“Marketcraft isn’t left or right—it’s a method,” says Chris Hughes, co-founder of Facebook and author of Marketcrafters. In this episode, Hughes and host Peter High explore how governments have shaped U.S. markets over the past century.

They discuss economic history, policy strategy, and the role of institutions like the Federal Reserve and RFC in stabilizing the economy.

Key highlights include:

• Why the Fed is an overlooked example of successful marketcraft

• How the U.S. semiconductor industry was saved through coordinated policy

• The structural failure of U.S. healthcare markets

• Distinguishing industrial policy from broader economic strategy

• Hughes’s call for expert-driven, stable institutions in a volatile era