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John Maytham is joined by Lisette IJssel de Schepper, Chief Economist at the Bureau for Economic Research. We get her take on whether government has done enough to avoid a credit rating downgrade, and what the latest budget means for debt sustainability, service delivery, and future tax measures. Presenter John Maytham is an actor and author-turned-talk radio veteran and seasoned journalist. His show serves a round-up of local and international news coupled with the latest in business, sport, traffic and weather. The host’s eclectic interests mean the program often surprises the audience with intriguing book reviews and inspiring interviews profiling artists. A daily highlight is Rapid Fire, just after 5:30pm. CapeTalk fans call in, to stump the presenter with their general knowledge questions. Another firm favourite is the humorous Thursday crossing with award-winning journalist Rebecca Davis, called “Plan B”. Thank you for listening to a podcast from Afternoon Drive with John Maytham Listen live on Primedia+ weekdays from 15:00 and 18:00 (SA Time) to Afternoon Drive with John Maytham broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/BSFy4Cn or find all the catch-up podcasts here https://buff.ly/n8nWt4x Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
John Maytham speaks to Roy Havemann, senior economist at Stellenbosch University’s Bureau for Economic Research. With his extensive policy background and hands-on experience in fiscal modelling, Havemann brings crucial insight into what Budget 3.0 signals for South Africa’s economic future — and for your pocket. Presenter John Maytham is an actor and author-turned-talk radio veteran and seasoned journalist. His show serves a round-up of local and international news coupled with the latest in business, sport, traffic and weather. The host’s eclectic interests mean the program often surprises the audience with intriguing book reviews and inspiring interviews profiling artists. A daily highlight is Rapid Fire, just after 5:30pm. CapeTalk fans call in, to stump the presenter with their general knowledge questions. Another firm favourite is the humorous Thursday crossing with award-winning journalist Rebecca Davis, called “Plan B”. Thank you for listening to a podcast from Afternoon Drive with John Maytham Listen live on Primedia+ weekdays from 15:00 and 18:00 (SA Time) to Afternoon Drive with John Maytham broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/BSFy4Cn or find all the catch-up podcasts here https://buff.ly/n8nWt4x Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
What are tariffs really used for? For economic protection? For political gain? For enforcing foreign policy? In this interview, I discuss the following with my guest scholar: ►Why James Madison foresaw tariffs as an inevitable source of conflict? ►In U.S. history, did Americans ever complain that tariffs are really a tax on the people? ►What was the first instance in which tariffs were used as a foreign policy tool? ►What is the Tariff of Abominations? ►How did tariffs backfire on Southern politicians? ►How are tariffs and secession movements related? ►Were tariffs part of Civil War's history? ►What powers did Congress grants to FDR over tariffs? ►What part of U.S. history does Pres. Trump point to as justification for his tariff policy? ►What was Pres. Reagan's tariff policy? ►How is tariff policy with the USSR different than our tariff policy toward China?
เกาะติดสถานการณ์ หลังสหรัฐฯ และจีนตกลงที่จะลดภาษีนำเข้าสินค้าระหว่างกันชั่วคราวเป็นเวลา 90 วัน รายละเอียดเป็นอย่างไร มุมมองเศรษฐกิจการลงทุน หลังสหรัฐฯ และจีนตกลงลดภาษีชั่วคราว พูดคุยกับ ดร.ปิยศักดิ์ มานะสันต์ Head of Economic Research หัวหน้านักวิจัยเศรษฐกิจ ฝ่ายกลยุทธ์การลงทุน บริษัทหลักทรัพย์ อินโนเวสท์ เอกซ์ จำกัด
Throughout the campaign of 2024, President Donald Trump promised to use tariffs to reset America’s global trade relationships, revitalize American manufacturing, and increase government revenues—and in the first months of his second administration, the president has used tariffs and the threat of tariffs to drive concessions even while raising antagonism and roiling markets. Kimberly Clausing helps us distinguish between the rhetoric and the reality of these tariffs. Clausing is an expert on the taxation of multinational firms. She served as the Deputy Assistant Secretary for Tax Analysis in the U.S. Department of the Treasury, serving as the lead economist in the Office of Tax Policy during the Biden administration. She is a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. Clausing has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Her research examines how government decisions and corporate behavior interplay in the global economy. She has published numerous articles on the taxation of multinational firms, and she is the author of “Open: The Progressive Case for Free Trade, Immigration, and Global Capital.” See omnystudio.com/listener for privacy information.
เกาะติดสถานการณ์ หลังสหรัฐฯ และจีนตกลงที่จะลดภาษีนำเข้าสินค้าระหว่างกันชั่วคราวเป็นเวลา 90 วัน รายละเอียดเป็นอย่างไรมุมมองเศรษฐกิจการลงทุน หลังสหรัฐฯ และจีนตกลงลดภาษีชั่วคราว พูดคุยกับ ดร.ปิยศักดิ์ มานะสันต์ Head of Economic Research หัวหน้านักวิจัยเศรษฐกิจ ฝ่ายกลยุทธ์การลงทุน บริษัทหลักทรัพย์ อินโนเวสท์ เอกซ์ จำกัด
Welcome to episode #983 of Six Pixels of Separation - The ThinkersOne Podcast. Matthew Weinzierl is not just thinking about the future of the economy - he's thinking about the economy of the final frontier. As a professor at Harvard Business School and a Research Associate at the National Bureau of Economic Research, Matt brings the analytical rigor of economic policy to a space sector that's shifting from sci-fi to IPO. In our conversation, we unpack the big thesis behind his new book Space To Grow - Unlocking The Final Economic Frontier(co-authored with Mehak Sarang Rousseau), which reframes space as something more than spectacle or science - it's a place where real economic value is being created right now. This isn't about day trips to orbit or Mars hotels (not yet). It's about the role of market forces, national security, broadband access, sustainability, microgravity manufacturing, and the essential debate between centralized control and decentralized innovation. Matt has built a career studying tax policy and the philosophical underpinnings of economic systems, and now he's applying that lens to a commercial space industry that's still defining its rules. We talk about SpaceX's dominance and what it means for competition, the outdated frameworks of international space law, and why economists are uniquely suited to help structure the future of space activity. We also explore the symbolic and practical value of human exploration, and how figures like Elon Musk and Jeff Bezos shape the public's understanding of what's possible (and what might be hype). What makes Matt so compelling is his clarity... he doesn't get swept up in the cosmic dreams without asking who benefits, who governs, and what kind of economic system we're building in orbit and beyond. If you've been curious about the real forces shaping the space economy - and what it might mean for Earth - this episode is a must-listen. Enjoy the conversation... Running time: 58:47. Hello from beautiful Montreal. Listen and subscribe over at Apple Podcasts. Listen and subscribe over at Spotify. Please visit and leave comments on the blog - Six Pixels of Separation. Feel free to connect to me directly on Facebook here: Mitch Joel on Facebook. Check out ThinkersOne. or you can connect on LinkedIn. ...or on X. Here is my conversation with Matthew Weinzierl. Space To Grow - Unlocking The Final Economic Frontier. Economics Of Space. Mehak Sarang Rousseau. Follow Matt on LinkedIn. Chapters: (00:00) - Introduction to Space Economics. (03:05) - The Intersection of Economics and Space. (06:09) - Challenges in the Space Sector. (09:06) - Market Dynamics and Competition in Space. (12:11) - The Role of National Security in Space. (14:48) - The Future of Space Exploration. (18:02) - Arguments For and Against Space Exploration. (29:32) - The Double-Edged Sword of Celebrity in Business. (31:13) - Decentralization: Opportunities and Challenges. (35:26) - Balancing Centralization and Decentralization in Space. (38:32) - The Ethical Implications of Space Exploration. (40:17) - Regulating the New Frontier: Challenges Ahead. (44:54) - The Reality of Mars Missions. (48:53) - Unlocking the Value of Space Resources. (51:37) - The Role of Humans in Space Exploration. (53:46) - Economic Policies and Global Trade Dynamics.
The Elephant In The Room Property Podcast | Inside Australian Real Estate
How much of what we hear about Australia’s housing crisis is actually true, and how much is just media hype? In this episode, we’re joined by Cameron Kusher, a property economist who’s here to speak without corporate filters, and he doesn’t hold back. We talk about how the media often gets housing stories wrong, oversimplifying complex issues just to chase clicks. The real concern? That these headlines shape government policy, leading to short-sighted solutions that don’t actually fix anything. Cameron walks us through what’s really driving the supply issue: rising construction costs, GST on new builds, financing hurdles, and why “just build more” isn’t as easy as it sounds. We also chat about the missing piece in most political conversations: renters. There’s been decades of underinvestment in social and affordable housing, but that rarely gets the spotlight. We cover everything from tax reform to built-to-rent models, university responsibilities, and what role governments should be playing. If you’ve ever felt like the housing conversation is stuck or too focused on band-aid solutions, this one’s worth a listen. Episode Highlights: 00:00 - Introduction 01:02 - Who is Cameron Kusher? 01:38 - What frustrates Cameron the most about how media covers the housing market 04:21 - How could governments better assist the housing market? 12:44 - How biased is property media? Can we trust it? 15:26 - What do major networks get wrong about the property market? 17:30 - Why immigration is so hard to reduce and what does it means for housing 22:08 - Will falling inflation and interest rates increase housing approvals? 26:31 - Are planning reforms in NSW and VIC actually working? 33:35 - How much housing supply is considered enough? Can we sustain it? 42:14 - Could tax reform like land tax replace stamp duty? 46:14 - Do bold buyer incentives help or hurt the housing market? 48:37 - Are young people really locked out of the housing market? 51:53 - Is ‘giving while living’ the new Bank of Mum and Dad? 53:55 - Will downsizing boomers actually free up family homes? 57:46 - Are Australians becoming comfortable with lifelong mortgage debt? 1:00:06 - Cameron Kusher's property dumbo About Our Guest: Cameron Kusher is a seasoned property economist and one of Australia’s most respected housing market commentators. With more than 20 years of experience working in the Australian property sector., he has held senior research roles at CoreLogic and REA Group, where he served as Executive Manager of Economic Research. Cameron’s expertise spans residential and commercial property markets, focusing on data-driven insights into housing trends, affordability, and policy impacts. He is a sought-after speaker and writer, known for cutting through media noise to highlight the structural and economic forces shaping Australia’s housing landscape. Connect with Cameron Kusher: LinkedIn https://www.linkedin.com/in/cameron-kusher-bbb71b46/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.alcove.au Work with Chris: chrisbates@alcove.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.
