Liz Hoffman: Why We Are So Pessimistic About a Resilient Economy

Today on the Gist, digging into the rhetoric around California's Proposition 36 and examining how advocacy groups frame low-level arrest statistics to push the narrative of mass incarceration. Then, Semafor's Business and Finance editor and Compound Interest podcast co-host Liz Hoffman returns to the show. She discusses the bizarre disconnect between a strong economy and sour consumer sentiment, the fading legal backlash against social media companies, and how the massive wealth generated by AI startups could severely worsen the wealth …