Podcasts about Adam Smith

Keith is joined by housing market intelligence authority Rick Sharga—a frequent guest on outlets like CNBC and Bloomberg who "quietly gets it right" rather than chasing clickbait crashes. Together, they dig into whether America really has a housing shortage and how that lines up with what you're seeing in prices and inventory.  They explore why entry-level homes are so constrained and what that means for both investors and homebuyers.  They also examine how mortgage rates, builder behavior, and demographic shifts could shape housing demand and investment opportunities over the next several years. Episode Page: GetRichEducation.com/596 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Keith, welcome to GRE I'm your host. Keith Weinhold, does America really have a housing shortage? And if so, how long will it last? Those answers and more, with an expert guest and I today on get rich education.   Speaker 1  0:19   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Keith Weinhold  1:03   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Speaker 2  1:36   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:46   Welcome to GRE from Nantucket, Massachusetts to Pawtucket, Rhode Island and across 188 nations worldwide. America's favorite shaved mammal on a microphone has got his slack jawed act back on track for another wealth building week with you. I'm Keith Weinhold. This is get rich education. I'm still not wearing a pair of knockers, and I've returned here to bring you more value than your HOA dues. It's kind of crazy that America First put a man on the moon, and we're the first nation to put a man on the moon in 1969 and yet today, we have trouble housing our own people here on Earth. Shortly, we're going deep on does America really have a housing shortage first? Sometimes real estate investors can learn lessons from the stock market about the future direction of housing prices and demand and just simply what assets people have demand for, how AI is disrupting some stock sectors. Has been rather germane lately. One CEO made this perfect example. It's about how two different stocks travel search engine Expedia and Delta Airlines, those two stocks were once closely tied together. Their share prices used to be correlated, but they've gone in separate directions. See, Expedia offers you a service that can be replicated by bots, but delta has actual planes that take you somewhere, and it's hard for AI to replace that. This is why there's been a recent push toward more tangible stocks and tangible assets, a divergence, an attraction to assets that give you a share of either a tangible good, or, in the case of something like an airline, a service that's directly tied to something tangible. And similarly, commodities like gold, silver and copper cannot be replaced by AI. Neither can real estate. There is a growing sense to own things that can't be disrupted, dematerialized and demonetized by AI, like so much software can. In fact, as overall stock market valuations are lofty. You know, some people have become rather wary of an AI speculative bubble that perceptive to this demand. Just a few weeks ago, Goldman Sachs introduced an everything but AI index, yeah, where you can invest in a basket of companies that are sheltered from Ai disruption, this everything but AI index that's attracting investors. In fact, there's another trend that interfaces with real estate that just launched recently too today, you can wager on future homes. Prices through the platform, poly market, yes, place bets for profit or loss on the future direction of the median home price. In fact, one recent college graduate joked, I was born too late to afford a house, and born just in time to gamble on people who can buy a house? Yeah, you're probably familiar with poly market by now. It's the prediction market that lets you speculate on things like elections and Fed rate decisions and various geopolitical events and other real world outcomes. Well, they have launched a set of real estate markets that allow users to bet on future home values. The way it works is that you can wager on future home values in New York, Los Angeles, Miami, San Francisco and Austin, Texas, as well as US national home values. So that's six different markets. Now I haven't gambled on Poly market, I had checked it at times to get an idea of where people really think markets are headed or what's going to happen next. Because, rather than major media, where sometimes as a hype machine, they create headlines that scare you in order to try to get clicks, well, instead of all that, regular people are placing their money on polymarket, and you can look at what that action is like, because that can be a more reliable harbinger of future price direction at last check with a national median home price of about 420k with the numbers, poly market is using one month from now, 66% of people think that home prices will rise. And it's more nuanced than that. You can bet on just what price range you believe home prices will fall into one month from now. And this is nothing that I recommend wagering on, but besides an interesting trend, yeah, you can get that idea of where real people actually believe markets are headed. As we're about to talk to national housing expert Rick sharga on whether or not we really have a housing shortage, we've got new data about the level of housing permits. Of course, housing permits are a gage of the level of future housing inventory, because after a permit is issued, it's typically six to 12 months until a single family home is built. But I'll share that with you near the end of the show, because it makes sense to cover this with you in chronological order. We'll discuss housing supply first, and then I'll tell you about the future supply direction based on housing permits. Now, you know from the inception of this show in 2014 I talked about the why of real estate investing before the how with anything in life, it's only when you truly know why you're doing something that you'll profoundly care about the how and you'll want to do it well. In fact, when I do an in person real estate presentation, one of the modules that I teach most often is simply called Why real estate. The biggest Why is not altruistic, although that matters, and that's part of it. But instead it's that real estate pays five ways. That's the biggest why any GRE devotee knows that the five ways are simultaneously paid, are appreciation, cash flow, ROA tax benefits, and not inflation hedging. But specifically inflation profiting. Yet I have found multi decade real estate investors that don't understand this, the most valuable hour that you can spend is knowing all the ways that you're paid and seeing and believing how your total rate of return of 20% 30% or even 40% is not far fetched or risky, but it's actually common and even estimated conservatively. If you're initiated on this, you already know, but if you aren't, it can sound a little hard to believe what I just said right there, I recently reshot the entire real estate pays five ways video course, and it's the most valuable hour of investing video content that you're likely ever to see. It's premium, masterclass level content. I'm just giving it away for free because people need to know this. And actually, on the newest shoot, I've condensed it down into just 40 minutes of content across the five videos, one instructional video for each of the five ways you're paid. The videos average eight minutes. So that's about 40 minutes total, and they build on. Each other. So at the end of each one, you get to see your cumulative rate of return. It just keeps adding up, and you know exactly where all of the numbers come from. That's why it's more conducive to video form than audio form. I know that many of you have seen it, but if not, it is foundational, and I cannot recommend it enough. It's free and available to you now. At get richeducation.com/course, get that now, while it's on your mind. At get rich education.com/course, more next, I'm Keith Weinhold, this is get rich education.   Keith Weinhold  10:39   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721 exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE, that's F, l, O, C, K, homes.com/gre.   Keith Weinhold  11:16   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program. When you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1-937-795-8989 Yep. Text their freedom coach directly. Again, 1-937-795-8989,   Kathy Fettke  12:27   this is the real wealth network's Kathy betke, and you are listening to the always valuable get rich education with Keith Weinhold. You   Keith Weinhold  12:46   Is America really short millions of homes? If so, that doesn't mean every market is undersupplied, and prices can only go up because of it. If there's a housing shortage, why are prices falling in some cities? So the shortage? Is that something that's real, or is it just misunderstood, and you're gonna learn what it means to you? I'm get rich education's Keith Weinhold along with an intelligence authority today that usually gets it right. In fact, I found an old clip of him on Bloomberg where he suggested home prices bottoming in 2011 and as it turns out, they sure did today, together, we're answering the question, does America really have a housing shortage? And my guest has often appeared in major media, CNBC, Fox NPR. He's the founder of the CJ Patrick company. Hey, welcome back to the show. Rick sharga,   Rick Sharga  13:39   good to see you again. Keith, thanks for inviting me.   Keith Weinhold  13:41   You know, it's funny. Four years ago, Rick and I found each other, and we sort of checked each other out. I found him to be an authority that just doesn't go on saying this bombastic and absurd stuff just to get attention. Instead, he quietly gets it right, and when he knew I had a real estate YouTube channel, similarly, I resonated, because I'm not one of these people that's constantly saying that housing prices are going to crash just to get views and then those crash. People never follow up when they're wrong, and they've been wrong for about 14 years now. But Rick, rather than prices, we're here to understand if there's really a housing shortage today, most agencies believe we have a shortage. Moody's will tell you 2 million. Zillow, four to 5 million. Congressional Republicans have gone on to say 20 million. I sure don't know about that. And then yet, Rick sometimes at the same time, you do see these conflicting stats, where it says that sellers outnumber buyers today, which sort of flies in the face of a housing shortage. So what is your take amidst all this?   