In this episode, Richard Westcott is joined by Simone Schnall, Catherine Molho, and Maximilian Müller to explore a big, everyday question: why do we make the choices we do? From decisions about money and morality to careers and relationships, the conversation digs into what really drives us—whether it's emotions, social pressure, or the stories we tell ourselves after the fact.The conversation explores how physical experiences and emotions like fear or anger can shape our judgement, and how gossip and social norms influence who we trust and how we act. Our experts also discuss how we reshape memories to fit our choices, and how identity can shape what we believe or invest in. It's a fascinating look at what really drives human behaviour—and what that means for how we design policies, technology, the systems we live in, and the role AI might play in shaping our decisions.This episode is hosted by Richard Westcott (Cambridge University Health Partners and the Cambridge Biomedical Campus), and features experts Catherine Molho (IAST), Maximilian Müller (TSE) and Simone Schnall (Cambridge University). Season 4 Episode 8 transcriptListen to this episode on your preferred podcast platform: For more information about the Crossing Channels podcast series and the work of the Bennett Institute and IAST visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/.Follow us on Linkedin, Bluesky and X. With thanks to:Audio production by Steve HankeyAssociate production by Burcu Sevde SelviVisuals by Tiffany Naylor and Aurore CarbonnelMore information about our host and guests:Podcast hostRichard Westcott is an award-winning journalist who spent 27 years at the BBC as a correspondent/producer/presenter covering global stories for the flagship Six and Ten o'clock TV news as well as the Today programme. Last year, Richard left the corporation and is now the communications director for Cambridge University Health Partners and the Cambridge Biomedical Campus, both organisations that are working to support life sciences and healthcare across the city. @BBCwestcottPodcast guestsCatherine Molho is a psychologist studying human cooperation, social norms, and the role of emotions in decision-making, at IAST. Her work draws upon insights from social and evolutionary psychology, behavioral economics, and anthropology. She uses interactive experiments, experience sampling, and cross-cultural surveys to better understand what shapes cooperative and punitive decisions.Maximilian Müller is a behavioural economist at Toulouse School of Economics where he studies questions in fields such as education, development, and family economics. In his research, he examines social influences on individual behavior and beliefs around big life decisions such as career or fertility choices and explores their potential consequences for society-wide outcomes such as intergenerational transmission and social mobility. Simone Schnall is the Director of the Cambridge Body, Mind and Behaviour Laboratory and Fellow of Jesus College at University of Cambridge. By combining insights and methods from social psychology and cognitive science her research explores how thoughts and feelings interact. She aims to understand how people make judgments and decisions about other people, and about physical properties of the world.
Conversation with Phil Magness -- Trade & Tariffs | Yaron Brook ShowPhillip W. Magness is a Senior Fellow at the Independent Institute and the David J. Theroux Chair in Political Economy. He has served as Senior Research Fellow at the American Institute for Economic Research, and as Academic Program Director at the Institute for Humane Studies and Adjunct Professor of Public Policy in the School of Public Policy and Government at George Mason University. He received his Ph.D. from George Mason University's School of Public Policy.
Send us a textRemember the Amazon HQ2 frenzy? When nearly every U.S. state competed to become Amazon's next home, offering billions in tax breaks and incentives? I do — I grew up right next door to Crystal City, Virginia, the site Amazon ultimately chose.In this episode, I talk with economist Peter Calcagno about targeted economic incentives—the controversial policy tool that fueled the Amazon HQ2 bidding war and countless other corporate deals.We explore questions like:What are targeted incentives?Do they actually create economic development and job growth?Why do politicians favor targeted incentives over other tools?Who wins—and who loses—when states compete this way?Peter Calcagno is a professor of economics at the College of Charleston and director of the Center for Public Choice and Market Process. He's also a fellow at the American Institute for Economic Research, where he studies public choice theory and fiscal policy.If you've ever wondered whether government subsidies for big business pay off—or if they just create unfair advantages—this conversation is for you.Want to explore more?Peter Calcagno, Follow the Money, at EconLog.Russell Sobel, Who Really Gains from Billions in Economic Development Incentives? at Econlib.Lauren Heller, Prosperity Without a Price Tag, at EconlibRandy Simmons on Public Choice, a Great Antidote podcast.Art Carden, From Here to Serenity: How Public Choice Makes Me Less Cynical, at Econlib.Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
Lou DiVizio opens the show with some headlines from around the state.Then, Correspondent Gwyneth Doland asks Michael O'Donnell, director of UNM's Bureau of Business and Economic Research, how President Trump's cuts to federal programs will make their mark in our state.And, Lou speaks with Steve Jones, a certified public accountant and Republican candidate running for Congress, about Trump's decision to lay off thousands of federal workers.Host: Lou DiVizioSegments:How Trump's Cuts Could Hit NMCorrespondent: Gwyneth DolandGuest: Michael O'Donnell, Director, University of New Mexico Bureau of Business and Economic ResearchNM Republican Candidate on Trump's Second TermCorrespondent: Lou DiVizioGuest: Steve Jones, Republican Candidate for U.S. Congress, District 1
Good afternoon, I'm _____ with today's episode of EZ News. Tai-Ex opening The Tai-Ex opened marginally lower this morning from yesterday's close, at 20,018 on turnover of 2.7-billion N-T. The market moved higher on Monday led by a tech rally on Wall Street at the end of last - and the main board returned to above the 20,000-point mark for the first time since April 2. Market watchers say buying on the Tai-Ex Monday reflected a continued rally on U-S markets, which showed signs of stabilizing after the tariff shocks .. and it's being suggested that the worst result from the tariff impact is now over. CIER calls on government to seek tariff exemption for ICT products The Chung-Hua Institution for Economic Research says the government should seek a tariff exemption for the island's information and communications technology products during negotiations with the United States. The statement comes after Washington and Taipei held their first negotiations on April 11 - as the government is seeking to ensure that Taiwan will not face a 32-per cent import duty .. as was announced by the U-S on April 2 .. … before a 90-day pause on that was announced on April 9. Washington and Taipei held their first negotiations on April 11 - as the government seeks to ensure that Taiwan will not face hefty tariffs on exports to the U-S market. Centenarian shuttler to compete in World Masters Games The Taipei City Department of Information and Tourism has annouced that a centenarian badminton player will be representing Taiwan at the upcoming World Masters Games. According to city government, 104-year old Lin Yu-mao is one of more than 2,000 athletes aged 65 and above who will be competing in the games. Lin is the Guinness World Records-certified oldest badminton player. Fifteen World Masters Games participants are aged 90 and over, including eight from Taiwan. The oldest participant at this year's quadrennial (四年一次) athletics event is a Thai track and field athlete who is 105 years old. The 2025 World Masters Games is taking place in Taipei and New Taipei from May 17 through 31. Canada Polls Open in National Election Polls are open in Canada's national election, with the ruling Liberal Party favored to win by a narrow margin. The vote comes as Canadians grapple with high living costs, and tensions (緊張局勢) with a confrontational US President, who has made controversial comments about Canada's future. Mitch McCann reports: Brazil Supreme Court Order on Illegal Seizing of Land A justice on Brazil's Supreme Court has ordered the federal government to seize private properties when owners are found responsible for illegal wildfires or deforestation. In addition, authorities must seek compensation from landowners responsible for illegal and intentional (故意的) destruction. The ruling also directed the government to block regularization, a process by which illegally-acquired land becomes legal. The expectation of regularization has been one of the main drivers of deforestation in the Amazon. Land-grabbers clear land in the hope that it will eventually be titled thanks to lax land laws or government amnesties. The court's decision could be appealed. That was the I.C.R.T. EZ News, I'm _____. ----以下訊息由 SoundOn 動態廣告贊助商提供---- ✨宏匯廣場 歡慶璀璨女王節✨
Graeme Raubenherimer is joined by Roy Havemann, Senior Economist at Stellenbosch University’s Bureau for Economic Research – he breaks down the VAT reversal’s impact on the GNU, economically. Follow us on:CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.
Jens Ludwig has an idea for how to fix America's gun violence problem — and it starts by rejecting conventional wisdom from both sides of the political aisle. SOURCES:Jens Ludwig, professor of economics at the University of Chicago and director of the University of Chicago Crime Lab. RESOURCES:Unforgiving Places: The Unexpected Origins of American Gun Violence, by Jens Ludwig (2025)."Scope Challenges to Social Impact," by Monica Bhatt, Jonathan Guryan, Jens Ludwig, and Anuj Shah (National Bureau of Economic Research, 2021)."Citywide cluster randomized trial to restore blighted vacant land and its effects on violence, crime, and fear," by Charles Branas, Eugenia South, Michelle Kondo, Bernadette Hohl, Philippe Bourgois, Douglas Wiebe, and John MacDonald (Proceedings of the National Academy of Sciences, 2018)."Thinking, Fast and Slow? Some Field Experiments to Reduce Crime and Dropout in Chicago," by Sara Heller, Anuj Shah, Jonathan Guryan, Jens Ludwig, Sendhil Mullainathan, and Harold Pollack (Quarterly Journal of Economics, 2016).Thinking, Fast and Slow, by Daniel Kahneman (2013)."Homicide and Suicide Rates Associated With Implementation of the Brady Handgun Violence Prevention Act," by Jens Ludwig and Philip Cook (Journal of the American Medical Association, 2000).The Death and Life of Great American Cities, by Jane Jacobs (1992).The University of Chicago Crime Lab."Becoming a Man" (University of Chicago Crime Lab). EXTRAS:"Do the Police Have a Management Problem?" by Freakonomics Radio (2023)."From prison to Ph.D, this activist fights for peace in Chicago," by Kenya Downs (PBS News, 2016).
The Fed has been able to dismiss the economic risks from deteriorating sentiment by emphasizing the steady unemployment rate and decent job growth over the last seven months. The labor market's surprising resilience over the last few years will now be tested by tariff-induced production changes, federal workforce layoffs, cuts to federal spending, and tighter immigration enforcement. In this episode, we talk with Guy Berger, Director of Economic Research at the Burning Glass Institute, about the risks from a low-churn labor market, how employers are shifting hiring plans amidst new federal policies, and whether the labor market can smoothly adjust to coming policy shocks.
Filip Matějka z Center for Economic Research and Graduate Education – Economics Institute je nejcitovanějším českým ekonomem ve světě. Mluvili jsme spolu hlavně o změně světové ekonomiky po nástupu Donalda Trumpa a jeho pokusu o demontáž globálních obchodních vztahů.O tom, jak politiky jako America First nebo Česko na prvním místě vedou v důsledku k chudobě a zaostávání vlivem snižující se konkurence, zvyšování cen domácích výrobců a k inflaci.Probrali jsme, jestli za izolacionismem Trumpa je nějaký plán, a pokud ano, tak co v něm asi je. Nebo jde jen o krátkodobé vytváření chaosu a potřebu pomocí vybraných cel uplácet jeho voliče.Hledali jsme inspirační vlivy Trumpa v minulosti a probrali, zda jsou opravdu aplikovatelné na současný svět – a samozřejmě i to, co to všechno bude znamenat pro zbytek světa a jak se ostatní státy, jako Čína a Evropa, současné americké politice přizpůsobí.
The Capitalism and Freedom in the Twenty-First Century Podcast
Jon Hartley and Robert Barro discuss Robert's career in economics including his long list of famous students, and research on Ricardian equivalence, fiscal theory of the price level, government spending multipliers, business cycles and the legacy of New Keynesian modeling, economic growth, political economy, the interplay between religion and economics, and much more. Recorded on March 18, 2025. ABOUT THE SPEAKERS: Robert J. Barro is a Paul M. Warburg Professor of Economics at Harvard University, a visiting scholar at the American Enterprise Institute, and a research associate of the National Bureau of Economic Research. He has a Ph.D. in economics from Harvard University and a B.S. in physics from Caltech. Barro is co-editor of Harvard's Quarterly Journal of Economics and has been President of the Western Economic Association and Vice President of the American Economic Association. He was a viewpoint columnist for Business Week from 1998 to 2006 and a contributing editor of The Wall Street Journal from 1991 to 1998. He has written extensively on macroeconomics and economic growth. Recent research involves rare macroeconomic disasters, corporate tax reform, religion & economy, empirical determinants of economic growth, and economic effects of public debt and budget deficits. Recent books include The Wealth of Religions: The Political Economy of Believing and Belonging (with Rachel M. McCleary), Economic Growth (2nd edition, with Xavier Sala-i-Martin), Nothing Is Sacred: Economic Ideas for the New Millennium, Determinants of Economic Growth, and Getting It Right: Markets and Choices in a Free Society. Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/
John Maytham is joined by Lisette IJssel de Schepper, Chief Economist at the Bureau for Economic Research, who helps us make sense of the long-term economic effects of the tariff war and where the global economy might be headed next.See omnystudio.com/listener for privacy information.
