noopener noreferrer">To Hate Like This Is to Be Happy Forever</a> by Will Blythe</p>
<p><a href="https://www.routledge.com/Gender-Trouble-Feminism-and-the-Subversion-of-Identity/Butler/p/book/9780415389556" rel="noopener noreferrer">Gender Trouble</a> by Judith Butler</p>
<p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com" rel="noopener noreferrer">ezrakleinshow@nytimes.com</a>.</p>
<p>You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html</p>
<p>This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota, Johnny Simon and Isaac Jones. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Brandon Belk-Yee, Dani Dillon and Julian Hackney. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Rollin Hu, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser. </p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></content:encoded>
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      <itunes:title>This Is Why People Hate the Government</itunes:title>
      <itunes:author>New York Times Opinion</itunes:author>
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      <itunes:summary>In 2024, Americans spent an average of six full workdays a year filling out government forms, according to the government’s own estimates. That’s a total of 12 billion hours, or $430 billion of uncompensated labor a year.

It’s easy to read something like this and say: “Oh, well, government is inefficient. That’s the price we pay for nice things.” But no, it’s not. Social Security, Medicare and the Postal Service are incredibly complex programs that are easy to use. When government is hard to gain access to, it is often by design. Republicans want paying taxes to be a hellish hassle. Programs for the poor are often designed to humiliate, punish, control or scrutinize. How the government works is always a choice. When it works poorly, we should ask why — and we should demand better.  

Annie Lowrey is a staff writer at The Atlantic and the author of the new book “The Time Tax: How the Government Wastes Our Time — and How to Fix It.” She is also, I should note, my wife, so this is a book whose ideas I have been living with for years. They have quietly infused more than a few episodes of this show. So it’s a thrill to finally get to explore them directly. </itunes:summary>
      <itunes:subtitle>In 2024, Americans spent an average of six full workdays a year filling out government forms, according to the government’s own estimates. That’s a total of 12 billion hours, or $430 billion of uncompensated labor a year.

It’s easy to read something like this and say: “Oh, well, government is inefficient. That’s the price we pay for nice things.” But no, it’s not. Social Security, Medicare and the Postal Service are incredibly complex programs that are easy to use. When government is hard to gain access to, it is often by design. Republicans want paying taxes to be a hellish hassle. Programs for the poor are often designed to humiliate, punish, control or scrutinize. How the government works is always a choice. When it works poorly, we should ask why — and we should demand better.  

