A person with a scientific or engineering background may find red flags in economic models. One example of high inflation and high unemployment can refute the idea of a model, such as the Keynesian model.
The traditional response in economics towards exhausted resources and environmental consequences involved relying on the free market but failed to understand the concept of depletion, thus creating a flawed structure. This concept continues and never truly improved with new jobs being created in exchange for lost ones in isolated industries and communities.
The hosts discuss the economics of wiring a single chair versus an entire cell and suggest throwing a toaster in water on the ground to start a fire, like in an Usher music video. The episode is an advertisement for the Asshole Army Patreon.
The bailout of 2008 was given to corporations rather than homeowners, even though the crisis was caused by derivatives of mortgages. If the federal government focused on homeowners instead of corporations, it would have been less expensive and more effective.
Discussion about the economics of small towns, including the average price of buildings and the tendency for individuals to hold out on selling.
In this conversation, podcast hosts dissect the ideas in the book Freakonomics and criticize its narrative on economics and social issues. They talk about their new project "Trickle-Up Economics" as a way to reframe the American narrative.
In this episode, the host explains how the Federal Reserve Bank's money printing strategy in 2020 to combat deflation has led to inflation and higher unemployment rates.
The longer misguided government policies persist, the more damage and further away we'll be from finding economic equilibrium. It's important to consider the earnings power of companies other than the 10 best in the world and not be dismissive of risk management.
The idea of building lavish buildings during economic downturns may not seem like a good idea, but in reality, it has been done in many places. This includes modernizing Ashgabat and building Koh Tao as a paradise island during economic downturns.
This podcast discusses the idea that controlling inflationary psychology is crucial to preventing economic downturns in the future. It examines how people's beliefs about inflation and their behaviors towards it ultimately impact the economy.
The accuracy of economic predictions is debated as economists attempt to analyze and solve economic puzzles, but differing opinions among experts suggest that the field may not have a definite grasp on certain aspects of the economy.
This podcast discusses how the ancient human institution of bondage mixed with the proto-modern economic system of the Renaissance in the 15th and 16th centuries, and how this contributed to the era of a trade revolution. It explores the idea that progress during this time wasn't necessarily progress for all people, as slavery and inequality were still rampant.
The speaker discusses cost-benefit analysis in having children and reflects on contrasting views on setting initial conditions by Hayek and Keynes, as prompted by two rap videos featuring talented actors. The speaker also shares his observation that people have children not necessarily for the fun or better days they bring, as most married couples appear unhappy from an outsider's perspective.
Host Stephen Dubner and economist Steven Levitt answer listener's questions about safe sneezing and driving like an economist.
An analysis of the economic situation in Somalia and its connection with piracy activity in the region.