Rick Sharga  14:46   Well, Keith, I think what we're seeing is a fairly obvious example that if you torture data enough, you can make it say anything in the right you wanted to say. And there is a lot of confusion about how much. A housing shortage we really do have. It's not like we have 20% of the population unable to find anywhere to live. Most people still prefer to live indoors, and they've been able to do so, but the fact of the matter is that all of the math suggests that we are underserved in terms of the number of housing units available across the country, and we can go through some of the math. The big question, of course, is, how many houses are we short? How many housing units are we short? And the reason the numbers are all over the place, and as you suggested, let's set aside the Republican estimate of 20 million, because there's, there's certainly something political going on there, but the estimates range from around a million to as high as five or 6 million. And the reality is all of those estimates are counting something different. Some are counting housing growth versus population growth. Some are counting vacancy rates compared to historic levels, some are counting inventory available for sale today versus inventory available to sale in prior years. So each of these organizations, and they're all pretty reliable organizations, Moody's is certainly good. Zillow's research team is top notch. Fannie Mae and Freddie Mac the National Association of Realtors. None of these people are hiring dime store economists. They're all good folks, but they're all measuring something slightly different, which is why these numbers come out all over the place, and the one of the fundamental challenges is trying to figure out housing shortages compared to what, or compared to when. All of these estimates assume that there was some point in history when we had exactly the right number of housing units to suit the needs of the population. So they start with some point in time, and I think if you did enough research, you find they all start at slightly different points in time, and then kind of work their way forward from that and come to very different conclusions, again, based on where they started and where they ended up, and what they count. The one thing I would push back on a little bit from some of your comments in the intro is that I am highly, highly skeptical, extraordinarily skeptical of the reports that talk about how many more sellers we have than buyers, because that makes some wild assumptions about the number of people that are actually interested in buying a house. And I've never seen any research methodology that's really nailed that number accurately. Because nobody knows if you're thinking about buying a house right now, until you go to an open house until you do a search on on Zillow, or realtor.com or homes.com until you actually are applying for a loan or making a deposit. So the notion of being able to mind read three 40 million Americans to figure out how many of them are interested in buying, I think, is a neat trick, but I do think it's at least in part one of those methods that people use to get a lot of clicks to their website   Keith Weinhold  18:05   right? This whole thing of and I think when we talk about sellers versus buyers, that's shorthand. What we really mean are, there are some stats out there that show that prospective sellers outnumber prospective buyers, in some cases, which, yeah, I think I agree with you there. I doubt that as well. And yeah, of course, I think you're getting on some of the nuance here. We're trying to predict how some people would behave. For example, how much pent up demand is there when we're talking about sellers versus buyers, and we're talking about a shortage, for example, say, the 28 year old living with their parents that could move out and afford to buy a home if mortgage rates hit 5% like for example, how do you count that? Or, how would you even know to   Rick Sharga  18:53   it's a valid point. Keith, and I think that fundamentally, is my question. With that particular report, you really can't count that person. We do have some metrics that we follow, and it's funny, you mentioned that 5% mortgage, because as we record this, mortgages have broken that 6% threshold for the first time in a number of years. And just about every kind of mortgage you could buy right now is below 6% so that's a good thing. And every time we've gotten close to that 6% mark. In recent years, since mortgage rates doubled back in 2022 we've seen a huge influx of people applying for purchase loans, for those mortgage loans to buy a house, those numbers are up somewhere between 13 and 15% year over year right now, and that's before we've really had these mortgage rates dip below 6% so to me, that suggests there really is pent up demand out there, and I judge that just based on what I see in terms of a number of people actively applying for a loan.   Keith Weinhold  19:54   Yeah, there's a lot of nuance here. HUD tells us that we have more. Homeless people than we've ever had in this nation. So that's sort of an extreme affordability problem. To your point earlier about how most people want to live indoors, and I'm sure not making light of homelessness. It's a sad situation, but we're always going to have homeless people regardless of whether we have excess housing or a housing shortage. We have about 146 million housing units in the United States. The census shows and suggests that 8 million of those 146 million are housing units where people have doubled up and are sharing space with non relatives. That's one way to think about the level of pent up demand within the shortage,   Rick Sharga  20:44   I don't know if that's a result of shortage necessarily, or if that's a result of having the weakest affordability for people looking to buy homes that we've had in over 40 years. The last time affordability was as bad was the 1980s and the reason affordability was bad back then was because mortgage rates were at 1819, 20% and it made it very difficult for people to afford homes. But we're coming out of a very unusual cycle, and this is a little bit off topic from our inventory question, but it's the only time in US history when two conditions have hit the housing market back to back, if you go back to covid, coming out of covid, we saw home prices go up nationally by over 50% in about 18 months. It was a huge, huge, unprecedented increase. Yeah, and right on the heels of that, as inflation started to get out of control, the Federal Reserve had to take pretty extreme measures to get that back down. So they started playing with the Fed funds rate, and we saw mortgage rates double in 2022 in the history of the country, according to Freddie Mac we've never seen mortgage rates double in a calendar year. And in 2022 They not only doubled in a calendar year, they doubled in the space of a few weeks. So we're coming out of a period where home prices went up by over 50% and then mortgage rates doubled, and it just crushed affordability. So the people that have been looking to buy a $400,000 house suddenly realized they could only afford a $200,000 house, and there were none of those around. It's really why home sales have gone down as rapidly as they had volume of sales. In 2021 we sold 6 million existing homes. In 2022 it dropped to 5 million. And for the last three years, we've been sitting at around about 4 million annual sales of existing homes. And again, that doesn't suggest a lack of inventory, a lack of homes, because there are fewer people buying, and there's more properties staying on the market longer. But the underlying numbers, the underlying metrics we would look at, are where we can start to kind of deduce that there aren't enough homes. For example, you mentioned that there are about 146 million housing units across the country. Most recent census data I have from the end of 2024 says it's about 140 748, 40 748 million. So it's up just slightly from your number. That represents a growth of about 6.7% in housing units between 2010 and 2024 during the same period of time, the population went from about 309 million to about 340 1 million, and that represents a growth rate of about 7.4% so if everything else stayed equal, your population grew at a faster rate than your housing units did. And that suggests that even if the number of housing units was ideal back in 2000 it's somewhere less than ideal by the time we got to the end of last year,    Keith Weinhold  23:42   we're talking with Rick sharga. He's the founder and owner of the housing market intelligence firm, the CJ Patrick company. We're answering the question, does America really have a housing shortage? We're getting a yes there. And before we're done, we're going to talk about, how long could the shortage persist? But Rick, you spoke to affordability, and I think that has a lot to do with the nuances within the shortage, and that brings up shortages within the luxury tier versus shortages in the entry tier. And the entry tier is really what a lot of our listeners and viewers are interested in, because we're used to buying those as rental properties. So can you tell us about that?   Rick Sharga  24:23   It's a great point, Keith. And what we've been talking about so far is kind of a structural shortage in the overall number of housing units that could be purchased, could be owner occupied, could be rented. And one of the culprits there, and I will answer your question, I promise, one of the culprits there is that builders simply haven't built that much. If you look at the long term average, like 2025 years, the average number of housing starts was somewhere between 1.3 and 1.4 million a year coming out of the Great Recession in 2010 so you look at that last 15 year period or so, 12. Of those years, they've started less homes than that long term average. So builders simply haven't been keeping pace, not only with population growth, but also with just the ability to create enough homes in general, to offset the number of homes that are obsoleted every year, that get bulldozed every year. So there is a structural shortage. To your point, if you look at inventory available for sale, we are up about 9% year over year, but we're still down about 15% from where we were prior to the pandemic. So there are fewer homes for sale than there were back when the market was functioning more efficiently. The most drastic shortage is at the entry level builders simply have not been making a lot of entry level properties. There's a reason for that. There's some independent research out there, including some research from Fannie Mae that suggests that the pre construction cost a builder has to absorb before they break ground is over $100,000 across the country, on average, higher than that, where I'm calling you from today, in California, it's about 120,000 there. If your table stakes are 100,000 $120,000 it's really difficult to make a profit on an entry level property. So the builders, I think understandably, have been focusing on higher dollar, higher value properties and not replenishing that supply that we need for first time buyers and the kind of properties that real estate investors tend to like. The other problem we've had, Keith, is that when those mortgage rates doubled, the people who had purchased those entry level homes refinanced into a two and a half 3% mortgage and are now sitting on a $300,000 property, let's say or $250,000 property with a two and a half percent mortgage. And if they wanted to trade up, they'd be trading up to a four or $500,000 house with a 6% mortgage. And they simply can't afford to do that. So the combination of entry level owners staying put at much larger numbers and builders creating new entry level homes at much smaller numbers has really created kind of a crisis of inventory at the entry level segment of the housing market.    