The junior U.S. Senator from New Jersey thinks bipartisanship is right around the corner. Is he just an idealistic newbie or does he see a way forward that everyone else has missed?
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he served on the city council and then as mare by most accounts. It did a good job, uniting long time, rivals and lifting the city up. But as one journalist drove Booker's detractors saw him, as quote an infuriating phony, to care more about national fame than problem solving north mercury. Booker is prepared for a food stay up challenge you place a live for weak on the monetary equivalent of food stamps or led the way to the shore. Senator poker made a start to help with some shovelling, where the mayor's digging his people out one constituent in time. He just got home when he saw the house next door on fire. A woman trapped inside ran into a in building to save a nay, they got out a law than their book, was taken to the hospital for smoke inhalation. They are calling the super mayor tonight today on friggin, I'm a radio if Corey Booker is indeed a superhero. He just found his kryptonite.
Writing a book. I literally hit the heaviest I've been in my life, as I ate my way through. The stress of of working for a long days and then starting at midnight in finishing at four in the morning of trying to write as well son, easy thing to to write a book when you say not an easy thing? It was a year of how I just have ever seen. Authors. I never had before it frisk anybody's. Consider writing a book. Please know you're about to descend into Dantes Inferno. It's just a month. Order thing and I feel blessed have finished it. But a deafening took me. The dark places and some of my worst vices came out in the process set for people who are trying to lose weight. The best advice would be to night write. A book yeah I've learned now that our vices come out stress and my advice is to turn to a gross amount of empty carbohydrates. Don't write a book of here if your vices, empty carves I'm fine
w and why this is for economics. Radio broadcasting explores inside of everything. Here's your host, Stephen Corey Booker. A Democrat has been in the U S Senate since two thousand. Thirteen when long time, New Jersey, Senator Frank, Lawton Burg died in office Booker easily one especial election that here and one year later he won the regularly scheduled election. When we spoke, he was in the throes of a tour for his new book, which is called United, thoughts on finding common ground and advancing the common I question number one, which is more fun book tour Senate campaign, a book, a tour this as a lot more fun. Really I've never done a Senate campaign. I've done a book to ride in things that much funds, I'm glad you're enjoying it yeah I mean that's, looks
The thing I loved about the Senate campaign it having too in a row, which is a rare thing, eminence usually the six year terms- is that you get every corner of your state and meet incredible people, and so every day I being spy but at the same time, then you have somebody on the other side of the aisle in a large, the conservative media posse taking shots at you every single day. It's so since you're so comfortable on your book tour now I'll stand in I'll, be the proxy for that posse, taking shots at you, fat you comfortable. If that's what you're used to out, I want to let you down for those arriving. I you have no idea. I literally tell myself all the time. God bless the founders for the six year terms how to go through that hell again for a while. We will try to make this sum. Less hellish than their, although not entirely on hellish a little hell. What gives you appreciating heaven you can appreciate having with a little hell, let me ask you this inner Booker, most politicians books are pegged to running for office, mostly
not running for anything anytime soon that we know I'm I'm running from very different thing. So why look you have you have a great story to tell, and you have a lot of things to talk about that. You do well in this book, but I am curious about the timing. Why now, while I'm really finished with a stage, My life, being a mare, is a different than any other political job in Amerika. I still remember my first time comes, as a mere Diane Feinstein Senator from California, runs Maybe I don't know her and she looked at me and says you have the hardest job in american politics, while a big city man especially the mayor of a city with a lot of challenges. High poverty crime is a twenty four seven nonstop job I finish that in that I had to do to successive races for the United States Senate, which was very intense in and of itself. After going through a long period of intense living. I had a chest deep breath, and then I realized, hey everywhere, I went around the state. People want
Finally, all rights of the child, suburban urban, our all to me, how much they bemoaned how divided our country was divided. Our politics were in Booker's view, this division is the biggest problem in modern politics and he gets to see a lot of it these days, as an active campaigner for Hillary Clinton, Presidential run a race to the bottom up, she's gonna beat Obama, I don't know, what's happening for EU funds. The secretary of state is a disaster. Hillary Clinton will do anything to gain hang on to power anything positive way when did what Bill Clinton? I would have left him long ago in a certain way evil. I know it makes great tv. I think the guy went way overboard. Offensive outrageous pick your adjective. I do wonder how much more do
