In this episode, I sit down with Professor Darrick Hamilton — economist, public intellectual, and founding director of the Institute on Race, Power, and Political Economy at The New School — to understand what baby bonds are, why they matter, and how they could help us expand economic freedoms for all Americans.
What we cover:
- What baby bonds are and how they work
- Why economic freedom is the precondition for all other freedoms
- The case for economic birthrights
- Why Trump Accounts co-opt the idea
- The difference between a handout and an investment
- How wealth inequality becomes political dysfunction
- What it takes to advocate for a bold idea and tip it into the mainstream
About the guest
Darrick Hamilton is a university professor, the Henry Cohen Professor of Economics and Urban Policy, and the founding director of the Institute on Race, Power and Political Economy at The New School. Considered one of the nation’s foremost scholars, economists and public intellectuals, Hamilton’s accomplishments include recently being profiled in the New York Times, Mother Jones magazine and the Wall Street Journal and being featured in Politico Magazine’s 2017 50 Ideas Shaping American Politics and the People Behind Them issue. Also, he is a member of the Marguerite Casey Foundation in partnership with the Group Health Foundation’s inaugural class of Freedom Scholars.
Hamilton has been involved in crafting policy proposals, such as Baby Bonds and a Federal Job Guarantee, which have garnered a great deal of media attention and served as inspirations for legislative proposals at the federal, state and local levels. He has served as a member of the economic committee of the Biden-Sanders Unity Task Force; he has testified before several senate and house committees, including the Joint Economic Committee on the nation’s potential policy responses to the COVID-19 pandemic-induced health and economic crises; he was a surrogate and advisor for the Bernie Sanders presidential campaign; and he has advised numerous other leading Members of Congress, as well as various 2020 presidential candidates.
Follow Professor Hamilton on Twitter
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