Premiums are rising. Insurers are leaving markets. But people keep building in risk-prone areas, and the climate disasters just keep coming. Can insurance markets adapt? In this episode, Shayle talks to Dr. Judd Boomhower, an assistant professor of economics at the University of California-San Diego and a faculty research fellow at the National Bureau of Economic Research. He studies how insurance markets are reacting to climate change. Shayle and Judd cover topics like: Why insurers are limiting coverage in California, Florida, and other high-risk markets How disaster insurance, unlike auto or health insurance, faces a flood of claims all at the same time How catastrophe models (or “cat models” for short) work and why AI and other improvements struggle the solve the fundamental problem: a lack of historical data needed to predict future events The challenges of private “black-box” catastrophe models that can't be reviewed by third parties Reinsurance markets and why they're not attracting more capital to shore up insurers The pros and cons of parametric insurance, an emerging category of insurance products Undercapitalized “fly-by-night” insurers that risk insolvency and failing to pay out claim Recommended resources NBER: How Are Insurance Markets Adapting to Climate Change? Risk Classification and Pricing in the Market for Homeowners Insurance Brookings: “How is climate change impacting home insurance markets?” Credits: Hosted by Shayle Kann. Produced and edited by Daniel Woldorff. Original music and engineering by Sean Marquand. Stephen Lacey is executive editor. Catalyst is brought to you by Anza, a platform enabling solar and storage developers and buyers to save time, reduce risk, & increase profits in their equipment selection process. Anza gives clients access to pricing, technical, and risk data and tools that they've never had access to before. Learn more at go.anzarenewables.com/latitude. Catalyst is brought to you by EnergyHub. EnergyHub helps utilities build next-generation virtual power plants that unlock reliable flexibility at every level of the grid. See how EnergyHub helps unlock the power of flexibility at scale, and deliver more value through cross-DER dispatch with their leading Edge DERMS platform, by visiting energyhub.com.
จับตา ‘ภาษีทรัมป์' ล่าสุดชะลอออกไปชั่วคราว ฟากภาคเอกชนหวังทีมรัฐบาลไทย ‘งัดไพ่เจรจาทรัมป์' เตือนหากเคลียร์ไม่จบ ไตรมาส 2 เสี่ยงหายนะ รายละเอียดเป็นอย่างไร ประมาณการเศรษฐกิจโลกและไทยใหม่ หลังสหรัฐฯ ประกาศ Reciprocal Tariff พูดคุยกับ ดร.ปิยศักดิ์ มานะสันต์ Head of Economic Research หัวหน้านักวิจัยเศรษฐกิจ ฝ่ายกลยุทธ์การลงทุน บริษัทหลักทรัพย์ อินโนเวสท์ เอกซ์ จำกัด
จับตา ‘ภาษีทรัมป์' ล่าสุดชะลอออกไปชั่วคราว ฟากภาคเอกชนหวังทีมรัฐบาลไทย ‘งัดไพ่เจรจาทรัมป์' เตือนหากเคลียร์ไม่จบ ไตรมาส 2 เสี่ยงหายนะ รายละเอียดเป็นอย่างไรประมาณการเศรษฐกิจโลกและไทยใหม่ หลังสหรัฐฯ ประกาศ Reciprocal Tariff พูดคุยกับ ดร.ปิยศักดิ์ มานะสันต์ Head of Economic Research หัวหน้านักวิจัยเศรษฐกิจ ฝ่ายกลยุทธ์การลงทุน บริษัทหลักทรัพย์ อินโนเวสท์ เอกซ์ จำกัด
Can tariffs really bring back American greatness—or are they a ticking time bomb for the economy? In this hard-hitting episode of The Brian Nichols Show, we dive headfirst into one of the most misunderstood and politically charged tools in economics: tariffs. Brian sits down with Aidan Grogan from Young Voices and the American Institute for Economic Research to challenge the prevailing narratives from both the left and right. Are tariffs a weapon for economic revival—or just a tax on the American worker? If you're tired of political echo chambers and want a nuanced take, this is your episode. Studio Sponsor: Cardio Miracle - "Unlock the secret to a healthier heart, increased energy levels, and transform your cardiovascular fitness like never before.": https://www.briannicholsshow.com/heart We kick things off by unpacking the emotional and economic appeal of protectionism. Aidan shares his transformation from a self-described protectionist to a proponent of free trade—backed by real-world outcomes from the Trump and Obama-era tariffs. Spoiler: they didn't exactly bring on a new golden age of American manufacturing. From real data to regional impact, this part of the conversation hits home hard. Then things get personal—and spicy. Brian challenges Aidan with some hard truths from the heartland: empty warehouses, lost jobs, and communities devastated by offshoring. Is it fair to cling to free trade when global competitors like China don't play by the same rules? What role should national security play in shaping trade policy? Can we have both principle and practicality? The conversation deepens with a reality check on automation, AI, and the future of work. Are declining manufacturing jobs a result of trade—or tech? And even if robots take over, who's left to buy the stuff they make? Aidan delivers a masterclass on unintended consequences while Brian pushes back with bold hypotheticals and hard-won sales insights from his B2B world. Finally, we land on common ground. Could tariffs—used wisely—actually become a tool to reduce trade barriers, not raise them? Can Congress reclaim its rightful power over trade policy? And what's the real risk of Trump's tariff tactics becoming more ideology than strategy? This episode isn't just a podcast—it's a crash course in economic warfare, political pragmatism, and what it means to play smart on the world stage. ❤️ Order Cardio Miracle (https://www.briannicholsshow.com/heart) with code TBNS at checkout for 15% off and take a step towards better heart health and overall well-being!
I'm thrilled to announce that our next guest on The Mixtape with Scott is Professor Philip Oreopoulos—one of the most impactful economists working today in education and labor. A PhD student advisee of David Card, Phil is part of the distinguished lineage that helped shape the credibility revolution in applied microeconomics.Now a Professor of Economics and Public Policy at the University of Toronto, Phil has spent his career studying how education policies and interventions affect outcomes for students and workers. His work blends rigorous causal inference with real-world relevance to uncover how both the very large interventions we employ to help society, as well as the seemingly surgically narrow ones, shape the lives of workers and students. He's also a Research Associate at the National Bureau of Economic Research and a Research Fellow at the Canadian Institute for Advanced Research. His CV is full of important papers, but it's the heart behind the work that really stands out—his curiosity about the world and his desire to make a difference. In this episode, we go beyond the papers. We talk about his journey, what it was like working with David Card, and how he found his calling. It's a thoughtful, warm conversation with a scholar who represents the very best of what economics can be.Scott's Mixtape Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Mixtape Substack at causalinf.substack.com/subscribe
A recent study conducted by researchers from the University of Toronto, University of Oklahoma, the Census Bureau, and the National Bureau of Economic Research at Stanford reveals a significant productivity pattern known as the J-curve in American manufacturing following AI adoption. The study indicates that companies often experience short-term productivity losses before realizing long-term gains. Initial use of industrial AI leads to increased work-in-progress inventory and investment in robotics, alongside labor reductions and declines in profitability, particularly affecting older businesses. However, those that adopt growth-oriented strategies can mitigate these initial losses and benefit from stronger growth over time.The podcast also discusses the disconnect between public perception and expert opinion regarding AI capabilities. A panel from the Association for the Advancement of Artificial Intelligence found that a majority of researchers believe public understanding does not align with the reality of AI research, which is hindering progress. Many experts argue that simply scaling up current AI approaches will not lead to achieving human-like intelligence, advocating instead for a cautious and collaborative approach to AI development that emphasizes safety and ethical governance.In addition to AI discussions, the episode highlights the concerning expansion of North Korean IT scams into Europe, targeting high-value sectors such as defense and government. These operatives are using fabricated identities to secure lucrative positions, with the potential to generate billions annually. The FBI has confirmed this shift in tactics, indicating a growing trend of extortion attempts by North Korean operatives. The episode also covers Microsoft's new email security measures aimed at high-volume senders to combat phishing and spoofing attacks, emphasizing the importance of compliance with stricter email authentication standards.Finally, the podcast touches on broader themes of technological advancement and innovation, particularly in the context of competition between the U.S. and China. Notable opinion pieces highlight the rapid technological growth in China, raising concerns about the U.S.'s ability to maintain its innovative edge. The discussion emphasizes the need for businesses to prepare for a fragmented global tech landscape, encouraging investment in automation and AI as part of a resilience strategy. The episode concludes with a reminder of the importance of practical applications of technology, rather than succumbing to the hype surrounding AI. Four things to know today 00:00 AI Adoption: Why the Road to Innovation Is Bumpy but Worth It—According to Experts05:36 North Korean IT Scams Go Global While Microsoft Gets Tough on Spam—Plus DoD's Signal Investigation 08:41 N-able Integrates, TD SYNNEX Finances, and Microsoft Bets on Cloud PCs—What MSPs Need to Know10:46 AI Hype vs. Reality: Are Incremental Gains Enough to Compete Globally? Supported by: https://www.huntress.com/mspradio/https://cometbackup.com/?utm_source=mspradio&utm_medium=podcast&utm_campaign=sponsorship Join Dave April 22nd to learn about Marketing in the AI Era. Signup here: https://hubs.la/Q03dwWqg0 All our Sponsors: https://businessof.tech/sponsors/ Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/ Support the show on Patreon: https://patreon.com/mspradio/ Want to be a guest on Business of Tech: Daily 10-Minute IT Services Insights? Send Dave Sobel a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/businessoftech Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.com Follow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftechBluesky: https://bsky.app/profile/businessof.tech