Keith Weinhold  27:18   Yeah, when we talk about that crisis of inventory in what's available. I'm not talking about shortage numbers now. I'm talking about the active listing count. This means more or less available homes to buy. This includes single family homes and condos. We have an active listing count of around 1 million today. The historic average is around 2.2 million, and that peaked near 4 million during the global financial crisis. So today, only about one quarter as many active listings, available homes as at the peak,    Rick Sharga  27:54   yeah, only about half as many as, let's call it a normal market, and that's one of the reasons. I think the first time you and I spoke on your podcast, we were talking about all the online snake oil salesmen who were predicting a home price crash. But that's one of the reasons why home prices haven't crashed, and why they've kind of continued to grow, at least at a modest pace, and in some cases now are starting to decline a little bit. But that lack of inventory on the market. When you don't have enough inventory to meet demand, or just barely enough to meet demand, that means that seller doesn't really have to negotiate all that much. That means that buyers are kind of at a disadvantage, and so as long as that's the case, you'll see home price stability. That doesn't mean that every market is going to see prices go up. But if you look across the country right now, if you look at markets where home prices are down even marginally year over year, you're looking at the Gulf Coast states, you're looking at some other southern markets, Las Vegas, Phoenix, you're looking at some outlying markets like Boise, Florida, certainly, and Texas. And those are markets where inventory is actually considerably higher than it was a year ago, and in some cases, considerably higher than it was back in 2019, if you look at markets where prices are still going up a lot, Midwest, Northeast, those are still markets where there's not enough inventory to meet demand. So that relationship between available inventory for sale and demand is really what drives pricing    Keith Weinhold  29:23   this whole discussion, which is really about the supply, just in the economics one on one. Adam Smith of supply versus demand. A lot of people, just like including my dad, when I was telling him about housing, something he doesn't follow. And I told him that prices are up the most in the Northeast and Midwest. That surprised him. He was like, No, well, population growth is lower here and lower than Pennsylvania, where he lives. And that's when I brought up, well, they're under building there. So in parsing this by geography, Rick, I think another way that we can do it is parsing the housing shortage by the single family homes versus apartments, because it's. Pretty well documented that nationally, apartments could be seen as overbuilt, and single family is under built. Do you have any details with respect to that?    Rick Sharga  30:08   We talk a little bit about that, and quick shout out to both of our home state, Pennsylvania, yeah, Phil, Philadelphia actually had some of the highest annual price increases right in their home sales last year. But part of that isn't just because they haven't been building a lot in Philadelphia or the suburbs. It's because we see people moving from higher priced markets into lower priced markets. So we have people actually commuting to New York who have bought homes in Philadelphia or the Philadelphia area. They can get much more house for their money there. They're not subject to some of the wage taxes that happen in New York State. They just get on that Amtrak and train into the city every day. So there is some of that going on across the country too, as we still see net migration of people moving out of states like California, New York and Illinois into nearby states where the cost of living is much lower. That slowed down since covid, since a lot of companies have been requiring people to come work back at the office. But it is still happening. It is still happening in generally the same direction you raise the issue of inventory for rental units versus inventory for, let's say, owner occupied properties, we have seen a plateau in the number of single family rental homes. So the stuff you're hearing out of DC, that you're seeing the media about the really important ban on institutional investor buying is really much more sizzle than substance. Oh, right. Institutional investors are owned and are buying a fraction, but we've seen over a million apartment units come online in the last 18 months. It's about the largest number of apartments that have that have sprung up and in that shorter period of time on record. And we've gotten to a point where in some markets, there's actually a little bit of an oversupply of those apartment units now that will balance itself out over the next couple of years, because multifamily building starts are way down too so we're not seeing a lot of activity there as builders hold off, waiting for this new inventory to get absorbed. But to put it in perspective, vacancy rates went from near zero back during covid in those apartments to over 6% last year. Rental rates have gone down from 15% year over year, increases back in 2020, 2021, to negative numbers nationally in the last year, just talking apartments, just apartments. So we have a short term mini glut, if you will, of apartments. It will be absorbed rapidly. We have 92 million people between the ages of 26 and 54 who are have either formed households or are about to a lot of them would like to be homebuyers can't afford today's prices, so they're renting instead. And about 5 million people a year are turning 35 which is when, you know, we parents start literally kicking them out of the house. So I think that rental overage will resolve itself, really, in the next 12 to 18 months. And if the builders don't start building new inventory by that point, we'll wind up with another shortage on the housing front, I'm of the opinion that we're at least a million homes short compared to what demand should be. I think the number is probably somewhere between one and 2 million. And again, I'm doing that simply based on a slight decrease in vacancy rates, population growth and the aging of the population. What could throw all of our numbers off? Keith is one of the X factors in demographics and population, which is immigration. Population growth, if it's organic, if it's by birth, does have an effect on housing, to an extent, but it's it's more nuanced, and it takes longer to really show itself if you're dealing with adult immigrants coming into the country, particularly immigrants who are coming in for jobs and have income that they can spend on housing, your housing demand goes up quickly, and that can have some local market repercussions depending on where the immigrants are going.   Keith Weinhold  34:18   In Philadelphia is not a coastal city. Its cost of housing is surprisingly low to a lot of people, but it's not on a coast. Just look at a map. Well, Rick, as we're winding down here, how long could the housing shortage persist overall?   Rick Sharga  34:33   I think we're in a period of time right now where builders are reluctant to overbuild. They got caught in the great recession with about a 13 month supply of homes available for sale, and then as home prices crashed, they were competing with their own inventory from the prior year, and many of them took a real beating financially during that period of time. So I don't expect we'll see builders overbuild anytime soon. And that tells me that we're probably looking at at least another three to five years before we can have a rational conversation about housing numbers kind of leveling off to be where they should be. We mentioned immigration. That is an X factor that could extend the housing shortage. If we start to see more immigration coming into the country, it could mean that we don't need as many houses as I suspect, if we have fewer people coming into the country. And the other x factor here is the boomers, the baby boomers of any generational cohort, probably have the highest home ownership rates right now and ultimately will age out of their properties. They've stayed there longer than any prior generation has, and that's also contributed to the inventory shortage, as opposed to the housing shortage. But as a friend of mine said, and it's a little macabre, but as he says, boomers will eventually leave their homes, either vertically or horizontally, so that will bring some inventory back to the market as well   Keith Weinhold  35:58   housing supply. It is rather inelastic, and we're probably going to be in this shortage for a number of years. Well, Rick, tell us how and why people consult with you and then just how they can do that.   Rick Sharga  36:12   Yeah, I work with mostly companies that are in the real estate or mortgage industries. Keith, I typically prepare a lot of market intelligence reports to them. It's real estate data, economic data, mortgage data. For some clients, I do foreclosure reports. They know what's going on in terms of delinquencies and defaults. For others, I do research on investor purchase activity, what they're buying, what they're selling, what they're paying, where they're doing all this. So anything that's data related to real estate data, mortgage data, economic data, I'm kind of neck deep in and I'm very easy to find on either LinkedIn or x. So if anybody's listening today and wants to connect on those platforms, just reach out and tell me you saw me on the GRE podcast, and I'll know you're legit.   Keith Weinhold  36:56   Housing supply is coming up short, but Rick never does. It's been great having you back on the show.   Rick Sharga  37:02   We'll do it again soon, Keith, It's great talking to you.   Keith Weinhold  37:10   Do we really have a housing shortage? The answer is yes, and the number of units short is one to 2 million. The shortage is worst in the entry level home segment, which matters so much to us as investors, we are owning an asset that's going to have sustainable demand for quite a while into the future. Rick indicated that it could take perhaps three to five years just to get back into balance. Now, we recently learned that there were fewer housing permits issued last year than there were in any year since 2019 and housing permits are an indicator of the future home supply. They had their recent peak five years ago with 1.7 5 million, and last year, there were just about 1.4 million. So home permits issued are 19% lower today than they were back in 2021 this is a harbinger of supply, because from the time that a permit is issued, it takes six to 12 months to complete a single family home. It's about six months to build a tract home, and closer to 12 months for a custom home. For apartments, it can take in excess of 24 months to deliver that period of time from permitting to completion. So nationally, we should continue to see scarce supply in the one to four unit space, keeping upward pressure on prices again for the most valuable 40 minutes of educational real estate investing material around you can access my premium real estate pays five ways, master class of five videos, totally free. And you know how I operate. I don't try to upsell you to some paid course. Either. It's just truly free. I'll send it to you. You can access it at get rich education.com/course coming up on future episodes here on the get rich education podcast, we're about to go on a run. The next stretch of GRE is loaded. We've got fresh topics with some game changing monolog content that I'm going to share with you new guests, distinguished guests. Next week, the youngest guest to ever appear on the show is going to be with us. He's a 19 year old college student with a real estate investing related major. How does he see Gen Z's financial world? Is there any hope at all? The following week, we're going to break down an innovative way to sell properties that could completely change how you think about your exit strategy when it's all done, when it's time for you to retire from real estate, rather than a 1031, Exchange, which would just keep you in the real estate game and with more of it, do a seven. 21 exchange into a real estate fund. Have no more assets to manage, no more property managers to manage total capital gains tax deferral and still get financial upside. And then just four weeks from now, it's get rich education podcast episode number 600 debt is the American dream. So if you're serious about building wealth, be sure to follow or subscribe to the show. If you've already done that, I would really appreciate it if you told a friend about this show until next week. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  40:39   Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.    Keith Weinhold  40:58   The preceding program was brought to you by your home for wealth, building, get richeducation.com

