Behind the intense political movements of the last decade, from Trumpism to wokeness and back again, there’s a strange and erratic rhythm. Movements saturate the culture seemingly overnight, only to evaporate or spark backlash just as rapidly. We’re extremely politically engaged, yet we’ve rarely felt so powerless to create lasting policy change.

I haven’t seen many very successful attempts to explain what is driving this volatility. But one concept that has taken off recently, and captures what so many of us are feeling, is “hyperpolitics.”

The idea comes from Anton Jäger, a historian and contributing writer to New York Times Opinion. In his book “Hyperpolitics: Extreme Politicization Without Political Consequences,” Jäger theorizes what it means to live in a moment marked by hyper-engagement — high voter turnout, mass protests, trends that flare up and fade with extreme rapidity — yet where institutional trust is low, institutional relationships are decayed and people are disconnected from the structures that make political efforts stick.

I think Jäger’s theory cuts to the core of this political era. So I invited him on the show to break down what hyperpolitics is, how we got here and what it actually takes to build lasting change today.

Mentioned:

“Hyperpolitics: Extreme Politicization Without Political Consequences” by Anton Jäger

“Hyperpolitics in Command?” by Anton Jäger

“Trump’s Revolutionary Sense of Time Is Changing Politics” by Ivan Krastev

“Public Opinion” by Walter Lippmann 

Book Recommendations:

“The Prophet” by Isaac Deutscher

“Cheese” by Willem Elsschot

“Quelques mois dans ma vie” by Michel Houellebecq

“Extension of the Domain of Struggle (Whatever)” by Michel Houellebecq

“Serotonin” by Michel Houellebecq

Thoughts? Guest suggestions? Email us at [email protected].

You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html

This episode of “The Ezra Klein Show” was produced by Marie Cascione. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota and Gautam Srikishan. Our recording engineer is Aman Sahota. Cinematography by Marina King and Azamat Yakubov. Video editing by Dani Dillon and Arpita Aneja. Our executive producer is Claire Gordon. The show’s production team also includes Annie Galvin, Rollin Hu, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser. 

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

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Whatever type of music you love, Rick Rubin has probably left his mark on it. Rubin, a founder of Def Jam Recordings and a former co-chairman of Columbia Records, might be the most influential music producer alive. A very partial roll call of the artists he’s worked with: Johnny Cash, Jay-Z, Run-DMC, Eminem, Beastie Boys, Slayer, The Red Hot Chili Peppers, Kanye West, Neil Diamond, Brandi Carlile and Adele.

We recorded this in 2023, after Rubin released a fascinating, unusual book, “The Creative Act: A Way of Being.” I’d expected stories of late-night sessions with famous musicians, but instead it read like a spiritual tract. Rubin was offering a guide to how to cultivate the mind states that lead to real creativity. And that’s what this conversation was about, too: how to open yourself up more to the world, and learn to trust your own taste. 

Rubin’s advice feels more relevant with each passing year, as technology gets ever better at hacking our attention and the world fills with A.I. slop. So I wanted to share this episode again. 

Mentioned:

The Tao Te-Ching by Lao Tzu, translated by Stephen Mitchell

“American Recordings” by Johnny Cash

“Pulses” by Steve Reich and Erik Hall

“Music for Wobbling. Music Versus Gravity.” by F.S. Blumm and Nils Frahm

Album recommendations:

“Forever Changes” by Love

“The Beatles” by The Beatles

“Ramones” by Ramones

Thoughts? Guest suggestions? Email us at [email protected].

You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on X @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

This episode of “The Ezra Klein Show” is produced by Annie Galvin. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld. Our recording engineer is Aman Sahota. Cinematography by Marina King. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Rollin Hu, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser. Special thanks to Jon Caramanica, Dan Charnas, Jack Hamilton, Felix Grimm, Carole Sabouraud and Kristina Samulewski.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A lot of things are on track to get more expensive. 

The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven’t seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down. 

So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what’s in store for the economy?

Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.” 

This conversation was recorded on August 24, 2026.

Mentioned:

“An Economic D-Day Is Coming for Iran” by Scott Bessent

Book Recommendations:

Barbarians at the Gate by Bryan Burrough and John Helyar
The Prize by Daniel Yergin
Lords of Finance by Liaquat Ahamed

Thoughts? Guest suggestions? Email us at [email protected].

You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html

This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Kristen Williamson, Brandon Belk-Yee and Dani Dillon. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In a couple weeks, the archives of our show will only be available to subscribers. Here’s why that’s happening and what to expect. 

To learn more, go to nytimes.com/podcasts.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Every Tuesday and Friday, Ezra Klein invites you into a conversation about something that matters. How do we address climate change if the political system fails to act? Has the logic of markets infiltrated too many aspects of our lives? What is the future of the Republican Party? What do psychedelics teach us about consciousness? What does sci-fi understand about our present that we miss? Can our food system be just to humans and animals alike?

Subscribe wherever you listen to podcasts.

You can find transcripts (posted midday) and more episodes of "The Ezra Klein Show" at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein.

Thoughts? Guest suggestions? Email us at [email protected].

“The Ezra Klein Show” is produced by Rogé Karma and Jeff Geld; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.