Annie Lowrey is a staff writer at The Atlantic and the author of the new book “The Time Tax: How the Government Wastes Our Time — and How to Fix It.” She is also, I should note, my wife, so this is a book whose ideas I have been living with for years. They have quietly infused more than a few episodes of this show. So it’s a thrill to finally get to explore them directly. </itunes:subtitle>
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      <guid isPermaLink="false">09c0f4dd-eb86-4322-ae64-cf4a621c09c3</guid>
      <title>The China Shock 2.0</title>
      <description><![CDATA[<p>Brad Setser follows Chinese trade closer than just about anyone else on earth, and he thinks we’re in the early days of a China Shock 2.0.</p>
<p>The first China Shock was when China came to dominate low-end manufacturing in the 2000s, filling American shelves with cheap clothes, toys and electronics, while devastating American factory towns. This new China Shock could be even more destabilizing. China now dominates advanced manufacturing: electric vehicles, batteries, solar panels. It’s outcompeting nearly all high-end manufacturing around the world, and other countries are just starting to feel the pain. And China isn’t slowing down. It’s moving into software, too. Its frontier A.I. models are neck and neck with American ones.</p>
<p>China’s success poses a serious threat to the economies and domestic politics of countries around the world. So what should those countries do about it? </p>
<p>Setser is a senior fellow at the Council on Foreign Relations.He served in top trade and economic roles in the Biden and Obama administrations. And he is widely cited across the field as one of the top analysts of China’s economy and trade practices.</p>
<p><strong>Book Recommendations:</strong></p>
<p><a href="https://www.harpercollins.com/products/the-party-richard-mcgregor?variant=32207545958434" target="_blank" rel="noopener noreferrer">The Party</a> by Richard McGregor</p>
<p><a href="https://global.oup.com/academic/product/the-volatility-machine-9780195143300?cc=us&lang=en&" target="_blank" rel="noopener noreferrer">The Volatility Machine</a> by Michael Pettis</p>
<p><a href="https://www.panmacmillan.com/authors/soumaya-keynes/how-to-win-a-trade-war/9781035090181" target="_blank" rel="noopener noreferrer">How to Win a Trade War</a> by Soumaya Keynes and Chad Bown</p>
<p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com" rel="noopener noreferrer">ezrakleinshow@nytimes.com</a>.</p>
<p>You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html</p>
<p>This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair, Mary Marge Locker and Julie Beer. Our senior engineer is Jeff Geld, with additional mixing by Johnny Simon. Our recording engineer is Aman Sahota. Cinematography by Marina King and Kyle Kelley. Video editing by Dani Dillon and Brandon Belk-Yee. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></description>
      <pubDate>Fri, 21 Aug 2026 09:00:00 +0000</pubDate>
      <author>ezrakleinshow@nytimes.com (New York Times Opinion)</author>
      <link>https://www.nytimes.com/2026/08/21/opinion/ezra-klein-podcast-brad-setser.html</link>
      <content:encoded><![CDATA[<p>Brad Setser follows Chinese trade closer than just about anyone else on earth, and he thinks we’re in the early days of a China Shock 2.0.</p>
<p>The first China Shock was when China came to dominate low-end manufacturing in the 2000s, filling American shelves with cheap clothes, toys and electronics, while devastating American factory towns. This new China Shock could be even more destabilizing. China now dominates advanced manufacturing: electric vehicles, batteries, solar panels. It’s outcompeting nearly all high-end manufacturing around the world, and other countries are just starting to feel the pain. And China isn’t slowing down. It’s moving into software, too. Its frontier A.I. models are neck and neck with American ones.</p>
<p>China’s success poses a serious threat to the economies and domestic politics of countries around the world. So what should those countries do about it? </p>
<p>Setser is a senior fellow at the Council on Foreign Relations.He served in top trade and economic roles in the Biden and Obama administrations. And he is widely cited across the field as one of the top analysts of China’s economy and trade practices.</p>
<p><strong>Book Recommendations:</strong></p>
<p><a href="https://www.harpercollins.com/products/the-party-richard-mcgregor?variant=32207545958434" target="_blank" rel="noopener noreferrer">The Party</a> by Richard McGregor</p>
<p><a href="https://global.oup.com/academic/product/the-volatility-machine-9780195143300?cc=us&lang=en&" target="_blank" rel="noopener noreferrer">The Volatility Machine</a> by Michael Pettis</p>
<p><a href="https://www.panmacmillan.com/authors/soumaya-keynes/how-to-win-a-trade-war/9781035090181" target="_blank" rel="noopener noreferrer">How to Win a Trade War</a> by Soumaya Keynes and Chad Bown</p>
<p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com" rel="noopener noreferrer">ezrakleinshow@nytimes.com</a>.</p>
<p>You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html</p>
<p>This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair, Mary Marge Locker and Julie Beer. Our senior engineer is Jeff Geld, with additional mixing by Johnny Simon. Our recording engineer is Aman Sahota. Cinematography by Marina King and Kyle Kelley. Video editing by Dani Dillon and Brandon Belk-Yee. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></content:encoded>
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      <itunes:title>The China Shock 2.0</itunes:title>
      <itunes:author>New York Times Opinion</itunes:author>
      <itunes:duration>01:05:30</itunes:duration>
      <itunes:summary>Brad Setser follows Chinese trade closer than just about anyone else on earth, and he thinks we’re in the early days of a China Shock 2.0.

The first China Shock was when China came to dominate low-end manufacturing in the 2000s, filling American shelves with cheap clothes, toys and electronics, while devastating American factory towns. This new China Shock could be even more destabilizing. China now dominates advanced manufacturing: electric vehicles, batteries, solar panels. It’s outcompeting nearly all high-end manufacturing around the world, and other countries are just starting to feel the pain. And China isn’t slowing down. It’s moving into software, too. Its frontier A.I. models are neck and neck with American ones.

China’s success poses a serious threat to the economies and domestic politics of countries around the world. So what should those countries do about it? 

Setser is a senior fellow at the Council on Foreign Relations.He served in top trade and economic roles in the Biden and Obama administrations. And he is widely cited across the field as one of the top analysts of China’s economy and trade practices.</itunes:summary>
      <itunes:subtitle>Brad Setser follows Chinese trade closer than just about anyone else on earth, and he thinks we’re in the early days of a China Shock 2.0.

The first China Shock was when China came to dominate low-end manufacturing in the 2000s, filling American shelves with cheap clothes, toys and electronics, while devastating American factory towns. This new China Shock could be even more destabilizing. China now dominates advanced manufacturing: electric vehicles, batteries, solar panels. It’s outcompeting nearly all high-end manufacturing around the world, and other countries are just starting to feel the pain. And China isn’t slowing down. It’s moving into software, too. Its frontier A.I. models are neck and neck with American ones.

China’s success poses a serious threat to the economies and domestic politics of countries around the world. So what should those countries do about it? 