250 years ago, on the 9th of March 1776, a book was published that didn't just explain the economy, it changed it. The Wealth of Nations, written by "the father of economics" Adam Smith, sparked debates that still rage today, shaping everything from global trade to how much you earn. Rob Young looks at an original copy from 1776, assesses Smith's importance, and speak to economists about the state of Adam Smith's free market today.If you'd like to get in touch with the team, our email address is businessdaily@bbc.co.ukPresenter: Rob Young Producer: David CannBusiness Daily is the home of in-depth audio journalism devoted to the world of money and work. From small startup stories to big corporate takeovers, global economic shifts to trends in technology, we look at the key figures, ideas and events shaping business.Each episode is a 17-minute, daily deep dive into a single topic, featuring expert analysis and the people at the heart of the story.Recent episodes explore the boom in weight-loss drugs, why bond markets are so powerful, China's property bubble, and Gen Z's experience of the current job market.We also feature in-depth interviews with company founders and some of the world's most prominent CEOs. These include Google's Sundar Pichai, Wikipedia founder Jimmy Wales, CEO of Canva Melanie Perkins, and the CEO of Starbucks, Brian Niccol.(Picture: A first edition of The Wealth of Nations, in two leather bound volumes, with gold lettering on the spine.)

President Donald Trump's announcement comes hours after G7 finance ministers said they were ready to use strategic oil reserves if necessary. Also, Anthropic sues the US government for calling it a risk. And we mark 250 years since the publication of Adam Smith's iconic economics book, The Wealth of Nations.(Picture: Motorists queue at a gas station in Skopje, North Macedonia, 09 March 2026. After the Regulatory Commission announced an increase in petrol and diesel prices at gas stations, people rushed to fill the tanks of their vehicles. Credit: Photo by GEORGI LICOVSKI/EPA/Shutterstock)

Most of us know the feeling of resetting again. New plans, new routines, another promise that this time it'll stick. We try to stay disciplined and optimistic, and for a while it works — until life crowds in, pressure builds, and we drift right back into patterns we thought we'd outgrown. Then comes the frustration: why does change never seem to last? Maybe you're not failing. Maybe you're just trying to live on limited fuel. What if real strength isn't about pushing harder—but learning how to be renewed and strengthened from somewhere deeper than yourself?If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

From The Words of Extraordinary Women to Barbie Day and the racy origins of Barbie, today’s Monday with Mitzi! episode is sure to amuse. Links The Odds: Daylight Saving Time | CNN Circadian rhythm – Wikipedia Meet Lilli, the High-end German Call Girl Who Became Barbie Julia Child – Wikipedia Rich Dad vs Poor Dad The Hidden Game That Decides Your Life || PROF JIANG XUEQIN || #profjiangstyle – YouTube Stanford marshmallow experiment – Wikipedia Headlines Wall Street braced for huge sell-off as oil hits highest level in four years and gas prices hit $8-a-gallon | Daily Mail Online You’ll Choke When You Hear How Many Full-Time Jobs a $136 Million Data Center Will Actually Create On This Day On This Day – What Happened on March 9 Today in History: March 9, ‘Operation Meetinghouse' firebombing devastates Tokyo | AP News What Happened on March 9 – On This Day What Happened on March 9 | HISTORY March 9 – Wikipedia Holidays Amerigo Vespucci Day | Holiday | Checkiday.com Barbie Day | Holiday | Checkiday.com False Teeth Day | Holiday | Checkiday.com Fill Our Staplers Day | Holiday | Checkiday.com Get Over It Day | Holiday | Checkiday.com National Workplace Napping Day | Holiday | Checkiday.com Panic Day | Holiday | Checkiday.com Historical Events 1961 — Ivan Ivanovich, a human dummy, travels into space 1959 — The Barbie doll goes on sale: Patterned after the Lilli ‘call girl’ doll,[1][2] the American toy company Mattel claims that more than one billion Barbie dolls have been sold so far, with about 3 dolls being sold every second. 1931 — The electron microscope is invented: German physicist Ernst Ruska is credited with the invention of the microscope. His first instrument allowed a resolution of 50 nanometers (billionths of a meter). 1891 — Kaʻiulani appointed the heir apparent to the throne of the Hawaiian Kingdom. 1842 — Giuseppe Verdi’s third opera, Nabucco, receives its première performance in Milan; its success establishes Verdi as one of Italy’s foremost opera composers. 1776 — Scottish philosopher Adam Smith publishes The Wealth of Nations, ushering in the classical period of political economy. Births 1964 — Juliette Binoche, French actress, dancer 1943 — Bobby Fischer, American chess player 1934 — Yuri Gagarin, Russian pilot, astronaut 1890 — Vyacheslav Molotov, Soviet politician, Minister of Foreign Affairs fr the Soviet Union 1568 — Aloysius Gonzaga, Italian saint, namesake of Gonzaga University (died 1591) 1451 — Amerigo Vespucci, Italian cartographer and explorer, namesake of the Americas (died 1512) Deaths 1997 — Christopher Wallace a.k.a. The Notorious B.I.G., American rapper 1996 — George Burns, American actor 1994 — Charles Bukowski, American poet 1992 — Menachem Begin, Israeli politician, 6th Prime Minister of Israel, Nobel Prize laureate, founder of Israel’s ruling Likud party, who famously boasted of being “the father of terrorism in all the world.”[3] Footnotes Checkiday. “Barbie Day.” Checkiday.com, Checkiday, 11 Feb. 2017, www.checkiday.com/b7bd0e4f06056fc555595937c097c229/barbie-day. Accessed 9 Mar. 2026. ︎ Nessy, Messy. “Meet Lilli, the High-End German Call Girl Who Became America's Iconic Barbie Doll.” Messy Nessy Chic, 29 Jan. 2016, www.messynessychic.com/2016/01/29/meet-lilli-the-high-end-german-call-girl-who-became-americas-iconic-barbie-doll/. Accessed 9 Mar. 2026. ︎ Bollyn, Christopher. ““Frighten the West”: The Israeli Roots of Terrorism.” Christopher Bollyn, Christopher Bollyn, 22 Nov. 2015, www.bollyn.com/frighten-the-west-the-israeli-roots-of-terrorism-2/. Accessed 9 Mar. 2026. THE FATHER OF TERRORISM – Menachem Begin, the terrorist founder of Israel’s ruling Likud party, bragged about being “the father of terrorism in all the world.” The Likud party is now headed by Benjamin Netanyahu. “How does it feel, in the light of all that's going on, to be the father of terrorism in the Middle East?” “In the Middle East?” he [Begin] bellowed, in his thick, cartoon accent. “In all the world!” Russell Warren Howe interview with Menachem Begin, January 1974 ︎

Adam Smith gilt als Begründer der modernen Ökonomie. Doch das Sinnbild der „unsichtbaren Hand des Marktes“ ist zu Unrecht zum Synonym seiner Philosophie geworden. Vor 250 Jahren veröffentlichte er sein Hauptwerk „Der Wohlstand der Nationen“. Wolf, Marcus www.deutschlandfunk.de, Kalenderblatt

President Trump's administration hits an accountability inflection point; Rep. Adam Smith discusses what Congress should do to rein in Trump's war of choice with Iran; the U.S. economy is shedding jobs,, as energy prices surge; Texas primary chaos fuels fears of voter suppression ahead of the midterms. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