gold is the notion of finding common ground during the presidential campaign. It is incredibly difficult period and more difficult and silly season, as many call it during a presidential election, but who knows Kennedy said we do things because it's hard, not because easy, the most worthwhile things in life are difficult and say common ground. I use very purposely the word love. I reject words like tolerance, where we save where nation of tolerance that's the kind of a cynical or lazy state of being that I'm just gonna stomach your right to be different? If you disappear off the face of the earth are no better or worse off that love what we say. Treat his love of country, which therefore demands a love of Americans is a much harder way to go to. Europe will become much more vulnerable, your much more prone to be broken into fail, but the rewards of love that difficult choice launching road will always be greater than cynical way. That
short term, gain or short term political points. Maybe it's Is he still relatively new in the Senate, but Booker seems to believe that partisanship is not insurmountable. I'm so proud that I've got bills its pass with everybody from TED crews to chairman in half the republican chairman of the EPA W Committee, who famously brought a snowball to the Senate, for I found friendships and unexpected places, a genuine goodness in folks that I would not have discovered, by label them as tea Party or Republican, but I found that Common ground, in its resulted in some good things, Booker's biggest legislative priority is criminal justice, reform, backup, Ober. He and nine other senators introduced the sentencing, reform and corrections ACT. The Senate Judiciary Committee passed the bill in its
how awaiting a vote on Senate floor or federal prison population has exploded. Eight hundred percent, since one thousand nine hundred and eighty or state prison populations about five hundred percent overall, since one thousand nine hundred and eighty- and it is probably one of the worst self inflicted wounds in topic- these or other countries or investing in public universities, the speed of their rail, the collie, their ports, America's percentage of investment, infrastructure is potentially We ve been going down it, except for one area. We ve had this massive expense that no other countries done to themselves. In this country where we have just five percent population, but one out of every four of the imprisoned people on the planet earth or here in Amerika, and so this is something it hurts, everybody in America from the money were spending assault on liberty to the destruction, the destruction of le many community,
and the perpetuation of violence, because when somebody gets out of prison for nonviolent drug offense, they suddenly can't get bin many states food stamps. They can't get housing, HUD Housing. They can't get business licenses, as I understand that you were making good progress. But now things have slowed down, I'm curious if things have slowed down because of the presidential campaign, but also I love to hear you talk for just a couple minutes about what you're trying to accomplish. So I go to the Senate with a mission to undermine what I think is a cancer on the sole of our country find incredible allies across the aisle working closely. Cop brothers team, with Nuke Gingrich, even Grover Norquist. Can you go back and say that again, just in case anybody miss to you are working together with as a democratic senator from from New Jersey? You know I just gotta sweetest note from the wife of the Cook brothers, General Council, more cold in his wife had become legitimate friends. I love and respect them group Grover Norquist,
who's, a castigated by many people, my side, the aisle sat in my office. Why first came to the Senate talk passionately about this issue? You Gingrich's and activist in this issue and involved in it. You know in an honest Senate floor people like MIKE Lee people like ran Paul people are Chuck. Rascally has a leader and a champion this issue, and so I've introduce a lot a piece of legislation. Some of them I've gotten by cameras and by partisan support, but you are right right now. We ve had this good legislation. The Senate move at a Judiciary committee, hit the floor and work there that were seeing some challenge to it. So this ongoing negotiations right now to try to shore up are based on on the republican Democrats side in the Senate and now the challenges with a Supreme Court fight. Will they get to the floor, so I, been feverishly working, the phones to try to make sure that this legit
which, by the way, to compromise legislation. I don't think it's great. I think it's very good and, more importantly, reversing the trend of this country to get back on the track of moving towards common sense. In our criminal justice system, as well as deals towards redemption, where we are a nation that view you know of this great people from James Baldwin. Nelson Mandela, who say if you want to see the truth of a country dont visit their halls of power, go to their prisons in jails, who they are incarcerating. We in Amerika, shamefully overwhelmingly incarcerate, the mentally ill drug addicted, the poor and the brown people of our country, and- and we do not have a justice system which we say over the Supreme Court. When I walk out of the Kapital, I see it, they equal justice under law, so I'm hoping that we're gonna make some progress. I'm increasingly worried as we get closer and closer the presidential election, but I'm gonna