So, the show today, it's sort of an encore but not really an encore because I recorded this whole new introduction that you are currently listening to. And I also did a few inserts that we popped into the show itself. Inserts from the future, you might say. For a full transcript of this episode, click here. If you enjoy this podcast, be sure to subscribe to the free weekly newsletter to be a member of the Relentless Tribe. But why did I pull this episode from 2021, you might be wondering, as an immediate follow-on to the show from last week (EP469) about possible Medicaid cuts? Well, for one thing, the show last week about Medicaid cuts was about how the cuts might impact plan sponsors. And it left me feeling a little bit like part of the story was going unsaid. So much of what happens in healthcare, we see numbers on a spreadsheet but can easily lose track of human beings. I was reading something the other day. It reminded me of the people behind these numbers. I don't know if this happened in rural America, but it easily could have. Here's the link. Someone could not get a needed surgery. This surgery had all of the medical necessity boxes checked, except the hospital would not perform the needed surgery without cash up front in prepayment. This patient, he did not have enough money to cover the prepayment. So, somebody in the hospital finance department gave him a solution: Just wait until the situation becomes life-threatening, and then I guess you can go to the ER with your newly life-threatening condition, and they will have to perform the surgery without the money up front. And here we have the theme of people not being able to afford or not being able to access primary care or, in this case, I guess something more than that—a surgery—and they wind up in the emergency room. As John Lee, MD, put it, the healthcare system in this country is like a balloon. And the way we are currently squeezing it, everybody is getting squeezed into the emergency room—which is the very most expensive place to obtain care, of course, especially when that care is non-emergent. In rural America, this is particularly true. Now, by no means am I suggesting any kind of magic bullet to this Medicaid situation. As we all know, health and healthcare are not the same thing as health insurance; and we all know enough about the issues with Medicaid. That is not what the show is about. The episode that follows with Nikki King, who is my guest today, offers some great advice when there's just such a scarcity of clinicians available; and she does a great job of it. So, I am going to spend my time with you in this intro talking about rural hospitals in rural areas—the place where many patients wind up when they cannot get primary care in their community, just exacerbating all of the issues we have with Medicaid and affording Medicaid. But yeah, even if there is adequate or even great primary care, you still kind of need a hospital. The thing is, if an economic situation emerges where, say, for example—and this is the case in a lot of rural places—let's just say a factory or two or a mine or whatever closes down. It might mean the local hospital also closes down if that local hospital was dependent on commercial lives and cost shifting to those commercial lives. Like, this is not higher math or anything. It's easy to see how a doom loop immediately gets triggered. Recall that one big reason—and Cynthia Fisher (EP457) talked about this in an episode from a few months ago—one reason why employers in rural areas are choosing to move facilities somewhere else or overseas is that hospital costs are too high in the USA in these rural areas. So, they are closing their factory down because the hospital is charging too much. The lower the volume of commercial lives, the higher the hospital winds up raising their prices for the other employers in the area. Now, there's a point that comes up a lot in 2025 in conversations about rural hospital financials or just hospital financials in general, I guess. I had a conversation with Brad Brockbank about this a while back, and I've been mulling over it ever since. There are many who strongly suggest the reason why rural and other hospitals are in trouble is squarely because they don't have enough patients with commercial insurance in their payer mix. As Nathan Kaufman wrote on LinkedIn the other day, he wrote, “The ‘tipping point' is the percent of commercial gross revenues. When most hospitals hit 25%, if they don't have commercial rates in the high 300% [over Medicare] range, things begin to unravel.” And look, I'm not gonna argue any of the points here. How would I know? For any given hospital, it could be a financial imperative to try to get 300% over Medicare out of the local employers. I don't doubt it. The question I would ask, if someone knows that hospital finances are currently dependent on cost shifting, especially in a rural area with unstable industry, what are the choices that are made by hospital boards or leadership? Is this current dependency used as a justification to level up the cost shifting to local employers just as volume diminishes keep charging more, which is ultimately going to cause even more employers to leave the area? Which seems to be kind of a default. It's like the safety valve is, charge the local employers more. The point I'm making here is not all that profound, actually. It's just to point out that safety valve, taking advantage of it, comes with downstream impact that actually worsens a situation. So, what do we do now? And similar to the Medicaid, what I just said about Medicaid, I'm not showing up with any silver bullet here. And running a hospital is ridiculously hard. So, I do not wanna minimize that. And I certainly do not wanna minimize Medicare advantage paying less than Medicare going on and the mental health crisis and the just crippling issues that a lot of rural hospitals face. Here's a link to a really interesting report by the Center for Healthcare Quality & Payment Reform (CHQPR) about the ways hospitals can restructure and rethink how they deliver services, but I will take a moment to point out some case studies of success for what happens when people crossed off go get more money from the local employers off the list. Then there's also FQHCs (Federally Qualified Health Centers) doing some amazing things even in rural areas. Listen to the episode a while back with Doug Eby, MD, MPH, CPE (EP312) about the Nuka System of Care in Alaska, serving areas so rural, you need to take a prop plane to get to them. Their patients, their members have some of the best outcomes in the entire country. Their secret: yeah … great primary care teams that include behavioral health, the doctor, the nurse, a whole crew. And look at us. We've come full circle. Primary care (good primary care, I mean) is an investment. Everything else is a cost. Lastly, let me just offer a very large update: Today, you cannot just say rural hospital anymore and automatically mean a hospital in dire financial straits struggling to, like, make the rent. Large consolidated hospital systems have bought up so many rural hospitals for all kinds of reasons that may (or maybe not) have less to do with mission and more to do with all the things I discussed with Brennan Bilberry (EP395) in the episode entitled “Consolidated Hospital Systems and Cunning Anticompetitive Contracts.” Here is the original episode with Nikki King. Nikki, let me just mention, has gotten a new job since she was on the pod. She is now the CEO of Alliance Health Centers in Indiana. Also mentioned in this episode are Alliance Health Centers; John Lee, MD; Cynthia Fisher; Patient Rights Advocate; Brad Brockbank; Nathan Kaufman; Doug Eby, MD, MPH, CPE; Nuka System of Care; and Brennan Bilberry. You can learn more at Alliance Health Centers and by following Nikki on LinkedIn. Nikki King, MHSA, DHA, is the chief executive officer for Alliance Health Centers, Inc. Her work serves both urban and rural populations and is focused on substance abuse, communities underserved in healthcare, affordable housing, and economic development. Before working in the healthcare industry, she worked for the Center of Business and Economic Research studying models of sustainability in rural communities. Growing up as a first-generation college student in Appalachia, she brings lived experience of rural communities and approaches her work in healthcare as pivotal in breaking the cycle of poverty. Nikki completed her DHA at the Medical University of South Carolina and her MHSA from Xavier University. 08:14 How dire is the rural hospital situation right now? 08:33 How could freestanding ERs be a potential solution for rural hospitals? 09:56 Advice from CHQPR: Rural hospitals should not be forced to eliminate inpatient care. 11:22 Why is broadband a roadblock to telehealth as a solution for rural health access? 14:52 What are other potential rural health access solutions? 15:37 The “hot potato” of nurse practitioners in the healthcare world. 16:34 “The number of residencies for physicians each year is not increasing, but the population … is increasing.” 20:28 EP312 with Douglas Eby, MD, MPH, CPE, of the Nuka System of Care. 22:00 What's the issue with maternity care in rural America? 24:09 “As healthcare becomes more and more specialized, [the] ability to treat high-risk cases is better, but access gets worse.” 27:57 How is mental health care affected in rural communities? 28:29 “Rural communities are trying very hard to hang on to what they have.” 29:52 “When you look at the one market plan that's available in a rural community, you probably can't afford it.” 31:37 What's the single biggest challenge to moving to a model that incentivizes keeping people healthy? 32:32 “The easiest low-hanging fruit … is having national Medicaid and have that put under the same hood as Medicare.” You can learn more at Alliance Health Centers and by following Nikki on LinkedIn. Nikki King, MHSA, DHA, discusses #ruralhospitals and #ruralprimarycare. #healthcare #podcast #changemanagement #healthcareleadership #healthcaretransformation #healthcareinnovation Recent past interviews: Click a guest's name for their latest RHV episode! James Gelfand (Part 2), James Gelfand (Part 1), Matt McQuide, Stacey Richter (EP467), Vivian Ho, Chris Crawford (EP465), Al Lewis, Betsy Seals, Wendell Potter (Encore! EP384), Dr Scott Conard, Stacey Richter (INBW42)
Let's cut to the chase: “The overwhelming majority of murders in the United States involve guns,” says economist Jens Ludwig. “And in fact, most of the difference in overall murder rates between the United States and other countries are due to murders with guns.” This may seem intuitively obvious to outside observers, but studying guns within the United States has long been a fraught endeavor, and the amount of research isn't commensurate with the impact on U.S. society. That said, Ludwig has taken on exploring the roots of American gun violence, work that serves as grist for the Crime Lab he directs at the University of Chicago and for many of his books, including his latest, Unforgiving Places: The Unexpected Origins of American Gun Violence. What's he's found is that the folk wisdom around gun violence doesn't rally hold up to the evidence. In this Social Science Bites episode, he explains to interviewer David Edmonds how – using insights about ‘system one' and system two' thinking developed by Daniel Kahneman – cognition in individuals has more explanatory power than traditional variables like poverty, education and environment. “I think system one plays an underappreciated role in all interpersonal violence, all of the issues, and this way of seeing what is driving violent behavior among people is equally true for knife violence in the UK and on and on,” Ludwig says. “So I think this is really a universal thing about people's behavior. This sort of frame on the problem helps make sense of a bunch of patterns in the data.” Ludwig is the Edwin A. and Betty L. Bergman Distinguished Service Professor at the University of Chicago, Pritzker Director of the Crime Lab and codirector of the Education Lab at that campus, and codirector of the National Bureau of Economic Research's working group on the economics of crime. He and his labs are routinely recognized for their work. The Crime Lab in 2014, for example, received a MacArthur Award for Creative and Effective Institutions, while eight years earlier Ludwig himself was awarded the Association for Public Policy Analysis and Management's David N. Kershaw Prize for Contributions to Public Policy by Age 40. Some of the books he's co-authored or co-edited include 2000's Gun Violence: The Real Costs, 2003's Evaluating Gun Policy, and 2012's Controlling Crime: Strategies and Tradeoffs.
