Episode 255: What is Critical Race Theory?
Phil Magness joins us to discuss critical race theory: what is it, and why is it controversial?
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Quick Hits
https://www.npr.org/2021/12/16/1064855510/kraft-cream-cheese-20-dollar-website
https://www.bloomberg.com/news/newsletters/2021-12-10/supply-chain-latest-cream-cheese-is-the-latest-casualty-of-cyberattacks
https://www.msn.com/en-us/news/opinion/opinions-with-the-supreme-court-lurching-right-state-courts-offer-liberals-hope/ar-AASaLg5
Foolishness of the Week
https://www.msn.com/en-us/money/companies/fauci-says-domestic-travel-vaccination-rule-should-be-considered/ar-AASbcTj
https://www.nytimes.com/live/2021/12/10/world/covid-omicron-vaccines
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Communicating ideas: writing, podcasting, and building bridges
This is a discussion James and I lead at Truman State University.
1
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Problems with Modern Monetary Theory
This is a lecture I recently gave at Truman State University. Note: Starting at 0:0:20, I misspoke. I said, "The government doesn't need to worry about inflation." I meant to say, "The government doesn't need to worry about deficits." My subsequent argument follows from the correct statement, not the misstatement.
6
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Episode 253: Tradeoffs, Lockdowns, Climate Change, and Free Stuff
What do climate change, the covid lockdowns, taxing billionaires, free college, and free healthcare have in common? In each case, politicians would prefer that voters ignore the reality of tradeoffs.
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Quick Hits
https://www.mediaite.com/tv/end-of-an-era-chris-wallaces-departure-from-fox-news-sets-off-a-media-and-political-firestorm/
https://www.stuff.co.nz/national/health/coronavirus/127245863/covid19-man-receives-up-to-10-vaccines-in-one-day
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Antony Davies on Twitter
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James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan
4
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Episode 252: A Second Lockdown?
As events point to the possibility of a second lockdown, we ask what we have learned from the last one.
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This Week’s Topichttps://www.cdc.gov/nchs/nvss/vsrr/covid19/excess_deaths.htm https://covid.cdc.gov/covid-data-tracker/#trends_totaldeaths
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Episode 251: Wealth, Income, Capital Gains, and Taxes
In response to record-breaking deficits, politicians, pundits, and concerned voters are discussing new sources of tax revenue. Unfortunately, they often conflate wealth, income, and unrealized capital gains. This week, we clarify some of the confusion.
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This Week’s Topichttps://taxfoundation.org/publications/state-local-tax-burden-rankings/#Burdens
https://fred.stlouisfed.org/series/FYFSD
https://fred.stlouisfed.org/series/GNP
https://fred.stlouisfed.org/series/FYFR
https://www.taxpolicycenter.org/briefing-book/how-do-us-taxes-compare-internationally
https://www.census.gov/library/publications/2021/demo/p60-273.html
https://www.investopedia.com/how-much-does-health-insurance-cost-4774184
https://ips-dc.org/u-s-billionaire-wealth-surged-by-70-percent-or-2-1-trillion-during-pandemic-theyre-now-worth-a-combined-5-trillion/
https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/
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Episode 250: Listener Questions, pt. 2
This week, we answer listener questions that cover a gamut of topics.
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Quick Hitshttps://www.nytimes.com/2021/10/20/technology/personaltech/iphone-upgrades-cost.html
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Statistics for the Rest of Us
This is an overview of statistics for people who want an intuition for statistics but are not interested in actually doing statistics. For more on this topic, check out my book, Understanding Statistics.
https://www.amazon.com/Understanding-Statistics-Introduction-Libertarianism-org-Guides/dp/1944424350
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Episode 249: Listener Questions, pt. 1
This week, we answer listener questions that cover a gamut of topics. Get Your Copy of Cooperation and Coercion Now!
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Quick Hitshttps://www.cbc.ca/radio/asithappens/as-it-happens-the-monday-edition-1.5868846/how-tiktok-users-designed-a-better-pill-bottle-for-people-with-parkinson-s-1.5868848
https://nypost.com/2021/11/15/kamala-harris-sidelined-amid-tensions-with-president-biden/
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BONUS - Conversations at FreedomFest 2021 Pt. 2
BONUS - Conversations at FreedomFest 2021 (2 of several)
Antony talks with Jim Bresto on The Hidden Truth Show.
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The Hidden Truth Show
https://hiddentruthshow.com
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Bonus - Ant on Palisades Gold Radio
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Episode 240: Potluck #1
This episode is a potluck. There's no specific topic, we're just discussing things in the news that caught our interests.