be fighting with all my grit to get this overlook over the finish line, you write about the irony what you call the irony that Congress past the so called crime bill of ninety. Ninety five after crime had begun to decline, and you cite research. This is on page one. Sixty four of your book. You say research by the Pew charitable trusts in the National Research Council. That shows our quote. You yourself, no correlation between our massive increases in sentencing and imprisonment, and this decline the crimes I know I do know of research on that we ve written about. Actually, I'm freaking onyx the argues, the opposite than imprisonment. As many reasons, there are two not lake massive imprisonment and I think that's easy to come up with a long list and as much as we can agree that a lot of imprisonment is completely not appropriate to the crime. There is evidence that suggested imprisonment does reduce crime overall. But when I was to look at the research that your citing the book. I found that there was no index in your book, but also
notes on the back, as are usually is with nonfiction books, there's no citation of sources or bibliography. So why is it? I realise that the book is a politician story, but it's also read by some people like me as a book about. Fiction arguments and I want that stuff. So, here is why you as the author didn't include the sites so that you know a sceptic like me can be assured that you're telling the whole truth. Oh that's! First, welfare criticism: because we made a conscious decision number one to back up everything we had so whenever reporter was to say, ok, you say: acts where'd you get it from so I can definitely get you the information if you want it, but we didn't put it in the back of the book and that's a fair criticism. White. I am actually carries as an author that why do not cause you know? It's not like. You have to pay for the extra pages, a publisher pick that tat noble. But for me it is a lot of things we
eight and we tested it. A simple Google search, a pew studies of incarceration. We give enough hints there that, if a dutiful person one find its easily found, in other words, I'm an old fashioned old guy who is paging overriding aren't enough of me to cow. Ok, I accept your answer. You don't look. We have now the majority of states pretty much all of them that, with a few exceptions, three states- and who have lower, and it's been more than half of american states have been making criminal justice reform LAW the prison populations and most Marcin overwhelming muslim scene of a drop in crime. At the same time, now that's correlation. Doesn't inclination, but the flames were often fanned with people I think I'll lock them all up, but you can look at other nations from what nations like us, Canada to ones like Russia. Much lower incarceration rates, much less expenditures of taxpayer dollars that are not experiencing the levels of
I am that we are what is the most way and the most economically sound way fiscally conservative way to deal with the problem of crime. Is it to do things that decent our people that make them more likely to commit crime, because, by the way, when you take a non violent offender, lock him up, you often lose their job. And then you do things like the incredible use of solitary confinement. In this country, which, and put in solitary confinement you'll find a lot of data on how that actually triggers mental health problems worsens mental health problems. The way we conduct of criminal justice and belies common sense, fiscal sense and moral sense. As a former mayor, of a city like Newark Booker has seen more and thought more than most senators about the knock on effects of high incarceration, especially for drug crimes, and since we persecute the drug war in the poor neighborhoods, we persecute the drug war disproportionately against minorities, because there is no difference between blacks and whites,
all in using drugs or even dealing drugs, but we know now from a lot of data. The blacks are about three point, seven times more likely to be arrested for it and when arrested for the same crime, blacks will, on average, get about twenty percent longer sentence, we're doing with particular men in these communities for doing things I witnessed in my apple tat. I grew up in specially on college campuses, where dwarves are not being raided. People coming home from a frat party not being stopped in frisked They were there be a lot more arrests on college campuses. What we're doing these critically poor communities is driving the very things within condemning people that lots of data shows we'd have twenty percent less poverty in America. If we had incarceration rates, there were similar to our industrial peers Let me ask about family for a moment the share of kids in the? U S, living with a single pair. There is no law over the recent decades, as I'm sure you know, is nine percent and eighteen. Sixteen nineteen percent making eighty roughly thirty four percent today, one out of three kids in the: U S, living the single parent,