Keith shares some historical perspective on inflation highlighting the cost of a Taco Bell meal in 1999 to its cost today. He also touches on the concept of service inflation, where services like mail delivery and self-checkout at grocery stores have become less convenient but not cheaper. Keith reviews the historical performance of real estate during the last eight recessions, noting that housing prices usually rise during recessions. He explains the concept of the Inflation Triple Crown: asset price inflation, debt debasement, and cash flow enhancement. Housing prices usually rise during recessions, as demonstrated by historical data. Resources: To learn more about the Inflation Triple Crown go to: getricheducation.com/itc. Show Notes: GetRichEducation.com/547 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 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— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, is higher inflation or even hyper inflation now in our future, and is an imminent recession, or even worse, a depression lurking. What's it all mean for your investments and your real estate? We'll investigate exactly what happens to real estate during recessions, historically today, on get rich education, 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 rights 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 and key 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 get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com Corey Coates 1:19 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 1:35 Welcome to GRE from Hartsdale, New York to Springdale, Utah and across 488 nations worldwide. I'm Keith Weinhold. I think you know that by now, you are inside one of America's longest running and most listened to real estate investing shows. This is get rich education. Most people have two plans. Plan a get rich. If that doesn't work out, the alternative is Plan B, which is hate rich people. We are firmly rooted in plan a for you here. So yes, we're about building your wealth, but ultimately we are a lifestyle improvement show. I'm going to get to high inflation and the potential for a recession or depression in just a minute. But I recently got a reminder on the fragility of life and its finite nature. My oldest friend recently died. He was almost like a mentor to me, a friend of mine's grandmother recently died, shattering her world, and it's a reminder that you won't be remembered for the money that you make. You won't even be remembered the real estate portfolio that you build. I mean, that surely won't last. The tennis that you serve, they'll die as well. I will be forgotten. This show will be forgotten. The people that love you, their opinions will die with them. Your Haters, their opinions will die with them. You can confirm that this is true right now by naming your eight great grandparents for me, there. Go ahead. You can't do it. I can't either. So what can you do, at least in this finite life that you have on earth? What you can do is enjoy your existence. The good news is, because you can control this, you can control enjoying your life and existence as get rich education is ultimately a lifestyle improvement show, and we are squarely helping you do that right here. And one way that I've done that over the years is by pointing out how inflation is actually advantageous to real estate investors. Well, it impoverishes most people. You're initiated on that by now. That's something that you really found out tangibly back during the pandemic. Now today, though, wow, people are frightened. I've got some contemporaneous material to share with you today, but I'll give you some lessons so that even if you're listening to this 10 years from now, you're going to learn some lessons. Americans inflation expectations for the next five years. They just hit the highest level since 1993 Yeah, expecting a lot of inflation, tariff pressures are a huge concern now. Last week, inside our newsletter, I sent you something that gave you some perspective on inflation. I sent you a photo of a Taco Bell receipt from 1999that might have left your mouth agape if you didn't see it. I'll tell you about it here and expand on this. And yes, it could leave you aghast, stupefied, gobsmacked, or even flabbergasted. In a sense, 1999 was not that long ago. It's sure not like ancient history. I mean, I was alive then, yes, I am here, and I'm from the 1900s. Well, this 1999 Taco Bell receipt that someone found perfectly preserved in the pages of a book. It shows a complete meal that was purchased for $3.50 it was actually just $3.26 and then the rest was tax added in. That's 350 for a chili cheese burrito, a taco nachos and a 16 ounce Pepsi. That's not the price for each item. That is the combined total from 1999 All right, how much do you think those same items would cost today? I don't eat there. I went to the Taco Bell website and found out. I mean, what an inflation measuring stick. This is what cost, 350 A Taco Bell in 1999 costs $11.44 today I use the same sales tax rate to come up with that. So today it's 1144 and today they also ask you a question a Taco Bell, if you want to round up for the kids or something like that, and then just watch, pretty soon, they're gonna request a tip too. That's a 327% price increase, and few people's wages have risen that much since 1999See, I told you that you would be left slack job and flabbergasted. All right, so let's look at where we are today. Now it's not an apples to apples comparison, but you know, Taco Bell is a fast food restaurant. Let's look at the price of a consumer item at a sports stadium today. All right, because both are places that everyday Americans frequent college basketball's March Madness tournaments have been taking place the last few weeks. Well, for the first time ever, the SEC is selling beer at its tournament. The price for one large premium draft beer is $17.50 so before tax or tip, 1750 for one beer all in that might be $20 or more, and I doubt that the beer is really that premium. I mean, you know what kind of beer you get at stadiums. So we look at inflation, one beer today is at least five times the cost of a complete Taco Bell meal in 1999 that's price inflation, and that's the stuff that's highly perceptible. Okay, you've been seeing that effect all of your life. It's making most people poorer. It's making real estate investors wealthier. And then there's the inflation that few people consider the less perceptible stuff, service inflation. And what are some examples of service inflation growing up the postal service delivered mail right to my parents porch, and they still do deliver mail right to my parents porch. Their neighborhood was built more than 100 years ago, but look, when new neighborhoods are built today, like places I've lived and perhaps where you live now, the postal service doesn't deliver your mail right to the individual mailbox on your porch. Today, you've got to walk both ways to your neighborhood's mailbox cluster. Some people even have to drive to get their mail. So your mail is no longer being delivered. Really, you have to go pick it up. Well, they don't lower the price for that reduced service level. That's service inflation. A second example is more obvious, grocery self checkout. You're taking the time and doing the work of scanning your groceries, but yet, they sure aren't lowering the prices of your lettuce and your beef jerky. And look service, inflation is here to stay. That is because companies make investments in it. The Postal Service bought those mailbox clusters, the supermarket bought those self checkout kiosks. All right, so with this ramp and price inflation and service inflation, along with it, and the other forms of inflation that I've talked about on the show before, like stagflation, tip inflation and Shrink flation and skimpflation. What is an individual investor like you supposed to do? Well, stock and mutual fund investors get killed by inflation. I mean, think about it this way, just killed if the Sp5, 100 gains 10% but there's 5% inflation. That's a 50% hidden tax on your gain, plus you might pay capital gains tax. On top of that, savers really get obliterated. I mean, just destroyed if your bond yield or your savings account pays 4% interest, and there's 5% inflation. That is a 125% hidden tax on your gain, and then you might pay regular tax on top of that. So stocks and mutual funds and savings accounts are not the answer. What is the answer? Real Estate and borrowing the opposite of saving. And let me address now, whenever people get fearful that another wave of inflation is coming, whether that's tariff induced or otherwise, let's not get carried away and think that Hyperinflation is right around the corner, although definitions of hyperinflation vary, the most accepted one by economists is a 50% inflation rate per month, not annually, per month. So that would be over 600% a year, with compounding. I mean, that would be really hard to get, but what we do know is that inflation is still elevated above the Fed's 2% target. It's 2.8% today. And what we do know is that more inflation is coming at what rate nobody knows. These facts almost necessitate that you have either got to start your own business, which is tough, or become a real estate investor which is easier, in order to escape this and acquire some lasting wealth. Any devoted listener here knows that the formula for beating it is luckily, not highly sophisticated, not esoteric, not anything that you need a degree or certification for, just own income properties with loans, and that's when inflation produces three profit centers. As we know that is something that I coined as the inflation triple crown. So if you're new, you're learning something. If you've been around here for a while, here's a little comprehension test for you. What are the three crowns in the inflation Triple Crown, you win with asset price inflation, debt debasement and cash flow enhancement. Asset price inflation benefits you because you have leverage gains debt debasement passively lightens our debt burden for us, and then cash flow enhancement, that boosts our cash flow above the inflation rate, because our principal and interest payment stays fixed. And you can learn more about that totally free. You don't even have to leave your email address or anything. You can watch the three videos of the inflation Triple Crown at get rich education.com/itc. For inflation, Triple Crown, it's just good free learning for you there I've made available at get rich education.com/itc, it is a foundational financial education. Is a recession or even a depression eminent, that's straight ahead. I'm Keith Weinhold. You're listening to get rich education. You know what's crazy? Your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments. Liquidity fund again. Text family, to 66866 hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Chaley Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com that's Ridge lendinggroup.com you Dani-Lynn Robison 15:45 This is freedom. Family investments. Co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 16:00 Welcome back to get rich Education. I'm your host. Keith Wynne Holland, you are inside episode 547. I'll tell you, being a landlord or real estate investor can really change you now. I was using the stair climber at the gym just before talking to you today, I like to set up a big fan down on the floor to keep me cool before running or climbing. Plug it in, set up a fan. When I'm done, I turn off the fan. It's just a habit. I don't pay the electricity bill at my gym, but it's just the way that I would want to be treated. But you know what? When I find a fan that's already set up before I grab it and start on the treadmill. That fan is always running when no one is using it. No one turns off their fans when they don't have to pay for the electricity. And this reminds me of when I owned apartment buildings in Anchorage, Alaska, and tenants kept their windows open, even during the frigid winter, so that they could get fresh air. Yeah, you can guess who was paying the heating bill. It wasn't the tenant. It was me. The larger the apartment building is, the more likely that the owner is the one that pays for more of the utilities. And of course, in that case, you can look into utility sub metering. That process can be costly, but it might be worth it. It can increase your cash flow and your net operating income, which, when it increases your net operating income, that means that it also increases the apartment buildings value. And you know, in real estate today, you've got to look for where the opportunities are. There are opportunities in every market today. For places where there are specifically good opportunities are apartment buildings where their values have fallen 20 to 30% in some markets, it's wise to invest in beaten down sectors that you just know are going to come back like you know, the demand for apartment buildings is going to be there long term. This doesn't mean that you want to invest in any beaten down sector, like Office real estate in general. I don't see how that's coming back. A second strong real estate opportunity today is to find over built pockets, especially ones that exist in Texas and Florida. I mean, this is why they call them buyers markets. A Texas or Florida seller might make you a deal, and that doesn't mean everywhere in these states. For example, Southwest Florida is one area that's specifically over built, even amidst the national landscape that's under built. A third and a fourth area of specific real estate opportunity today are two that I have mentioned before, but they persist. That is still brand new, properties where many builders are still motivated to buy down your mortgage rate to about 5% even 4.75% in some cases, and new builds have low insurance premiums too. And then a fourth opportunity. That's something that we've covered a good bit here these past few weeks. BRRRR, real estate investing, buy, rehab, rent, refinance and repeat. That's a specifically good strategy if you don't have, say, hundreds of 1000s of dollars in liquidity to invest. Now you might ask, do those four strategies have validity? Do they have cogency in today's market, where there are these fears of an economic slowdown. Oh, yes, they do, or I would not have gone over them, but these palpable recession Fears are growing, and some are even asking, is a new Great Depression eminent? There is tons of bad economic news right now, not just in the US, but the global economy is on the edge, starting earlier this month, stock market tremors have turned into full blown convulsions. Trillions of dollars in wealth have just vaporized, wiped out. Investors are rattled, consumers are anxious. Business owners are confused, and those in power in the administration, they insist that tariffs and policy swings are all just part of a transition period, but a transition to what some have even asked, Is the everything bubble finally about to pop. Is this the brink of a recession or something even deeper, a D pressure? Well, one thing is undeniable, from stocks to crypto asset prices recently made a free fall, and I've got some long term lessons for you today, even if you're listening to this years from now, including what a phenomenon like this historically means for the real estate market, it's about what really happens to property values during an economic recession. Stocks recently had their worst week since 2023 barreling toward an all out bear market crash. A bear market means when 20% of the value has been lost from a recent high. Even Bitcoin, the poster child of speculative excess, has cratered. The carnage has been everywhere. But yet, instead of taking steps to prevent an economic meltdown, the administration in power, whether you like them or not, they have introduced more and more radical policies that could accelerate the crisis. Now, some of the tariffs could help long term, but the short term pain is perceptible, and you've got to be able to survive it. We've got new tariffs on multiple countries, and these are our biggest trading partners, even if these import taxes diminish, this is already strained friendships long term, especially with Canada. These countries keep retaliating with tariffs of their own, Canada, Mexico, China and the EU government spending is being slashed. Mass layoffs of federal employees have been underway for a while now. This is not just an economic experiment. I mean, this is a high