O Brasil vive um "curto-circuito" de memória e identidade, e as instituições religiosas não estão imunes a esse fenômeno. Neste episódio crucial do Módulo 3 da série "A ORDEM", mergulhamos em um diagnóstico sóbrio e urgente da estrutura da Igreja. Utilizamos ferramentas de análise metapolítica e econômica — de Adam Smith a John Maynard Keynes e Friedrich Hayek — para entender como uma organização, criada para ser um organismo vivo, pode acabar se tornando uma máquina estéril de manutenção. Neste episódio, discutimos: 1. O Mecanismo vs. O Organismo: Quando a estabilidade administrativa substitui a vitalidade da missão. 2. A "Mente Capturada" na Igreja: Como as 11 feridas da cultura brasileira afetam a percepção da nossa identidade profética . 3. Keynes vs. Hayek na Eclesiologia: O perigo do planejamento centralizado e a necessidade de recuperar a "ordem espontânea" da Igreja Primitiva. 4. O Custo Humano: Como a rotatividade pastoral e o clericalismo ferem o pastoreio encarnacional. 5. Reforma, não Revolução: Uma proposta de transição estratégica baseada em novas métricas de discipulado e na descentralização responsável. Este episódio é uma defesa da organização adventista em sua essência mais pura. Entendemos que a estrutura é um instrumento dado por Deus, e é justamente por zelar por ela que propomos uma 'reforma de recalibração'. O foco não é a revolução, mas o retorno aos princípios de movimento e sacerdócio universal que marcaram nossos pioneiros. É uma proposta para que a instituição seja a plataforma de lançamento de uma geração verdadeiramente profética. Tese do Prof. Dr. Marcelo Dias - https://digitalcommons.andrews.edu/cgi/viewcontent.cgi?article=2865&context=dissertations Links Instagram http://instagram.com/alexpalmeira7 Podcast Catalisadores http://open.spotify.com/show/6zJyD0vW8MnyRKPYZtk3B5?si=065e95b72bca4b13 X http://x.com/alexpalmeira9 Facebook http://facebook.com/profile.php?id=100069360678042

Why does it feel harder than ever for young people to buy a home? According to Pierre Poilievre, the answer lies not just in planning laws or slow construction — but in the silent erosion of money itself.In this special episode of The Capitalist, recorded at the Margaret Thatcher Lecture hosted by the Centre for Policy Studies, Canada's Opposition Leader argues that decades of money printing across the Western world have inflated asset prices and widened the gap between rich and poor. If measured in gold, he suggests, housing is actually cheaper than it was half a century ago — but measured in pounds and dollars, it has skyrocketed as currencies lose purchasing power. The result is a generation locked out of ownership while asset holders benefit from inflation.Drawing on the ideas of Adam Smith and Margaret Thatcher, Poilievre lays out a broader conservative argument for the modern age: restore sound money, dismantle barriers to home building, expand free trade between allied democracies, and rebuild an economy that rewards work and enterprise rather than political connections.It's a sweeping defence of free markets — and a call for a new alliance of free nations determined to restore opportunity for the next generation.Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe. Hosted on Acast. See acast.com/privacy for more information.

Sign up for the Chicago CWT Listener Meetup. Henry Oliver is the preeminent literary critic for non-literary nerds. His Substack, The Common Reader, has thousands of subscribers drawn in by Henry's conviction that great literature is where ideas "walk and talk amongst the mess of the real world" in a way no other discipline can match. Tyler, who has called Henry's book Second Act "one of the very best books written on talent," sat down with him to compare readings of Measure for Measure and range across English literature more broadly. Tyler and Henry trade rival readings of the play, debate whether Isabella secretly seduces Angelo, argue over whether the Duke's proposal is closer to liberation or enslavement, trace the play's connections to The Merchant of Venice and The Rape of Lucrece, assess the parallels to James I, weigh whether it's a Girardian play (Oliver: emphatically not), and parse exactly what Isabella means when she says "I did yield to him," before turning to the best way to consume Shakespeare, what Jane Austen took from Adam Smith, why Swift may be the most practically intelligent writer in English, how advertising really works and why most of it doesn't, which works in English literature are under- and overrated, what makes someone a late bloomer, whether fiction will deal seriously with religion again, whether Ayn Rand's villains are more relevant now than ever, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded January 12th, 2026. This episode was made possible through the support of the John Templeton Foundation. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Henry on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Timestamps: 00:00:00 - Intro 00:01:40 - What Shakespeare is really saying in Measure for Measure 00:29:17 - The best way to consume Shakespeare 00:32:26 - Jane Austen, Adam Smith, and Jonathan Swift 00:39:29 - Advertising that works 00:44:37 - Things that are under- and overrated in literature 00:51:24 - Late bloomers 00:58:36 - Outro  Image Credit: Sam Alburger

In this episode, Smith and Mayhew dive into one of the most confronting truths a man can face: it's not that life is short - it's that we waste so much of it. From time, energy and responsibility to victimhood and daily habits, this conversation challenges you to stop drifting through your days and start being intentional about where you put your focus. Email Us: hello@agameconsultancy.com Adam Smith From depressed and suicidal to the happiest and fittest he's ever been, Adam Smith's self-development journey hasn't been easy but it has been worth it. Today, he's a qualified mindset coach in neuro-linguistic programming (NLP) and a certified Time Line Therapist®. Adam has coached many high performers, using NLP to rewire his clients' thoughts and behaviours so they can destroy limiting beliefs and engineer the change needed to excel. Connect with Adam Smith: https://www.linkedin.com/in/adam-smith-high-performance-coach/ Adam Mayhew Adam Mayhew swapped burnout and binge drinking for ultra marathons, CrossFit and sobriety. A registered nutritional therapist specialising in performance nutrition, Adam supports everyone from office workers to athletes to build healthy eating habits. Using science (and never fad diets, quick fixes or gym bro culture) he helps clients target their problem areas and confidently master diet, training and lifestyle. Connect with Adam Mayhew: https://www.linkedin.com/in/adam-mayhew-nutrition-coaching/ To find out more about Smith & Mayhew: https://agameconsultancy.com/about/

Tonight on The Last Word: Donald Trump's Iran war spreads with strikes across the Middle East. Also, the House Oversight Committee releases video of the Clinton depositions in the Epstein investigation. And Trump's war in Iran now looms over Tuesday primaries. Sen. Mark Kelly, Rep. Adam Smith, Amb. Wendy Sherman, Rep. Ro Khanna, and TX Rep. James Talarico join Lawrence O'Donnell. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Researcher and journalist Adam Smith joins us this week to talk about what happens when AI boosters hype up their own speculation. We talk about Moltbook, a project that purported to be a “social network for AI agents” and claimed to prove that the sentience and consciousness of AI was inevitable. Adam explains the tricks AI boosters used to present their bots as smarter than they actually were, and why Moltbook should be considered more as theatre, than a glimpse into the future of communication.  Read and subscribe to Adam on substack: https://open.substack.com/pub/wealthofnotions/p/i-think-therefore-i-am-probably-roleplaying ------- PALESTINE  AID LINKS -You can donate to Medical Aid for Palestinians and other charities using the links below. https://www.map.org.uk/donate/donate https://www.savethechildren.org.uk/how-you-can-help/emergencies/gaza-israel-conflict -Palestinian Communist Youth Union, which is doing a food and water effort, and is part of the official communist party of Palestine https://www.gofundme.com/f/to-preserve-whats-left-of-humanity-global-solidarity -Water is Life, a water distribution project in North Gaza affiliated with an Indigenous American organization and the Freedom Flotilla https://www.waterislifegaza.org/ -Vegetable Distribution Fund, which secured and delivers fresh veg, affiliated with Freedom Flotilla also https://www.instagram.com/linking/fundraiser?fundraiser_id=1102739514947848 -Thamra, which distributes herb and veg seedlings, repairs and maintains water infrastructure, and distributes food made with replanted veg patches https://www.gofundme.com/f/support-thamra-cultivating-resilience-in-gaza -------- PHOEBE ALERT Okay, now that we have your attention; check out her Substack Here! Check out Masters of our Domain with Milo and Patrick, here! -------- Ten Thousand Posts is a show about how everything is posting. It's hosted by Hussein (@HKesvani), Phoebe (@PRHRoy) and produced by Devon (@Devon_onEarth).  

Two hundred fifty years after The Wealth of Nations, capitalism looks nothing like Adam Smith imagined (and nothing like Karl Marx predicted, either). Smith envisioned small, decentralized producers, while Marx foresaw concentration dominated by the rich. In this lecture, Yueran Ma of Chicago Booth draws on centuries of global data to show how production concentrated while ownership diffused, and the giants at the top keep getting toppled.