and research shows that a two parent home is generally much more desirable. So I am curious for all the reforms that the Democratic Party, in particular talks about it. Doesnt talked much about. Emily Reform, Eubulus loaded way of putting that would be parental responsibility, but especially as a democratic party, attract many minority voters and in a large share of the single pair, and these Armand already found these. Only sixteen percent of white kids live in single mother families compared with twenty seven percent of the ten o kids and fifty two percent of african american kids. So I'm curious as someone who happened to be a minority from a to parent household, whose father was from a single parent household, with the rise in single parenthood over these years. What you think should be done if any I know you're working from the government side of things not from the family side of things, but where should the to me well forceful? I love and this is one reason why then give great shall because, when I was, I said in God we trust, but everybody else bring me data, and you know any America
that doesn't understand the differences between. Single parent household is dramatically different in terms of socio economic status quo. A allotted very dramatic data on that that's worthy of digging into, and I was mayor of the city- were about roughly. Seventy percent of my kids were born in poverty and seventy four. I think this correlation here, but about seventy percent. My kids were born to single parents and end, but there is a nexus here between policy and what some would like to call family I'll use, because the policy we have in this country works against the development of strong families and strong children especially when you look at our competitors believe what they are doing to support families and children and what we are not doing, and what the good examples of this worthy only country, industrialized countries. The Congo and Afghanistan have paid family leave, but yet we put american parents every single day who are working full time. Jobs often double
because the minimum wage has not kept up with inflation since one thousand nine hundred and sixty thirty percent higher, if it just came up with inflation, be much higher than that if it kept up with productivity that you have parents who have these tragic choices every day in America, between being there for sick child, we're missing a payday missing a paycheck which would plunge them in the poverty might even put them at risk of losing. Cars are losing their apartment. We are a country can be Your peers were not investing in again something else. It makes for strong families, strong children which, as you know, so precarious? Our competitor nations are understood that there is a direct economic link between kids were involved than preschool and kids that are not in terms of their productivity in the long term. So there's all these policies in other countries due to support families too. Four children that we really the anomaly the outlier dont do and We turn around appoint fingers at families for being bad. Parents
You re very movingly in the book of your parents. You call them your constant mentors, my first and greatest teachers. You refer your dad in particular as a superhero to me throughout my life. Your book is the memoirs of some one raised in an extremely loving and extremely solid to parent household, with additional support from grandparents? How important would you say that has been too? we're success. I mean it is all that I am an added to that was a community then I grew up in where I became Olmert, Highschool football player, because men and women in a small town in nor the New Jersey who work full time, jobs and still came home and coached me people on my block when my parents, both working parents, couldn't Nasser. Let me come in. They have me over their homes and give me food, as I did my homework, so I am in many ways what my father said that result of a conspiracy of love. He would recount to me what black people and white people and Christians and Jews all these folks that
lodged my family from poverty, not through some big piece of legislation, not through some big speech or campaign, but ordinary Americans committed to these ideals of our country, who showed, for ordinary love, kindness and decency that there may even small acts, but in their aggregate they the amounted to a trend? Norman of change of a family that really shouldn't have broken out of poverty, but did not just because of a hard working dad, but because of this interdependency that was made manifest in spirit and inaction. But we I understand my parents never hesitated to show me the wretchedness, the bigotry, the darkness of a man in life and telling me the stories of that the challenges still to go and that's what I love is I've never been one that wanted us to sanitize or whitewash or history or present that to be a hopeful American does it mean ignoring the challenges and so you're right? I had this incredible foundation, but my parents,
did my moral compass directly at the unfinished business of this country and said I can't pay back the blessings I inherited. My father said you now can't pay that back, but you gotta pay forward coming up after the break. I am pretty sure that Senator Booker calls me a coward. I'm not gonna projected onto cynicism, but I often say cynicism is a refuge for cowards We find out the one life goal he hasn't accomplished yet said data wake up and realise that you're here If plan that you made me were eighteen and writing your goals. Is nowhere near trip about the rumours that Booker will be. Hillary Clinton is BP choice. Yes, I will be Hillary Clinton. Vegan practitioner. Remember if there's an episode of economics, radio that you missed you can find out.