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Quick Hits
https://www.cnbc.com/2021/09/13/top-earning-new-yorkers-could-face-61point2percent-combined-tax-rate-under-house-plan-californians-may-face-59percent-rate.html
Foolishness of the Week
https://www.aier.org/article/a-subtle-catastrophe/
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Antony Davies on Twitter
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James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan
Episode 237: Can the CDC Mandate Moratoriums?
The CDC has mandated a moratorium on evictions. Under the CDC’s rules, landlords may not evict renters who haven’t paid their rent. But it is unclear that even Congress would have the constitutional authority to issue such a mandate. How then can the CDC do so? Clark Neily joins us to discuss this interesting question.
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Topichttps://www.federalregister.gov/documents/2020/09/04/2020-19654/temporary-halt-in-residential-evictions-to-prevent-the-further-spread-of-covid-19
https://www.supremecourt.gov/opinions/20pdf/20a169_4f15.pdf
Quick Hitshttps://www.goodnewsnetwork.org/quentin-quarantino-meme-artist-raises-over-5-million-for-afghanistan/
https://www.nptrust.org/philanthropic-resources/charitable-giving-statistics/
https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go
Foolishness of the Week
https://www.usatoday.com/story/news/nation/2021/07/27/tn-pastor-greg-locke-says-masks-arent-allowed-bible-church/5385007001/
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James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan
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Episode 239: Who Ultimately Pays a Tax?
In an interesting twist of economics, it turns out that governments have no control over who ultimately pays a tax. Politicians can say they’re taxing consumers or taxing producers or taxing anyone else, but the market decides who ultimately pays the tax. And there’s nothing politicians can do to stop it.
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Quick Hits
https://www.cnn.com/2021/09/03/tech/apple-child-safety-tools-reversal/index.html
https://www.washingtonpost.com/opinions/a-virgin-plastics-tax-could-help-save-the-oceans/2021/06/18/3ecb9cde-cd8d-11eb-8cd2-4e95230cfac2_story.html
https://www.atr.org/democrats-eye-national-plastic-tax
Foolishness of the Week
https://www.theguardian.com/us-news/2021/sep/05/covid-coronavirus-work-home-office-surveillance
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Antony Davies on Twitter
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James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan
Episode 245: Should We Fund Children or Institutions?
Corey DeAngelis, who has made himself the public gadfly of teachers unions, joins us to talk about how Americans’ attitudes about funding public schools changed with covid.
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Quick Hits
https://www.bls.gov/ooh/occupation-finder.htm
https://www.bls.gov/ooh/construction-and-extraction/construction-and-building-inspectors.htm
https://www.bls.gov/ooh/healthcare/respiratory-therapists.htm
https://www.bls.gov/ooh/healthcare/diagnostic-medical-sonographers.htm
https://www.bls.gov/ooh/healthcare/dental-hygienists.htm
https://www.bls.gov/ooh/healthcare/radiation-therapists.htm
https://www.bls.gov/ooh/construction-and-extraction/elevator-installers-and-repairers.htm
https://www.bls.gov/ooh/transportation-and-material-moving/airline-and-commercial-pilots.htm
https://www.bls.gov/ooh/transportation-and-material-moving/air-traffic-controllers.htm
https://www.bbc.com/news/world-us-canada-58878473
https://www.youtube.com/watch?v=qr_F_XQrukM
Foolishness of the Week
https://www.theguardian.com/culture/2021/oct/16/figures-of-babylon-oldest-drawing-of-a-ghost-found-in-british-museum-vault
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BONUS - Why is Economics Important?
This is a conversation James and I had concerning various topics in economics and current events.
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The School of Ireland
https://www.youtube.com/watch?v=ByBussFxezk
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Episode 246: The Link Between Politics and Economics
Politics, not partisanship, and economics are linked because both emerge from humans attempting to employ their abilities to satisfy their needs. In this episode, we explore the connection.
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Quick Hits
https://www.washingtonpost.com/world/2021/10/13/norway-kongsberg-bow-arrow-attack/
https://www.cnn.com/2021/06/09/china/china-knife-attacks-mic-intl-hnk/index.html
https://www.cnn.com/2021/10/25/tech/blue-origin-space-station-jeff-bezos-scn/index.html
Foolishness of the Week
https://www.msn.com/en-us/sports/nfl/tom-brady-s-historic-day-took-a-backseat-to-his-encounter-with-a-9-year-old-cancer-survivor/ar-AAPVYUj
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Antony Davies on Twitter
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James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan
Words & Numbers on Verbl https://vurbl.com/station/words-numbers-1WI2qb0cxvW/
Episode 236: Errors We Repeat in Politics, Pt. 2
We all have a tendency to repeat things we hear. But when many people start repeating the same thing, we come to believe that the thing must be true. Unfortunately, this happens a lot when it comes to politics and government. This is the first of a two-part episode in which we discuss incorrect things that people tend to think are correct simply because they get repeated.