Adam Smiths Nationernas välstånd la grunden för vårt ekonomiska tänkande när den publicerades för 250 år sedan. Men vad säger den egentligen? Lyssna på alla avsnitt i Sveriges Radios app. Den är ett av de mest citerade verken inom nationalekonomin och ställde gamla tankar om tullar och handelshinder på huvudet. Våren 1776 tog den skotske filosofen Adam Smiths ”Nationernas välstånd” världen med storm när den förklarade att en ”osynlig hand” hjälpte till att styra priset på en vara, beroende på tillgången och efterfrågan. Vi träffar professorn i nationalekonomi Jonas Vlachos för att reda ut vad Adam Smith egentligen menade med sin bok och varför den kommit att bli grunden för vårt moderna ekonomiska liv.Dessutom uppmärksammar vi den aktuella studien som avslöjar hur Sveriges egna stenåldersfolk, de säljagande gropkeramikerna, såg på sig själva och sina släktband. Analysen av gropkeramiska gravar på Gotland visar att man tänkte helt annorlunda kring familj och släkt än vad de samtida bönderna på fastlandet gjorde. Arkeologen och författaren Jonathan Lindström kommenterar studien.Programledare är Tobias Svanelid.

He was one of the highest-ranking members of the notorious Finks Motorcycle Club, but prison didn't just break him… it transformed him.In this raw, unfiltered interview, Adam Smith opens up about, the reality of bikie life and brotherhood. The fight in prison that changed everything, what hierarchy and respect really mean behind bars and how he found redemption and purpose after the clubThis isn't glorification. It's a real story from inside organized crime and the lesson that only truth can teach.

En fin, querido Lunar principiante, "El Capital" no es solo un libro viejo y grueso: es un espejo crítico del sistema que nos rodea, mostrando cómo la búsqueda de ganancia genera riqueza... pero también explotación y crisis. Marx, con su mente afilada y combativa, nos invita a cuestionar lo "inevitable" y soñar con una sociedad más justa. Como economista literario, te digo: léelo y sentirás que entiendes mejor el mundo – ¡es desafiante, transformador y, quién sabe, quizás te inspire a cambiar algo en tu entorno!"La riqueza de las naciones" de Adam Smith: https://youtu.be/nuobjK6V1ww"El capital del siglo XXI" de Thomas Piketty:https://youtu.be/LYFau_2kQ08"El manifiesto comunista" de Karl Marx y Friedrich Engelshttps://youtu.be/uoXsFEh9aOI"Crónicas Lunares di Sun" es un podcast cultural presentado por Irving Sun, que abarca una variedad de temas, desde la literatura y análisis de libros hasta discusiones sobre actualidad y personajes históricos. Se difunde en múltiples plataformas como Ivoox, Apple Podcast, Spotify y YouTube, donde también ofrece contenido en video, incluyendo reflexiones sobre temas como la meditación y la filosofía teosófica. Los episodios exploran textos y conceptos complejos, buscando fomentar la reflexión y el autoconocimiento entre su audiencia, los "Lunares", quienes pueden interactuar y apoyar el programa a través de comentarios, redes sociales y donaciones. AVISO LEGAL: Los cuentos, poemas, fragmentos de novelas, ensayos y todo contenido literario que aparece en Crónicas Lunares di Sun podrían estar protegidos por derecho de autor (copyright). Si por alguna razón los propietarios no están conformes con el uso de ellos por favor escribirnos al correo electrónico cronicaslunares.sun@hotmail.com y nos encargaremos de borrarlo inmediatamente. Si te gusta lo que escuchas y deseas apoyarnos puedes dejar tu donación en PayPal, ahí nos encuentras como @IrvingSun  https://paypal.me/IrvingSun?country.x=MX&locale.x=es_XC  Síguenos en:  Telegram: Crónicas Lunares di Sun  ⁠Crónicas Lunares di Sun - YouTube⁠ ⁠https://t.me/joinchat/QFjDxu9fqR8uf3eR⁠  ⁠https://www.facebook.com/cronicalunar/?modal=admin_todo_tour⁠  ⁠Crónicas Lunares (@cronicaslunares.sun) • Fotos y videos de Instagram⁠  ⁠https://twitter.com/isun_g1⁠  ⁠https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy9lODVmOWY0L3BvZGNhc3QvcnNz⁠  ⁠https://open.spotify.com/show/4x2gFdKw3FeoaAORteQomp⁠  https://mx.ivoox.com/es/s_p2_759303_1.html⁠ https://tunein.com/user/gnivrinavi/favorites⁠ ORTOLARRY:  - NORTE 9 #175 ESQ. OTE 164. COLONIA MOCTEZUMA SEGUNDA SECCION. CDMX - NORTE 17# 211-A COLONIA MOCTEZUMA SEGUNDA SECCION C.P 15530 ALCALDIA VENUSTIANO  Teléfonos: 5557860648, 5524158512. Whatsapp: 5561075125 

President Trump in a video address posted online lays out few details about the U.S.'s objectives in its war with Iran, but says more U.S. service members may die before the conflict is over.Then, NPR's Leila Fadel asks Democratic Rep. Adam Smith of Washington, the ranking member on the House Armed Services Committee, about President Trump's unilateral authorization to strike Iran.Support NPR and hear every episode of Trump's Terms sponsor-free with NPR+. Sign up at plus.npr.org.To manage podcast ad preferences, review the links below:See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

There are seasons where you're doing your best to keep moving, but underneath it all you're thinking, I just wish God would make this clearer. Not a vague feeling, not a coincidence — something obvious. Say something. Step in. Let me know You're actually here. The first followers of Jesus didn't have to wonder like that. They walked with Him, heard His voice, watched Him handle real problems in real time. And then, right in the middle of that security, He told them it would be better if He left. Not easier. Better. No detailed explanation — just a promise they couldn't yet make sense of. Which only sounds like bad news unless God was about to relate to them in a way closer than standing beside them. How could that possibly be good news? Unless God was about to become closer than they ever imagined. What if His presence isn't something you look for—but something you learn to live with?If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

Matthew 6:1-18 | Adam Smith

Matthew 6:1-18 | Adam Smith

KGMI's Adam Smith and Dianna Hawryluk chat about I Can't Believe It's Not Rock at the Upfront Theatre, the Whatcom Farm Expo in Lynden, Night of the Helles at K2, Reposado performing at Wild Buffalo, and local rock bands at Shakedown.

Subscribe to Bad Faith on Patreon to instantly unlock our full premium episode library: http://patreon.com/badfaithpodcast Washington Congressional candidate & former Socialist Seattle City Councilmember Kshama Sawant returns to Bad Faith to give her no-holds-barred assessment of left elected officials as they navigate the Democratic Establishment, to weigh in on the Epstein files -- including Chomsky's involvement --, and to provide a clear blueprint for how the left should resist. She also weighs in on the limits of labor given business unionism capture and strategies to overcome it, while updating us on the progress of her Congressional campaign against Zionist corporatist Adam Smith. Subscribe to Bad Faith on YouTube for video of this episode. Find Bad Faith on Twitter (@badfaithpod) and Instagram (@badfaithpod). Produced by Armand Aviram. Theme by Nick Thorburn (@nickfromislands).