Entire archive at the freshly redesigned for economics at com. You can also subscribe to this part cast on Itunes or the podcast vendor of your choice. Corey Booker grew in a middle class black family. In the mostly white town of Harrington Park Natures, his parents were among the first black executives to work at IBM, his father and sales mother and market. Today, Booker is one of just two african Americans. In the U S Senate in his book, United, he writes about race through his own experience chapter one, for instance, begins. The chapter begins. I hate terribly Louis Gates because of some very humbling things he did to me. It's a great shout,
about your weight, ancestry have skipped gates, lead. You are his dna hunt and its fascinating, and you discover that you have nearly as much european DNA as African American DNA. I think you're, forty seven too. Forty five? Is that right? Yes, sir? Yes, sir, but here's your do. I want to ask you: is it not strange that that race, in the? U S and elsewhere, is Well so, extraordinarily, I guess black or white, rather than black and white. What I mean by this is look. You have white answer, he's, as do many african Americans. President Obama has await mother, and yet he is rarely referred to. His half way is viewed as black. For the most part, I know it's been a long time since the old one drop of blood rule, but it seems to be almost in a strong effect now and I'm really curious about your views on this and the way we look at and talk about, an agonize over race generally well sure from either
very straightforward. First love how nice would it be to say there's no black, there's no white were all too shades of the ring oh all, equal, and that sounds really nice, but we live in a society in which you experience institutions in this country very differently, based upon your race, fascinating studies out of place of art, Harvard just changing the picture on a resume changes: the outcome of the job that the person will get fascinating studies about the criminal justice system or the like the death penalty, will you're dramatically more likely to get the death penalty if you're, if you're minority, whose killed somebody that's white to not talk about raised in America with its profound consequential nature, to not confronted these things and to save the society, this is not a black or white issue. This is an american issue, were all envy: in this because of our values true equality under the law common destiny. To me as it is,
I see that they were beyond race at this point, nor were our country's history. When we still be talking about it, and so for me I guess What reveal revere my parents? God bless him because Like worry, your liberty has come about through the struggles of blacks and whites, gay, folk and straight folk, Are they really wanted? Let me know the debt that I owe when we moved into Harrington Park. We were denied, my parents were racially. You're out of their they got a white coupled opposes them. You tell this great story about a sting that had to occur for your parents too, by the house it they were fully entitled to buy, but were being kept from buying, yeah, right and involved in this elaborate, thing operation were black people might people until this is what my parents want to meet celebrate in my life, the beauty, the magnanimity the love of all races that that enable my family that move to where we are, but we would be, it would be folly to the legacy of struggle of those black and white amount,
Kids do not continue to move until we can get to that point in our country where and you love statistics where the statistical outcomes are not so deeply affected by the color of someone skin if I type the words Corey Booker and then the letter B into Google. The auto filled gives me vice President Corey Booker before either voting record or vague and which you are the beacon assumes yes. So I'm various youve endorsed Hillary Clinton and have been campaigning with her and for her, and you have been mentioned as a potential bp candidate. So let's the scale of one to ten. How excited would you be or interested? Would you be in accepting an offer to run with her as VP on the ticket? What you saw my took it might by joke, as you gipsying VP and
