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.
In this episode, the speaker reflects on his childhood experience of questioning why some countries are rich while some are poor, and discusses the origins of poverty and inequality.
The belief that printing money can solve the economic problems is a fallacy that does not lead to prosperity, but it results in inflation and eventually makes people worse off. There are no free lunches in the economy, and the addiction to universal income or subsidy can lead to permanent programs that only maintain the lifestyle people got accustomed to.
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.
Discussion about the economics of small towns, including the average price of buildings and the tendency for individuals to hold out on selling.
An analysis of the economic situation in Somalia and its connection with piracy activity in the region.
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.
This podcast discusses the idea that profit and loss encourage prudent risk-taking, not reckless risk-taking, while also exploring the concept of "you're not free to desist from it". The guest speaker provides insight into the importance of weeding out losing strategies and taking into account the effect of economic decisions.
In this episode, Betsey Stevenson explains how traditional economic measures and policies don't take into account the human element of pandemics, leading to a misunderstanding of the true impact on individuals and families.
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.
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.
The economic model is built on the mythical average man who does not exist in real life, and economists are incapable of adapting to real-world problems that conflict with their beliefs about economics.
An idea from a listener sparked a discussion on the socioeconomic impact of giving each of 50 needy American families $50,000 in a one-time gift, repeating the process annually, in order to promote intergenerational income mobility in impoverished Brooklyn neighborhoods.
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.
