Allison Schrager on Free Markets, Public Pensions and America’s Appetite for Risk

In this episode of The Future of Liberty, Gov. Mitch Daniels speaks with economist and writer Allison Schrager about the misunderstood legacy of neoliberalism, the real effects of tariffs and fiscal policy, and the growing risks posed by public pensions and entitlement programs. They explore America’s shifting relationship to risk, the rise and fading of the “virtue economy,” the persistence of DEI in institutions, and the politicization of universities and scientific research. Schrager also reflects on generational attitudes toward freedom and what the country must do to remain innovative, prosperous, and free. The Meaning of Neoliberalism (01:00) Trade, Tariffs & Political Discretion (09:10) The “Virtue Economy” & Market Distortions (19:40) Politicization of Universities and Science (26:45) The Decline of Risk-Taking in America (38:13) You can find The Future of Liberty with Gov. Mitch Daniels podcast wherever you get your podcasts including on Apple Podcasts , Spotify , and YouTube . Stay connected with Liberty Fund on Facebook , Instagram , LinkedIn , and X .