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Quick Hitshttps://reason.com/2021/08/06/apple-will-start-checking-your-messages-for-dick-picks/ https://www.eksposure.com/mobile-photography-statistics/ https://enough.org/stats_exploitation https://www.wsj.com/articles/burial-crypt-for-sale-los-angeles-11628773222
Foolishness of the Weekhttps://philadelphia.cbslocal.com/2021/08/12/philadelphia-mask-mandate-vaccine-requirements-businesses/
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James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan
2
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Episode 244: The Nature of Exchange, pt. 2
Money is an excellent tool for facilitating exchange. It solves problems like how to save while avoiding spoilage and how to exchange with people who don’t want what you’re offering. But we’ve come to rely so heavily on money that we’ve forgotten what exchange really is. In this first of two episodes, we discuss the nature of exchange.
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Quick Hits
https://www.goodnewsnetwork.org/a-checkout-line-where-slower-is-better-supermarket-jumbo/
https://gizmodo.com/9-horrifying-facts-from-the-facebook-whistleblowers-new-1847791184
Foolishness of the Week
https://freebeacon.com/biden-administration/psaki-unfair-and-absurd-to-say-companies-would-raise-prices-in-response-to-tax-increases/
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Antony Davies on Twitter
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Episode 242: What About Unions?
People who are pro-market often complain about unions. But unions are associations of people, just as corporations are associations of people. If it is people’s right to form one, then it is also their right to form the other. But, as it is bad for government to protect corporations from competition, so too is it bad for government to protect unions from competition. In this episode, we take a look at unions separate from government protection.
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Quick Hits
https://ec.europa.eu/commission/presscorner/detail/en/ip_21_4613
https://www.cnbc.com/2021/09/27/fed-chair-powell-to-warn-congress-that-inflation-pressures-could-last-longer-than-expected.html
Foolishness of the Week
https://www.washingtonexaminer.com/news/federal-authorities-safety-box-seizures-owners-fight-back
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19
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Episode 248: The Nobel Prize and the Minimum Wage
David Card recently won the Nobel Prize in economics for his contributions to the study of labor markets and natural experiments. Some minimum wage proponents confuse these excellent contributions with a particular application of his contributions to a study he conducted of a hike in New Jersey’s minimum wage. We discuss the flaws in that oft-cited study, and the distinction between his contributions and the study.
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Quick Hitshttps://nymag.com/intelligencer/2021/11/buffalo-election-2021-results-india-walton-defeated.html
https://thehill.com/homenews/campaign/580322-democrats-brace-for-flood-of-retirements-after-virginia-rout
https://www.usatoday.com/story/news/politics/2021/11/07/biden-approval-falls-38-midterms-loom-usa-today-suffolk-poll/6320098001/
Foolishness of the Weekhttps://abcnews4.com/news/nation-world/annual-microsoft-ignite-conference-entices-criticism-over-woke-introductions
https://freebeacon.com/culture/microsoft-encourages-employees-to-state-race-gender-during-presentations/
https://www.fox5ny.com/news/one-of-worlds-largest-investment-firms-will-need-permission-to-hire-white-men
Topic of the Week
https://davidcard.berkeley.edu/papers/njmin-aer.pdf
https://www.econlib.org/no-krueger-didnt-prove-that-raising-the-minimum-wage-doesnt-increase-unemployment/
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Antony Davies on Twitter
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James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan
4
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Episode 247: Pachyderms, Property, and Profit
The combination of property rights and a profit incentive yields good outcomes. Elephants provide an excellent example.
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Quick Hitshttps://www.techspot.com/news/91430-bitcoin-mining-company-buys-pennsylvania-power-plant-meet.html https://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume https://www.nbcnews.com/news/us-news/after-san-francisco-shoplifting-video-goes-viral-officials-argue-thefts-n1273848
Foolishness of the Weekhttps://www.the-sun.com/sport/3969736/colin-kaepernick-nfl-draft-slavery-netflix/
Topic of the Week
https://www.npr.org/2021/10/22/1048336907/elephants-tuskless-ivory-poaching-africa
https://www.amazon.com/Free-Our-Markets-Essential-Economics/dp/098442542X
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Episode 241: The Death Tax for the Rest of Us
As politicians run out of revenue sources, they increasingly turn their attention from the rich to the middle class. Congress is considering a tax plan that effectively imposes a death tax on the middle class. Interestingly, politicians are calling it "a capital gains tax."
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Quick Hits
https://implementationscience.biomedcentral.com/articles/10.1186/s13012-017-0637-1
Foolishness of the Week
https://www.theguardian.com/world/2021/sep/20/ivermectin-shortage-horse-owners-covidhttps://www.aier.org/article/a-subtle-catastrophe/
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