Donald Trump promised lower prices and a stronger economy. Instead, Americans facing a devastating economic shock in the coming months. Matt Robison speaks with Anne Kim and Ira Shapiro, co-editors of Betrayed: America Didn't Vote for This, about the long-term consequences of Trump's second term, the damage to institutions, the rule of law, government competence, medical research, and democracy itself.Then Matt is joined by Lawrence Winnerman to discuss his blockbuster analysis of why rising energy costs, supply-chain disruptions, inflation pressures, and the AI economy may be setting the stage for a major economic downturn. They explore the hidden costs of the Iran conflict, the Strait of Hormuz, the growing gap between Wall Street and the real economy, and whether artificial intelligence could eliminate millions of white-collar jobs.Subscribe to Worth Knowing for independent analysis you won't find anywhere else: https://worthknowing.substack.com#Trump #Economy #Recession #Inflation #AI #ArtificialIntelligence #Politics #Project2025 #Substack #WorthKnowing #LawrenceWinterman #AnneKim #IraShapiro #DonaldTrump #EconomicCrisis #WhiteCollarJobs #MiddleClass #Tariffs #Iran #StockMarket00:00 Introduction: Actions, consequences, and America's coming economic shock01:17 Why Trump won in 2024—and why many voters feel betrayed03:35 Introducing Anne Kim and Ira Shapiro04:29 The most destructive thing Trump has done06:26 DOGE, federal workforce cuts, and institutional damage08:17 Elections, democracy, and public trust10:24 What insiders say privately about Trump13:12 The assault on the rule of law15:02 Damage that may never be reversed16:10 Can America's political culture recover?18:07 Why former Trump voters are turning against him19:11 The meaning of "Betrayed"21:18 Trump's legislative legacy and the SALT deduction debate22:05 What the authors hope this book will accomplish23:17 Citizen action and political accountability24:07 Can institutional damage be repaired?25:08 Has Trump created a playbook for future presidents?26:31 The critical choice facing America in 202828:38 Transition to Lawrence Winterman29:42 The economic consequences are coming30:20 Oil tankers, inventory cushions, and delayed inflation33:19 When consumers will begin to feel the impact34:13 Why even reopening the Strait of Hormuz may not help35:18 The long-term "stupidity tax"36:32 Known consequences vs. unknown consequences37:13 AI spending, recession risks, and economic distortion39:34 AI, white-collar jobs, and the coming disruption40:16 Why the stock market is disconnected from the real economy41:11 Are tech CEOs quietly preparing for a major shift?43:04 AI layoffs and corporate adoption44:08 Could AI replace millions of white-collar jobs?45:12 Is the AI boom becoming a bubble?46:06 What AI means for writers, creators, and Substack47:18 How AI is changing work inside major corporations49:39 Could AI create more jobs than it destroys?50:25 The productivity gap explained52:33 What happens during economic transitions?53:37 Ross Perot's "giant sucking sound" revisited54:34 Trump's failure to prepare America for AI55:14 Policy ideas to soften the transition56:20 Universal basic income and other proposals57:24 Why the real problem is that we're not having the conversation58:03 The benefits—and risks—of technological progress59:14 Should AI be taxed?1:00:04 Why America may already be running out of time1:01:00 Final thoughts and next week's episode📚 Guests:Anne Kim — Author and policy expertIra Shapiro — Former Senate staffer and authorLawrence Winterman — Writer at Blue Ant Media📰 Read more from Matt Robison:https://worthknowing.substack.com🎙️ Subscribe for more conversations on politics, economics, democracy, technology, and the future of America.