Plain English with Derek Thompson

The crypto industry seems poised for a new golden age. But what exactly does that mean? Who would benefit? And, oh by the way, what does this technology do other than serve as a set of assets to bet to the moon? I have lots of questions about the state of crypto right now. Last week, Bitcoin traded above $100,000 for the first time in history. Its price has skyrocketed since Donald Trump’s win, as a wave of investors bet that the next four years will mark a new renaissance. And this isn’t just a time for optimism. It’s also a time for recrimination. In the last few weeks, several major tech figures, including the venture capitalist Marc Andreessen, have condemned democrats for what they describe as an illegal war on crypto. Austin Campbell is finance vet, an adjunct professor at Columbia Business School, and the founder of Zero Knowledge Consulting. Today, we talk about the purported war on crypto, starting with the origins of "debanking" practices under Obama; we talk about why crypto now seems like a majority-republican technology in an industry that has historically been democratic; we talk about the biggest use cases of crypto around the world; and Austin tells me why he thinks many people in the industry still aren't thinking clearly about the future of finance. Host: Derek Thompson Guest: Austin Campbell Producer: Mike Wargon Learn more about your ad choices. Visit podcastchoices.com/adchoices

In the last decade, several major findings in social psychology have turned out to be hogwash—or, worse, even fraud. This has become widely known as psychology's "replication crisis." Perhaps you have heard of power poses—based on a study finding that subjects reported stronger “feelings of power” after they posed, say, with their hands on their hips for several minutes. But that finding did not replicate. Or perhaps you have heard of ego depletion—the more famous assertion that, when people make a bunch of decisions, it exhausts their ability to make future decisions. Again: did not replicate. “There’s a thought that’s haunted me for years,” social psychologist Adam Mastroianni has written. “We’re doing all this research in psychology, but are we learning anything? We run these studies and publish these papers, and then what? The stack of papers just gets taller? I’ve never come up with satisfying answers. But now I finally understand why.” Today’s episode features two interviews. First, I talk to Adam about his big-picture critique of his own field: how psychology too often fails as a science, and what it can do better. Second, we speak with journalist Dan Engber from The Atlantic, who has been reporting on a billowing scandal in psychology that has enveloped several business school stars—and raised important questions about the field. What is psychology for? What would progress in psychology mean? And how can this field—which might be the discipline I follow than any other in academia—become more of a science? If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guests: Adam Mastroianni and Daniel Engber Producer: Devon Baroldi Links: “Is psychology going to Cincinnati?” by Adam Mastroianni  https://www.experimental-history.com/p/is-psychology-going-to-cincinnati "I’m so sorry for psychology’s loss, whatever it is" by Adam Mastroianni  https://www.experimental-history.com/p/im-so-sorry-for-psychologys-loss#footnote-anchor-3-136506668 “The Business-School Scandal That Just Keeps Getting Bigger” by Daniel Engber  https://www.theatlantic.com/magazine/archive/2025/01/business-school-fraud-research/680669/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Emily Oster, professor of economics at Brown University, joins the show to talk about Robert F. Kennedy Jr., his theories about fluoride and vaccines, and how the media and science community should treat the most controversial topics. This is a new age of science and information, where trust seems to be shifting from institutions like the FDA and CDC to individuals like RFK Jr. and Oster, and I consider her a model of public health communication. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Emily Oster Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

What would a world of self-driven cars look like? How would it change shopping, transportation, and life, more broadly? A decade ago, many people were asking these questions, as it looked like a boom in autonomous vehicles was imminent. But in the last few years, other technologies—crypto, the metaverse, AI—have stolen the spotlight. Meanwhile, self-driving cars have quietly become a huge deal in the U.S. Waymo One, a commercial ride-hailing service that spun off from Google, has been rolled out in San Francisco, Phoenix, Los Angeles, and Austin. Every week, Waymo makes 150,000 autonomous rides. Tesla is also competing to build a robo-taxi service and to develop self-driving capabilities. There are two reasons why I’ve always been fascinated by self-driving cars: The first is safety. There are roughly 40,000 vehicular deaths in America every year and 6 million accidents. It’s appropriate to be concerned about the safety of computer-driven vehicles. But what about the safety of human-driven vehicles? A technology with the potential to save thousands of lives and prevent millions of accidents is a huge deal. Second, the automobile was arguably the most important technology of the 20th century. The invention of the internal combustion engine transformed agriculture, personal transportation, and supply chains. It made the suburbs possible. It changed the spatial geometry of the city. It expanded demand for fossil fuels and created some of the most valuable companies in the world. The reinvention of last century’s most important technology is a massive, massive story. And the truth is, I’m not sure that today’s news media—a category in which I include myself—has done an adequate job representing just how game-changing self-driving technology at scale could be. Today’s guest is Timothy Lee, author of the Substack publication Understanding AI. Today I asked him to help me understand self-driving cars—their technology, their industry, their possibility, and their implications. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Timothy Lee Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices