Resiliency and Change | Interview: Liz Hoffman

The Remnant with Jonah Goldberg1h 6mApril 27, 2026

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AI-Generated Summary

In this episode of The Remnant, Jonah Goldberg interviews Liz Hoffman, business and finance editor at Semaphore and author of 'Crash Landing,' about the current state of the U.S. economy, the impact of AI, and the chaotic economic policies under the Trump administration. Hoffman argues that while the U.S. economy has shown remarkable resilience despite tariffs, geopolitical tensions, and inflation, it is operating in a state of 'suspended animation'—with the full effects of supply chain disruptions and global instability yet to materialize. She warns that the rapid pace of AI development, while promising, poses serious sociological and spiritual risks, particularly for young, able-bodied men who may lose purpose without meaningful work. Hoffman critiques the Trump administration’s economic approach as driven more by nostalgia and personal power than coherent ideology, with policies like tariffs and immigration crackdowns inadvertently fueling inflation and labor shortages. She also discusses the dangers of prediction markets and the paradox of the U.S. embracing digital currencies while relying on the dollar’s reserve status. Despite the chaos, Hoffman sees significant bipartisan continuity in industrial policy, hawkishness toward China, and fiscal irresponsibility, suggesting that the real change may come not from ideology but from the need for predictability in an increasingly unstable world.

Key Takeaways
1

The U.S. economy is more resilient than expected but operating in a 'suspended animation' phase, with major supply-side shocks yet to hit.

2

AI is a one-way street with massive productivity gains but risks of job displacement and societal alienation, requiring new models of wealth distribution like UBI or AI dividends.

3

Trump’s economic policies are driven by nostalgia and personal power rather than coherent ideology, leading to inconsistent and often self-defeating outcomes.

4

Prediction markets and digital currencies pose serious risks to market integrity and societal values, despite potential benefits in price discovery.

5

Bipartisan consensus on industrial policy, China hawkishness, and fiscal irresponsibility suggests long-term continuity in economic direction regardless of administration.

Chapters
0:00
2 min

Introduction and Guest Background

Jonah Goldberg introduces Liz Hoffman, business and finance editor at Semaphore and author of 'Crash Landing,' highlighting her background at the Wall Street Journal and her new podcast 'Compound Interest.'

2:15
5 min

Economic Resilience and the 'Suspended Animation' of Supply Shocks

We're living a little bit in suspended animation. The effects of the war have not fully come through, but when they do, it's going to happen very, very quickly.

Highlight
7:00
8 min

AI: Promise, Peril, and the Future of Work

I worry more about the sociological consequences and sort of spiritual consequences of AI than I do about the economic ones per se.

Highlight
15:00
10 min

Trump’s Economic Psychology: Power, Nostalgia, and Chaos

Trumpism isn't an ideology. It's a psychology.

Highlight
25:00
10 min

The Fed, Interest Rates, and the Myth of Presidential Control

Hoffman explains why Trump cannot simply force the Fed to cut rates, emphasizing the Fed’s consensus-driven nature, the disconnect between short- and long-term rates, and the fact that economic signals (inflation vs. jobs) are now contradictory, making policy decisions extremely difficult.

High-Impact Quotes
I worry more about the sociological consequences and sort of spiritual consequences of AI than I do about the economic ones per se.
Liz Hoffman11:42
Viral: 90.0
Trumpism isn't an ideology. It's a psychology.
Liz Hoffman19:17
Viral: 88.0
We're living a little bit in suspended animation. The effects of the war have not fully come through, but when they do, it's going to happen very, very quickly.
Liz Hoffman4:21
Viral: 85.0
Speakers

Host

Jonah Goldberg

Guest

Liz Hoffman
Topics Discussed
Artificial Intelligence and Work92%Economic Resilience90%Trump's Economic Psychology88%Federal Reserve and Interest Rates85%Bipartisan Economic Consensus82%Prediction Markets and Gambling Culture80%Global Supply Chains and Resilience78%Dollar Reserve Status and Crypto75%
People & Brands

Liz Hoffman

person

45xPositive

Donald Trump

person

40xNegative

Jonah Goldberg

person

38xPositive

AI

other

30xMixed

Federal Reserve

organization

22xNeutral

Kevin Warsh

person

15xNeutral

Semaphore

organization

12xPositive

Crash Landing

book

10xPositive

Compound Interest

media

8xPositive

Polymarket

other

6xNegative

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