John Friedman
Economist
2
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Aug 20, 2026
The Truth Behind The Educational Flush: People, Practice & Politics at War
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Rod BergerHOST
I mean, it's what, five and a half months? It's doubling itself? There's absolutely no way as a professor you can keep up with that.

John FriedmanGUEST
And I guess I want to sort of address two of the things you said is and one, how can managers be doing this on the one hand? And on the other hand, you know, look at what they're doing.

John FriedmanGUEST
I mean, the cutting out of the humanities and the social sciences is essentially an attack on critical thinking and sort of human thinking skills, right? Which we learn through the humanities and through, you know, the social sciences where we learn to ask questions.
16 MINS LATER
The Economic Impacts of COVID-19: Real-time Evidence from Private Sector Data | Markus Academy | Ep. 24
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Raj ChettyGUEST
Now I wanna compare that to firms that we think are likely to be above the threshold for eligibility, firms with about 1,300 employees on average.

John FriedmanGUEST
And you can see here, if you compare the purple to the green, that the trends are basically indistinguishable
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Do you have any bigger insights on universal basic income on that? Can you draw lessons that we should have a more guaranteed income or universal basic income? Or is this going too far? We're just drawing this conclusions for UBI.

John FriedmanGUEST
So I mean, obviously, the debate over UBI, there's an enormous literature here.

John FriedmanGUEST
I think the stimulus payments that Rod showed those graphs of are perhaps the most similar, not quite universal basic income.

John FriedmanGUEST
And, you know, certainly those payments, I think, did a lot of work in supporting many households with declining incomes in April.

John FriedmanGUEST
You know, whether we want to continue to have that type of very broad support going forward or we more want to focus on more targeted supports, either for households that have lost income or for households and businesses in particular areas where the shock has been particularly large.
