Allison Schrager on Free Markets, Public Pensions and America’s Appetite for Risk

In this episode of The Future of Liberty, Gov. Mitch Daniels speaks with economist and writer Allison Schrager about the misunderstood legacy of neoliberalism, the real effects of tariffs and fiscal policy, and the growing risks posed by public pensions and entitlement programs. They explore America’s shifting relationship to risk, the rise and fading of the “virtue economy,” the persistence of DEI in institutions, and the politicization of universities and scientific research. Schrager also reflects on generational attitudes toward freedom and what the country must do to remain innovative, prosperous, and free.

• The Meaning of Neoliberalism (01:00)
• Trade, Tariffs & Political Discretion (09:10)
• The “Virtue Economy” & Market Distortions (19:40)
• Politicization of Universities & Science (26:45)
• The Decline of Risk-Taking in America (38:13)

The Future of Liberty — Former Indiana governor and Purdue University president Mitch Daniels investigates the prospects for liberty and more through conversations with prominent thinkers and leaders across diverse fields. New episodes are available wherever you listen, including Apple Podcasts, Spotify, and YouTube. Visit thefutureofliberty.org to learn more.

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