stakes gamble with global consequences. So is this a detox period, or is it an economic freefall? Treasury Secretary Scott tebescent described this economic shift as a necessary detox period. That's the phrase that he used, and yes, I need to acknowledge there is no more grandma Yellen running the Treasury for long time, listeners, that is a reference to the long running joke about how my late grandmother resembled former Fed chief and former Treasury Secretary, Janet Yellen, but anyway, according to Besant, the US must break free from what he calls its addiction to government spending in return to private sector growth. Now, hey to me, that sounds good. Actually, that sounds like a good plan for the long term. But here's the problem, that addiction has been the lifeblood of the US economy for decades. And you know, this is something that regular GRE guest macroeconomist Richard Duncan has talked about when he's here. Remember what he's told us for over a decade here on the show, if the US doesn't have 2% real credit growth, credit expansion, well then we go into a recession. Well, what happens when the government cuts spending during soaring consumer prices due to trade wars? What happens when businesses hesitate to invest in the face of extreme uncertainty? Well, the bad news is that tariff whiplash and massive layoffs mean that businesses can't plan, and when businesses can't plan, they freeze. Look, just the other day, I talked to the President of a manufacturing company they make stainless steel tube valves and fittings. Due to all the tariff uncertainty, he's had to set up a reserve account based on what happens next, all right. Well, with that reserve account, that means that that's not money that's going into equipment reinvestment, that's not money that's going into making new hires. What happens when more confidence shatters and markets spiral lower? We may be about to find out. So has the recession, which is a precursor to any depression, already begun? Well, the warning signs are multiplying. Most ominously at last check, the respected Atlanta Fed tracker is now forecasting a more than 2% contraction in US GDP this quarter. That is quite a drawdown and two negative GDP quarters in a row. I mean, that is the definition of what a technical recession is. And here's a quick history piece for you in 1930 to try to quell the effects of the Great Depression, tariffs were passed. Alright. Do you know how badly that turned out back then in 1930 it was called the Smoot Holly Tariff Act. It raised tariffs to try to collect more revenue for the government. It didn't work, and the US sunk deeper into the Great Depression, with rampant unemployment and poverty and social unrest. There was a rise in crime, there were bank failures, even hunger and malnutrition. That's what a depression looks like, right there. Well, back to today. Right now, consumer confidence is collapsing. Retail Sales are plunging. The bond market is signaling distress, and yet those in power appear kind of oblivious to the magnitude of the risk. So what if it's not a transition and it is a start of something far worse? And see, this is just part of what's made investors raise their bets on a recession. Stocks are down like a global trade war has begun. Crypto has fallen like risk appetite has collapsed. Bond prices are rising like inflation is declining, and experts have priced in a 52% chance of a recession in the next 12 months. Okay, 52 that's like flipping a coin and just hoping that it lands on good news. Now in the real estate world, when we talk about direct threats from tariffs, as I've touched on before, the biggest direct threats are tariffs on lumber and on gypsum board. The lumber is used in house framing and trusses. Gypsum board, that just means drywall, the base case for tariffs on Canadian lumber alone, that adds about $10,000 to the cost of a new build typical single family home, which in turn jacks up all existing housing prices and their replacement cost. But let's look beyond that now at market factors. How is real estate adversely affected if the economy slows? Though historically. Let's look at how recessions really affect housing prices, and this is, again, as I like to say, where we take history over hunches. It's easy to have a hunch about what you think is going to happen, but let's look at what has really happened. How do real estate prices perform during recessions. When we look at the last eight recessions, okay? And the most current of those was in 2020, and then when we go back eight recessions ago, that is the 1960s Okay. Well, let me move along in chronological order here, during those eight recessions, starting in the 1960s leading up to today, housing prices, and this includes single family homes up to multifamily apartment buildings, they were just rounding to the nearest whole number here, up 5% there in The late 60s, in that recession, and then up 18% up 14% in the next recession, and then no change, down 1% and then up 6% and then down 13% that was during the 18 month recession, around 2008 and then finally, home prices were up 8% in the latest recession, alright. So in our total of eight recessions since the 1960s home prices only fell significantly one time, and they usually rise that one timethey fell. Let's explore that. That was during the 2008 global financial crisis, which involved more than just the recession. It was a deep recession, that's why it's called the Great Recession, but it also involved more than that. 2008 was special because that was a time of housing oversupply and low homeowner equity positions and a complete mortgage meltdown backed by flimsy liar loans. Well today we are in the opposite of all three of those conditions. We have a housing under supply. Americans have a record 300k plus in protective equity that they are not going to walk away from. And more. Underwriting is stringent, the opposite of a liar loan. So housing prices usually rise in recessions, and if we're teetering on the brink of a recession, there are a lot of reasons to think that housing prices will go up yet again. And by the way, I felt what was happening back in 2008 I invested through it. I think I let you know before that, that's when I owned two four Plex buildings, 2008 but it didn't feel that bad to me, because my properties were temporarily suppressed in value, and that part didn't feel good, but my rents and rental demand went up because no banks would give loans to borrowers to buy properties, so I wouldn't want to sell when the buildings were paying me a higher than ever monthly income. But let's not lose the greater point what I'm telling you here that housing only fell significantly one time through the last eight recessions. That demonstrates the resilience of the housing market. And by the way, those stats were sourced by the NAR and the NB er National Bureau of Economic Research. All right, so why is this? Why is housing resilient in the face of a recession? There are a few reasons, but a main one is see, even if and when times get tough, people still need a place to live, and they will pay for it, especially now, when they have record equity, people are motivated to make mortgage payments and make rent payments, or else they are going to be homeless. So tough times when consumers they get less likely to pay for their car loan are less likely to pay for student loans, and when they default on credit card payments, that's when this stuff happens, but people will fight like heck to avoid losing their home. I mean, people will pay for food, shelter and safety. And also, when it comes to recessions, let's not forget how many bad just God, awful, wrong recession calls there were from over the past two to three years. I mean, the so called experts were wrong, wrong, wrong. Today, the economy is actually starting from a good place. And what do I mean here today, consumers still have money to spend, and they probably will. This is huge, because consumer spending is 70% of the economy, but how will they respond when these higher tariff induced prices hit more shelves at Walmart and Target? We'll see unemployment is still so low that it's practically down there doing squats. But you know these numbers, they're always backward looking, so it does only aim to get worse. The labor market is firm. Interest rates have been pretty steady. They've fallen a little. Energy prices are still down. So really, the bottom line with what I've shown you so far is that federal policies have induced economic trauma, and it does increase the chance of recession over the next 12 months. During recessions, housing is a top performer, and interest rates usually fall as well, and specifically interest rates of all types, including the Fed funds rate, mortgage rates, pretty much every interest rate type, they tend to fall in the mid and late stages of a recession. So this is what you can expect based on history, not hunches. But as for a depression, that is super unlikely. We haven't had one in 90 years, and today. I mean, come on, we have seen what the powers that be do. We can see how they respond to crises. They will just print and print and print more dollars to help pave over any problem. And that's not responsible long term, and it creates more inflation, but that's exactly what the government did to pull us out of the Great Recession and to pull us out of the COVID slowdown. We'll review what you've learned today in just a minute, but let me tell you, though you may very well have the majority of your capital smartly invested in real estate, since that's where the long term wealth creation is, those funds are not very liquid. So what about your liquid funds? Like I pointed out early in the show today, amidst higher inflation expectations, inflation really destroys those in the stock market, and it absolutely crushes savers. Savers really get destroyed, because if your bond yield or your savings account pays you 4% interest, and there's 5% inflation, that is a 125% hidden tax on your gain. And if that's the. Damaging enough there might be tax that you have to pay on that gain, which is not really a gain. This whole thing was a big loss. So for some people, including me, what I do is become a lend. Lord, yes, I get a higher yield by lending to others a lend. Lord. I mean, why settle for just a, say, four and a half percent yield on your liquid funds? I mean, that's the level at both the 10 year bond and the savings account yield today, about four and a half percent. I've parked my own liquid funds for a steady 8% yield that I've been getting for years with a long time established real estate company. I make the loan to them, they have paid on time, every time, for that steady 8% return. And see, when you understand that directly investing in real estate pays five ways, and that a 20 to 30% total ROI, therefore is common and even expected. You can understand how they can pay you and me an 8% return on your liquid funds. You can see where the arbitrage is. Just a little insider tip here. It's called Freedom family investments. If you want to learn more, text family to 66 866. Their minimums are pretty low to 25k and you don't have to be accredited. So for steady 8% returns from the same place in the same vehicle where I've been getting my 8% you can just do it right now. What's on your mind? Text the word family to 66866. Let's review what you've learned today, Americans have higher long term inflation expectations than they've had since 1993 a 1999 Taco Bell receipt really brings to light how much inflation you have experienced in your life. Though, higher inflation can come. Hyper inflation is unlikely. Let's not get carried away. The prospects for a recession are 52% in the next 12 months, per a plurality of experts, but a depression is really unlikely. Now you know how real estate performs in recessions and why it holds up so well it even tends to appreciate coming up here on the show are some prominent guests, including the leader of rezzy club. You might know about them. Sometimes I share their great charts in our newsletter. Yes, rezzy Club's Lance Lambert will be with us. Also, Legacy finance expert Laurel Langemeier will be here with us on another upcoming episode. Thanks for being here, but you weren't here for me. You were here for you. I'm Keith Weinhold. Don't quit your Daydream. Dolf Deroos 37:53 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 38:16 You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 6866 while it's on your mind, take a moment to do it right now. Text, GRE to 6866 The preceding program was brought to you by your home for wealth, building, get rich, education.com.
Insurance forms that make no sense. Subscriptions that can't be cancelled. A never-ending blizzard of automated notifications. Where does all this sludge come from — and how much is it costing us? (Part one of a two-part series.) SOURCES:Benjamin Handel, professor of economics at UC Berkeley.Neale Mahoney, professor of economics at Stanford University.Richard Thaler, professor of economics at The University of Chicago. RESOURCES:"Selling Subscriptions," by Liran Einav, Ben Klopack, and Neale Mahoney (Stanford University, 2023)."The ‘Enshittification' of TikTok," by Cory Doctorow (WIRED, 2023)."Dominated Options in Health Insurance Plans," by Chenyuan Liu and Justin Sydnor (American Economic Journal: Economic Policy, 2022).Nudge (The Final Edition), by Richard Thaler and Cass Sunstein (2021)."Frictions or Mental Gaps: What's Behind the Information We (Don't) Use and When Do We Care?" by Benjamin Handel and Joshua Schwartzstein (Journal of Economic Perspectives, 2018)."Adverse Selection and Switching Costs in Health Insurance Markets: When Nudging Hurts," by Benjamin Handel (National Bureau of Economic Research, 2011). EXTRAS:"People Aren't Dumb. The World Is Hard. (Update)" by Freakonomics Radio (2024)."All You Need is Nudge," by Freakonomics Radio (2021)."How to Fix the Hot Mess of U.S. Healthcare," by Freakonomics Radio (2021)."Should We Really Behave Like Economists Say We Do?" by Freakonomics Radio (2015).
The Rich Zeoli Show- Hour 1: 3:05pm- On Thursday, President Donald Trump announced Rep. Elise Stefanik (R-NY) will no longer be the nominee to serve as Ambassador to the United Nations. In a post to Truth Social, Trump revealed he asked Stefanik to remain in Congress—citing the Republican Party's narrow majority in the House of Representatives and the need for her critical vote to pass conservative policies. Though New York's 21st Congressional District is reliably red, reports indicate that Governor Kathy Hochul (D-NY) was planning to delay filling the vacancy—despite NY law mandating an election within 90 days. 3:30pm- Corey DeAngelis—Senior Fellow at the American Culture Project & Visiting Fellow at the American Institute for Economic Research—joins The Rich Zeoli Show to discuss the Trump Administration's pledge to dismantle the Department of Education. DeAngelis explains that President Donald Trump has emphasized Title I programs and IDEA will still be federally funded and will not be touched. The programs provide funding for students in high-poverty areas as well as students with disabilities. Who could possibly be opposed to returning education to the local level—where parents have more control? President of the American Federation of Teachers Randi Weingarten, of course! DeAngelis emphasizes “her power is slipping right through her fingertips” but this is good news for students, parents, and even teachers. “She makes over half a million dollars a year fighting to trap other people's kids in her failure factories that she likes to call public schools.” DeAngelis is the author of “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools.” 3:40pm- Disney Disaster: Disney's live action remake of the classic film Snow White hit theaters on March 21st. Despite needing to earn a reported $600 million to cover production and marketing costs, the film only grossed $43 million in its opening weekend. Part of the problem, according to reports, is Disney's unwillingness to put the film's star, Rachel Zegler, on an extended promotional tour due to her past controversial comments which have included criticisms of the original Snow White story, nasty comments about castmates, and profane remarks about President Donald Trump and his supporters. According to a new report from Variety, one of the film's producers needed to fly to Zegler and plead with her to stop posting polarizing messages on social media.