As we approach the 250th anniversary of Adam Smith's “Wealth of Nations" this March, his theories on competition and the invisible hand remain part of the bedrock of modern economics. But, have we undermined those theories in our economy today? Widespread public anger suggests there is a growing belief that our current economic system is fundamentally rigged by those at the top. In many instances, backroom access and elite networking appear to be driving who becomes wealthy and successful instead of meritocratic competition. What would the father of economics think about today's crony capitalism, and what would he make of the so-called "Epstein class"? In this episode, we are joined by British Member of Parliament and author of “Adam Smith: Father of Economics” Jesse Norman. He argues that people often forget Smith deeply distrusted concentrated power, highlighting that Smith was heavily critical of wealth generated from insider knowledge or collusion. Smith condemned these practices precisely because they destroy the genuine competition required for free markets to actually benefit society. Applying this historical lens to current events, co-host Luigi Zingales provocatively asks if the so-called “Epstein Class” embody Adam Smith's worst fears, coordinating favors to bypass free market competition. Co-host Bethany McLeans debates whether we should call it a class, or if fixating on Epstein is a distraction from the broader systemic corruption threatening capitalism today. This episode offers a fresh look at the father of economics, and it is the first in a series of episode we're doing that strip away the caricatures of Adam Smith to ask what he'd really make of today's capitalism. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Welcome back Adam Smith, founder of Tension, a Toronto-based user experience firm. It’s been about a year since our last conversation, and Adam Smith’s journey through the rise of AI, the shifting value of UX/UI, and the broader changes across creative and knowledge industries made us reflect more deeply on what we actually do—and how we define ourselves. Adam describes how AI has drastically reduced the manual “effort hours” that once drove the bottom line in UX/UI work. Yet he insists that the real differentiator comes from human experience, intuition, and the scars earned from tackling messy problems. AI can prototype quickly, but it can't replicate the nuanced understanding that comes from his decades in the industry. Later in the episode, we get to the good stuff. Everyone, regardless of their job title, must face disruption head-on. You can’t wait for the new normal. The burden is on US to lead, question assumptions, and carve opportunities out of the unknown. Adam shares his own methods, including writing as a vehicle for self-discovery. He uses writing to process uncertainty, consider his audience, and reinforce the value of authenticity and connection. Something that AI just can’t do. Entrepreneurship, in its purest form, is about being comfortable fumbling in the dark. It's about having the courage not just to keep a business afloat, but to create, experiment, and occasionally fail. The ability to find and filter meaning, purpose, and contribution as the foundation for work is, we believe, now essential for anyone seeking to thrive as automation only gets better and better. Adam Smith’s foray into entrepreneurship and disruption reminds us that tech may change how we work, but it doesn't change why we work. Find Adam Smith at Tension. You can also follow him on LinkedIn. If you enjoyed this episode, you should also check out: Intentional Design with Adam Smith of Tension Agile In Toronto At Night – Adam Smith **GET THE BUSINESS OUTCOMES PARTNER PLAYBOOK** Learn how to deliver undeniable ROI that saves your job and accelerates your future https://learning.fusechamber.com/outcomes-partner-playbook **FORGE GENESIS IS HERE** All the skills you need to stop relying on job postings and start enjoying the freedom of an Agile career on YOUR terms. First cohort starts in Q1 2026 https://learning.fusechamber.com/forge-genesis **THE ALL NEW FORGE LIGHTNING** 12 Weeks to elite leadership! https://learning.fusechamber.com/forge-lightning **JOIN MY BETA COMMUNITY FOR AGILE ENTREPRENEURS AND INTRAPRENEURS** The latest wave in professional Agile careers. Get the support you need to Forge Your Freedom! Join for FREE here: https://learning.fusechamber.com/offers/Sa3udEgz **CHECK OUT ALL MY PRODUCTS AND SERVICES HERE:** https://learning.fusechamber.com **ELEVATE YOUR PROFESSIONAL STORYTELLING – Now Live!** The most coveted communications skill – now at your fingertips! https://learning.fusechamber.com/storytelling **JOIN THE FORGE*** New cohorts for Fall 2025!  Email for more information: contact@badassagile.com We’re also on YouTube! Follow the podcast, enjoy some panel/guest commentary, and get some quick tips and guidance from me: https://www.youtube.com/c/BadassAgile ****** Follow The LinkedIn Page: https://www.linkedin.com/showcase/badass-agile ****** Our mission is to create an elite tribe of leaders who focus on who they need to become in order to lead and inspire, and to be the best agile podcast and resource for effective mindset and leadership game. Contact us (contact@badassagile.com) for elite-level performance and agile coaching, speaking engagements, team-level and executive mindset/agile training, and licensing options for modern, high-impact, bite-sized learning and educational content.

Roger welcomes Samuel Goldman, associate professor of humanities at the University of Florida's Hamilton School for Classical and Civic Education and TFAS faculty member, for a conversation about American political thought, civic education and the ideas that sustain a free society. Goldman reflects on his academic journey, his work teaching TFAS students in Washington and his commitment to helping young people engage seriously with the founding principles of the United States. They discuss Goldman's approach to teaching the Declaration of Independence by reading it closely and treating it as a carefully constructed argument about the purposes of government. Goldman explains how studying Jefferson's writings, “The Federalist Papers” and “The Autobiography of Benjamin Franklin” helps students understand both the ideals and the imperfections of the American founding. They also explore the growth of civic centers such as the Hamilton School, the decline of civic literacy in K-12 education, the role of religion in public life, the influence of Adam Smith and how the founders might assess the condition of the republic 250 years later.The Liberty + Leadership Podcast is hosted by TFAS president Roger Ream and produced by Podville Media. If you have a comment or question for the show, please email us at podcast@TFAS.org. To support TFAS and its mission, please visit TFAS.org/support.Support the show

In this episode, Smith and Mayhew explore one of the most powerful mindset shifts a person can make: focusing only on what's within his control. Drawing on stoic philosophy and real-life examples, they unpack how overreacting to external events, opinions and everyday frustrations quietly drains your energy - and how learning to pause, respond and take responsibility can change everything. Email Us: hello@agameconsultancy.com Adam Smith From depressed and suicidal to the happiest and fittest he's ever been, Adam Smith's self-development journey hasn't been easy but it has been worth it. Today, he's a qualified mindset coach in neuro-linguistic programming (NLP) and a certified Time Line Therapist®. Adam has coached many high performers, using NLP to rewire his clients' thoughts and behaviours so they can destroy limiting beliefs and engineer the change needed to excel. Connect with Adam Smith: https://www.linkedin.com/in/adam-smith-high-performance-coach/ Adam Mayhew Adam Mayhew swapped burnout and binge drinking for ultra marathons, CrossFit and sobriety. A registered nutritional therapist specialising in performance nutrition, Adam supports everyone from office workers to athletes to build healthy eating habits. Using science (and never fad diets, quick fixes or gym bro culture) he helps clients target their problem areas and confidently master diet, training and lifestyle. Connect with Adam Mayhew: https://www.linkedin.com/in/adam-mayhew-nutrition-coaching/ To find out more about Smith & Mayhew: https://agameconsultancy.com/about/

Tonight on The Last Word: Trump threatens higher tariffs after Supreme Court loss. Plus, Epstein survivors demand that the Trump DOJ release the remaining Epstein files. Also, Trump threatens military action against Iran. And a new GOP voting bill could disenfranchise millions of voters. Rep. Hakeem Jeffries, Jess Michaels, Rep. James Walkinshaw, Rep. Adam Smith, and Norm Ornstein join Lawrence O'Donnell. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Send a textWe assess Adam Smith's enduring ideas—moral authorization of commerce, division of labor, emergent order—and confront where his optimism breaks: how democratic politics and business fuse to create monopoly privilege. The result is a maintenance‑intensive commercial order that needs competition defended, not assumed.• presumption for markets under secure property, justice, and competition• division of labor as the main engine of productivity and growth• invisible hand reframed as emergent order, not automatic virtue• critique of mercantilism, monopoly privilege, and rent seeking• limited but real state functions: defense, justice, public works, education• motivational symmetry and public choice constraints on government• trade clarity: buy where cheaper, specialize, gains from exchange• competition as a public good that must be defendedHappy 250th birthday, Wealth of NationsIf you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz

I år er det 250 år siden Adam Smith publiserte Wealth of Nations, boken som formet moderne økonomisk tenkning. Adam Smith var en moralfilosof med et helhetlig syn på marked, stat og samfunn. I Wealth of Nations la han grunnlaget for forståelsen av markedsøkonomi, arbeidsdeling og forholdet mellom politikk og moral. Disse temaene står fortsatt sentralt i dagens politiske og økonomiske debatt. Hvorfor er rettsstaten avgjørende for markedsøkonomien? Hva mente Smith egentlig med den usynlige hånden? Og hvilken betydning fikk Wealth of Nations i sin samtid? I denne episoden har Mathilde Fasting samlet sentrale perspektiver fra tidligere samtaler i Liberal halvtime for å belyse Adam Smiths tenkning 250 år etter. Episode 668.See omnystudio.com/listener for privacy information.

Anyone who's romanticizing the dating scene probably hasn't dated in a while. It's wild out there. Most people now meet online. Which means jumping through all sorts of technological hoops and shifting cultural expectations—padded profiles and airbrushed photos, unwanted DM's and DP's, meaningless hookups and side pieces. But it feels like you have to play along to even have a chance. Everyone keeps it casual, sleeps around, and looks at porn. Is any of it really that big a deal? And is it even possible to survive the current dating scene as a committed Christ follower?If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

In 1776, Adam Smith famously speculates on the concept of a free market and coins the term 'capitalism'. Then, in 2026, the organizers of MotoGP suddenly announce that Philip Island is gone from the official roster of the tournament. Coincidence? We think not! Yes, it's the cruel, cold, capitalist culling of a great circuit and the hosts are not amused. In fact, Mat's literally sick of it and has come down with an awful flu. But just like a certain racing organization, we're a bunch of brutal bastards - so get that man in front of a mic, pronto! And you, too, better press that play button. Because today we're discussing what it means to lose Philip Island, why this decision was made, what precedents it sets and why it's both aggravating and frightful. And stick around, because we've got plenty of other things, too, that we need to discuss before we start racing next week. Like, what bike do we now have the highest technical expectations of? Is it possible for riders to unionize? And what is the best way to keep your temper around awful bikes? Heads up: that last one might be particularly interesting to one specific rider...can you guess who? Please write down your guess on a piece of paper, open up a drink and press play to see if you were right...Want more? Visit our website or support us on Patreon. With big thanks as always to Brad Baloo from The Next Men and Gentleman's Dub Club for writing our theme song. Check out The Nextmen for more great music! 