responded to somebody on Twitter who asked the question with VP, and I said yes, I will be Hillary Clinton vision practitioner. Phil accelerate the about that role, ebony step it all. My life, I've noticed politicians. We only have a few yoga weren't. You wanted to give you a few seconds to immediately after a bit you can think of type it look. It is, it is to be folly to focus on hypotheticals like This is in the trenches of a fight, and I'm gonna do everything I can to help her win and focus on the real and seas of my life, which has been a great senator and passing some infrastructure infrastructure stuff. I wanna do for New Jersey to criminal justice reform, so I dont even entertain that because I think it so it at this point. It's it's farcical to focus their Can I just tell you for a minute why I personally hate politics, and maybe you tell me why I should hate a little bit less. Would you be willing to defend your occupation, sir, and
I'm sure I am not speaking just for myself. I think I'm speaking for many many many people. So, let's start with as it in economics and elsewhere. There is a principle that I'm guessing you ve run across called the principal agent problem, and that means you know when there are a variety of people involved in what seems to be a team suit, a principle in an agent or a bunch of agents were all kind of rowing in the same direction. The fact is it off in the principal agent have Miss aligned incentives. I think that's the way it feels or certainly mean a lot of people. When you look at politics, it seems as though most people get into politics into electoral politics really do have great priorities. They really want to represent their constituents and an accomplished the most good, they can and yet the way the system is set up. It seems as though many, if not most politicians, once there in office in the game, they start to respond to their private incentives rather than those public incentives. And I wonder if you could just talk about
that struggle, maybe you're so relatively new into a national politics at your still pure and still feel like you're, representing constituencies and ideas as best as your camera. I be really curious to tell if you could people why politics is is less rotten than we all think what I've had now to dramatically different experiences. I was an executive as a mare, and then it was the big picture for me, always an icy frustrate with my legislature, who seem to be concerned about short Some things or things it warrant to the bigger issues that we are dealing with, an ironic will. The friend of mine might Bloomberg that I was gonna, be running for the Senate and he having been an executive too is gruff answer almost like a disappointed at big brother, by the way, where Bloomberg for those interests in politics gimme the best advice in politics, I've ever gotten which Corey before you become a mare, become a billionaire and done with
not beholden to anybody forever. Then right exactly exactly, but he just said to be something that I'll never forget. You securing legislators in Congress are concerned with these first three priorities for anything else, and he said very skeptically reelection, reelection, reelection and, and so now, I've been in down there for two years and we put a lot of great people in a broken sister Where there's a lot of things, I think work against us getting things done. The campaign, violent system that is profoundly broken and, I think perverse too just the way we draw our congressional lines. We draw district. Blue, blue and rhetoric redder and we wonder, then why the margin seem to control the centre. So in the legislature I see a lot of forces like that happening and then the thing that for me, as a former executive, its were bothers me sometimes is that you get caught up in just this this two year cycle or the next crisis.
As opposed to looking at this larger way. In fact, I often say we were running this country. Like America Ink, we would be making much better decisions about what to do. Companies are often concerned with their physical play. Staying out of the competition that qualified employees, we start investing in our physical planner infrastructure. The way we should we stop the concern about staying have competition, research and development. Work were going down that percentage of our GDP and then the calling for employees the training of the next generation of american workers, weren't we're not doing the coms as things at our competitors are doing. But this is the final thing I say to you, who use. The word views are very strong word, which was hate and I'm not gonna projected you want onto you cynicism, but I often say cynicism is a refuge for cowards, that it is a toxic spiritual state that is so clouds our ability to see faint possibilities.
