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Jon Hartley and Tevi Troy discuss Tevi’s career as a Presidential historian, serving in a variety of roles in the George W. Bush administration including as White House Domestic Policy Council Deputy Director and as Deputy Secretary of Health and Human Services, as well as Tevi’s new book The Power and the Money: The Epic Clashes Between American Titans of Industry and Commanders in Chief.
Recorded on December 26, 2025.
ABOUT THE SPEAKERS:
Tevi Troy is a senior fellow at the Ronald Reagan Institute, a senior scholar at the Straus Center at Yeshiva University, a former deputy secretary of health and human services and White House aide, and a best-selling presidential historian. His latest book, The Power and the Money: The Epic Clashes Between American Titans of Industry and Commanders in Chief, was named as one of the best books of 2024 by The Economist, The Guardian, The Jerusalem Post, and The Week.
Troy served as deputy secretary of the US Department of Health and Human Services from 2007 to 2009. As deputy secretary, Dr. Troy was the chief operating officer of the largest civilian department in the federal government, with a budget of $716 billion and over 67,000 employees. He previously served in various executive branch and congressional roles including as deputy assistant to the president for domestic policy from 2005-2007 and domestic policy director for the House Policy Committee from 1996-1998.
Follow Tevi Troy:
Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.
Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.
Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper.
ABOUT THE SERIES:
Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.
For more information, visit: capitalismandfreedom.substack.com/