The Rich Zeoli Show- Full Episode (03/27/2025): 3:05pm- On Thursday, President Donald Trump announced Rep. Elise Stefanik (R-NY) will no longer be the nominee to serve as Ambassador to the United Nations. In a post to Truth Social, Trump revealed he asked Stefanik to remain in Congress—citing the Republican Party's narrow majority in the House of Representatives and the need for her critical vote to pass conservative policies. Though New York's 21st Congressional District is reliably red, reports indicate that Governor Kathy Hochul (D-NY) was planning to delay filling the vacancy—despite NY law mandating an election within 90 days. 3:30pm- Corey DeAngelis—Senior Fellow at the American Culture Project & Visiting Fellow at the American Institute for Economic Research—joins The Rich Zeoli Show to discuss the Trump Administration's pledge to dismantle the Department of Education. DeAngelis explains that President Donald Trump has emphasized Title I programs and IDEA will still be federally funded and will not be touched. The programs provide funding for students in high-poverty areas as well as students with disabilities. Who could possibly be opposed to returning education to the local level—where parents have more control? President of the American Federation of Teachers Randi Weingarten, of course! DeAngelis emphasizes “her power is slipping right through her fingertips” but this is good news for students, parents, and even teachers. “She makes over half a million dollars a year fighting to trap other people's kids in her failure factories that she likes to call public schools.” DeAngelis is the author of “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools.” 3:40pm- Disney Disaster: Disney's live action remake of the classic film Snow White hit theaters on March 21st. Despite needing to earn a reported $600 million to cover production and marketing costs, the film only grossed $43 million in its opening weekend. Part of the problem, according to reports, is Disney's unwillingness to put the film's star, Rachel Zegler, on an extended promotional tour due to her past controversial comments which have included criticisms of the original Snow White story, nasty comments about castmates, and profane remarks about President Donald Trump and his supporters. According to a new report from Variety, one of the film's producers needed to fly to Zegler and plead with her to stop posting polarizing messages on social media. 4:00pm- Early Thursday morning, the Department of Justice announced the arrest of an alleged leader of the international criminal gang MS-13. He was in the country illegally. Attorney General Pam Bondi stated: “America is safer today because one of the top domestic terrorists in MS-13…is off the streets. This has been an ongoing directive of President Trump. His directive to me when I became Attorney General of the United States was very simple: Keep America safe!” 4:30pm- Cliff Maloney—Citizens Alliance CEO & PA Chase Founder—joins The Rich Zeoli Show to discuss the results of a special election in Lancaster, Pennsylvania. The district was +15 in favor of Donald Trump in November 2024—however, on Tuesday Democrat James Malone defeated Republican Josh Parsons to win a vacated State Senate seat. Republicans will control the PA State Senate 27 to 23 once Malone is sworn into office. PLUS, Maloney reveals he will be working to help Republicans win the 2025 New Jersey gubernatorial race! 4:50pm- Did “remote viewing” lead the CIA to confirm that the Ark of the Covenant is real?!?! Probably not. “Remote viewing” requires paranormal experts to perceive information without using their senses. Rich concludes: this doesn't sound very legitimate… 5:05pm- Dr. EJ Antoni—Research Fellow in The Heritage Foundation's Grover M. Hermann Center for the Federal Budget—joins The Rich Zeoli Show to discuss the Trump Administration's decision to place a 25% tariff on imported automobiles. Dr. Antoni poi ...
It's Thursday, March 27th, A.D. 2025. This is The Worldview in 5 Minutes heard on 125 radio stations and at www.TheWorldview.com. I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark Afghanistan, India, Nigeria, and Vietnam deny religious liberty The United States Commission on International Religious Freedom released its annual report on Tuesday. The report advises the U.S. State Department to designate certain countries as Countries of Particular Concern for severe religious freedom violations. The commission recommended countries like Burma, China, North Korea, and Russia to remain on the list. It further recommended adding Afghanistan, India, Nigeria, and Vietnam. Nearly all the countries on the recommendation list are also on Open Doors' World Watch List of nations where it is most difficult to be a Christian. McKenna Wendt with International Christian Concern said, “[We are] particularly grateful for [the report's] focus on the persecution of our Christian brothers and sisters around the world.” Hebrews 13:3 says, “Remember the prisoners as if chained with them—those who are mistreated—since you yourselves are in the body also.” Christianity & Buddhism saw most losses from religious switching Pew Research released a new report on “religious switching” around the world. In many countries, about one out of five adults have left the religious group they grew up in. Christianity and Buddhism saw the most losses from this religious switching, while those with no religious affiliation increased. Religious switching was common across East Asia, Western Europe, North America, and South America. However, countries with large Christian populations, but with little religious switching, include Nigeria, Kenya, Ghana, the Philippines, Poland, and Hungary. 10,000 Dutch were killed by euthanasia Sadly, nearly 10,000 people were killed in the Netherlands last year through euthanasia. That's up 10% from 2023. Deaths involving psychological suffering were up 60%. Bruno Waterfield, reporting for The Times, said, “There is concern that growing numbers of suicidal people, especially young people, are asking for help to die.” Proverbs 12:10 says “The tender mercies of the wicked are cruel.” Trump's signs Executive Order on Election Integrity In the United States, President Donald Trump signed an Executive Order Tuesday entitled “Persevering and Protecting the Integrity of American Elections.” The order directs states to require proof of citizenship when people register to vote in federal elections. The order also stated, “Above all, elections must be honest and worthy of the public trust. That requires voting methods that produce a voter-verifiable paper record allowing voters to efficiently check their votes to protect against fraud or mistake.” Births increased in states with abortion bans The National Bureau of Economic Research released a report on how abortion bans have affected birth rates. About a dozen states passed near-total abortion bans since the overturning of Roe v. Wade in 2022. This increased the distance to the nearest abortion mill from 50 miles to 300 miles for the average woman in those states. Notably, births also increased by 2.8% in those states compared to what they were expected to be without the abortion ban. Only 16% of Christians believe in Trinity Dr. George Barna released his latest research on American Christianity. About two thirds of U.S. adults identify as Christians according to the report. However, only 16% of self-identified Christians believe in the existence and influence of each person of the Trinity. That number falls to 11% among the general population. People who read the Bible daily and attend church weekly were more likely to believe in God the Father, Jesus the Son, and the Holy Spirit. Dr. Barna noted, “These findings about America's ignorance or rejection of the Trinity are simply another in a long list of examples of people living without the truths and life principles of God shaping their lives.” In Matthew 28:19-20, Jesus said, “Go therefore and make disciples of all the nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, teaching them to observe all things that I have commanded you; and lo, I am with you always, even to the end of the age.” Partial solar eclipse this Saturday morning And finally, a partial solar eclipse is coming to parts of North America this week. The moon will pass between the sun and the Earth on Saturday morning for viewers in parts of the northeastern U.S. The sun and moon won't be perfectly aligned, so only part of the sun will be obscured. The spectacle will also be visible in eastern Canada, western Africa, and Europe. Close And that's The Worldview on this Thursday, March 27th, in the year of our Lord 2025. Subscribe by Amazon Music or by iTunes or email to our unique Christian newscast at www.TheWorldview.com. Or get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.
Helping people move to higher-opportunity neighborhoods requires knowing which neighborhoods are actually better. Are we any good at it? Dionissi Aliprantis shares his research on measuring neighborhood opportunity and the rent assistance program features that could meaningfully reduce racial segregation.Show notes:Aliprantis, D., Martin, H., & Tauber, K. (2024). What determines the success of housing mobility programs? Journal of Housing Economics, 65, 102009.99% Invisible episode on chambre le bonne (maid's rooms) in Paris.Episode 87 of UCLA Housing Voice, on housing voucher lease-up rates with Sarah Strochak.Episode 17 of UCLA Housing Voice, on using fair market rents to improve housing vouchers with Rob Collinson.Episode 58 of UCLA Housing Voice, on the health impacts of Baltimore's housing mobility program with Craig Pollack.The book, Waiting for Gautreaux: A Story of Segregation, Housing, and the Black Ghetto, by Alexander Polikoff.Chetty, R., Friedman, J. N., Hendren, N., Jones, M. R., & Porter, S. R. (2018). The Opportunity Atlas: Mapping the childhood roots of social mobility (No. w25147). National Bureau of Economic Research.Bergman, P., Chetty, R., DeLuca, S., Hendren, N., Katz, L. F., & Palmer, C. (2024). Creating Moves to Opportunity: Experimental evidence on barriers to neighborhood choice. American Economic Review, 114(5), 1281-1337.
In this insightful discussion, host Tiffany Meyer welcomes economist Christian Briggs, CEO of Hard Asset Management, and Pete Earle, Senior Economist at the American Institute for Economic Research, to explore the imminent wave of tariffs and their potential effects. The conversation delves into the immediate inflationary pressures these tariffs may impose on consumers and businesses, as well as the broader implications for global trade dynamics. The experts analyze whether President Trump's vision for reshoring manufacturing and ushering in a "Golden Age" for America is achievable amidst these trade policies. Additionally, they consider the reactions of investors and international allies to the U.S.'s tariff strategies, providing a comprehensive overview of the challenges and opportunities that lie ahead in the evolving economic landscape.
In Ep. 98, Dr. Samuel Gregg kicks off our series on Catholicism and ESG. He & Jerry discuss what a Catholic doctrine of the human person has to say about our economic vision, the moral response to ‘stakeholder capitalism,’ and why God’s command to stewardship & dominion doesn’t mean buying into false narratives about fossil fuels & environmental hysteria. Dr. Gregg is the Friedrich Hayek Chair in Economics and Economic History at the American Institute for Economic Research. Read more here.See omnystudio.com/listener for privacy information.
Hour One:Today, guest host Gardner Goldsmith digs into the latest news of Donald Trump floating the idea that the US government "own and run" nuclear plants in Ukraine - seriously. Gard also discusses the new court verdict against Greenpeace for helping Indians whose tribal lands have been seized try to fight a pipeline in North Dakota that has been subsidized by the US and Canadian governments. Gard expands on yesterday's analysis of federal mistreatment of visitors coming to the US and of Americans who have not had the right "immigration paperwork". We hope to remind politicians and bureaucrats that there is a concept called "DUE PROCESS."Hour Two:Gardner Goldsmith welcomes Jason Sorens, PhD in economics, from the American Institute for Economic Research, in Great Barrington, MA, to discuss tariffs and their dangers, including the new revelations that Fed Chairman Powell might lower interest rates in order to further diminish the buying power of the US Federal Reserve Note (as a way to try to reduce US residents buying foreign goods).Hour Three:Gard is joined by Eric Peters of EricPetersAutosdotCom to discuss privacy, auto mandates, the recent leftist attacks on Teslas, and the rightist pushback that is seeing Donald Trump label as "domestic terrorists" the vandals who are setting Teslas on fire! And Gard concludes with final thoughts from the audience!Thank you for watching! Visit www.TheDavidKnightShow.com for products and the full array of links, and watch Liberty Conspiracy on Rumble, M-F 6 PM, on X as @gardgoldsmith AND get more at the Gardner Goldsmith Substack!If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.
Hour One:Today, guest host Gardner Goldsmith digs into the latest news of Donald Trump floating the idea that the US government "own and run" nuclear plants in Ukraine - seriously. Gard also discusses the new court verdict against Greenpeace for helping Indians whose tribal lands have been seized try to fight a pipeline in North Dakota that has been subsidized by the US and Canadian governments. Gard expands on yesterday's analysis of federal mistreatment of visitors coming to the US and of Americans who have not had the right "immigration paperwork". We hope to remind politicians and bureaucrats that there is a concept called "DUE PROCESS."Hour Two:Gardner Goldsmith welcomes Jason Sorens, PhD in economics, from the American Institute for Economic Research, in Great Barrington, MA, to discuss tariffs and their dangers, including the new revelations that Fed Chairman Powell might lower interest rates in order to further diminish the buying power of the US Federal Reserve Note (as a way to try to reduce US residents buying foreign goods).Hour Three:Gard is joined by Eric Peters of EricPetersAutosdotCom to discuss privacy, auto mandates, the recent leftist attacks on Teslas, and the rightist pushback that is seeing Donald Trump label as "domestic terrorists" the vandals who are setting Teslas on fire! And Gard concludes with final thoughts from the audience!Thank you for watching! Visit www.TheDavidKnightShow.com for products and the full array of links, and watch Liberty Conspiracy on Rumble, M-F 6 PM, on X as @gardgoldsmith AND get more at the Gardner Goldsmith Substack!If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.