Hope amidst the glaring problems that we often wiper hands of any engagement whatsoever, a we allow our inability to do everything to undermine our determination to do something about the problem when the biggest challenges I in our democracies because of feelings like you have more and more people get less involve, which then create the very problems that we are worried about because of the lack of accountability and calcium in Rome, the Latin says, who will watch the watchers Latin Amerika much or the languages who will watch the watchers and an end. The best example I give this forgive the this sounds a little partisan to you, but in two thousand and eight, when I went to vote there, line wrapped around my voting place, like I never seen before. Brok Obama versus John Mccain and the turn out all across New Jersey was like, like set.
According to one year later, is the good of toil race in New Jersey John Course. I come and governor warning against a guy. You may have heard never heard of what is named Chris Christie, and there was no law I went in and voted easily. I hold the pole worker that was Erika she looked lonely and then John Course I lost Chris Christie One and that, in turn out in urban spaces, especially had been just maybe seventy five percent of what it had been the year before John Course. I would have one different priorities, and so Chris Chrissy gets an office in pulls us out of the whole region, greenhouse gas agreements greenest to lower pollutants in the air. Remembrance. These, like mine asthma rates, are incredibly high. He beat cuts funding to plan parenthood. People coming to me about plant protein doors, closing he lowers the earning contacts, credit, which is a virtual tax increase on on loan from workers. He cut funding to cities every major city. Josie had lay off cops or cut their police force. So peoples are coming to me complaining about all this, and I say what are you talking about
are we complaining or pointing the finger at Chris Christie when it really wasn't about him, it our lack of action engagement in, and so when I encounter scepticism of politics. I just tell people, don't expect the politics of our country to change unless you do, who are we in this day and age where we are relative to the globe enjoying such? comforts inconveniences. Why would we give right now or surrender cynicism at a time that our politics in our. Nation demand more engagement, or else we will start of your off course and become a country that the shadow of the greatness of the past I accept your challenge to shed my cynicism, although I would argue it's more scepticism, cynicism, but I take your point entirely, but just to prove that I haven't divorce myself from thinking about improve. The system I do want to run one idea, I've had by you- and I cannot say I run this past. A lot of politicians, I've never got much traction with it, but I think you might be the man
We say it's impossible, it would never happen, but here's one proposal: how about we change incentives in our legislative system. Its think about? U S? Congress of the? U S, Senate, and rather then inviting people to run for office and then be dogged by the need to be re, elected and raise more money in and then engage in short termism legislatively because of the need for reelection. So on what? If legislators were remunerated differently. What if they were essentially awarded the equivalent of stock options when their work pays off so few working on a transportation project education? Whatever? and it might not be for ten or twenty years you might be long out of office but eyes. A taxpayer would love to write a check for a few million dollars to someone who actually did work. It worked in the long run and accepted the responsibility if it didn't, and so I guess you have to be a claw back as well as the vesting. Can I get on board my camp
and institute this new legislative incentive system, please yet her. First of all, I want to tell you, for I hate the word impossible and so, when I hear people start without this may be impossible. That gives me more excited, and so just to give you some confidence in your stance of what you think is impossible, but need There are a lot of governmental, especially the local level. There experimenting with exactly what you're saying in terms of incentivize in government actors like we did it when I first got an office about hey if you can give me an idea that will save the city of New York five million dollars, why don't you it'll bonus and pay? There is now. I love this trend in and govern at the local level you're seeing which is paper performance? In other words, if I have a program that could save other could do prisoner reentry programmes, and I think the federal government, significant borrow money. Why shouldn't I enjoy some of that I would- of ways to tinker with the incentives of legislators down Washington, not especially if it came around