Matthew 5:38-48 | Adam Smith

Matthew 5:38-48 | Adam Smith

Chris Markowski discusses the importance of understanding financial reality, the principles of Adam Smith's capitalism, and the moral philosophy behind economics. He critiques the current state of government involvement in the economy, the retirement crisis facing Gen X, and the flaws in traditional investment strategies. Markowski also highlights the entertainment nature of financial media and the missteps of private equity firms, particularly in relation to Ivy League investments. The episode concludes with a discussion on the implications of Goldman Sachs' connections to Jeffrey Epstein and the broader issues of accountability in the financial sector.

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Fourth-quarter GDP numbers came in below expectations, but how bad is it really? This episode explains the real drivers behind growth, consumer spending, and government impact, tracing U.S. economic performance from Reagan through Biden. From weak post-recession recoveries to Trump's pre-COVID growth, we explore how true free-market principles—Adam Smith capitalism—can unlock strong, sustainable GDP growth. Stop chasing headlines and understand what really moves the economy.

La economía estudia la asignación de unos recursos escasos y en la resolución de este problema ético, la filosofía es de mayor utilidad que las matemáticas. María Blanco quiere saber cómo se ha estudiado la economía a lo largo de los siglos. Esta ciencia se matematizó en la segunda mitad del siglo XX por culpa de Paul Samuelson, quien representaría mediante complejas ecuaciones las funciones de la oferta y la demanda. No siempre fue este el método de estudio, los primeros economistas se asemejaban más a los filósofos. Antes de escribir La riqueza de las naciones, Adam Smith había publicado La teoría de los sentimientos morales, un tratado sobre la moral. Por suerte, todo río regresa a su cauce. La economía del siglo XXI será filosófica, no matemática.Kapital es posible gracias a sus colaboradores:⁠Thenomba⁠. La escuela que te hará encontrar tu propósito.Thenomba es la escuela que te prepara para encontrar un propósito, no un trabajo.Me han hecho embajador del máster y puedo ofrecerte un descuento especial en el precio. Si quieres matricularte, utiliza el código KAPITAL20 para llevarte una rebaja del 20%. 42 oyentes de este podcast ya utilizaron el código en la exitosa edición de diciembre. Si te preguntas si esto encaja contigo, te recomiendo simplemente escuchar los episodios de hace unas semanas con Higinio Marín y Ricardo Piñero. Higinio y Ricardo son dos de los profesores del máster y esas dos entrevistas reflejan la vocación humanista de su programa. Si resuenan en tu cabeza algunas de las ideas de esas conversaciones, entonces Thenomba es para ti.Patrocina Kapital. Toda la información en este link.Índice:0:32 Un empresario paga costes antes de conocer beneficios.8:18 Valor contraintuitivo de Mercadona.14:23 Compañía de las Indias Orientales.21:04 Todos somos empresarios.32:24 Economistas con vidas de película.39:55 Batalla de gallos entre Keynes y Hayek.46:46 Innecesaria matematización de la economía.49:50 Las movidas de Veblen.54:02 Académicos multidisciplinares.1:06:20 ¿Es un historiador optimista sobre el futuro?1:15:54 Escuela de Salamanca.1:24:04 Solo los judíos podían prestar con interés.1:29:43 Tigres, leones, todos quieren ser los campeones.1:38:26 Es más fácil contar pobres que contar ricos.Apuntes:La riqueza de las naciones. Adam Smith.La teoría de los sentimientos morales. Adam Smith.Risk, uncertainty and profit. Frank Knight.The capitalist and the entrepreneur. Peter Klein.Start-up nation. Dan Senor & Saul Singer.Tratado de economia politica. Jean Baptiste Say.La acción humana. Ludwig von Mises.Teoría general de la ocupación, el interés y el dinero. John Maynard Keynes.Principios de economía política y tributación. David Ricardo.Hacia la estación de Finlandia. Edmund Wilson.Teoría de la clase ociosa. Thorstein Veblen.Economical writing. Deirdre McCloskey.Armonías económicas. Frédéric Bastiat.Bastiat as an economist. María Blanco & Carlos Rodríguez Braun.

KGMI's Adam Smith and Dianna Hawryluk chat about the conditions at the Mount Baker Ski Area, a cake tasting and fundraiser at the Majestic Ballroom, the Wicked sing-along at the Mount Baker Theatre, and live music at venues across the city.

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Is greed good — or does it need limits? This episode explores the balance between ambition and restraint through Gordon Gekko and the moral philosophy of Adam Smith. From The Wealth of Nations to The Theory of Moral Sentiments, Chris examines how ethics, temperance, and free markets — not unchecked greed or government favoritism — drive lasting prosperity.

Guest: John Tamny. Tamny explains Adam Smith's division of labor using the iPhone as an example, arguing that money exists solely to circulate goods and requires stability.

With online dating, smartphones, and apps, we have access to more options than ever. But infinite possibilities can be paralyzing. And just because you can customize a search, doesn't mean you know what you're searching for, or that the person on the other end is being honest about who they are. You've heard people say, “All the good ones are taken.” Is that true? What constitutes a “good one”? Are we looking for the wrong things or in the wrong places? What if it's a bit of both? Are there traits that make a match more likely to last, or is that just a myth? If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

Matthew 5:33-37 | Adam Smith

Matthew 5:33-37 | Adam Smith

In this episode, Robbie Mochrie catches up with Leila Johnston and Fraser Allen to discuss a series of events he has organised to celebrate the 250-year anniversary of Adam Smith's Wealth of Nations. Called The Smith Conversations, the programme begins on 9 March as a distinguished panel of guests assemble at the Library of Mistakes to discuss Smith on Equality. Further events explore Smith's thoughts on Wealth, Capitalism, Power and Education. See link below for tickets.We also hear from Didasko CEO David Clarke as he playfully plans a bus-trip beano to the Weekend of Mistakes in Hay-on-Wye, while Library of Mistakes Librarian Helen Williams provides her guide to books in the collection with a strong focus on that filthy lucre – money.Get your tickets for The Smith Conversationswww.libraryofmistakes.com/lectures

Paul Knowlton on Bad Theology, Plantation Economics You Practice on Yourself, and How Mars Built a Trillion-Dollar Legacy on Mutuality (The Price and Value Journey, Episode 160) In Part 2 of a two-part conversation, Paul Knowlton, attorney and partner at Stanton Law in Atlanta and co-author of Better Capitalism: Jesus, Adam Smith, Ayn Rand, and […]

The more fixated we get on something, the more everything else fades to the background. If you're hoping to meet someone, it can be hard not to put your life on hold until it happens. If a lot of your dreams are based around getting married, it can be hard to know what to do in the meantime. Especially since the meantime is taking way longer than you want it to. What's the wisest thing to do with your single years? How do you make the most of that season and prepare for what's next…regardless of what's next? If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

Matthew 5:31-32 | Adam Smith

Matthew 5:31-32 | Adam Smith

Jonathan Turley introduces his book Rage and the Republic, which examines how the American Revolution succeeded where the French Revolution failed by prioritizing liberty over direct democracy. Turley argues that the American founders purposefully paired their political framework with the capitalist theories of Adam Smith, believing that individual freedom is impossible without economic independence. He warns that modern "new Jacobins" who advocate for radical constitutional changes and socialist policies risk leading the nation toward a mobocracy and eventual tyranny.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In the second episode in our short series about how the history of ideas can help with the deepest puzzles of politics, David talks to political theorist Paul Sagar about the eighteenth-century polymath Adam Smith. Normally thought of as the original champion of free-market economics, Smith was far more interested in history, human psychology and the problems inherent in all political systems. What does it mean to live in a commercial society? How should we understand the promise and pitfalls of equality? Where does human liberty come from? And why has the Adam Smith Institute made a mockery of his name? Next time: Learning from Max Weber You can find out everything you need to know about this podcast – who we are, what we do, plus merch, events and full lists of our episodes and PPF+ bonus episodes on our website https://www.ppfideas.com  Learn more about your ad choices. Visit podcastchoices.com/adchoices