Episode Summary
Executive Summary: In a live Masters in Business interview, Michael Lewis discusses his latest book Who Is Government, a profile-driven look at overlooked federal employees whose work has major public value. He explains his process of finding extraordinary civil servants, defends the book’s civic purpose, reflects on earlier books and film adaptations, and answers audience questions about government, politics, and his journalism.
Main Topics: Who Is Government and the federal civil service (Priority: 5/5): Lewis frames the new book as a collection of character studies about mission-driven federal workers whose expertise and impact are largely invisible to the public. How the book was constructed (Priority: 5/5): He explains that the project began as an extension of The Fifth Risk, then grew via collaboration with six coauthors who each explored different agencies and people. Government as a source of public value (Priority: 5/5): Lewis argues that many agencies do essential, high-skill work that people only notice when something goes wrong, especially in weather, safety, and public administration. Storytelling, curiosity, and literary opportunism (Priority: 4/5): He describes his writing method as curiosity-driven and often accidental, saying he follows compelling people and situations rather than predetermined topics. Earlier books and the pattern of outsider protagonists (Priority: 4/5): The conversation revisits Liars Poker, Moneyball, The Blind Side, The Undoing Project, and The Fifth Risk, highlighting a recurring focus on outsiders and overlooked systems. Journalism, access, and public narrative (Priority: 4/5): Lewis discusses how access works in his reporting, how subjects react to being written about, and how journalism can change public understanding of politics and institutions. Audience questions on John McCain and commerce/energy (Priority: 3/5): The Q&A expands the discussion to McCain’s influence on Lewis’s writing and to what the Commerce and Energy Departments actually do.
Key Arguments: The federal government contains extraordinary specialists doing consequential work that is largely invisible to the public. Lewis’s books emerge from curiosity and proximity to real people, not from abstract themes or policy agendas. The Fifth Risk and Who Is Government are meant to make readers see public servants as complex, capable, and deserving of attention. The names of departments often obscure their real missions; for example, Commerce is heavily about weather and NOAA, while Energy is deeply tied to science and national labs. Good government work becomes most visible when it prevents disasters, fixes hidden problems, or delivers reliable public goods. Lewis’s method is to find a question that is interesting to him and to the subject, then hang around long enough for a story to reveal itself. His books often center on outsiders or skeptics who discover overlooked truths and apply them in disruptive ways. He believes audience and readers respond to authenticity in politics, as shown in his early John McCain reporting.
Data Points: Coauthors for Who Is Government: 6 - Lewis said he hired six other writers to help create the book-like project. Portion of the book Lewis wrote: about one-third - He described the book as something he wrote only partly, with the rest by coauthors. Initial Trump transition team members fired: 550 - Lewis said Trump fired the team that was meant to receive government briefings. Obama transition prep: 1,000 people over 6 months - He said Obama officials spent six months preparing briefings for the incoming administration. Government shutdown furlough: 60% of civilian workforce - Lewis referenced the 2018–19 shutdown and furloughed employees as his search pool for stories. Sammy Award nominees cross-referenced: about 8,000 - He used Partnership for Public Service nominations to identify potential subjects. National cemeteries: 55 - Lewis said the VA runs roughly 55 national cemeteries. Veterans buried in national cemeteries: about 4 million - He cited the scale of the cemetery system overseen by Ronald Walters. Customer satisfaction rank: higher than Costco, Amazon, or FedEx - He said the National Cemetery program became the top-rated enterprise in the United States by customer satisfaction. Coal mine roof deaths: 50,000 American miners in the last century - Lewis described Christopher Marks’s work as targeting a major cause of miner deaths. Most dangerous comparison: more dangerous than Vietnam War service - He emphasized how dangerous coal mining was historically. Weather forecasting horizon: up to 7 days - He said the National Weather Service has dramatically improved forecast accuracy over time. Earned Income Tax Credit non-claimants: 6 million - He cited people entitled to the credit who do not apply for it. High-income nonfilers: 25,000 - He mentioned taxpayers with incomes above a million dollars who had not filed since 2017. Moneyball book sales: 500,000 copies - He said The Fifth Risk sold about half a million copies; in context he referenced the success of the related government book project, not Moneyball. Moneyball film extras: 8,000 - He described the filming at the Oakland Coliseum with thousands of extras. Maury Taylor campaign spending: $7 million for 7,000 votes - An audience question prompted Lewis to recall the 1996 presidential candidate.
Pivotal Quotes: "People waste years of their lives not being willing to waste hours of their lives." — Michael Lewis: He quoted Amos Tversky while explaining his writing process and why he lets curiosity guide his work. "I just thought you were really interested in how objects drift." — Arthur A. Allen (as recounted by Michael Lewis): Lewis used this to show how civil servants often cannot imagine why an outsider would care about their work. "If you want to read these stories and still think that, okay. But you got to know, you’ve got to hear these stories." — Michael Lewis: He summarized the civic purpose of the book and why readers should understand government before criticizing it.
Implications: The conversation argues that public institutions deserve closer attention and more nuanced coverage. For listeners, it reframes government as a place of real expertise and human purpose, not just bureaucracy or politics, and suggests journalism can restore trust by telling better stories.
About Masters in Business
Barry Ritholtz speaks with the people that shape markets, investing and business.