Setser is a senior fellow at the Council on Foreign Relations.He served in top trade and economic roles in the Biden and Obama administrations. And he is widely cited across the field as one of the top analysts of China’s economy and trade practices.</itunes:subtitle>
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      <title>About the Coming Paywall</title>
      <description><![CDATA[<p>In a couple weeks, the archives of our show will only be available to subscribers. Here’s why that’s happening and what to expect. </p><p>To learn more, go to <a href="nytimes.com/podcasts">nytimes.com/podcasts</a>.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></description>
      <pubDate>Wed, 2 Oct 2024 09:00:00 +0000</pubDate>
      <author>ezrakleinshow@nytimes.com (New York Times Opinion)</author>
      <link>https://www.nytimes.com/ezra-klein-podcast</link>
      <content:encoded><![CDATA[<p>In a couple weeks, the archives of our show will only be available to subscribers. Here’s why that’s happening and what to expect. </p><p>To learn more, go to <a href="nytimes.com/podcasts">nytimes.com/podcasts</a>.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></content:encoded>
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      <itunes:title>About the Coming Paywall</itunes:title>
      <itunes:author>New York Times Opinion</itunes:author>
      <itunes:duration>00:04:10</itunes:duration>
      <itunes:summary>In a couple weeks, the archives of our show will only be available to subscribers. Here’s why that’s happening and what to expect.

To learn more, go to nytimes.com/podcasts.</itunes:summary>
      <itunes:subtitle>In a couple weeks, the archives of our show will only be available to subscribers. Here’s why that’s happening and what to expect.

To learn more, go to nytimes.com/podcasts.</itunes:subtitle>
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      <title>Coming Soon: The Ezra Klein Show</title>
      <description><![CDATA[<p>Every Tuesday and Friday, Ezra Klein invites you into a conversation about something that matters. How do we address climate change if the political system fails to act? Has the logic of markets infiltrated too many aspects of our lives? What is the future of the Republican Party? What do psychedelics teach us about consciousness? What does sci-fi understand about our present that we miss? Can our food system be just to humans and animals alike?</p><p>Subscribe wherever you listen to podcasts.</p><p>You can find transcripts (posted midday) and more episodes of "The Ezra Klein Show" at <a href="https://www.nytimes.com/ezra-klein-podcast">nytimes.com/ezra-klein-podcast</a>, and you can find Ezra on Twitter <a href="https://www.twitter.com/ezraklein">@ezraklein</a>.</p><p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com">ezrakleinshow@nytimes.com</a>.</p><p>“The Ezra Klein Show” is produced by Rogé Karma and Jeff Geld; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></description>
      <pubDate>Wed, 13 Jan 2021 01:40:00 +0000</pubDate>
      <author>ezrakleinshow@nytimes.com (New York Times Opinion)</author>
      <link>http://nytimes.com/2021/01/19/opinion/ezra-klein-podcast-trailer.html</link>
      <content:encoded><![CDATA[<p>Every Tuesday and Friday, Ezra Klein invites you into a conversation about something that matters. How do we address climate change if the political system fails to act? Has the logic of markets infiltrated too many aspects of our lives? What is the future of the Republican Party? What do psychedelics teach us about consciousness? What does sci-fi understand about our present that we miss? Can our food system be just to humans and animals alike?</p><p>Subscribe wherever you listen to podcasts.</p><p>You can find transcripts (posted midday) and more episodes of "The Ezra Klein Show" at <a href="https://www.nytimes.com/ezra-klein-podcast">nytimes.com/ezra-klein-podcast</a>, and you can find Ezra on Twitter <a href="https://www.twitter.com/ezraklein">@ezraklein</a>.</p><p>Thoughts? Guest suggestions? Email us at <a href="mailto:ezrakleinshow@nytimes.com">ezrakleinshow@nytimes.com</a>.</p><p>“The Ezra Klein Show” is produced by Rogé Karma and Jeff Geld; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld.</p>
<p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>]]></content:encoded>
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      <itunes:title>Coming Soon: The Ezra Klein Show</itunes:title>
      <itunes:author>New York Times Opinion</itunes:author>
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      <itunes:summary>Every Tuesday and Friday, Ezra Klein invites you into a conversation about something that matters. How do we address climate change if the political system fails to act? Has the logic of markets infiltrated too many aspects of our lives? What is the future of the Republican Party? What do psychedelics teach us about consciousness? What does sci-fi understand about our present that we miss? Can our food system be just to humans and animals alike?

Subscribe wherever you listen to podcasts.

You can find transcripts (posted midday) and more episodes of &quot;The Ezra Klein Show&quot; at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein.

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

“The Ezra Klein Show” is produced by Rogé Karma and Jeff Geld; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld.</itunes:summary>
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Subscribe wherever you listen to podcasts.

You can find transcripts (posted midday) and more episodes of &quot;The Ezra Klein Show&quot; at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein.

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

“The Ezra Klein Show” is produced by Rogé Karma and Jeff Geld; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld.</itunes:subtitle>
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