saving money or creating growth or some of our shared priorities. The only thing I have to warn about is the the law of unintended consequences and that something that I look at everywhere and by the ways to big tinker's it will be at the top of my list would be again the changing district lines and changing the way we fought by US campaigns, because we are definitely rational actors within government that are doing things in their own incentive to be re elected that create a more perverse reality for the democracy as a whole. I have one final question. This is a question. We ask how many people on the show senator Corey Booker? What is something that you believe to be true long time until you find Now you are wrong, God, God, so Think the thing that I believe for the longest time- and please please, if my mom is not listen to this, get her the clip
is, I believed, for years and years that by the time I was forty six I would be married with children, and I am single and childless and so that the third data wake up and realise that Europe, your life plan that you made when you were eighteen and writing your goals is nowhere near true Lou, Why do people listen to showed? You want to turn this into a very brief online dating anyone, it's kind of verbally state, your profile. What you're looking for is- and you know my staff has done a pre emptive strike on that by saying we will never ever go on online dating if they hear me say that. Word, tinder ever, which are I'll just violated or or add or jade eight or her or christian mingle. They won't baby havoc. They have a little buzzer that that all my Iphone, they actually shocks me. So no, I
going I'm a believer in love not just in their arrows way, but I believe that the greatest love going back to my book is the got Bay Way and the society the love, and so I will be a purveyor of the latter and hope it will. Stumble over the former sender bucket. Thank you so much regulations on the book, it's called United. I very much appreciate the time. Thank you for this great Rotation. I've been admirer of you and your show for a long time. Thanks. So much really nice of you to say be well are by now, pay packets listeners we need your help for an upcoming episode about airline travel I ve, got on stand by a pilot for a major airlines whose willing to answer any question or even field any complaint that you have about food. So we want you to record your question or complaint just use the voice up on your phone and send the file to us. Radio at for economics, dot com
sure you say your name, what you do where you live and then tell us what you want to know from the pilot. Please be brief, be specific and don't be too mean thanks, for economics, radio is produced by w when my c studios and W productions, this episode was produced by Ferber conjure. Our staff also includes Jake how it merit Jacob Christopher Worth. Gregg results the cash him a highly bitch, Alison Hockenberry. In Caroline English. You can find all our previous episodes at for economics dot com. You can also subscribe to this progress
Itunes or wherever you get your punk hither, Stephen Dublin again, one more thing, if you like for economics, radio, I think you'll also like the latest episode of people, I mostly admire the podcast hosted by my free economic, spreading co, author, Steve Levin. Here's what it sounds like a guest today, Sue bird. She collects championships she's for W Nba championships, five euro, the best about championships to end she ate championships for international,
basketball federation, world cups and four olympic gold medals. I'd like to talk about the economics of professional basketball, so the average player in the NBA made eight point three million dollars into the nineteen and in the W Nba the average with eighty thousand is frustrating just now. I think. Actually, if you look at twenty twenty our minimum is now higher, but we all put in the same amount of work. So is it. Hard to swallow, knowing that somebody else's work is being rewarded at times by I live in reality. I understand business and economics. Some people look at us as like charity. They go will will help them out like an it in a terrible what sense, not unlike this business,
vestment way and we think do look at us as an investment immediately. Its talked about how we don't make money- and it's like fifty years ago in the nba- did either, but people are willing to make that investment get behind it and growing people. I mostly admire you can find on your favorite Pakistan Hither, Stephen dubbing again, one more thing: if you liked the episode you just heard, we think you like something else in the friggin hammocks radio network. Look for this interview on the new podcast people. I mostly admire with host Steve, let my guest today Sue bird. She collects championships she's for W Nba championships, five euro, the best while championships to end she ate championships for
international basketball, federation, world cups in four Olympic Gold medal. I would think that, in order to be the player you are, you would have to be a person who actually gets better under pressure rather than worth. Well. Obviously, there are people who are known for heading big. Shots are known for playing while in big gains that exists for sure, but I think we kind of frame it the wrong way. It's not that you're gonna make nine at it. It's that you might make three at a ten but somebody else's, making zero it's on whose most successful, it's like who's. The most successful the least successful- that is, people, mostly admire. You can find it on your favorite podcast app subscribe now, so that you don't miss single episode,
Transcript generated on 2021-01-25.