In President Donald Trump's recent joint address to Congress, he said, "To unshackle our economy, I have directed that for every one new regulation, ten old regulations must be eliminated." Elon Musk, whom Trump has assigned to execute this vision, has argued that it is time to get rid of all regulations, or as Musk said, “regulations, basically, should be default gone.”Joining Bethany and Luigi to discuss this intensified commitment to deregulation and laissez-faire capitalism is Sam Peltzman, perhaps the leading living expert on the economics of regulation. Peltzman is the Ralph and Dorothy Keller Distinguished Service Professor Emeritus of Economics at the University of Chicago's Booth School of Business and director emeritus of the Stigler Center, which sponsors this podcast and is named after his mentor, Nobel-Prize laureate George Stigler. Together, the three of them chart a historical perspective on regulation, from Stigler's ideas of regulatory capture to the unintended consequences of deregulatory efforts over time to today's “chainsaw” approach to gutting federal agencies. To understand the costs and benefits of regulation, they discuss how federal agencies have recently intervened in markets, if the private sector could not have accomplished these interventions more efficiently, and if these interventions did more harm than good. Their case studies include the funding, testing, and rollout of the COVID-19 vaccine, the regulation of cryptocurrencies, the management of the collapse of Silicon Valley Bank, and the role of the government in addressing climate change. In the process, they answer the trillion-dollar question: Are Trump's deregulation efforts actually efficient?Episode Notes:Revisit our recent episode with Federico Sturzenegger, the Argentinian Minister for State Transformation and DeregulationRead the op-ed Bethany mentions writing in the wake of the financial crisis: Who Wants a 30-Year Mortgage?At the end of the conversation with Peltzman, Luigi asks him about his recent academic papers tracing marriage and happiness. Read these papers on the Stigler Center's Working Paper archives: The Socio-Political Demography of Happiness (2023) and The Anatomy of Marital Happiness (2025)
Guest Lydia Mashburn, American Institute for Economic Research, joins to discuss latest economic fluctuations. Discussion of transitioning from Biden to Trump, inflation coming down, uncertainty with tariffs, and more. Are we on the road to a recession, or are we on the road to the golden age of economic prosperity? Historical moment of President Donald Trump signing the Executive Order to close out the Department of Education. Discussion of downsizing federal government, ending bureaucratic system, and dismantling education failures.
Suzanne O'Sullivan is a neurologist who sees many patients with psychosomatic disorders. Their symptoms may be psychological in origin, but their pain is real and physical — and the way we practice medicine, she argues, is making those and other health problems worse. SOURCES:Suzanne O'Sullivan, neurologist and author of The Age of Diagnosis How Our Obsession with Medical Labels Is Making Us Sicker. RESOURCES:The Age of Diagnosis: How Our Obsession with Medical Labels Is Making Us Sicker, by Suzanne O'Sullivan (2025)."Associations of Depression, Anxiety, Worry, Perceived Stress, and Loneliness Prior to Infection With Risk of Post-COVID-19 Conditions," by Siwen Wang, Luwei Quan, Jorge Chavarro, Natalie Slopen, Laura Kubzansky, Karestan Koenen, Jae Hee Kang, Marc G. Weisskopf, Westyn Branch-Elliman, and Andrea Roberts (JAMA Psychiatry, 2022)."How beliefs about coronavirus disease (COVID) influence COVID-like symptoms? – A longitudinal study." by Liron Rozenkrantz, Tobias Kube, Michael H Bernstein, and John D.E. Gabrieli (Health Psychology, 2022)."Risk factors for worsening of somatic symptom burden in a prospective cohort during the COVID-19 pandemic," by Petra Engelmann, Bernd Löwe, Thomas Theo Brehm, Angelika Weigel, Felix Ullrich, Marylyn Addo, Julian Schulze Zur Wiesch, Ansgar Lohse, and Anne Toussaint (Frontier Psychology, 2022).The Sleeping Beauties: And Other Stories of Mystery Illness, by Suzanne O'Sullivan (2021).Brainstorm: Detective Stories from the World of Neurology, by Suzanne O'Sullivan (2018)."The Trauma of Facing Deportation," by Rachel Aviv (The New Yorker, 2017).It's All in Your Head: True Stories of Imaginary Illness, by Suzanne O'Sullivan (2015).The Body Keeps the Score: Brain, Mind, and Body in the Healing of Trauma, by Bessel van der Kolk (2014)."Explaining the Rise in Youth Suicide," by David Cutler, Edward Glaeser,and Karen Norberg (National Bureau of Economic Research, 2001). EXTRAS:Counted Out, documentary (2024)."Bringing Data to Life," by People I (Mostly) Admire (2023)."Adding Ten Healthy Years to Your Life," by People I (Mostly) Admire (2023)."America's Math Curriculum Doesn't Add Up," by Freakonomics Radio (2019).Race to Nowhere, documentary (2010).Data Science for Everyone.
Jordan Peterson sits down with bestselling author, commentator, and researcher, Dr. Corey DeAngelis. They shed light on where 50% of all state budgets are spent, the surprising stack of monopolies that strangleholds public education, the partisan lies surrounding school choice, and the truth every parent needs to know: school choice uplifts all students. Dr. Corey A. DeAngelis is a senior fellow at the American Culture Project and a visiting fellow at the American Institute for Economic Research. He has been labeled the “school choice evangelist” and called “the most effective school choice advocate since Milton Friedman.” He is a regular on Fox News and frequently appears in The Wall Street Journal. DeAngelis is also the executive director at Educational Freedom Institute, a senior fellow at Reason Foundation, an adjunct scholar at Cato Institute, a board member at Liberty Justice Center, and a senior advisor at Accuracy in Media. He holds a Ph.D. in education policy from the University of Arkansas. He is the national bestselling author of “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools.” This episode was filmed on February 28th, 2025. | Links | For Corey DeAngelis: On X https://x.com/DeAngelisCorey?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Read his most recent book “The Parent Revolution: Rescuing Your Kids from the Radicals Ruining Our Schools” https://amzn.to/4h3wAeK
Host Lauren Goodwin is joined by Emile Gagna, Deputy Head of Economic Research at Candriam, to discuss the latest policy announcements in Europe and the economic outlook.
Lina Khan, the youngest F.T.C. chair in history, reset U.S. antitrust policy by thwarting mega-mergers and other monopolistic behavior. This earned her enemies in some places, and big fans in others — including the Trump administration. Stephen Dubner speaks with Khan about her tactics, her track record, and her future. SOURCES:Lina Khan, former commissioner of the Federal Trade Commission and professor of law at Columbia Law School. RESOURCES:"Merger Guidelines" (U.S. Department of Justice and the Federal Trade Commission, 2023)."The Rise of Market Power and the Macroeconomic Implications," by Jan De Loecker, Jan Eeckhout, and Gabriel Unger (National Bureau of Economic Research, 2019)."US Antitrust Law and Policy in Historical Perspective," by Laura Phillips Sawyer (Harvard Business School, 2019).The Curse of Bigness: Antitrust in the New Gilded Age, by Tim Wu (2018)."Amazon's Antitrust Paradox," by Lina Khan (Yale Law Journal, 2017)."A Tempest In a Coffee Shop," by Tanya Mohn (New York Times, 2004). EXTRAS:"The Economics of Eyeglasses," by Freakonomics Radio (2024)."Should You Trust Private Equity to Take Care of Your Dog?" by Freakonomics Radio (2023)."Are Private Equity Firms Plundering the U.S. Economy?" by Freakonomics Radio (2023)."Is the U.S. Really Less Corrupt Than China — and How About Russia? (Update)" by Freakonomics Radio (2022).
Moody's Analytics colleague, Dante DeAntonio joins the podcast to discuss the February jobs report, and the team shares their angst about potential cracks in the labor market. The conversation then turns to the potential impact of DOGE cuts to the federal workforce and the economic implications of the on-again, off-again tariffs that has developed in recent weeks. Finally, Dante celebrates his clean sweep in the stats game and Mark and Cris revise their recession probabilities. Guest: Dante DeAntonio, Senior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X', BlueSky or LinkedIn @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View.
A small group of elite universities holds an outsized influence over the field of economics, shaping research, policy, and the broader economic narrative. But is that concentration of power stifling innovation and reinforcing the status quo? This week, Harvard economist David Deming joins Nick and Goldy to discuss his recent Atlantic article, in which he argues that Big Econ functions like a monopoly—limiting competition, excluding diverse perspectives, and making it harder for new ideas to take hold. David Deming is the Isabelle and Scott Black Professor of Political Economy at the Harvard Kennedy School. Deming is also a research associate at the National Bureau of Economic Research and Associate Editor of the Journal of Economic Perspectives. Social Media: @ProfDavidDeming Further reading: Break Up Big Econ DOGE Is Failing on Its Own Terms David Deming's Substack Forked Lightning The Trouble With Macroeconomics Website: http://pitchforkeconomics.com Instagram: @pitchforkeconomics Threads: pitchforkeconomics Bluesky: @pitchforkeconomics.bsky.social Twitter: @PitchforkEcon, @NickHanauer, @civicaction YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Substack: The Pitch
Bryce Hill, Director of Fiscal and Economic Research at the Illinois Policy Institute, breaks down Pritzker's record spending $55B budget.See omnystudio.com/listener for privacy information.
Federal Worker Freak Out!! PLUS, Shaun talks to Tom Fortino, Founder and Principal of Alpha Wealth Group, about President Trump and DOGE tearing down the government scams and how Tom can help "Washington-proof" your portfolio. And Bryce Hill, Director of Fiscal and Economic Research at the Illinois Policy Institute, breaks down Pritzker's record spending $55B budget. See omnystudio.com/listener for privacy information.
Earlier this week marked three years since Russia began their military invasion of Ukraine. During the 2024 campaign, President Donald Trump asserted that "the war would have never begun had he been in office" and has made ending the conflict a top priority in his second term. Foreign leaders are heading to DC this week as the new administration works toward achieving peace in Europe. Former Secretary of State Mike Pompeo joins to share why he thinks European leaders have failed in responding to Russian aggression, highlights key principles that should guide the nation's response, and condemns the actions of Hamas. The House will vote later this week on a budget resolution much larger than the Senate approved last week. House Speaker Mike Johnson stated on Sunday that he hopes for final approval in April and that they can "work things out with the Senate later on." The House's version of President Trump's 'one big beautiful bill' would extend his 2017 tax cuts, which will expire at the end of the year. Thomas Savidge, a research fellow at the American Institute for Economic Research, joins to explain how both chambers plan to come together on a budget agreement and why compromise is necessary in government. Plus, commentary from the host of “Tomi Lahren is Fearless on Outkick,” Tomi Lahren. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
Rebecca Henderson is a professor at Harvard Business School and is 1 of only 25 professors at Harvard given the distinction of University Professor, which is the highest honor a professor can receive at Harvard. She is the author of the book Reimagining Capitalism which explores how the private sector can help build a more sustainable economy. Rebecca is also a research fellow at the National Bureau of Economic Research and a fellow of both the British Academy and of the American Academy of Arts and Sciences. She also sits on the boards of several companies, including AMGEN. Rebecca earned a degree in mechanical engineering from MIT and a PhD in business economics from Harvard. In this episode we discuss the following: I love the story Rebecca shared about the book contract she had lined up. She was going to write a book about how we are prone to take on too much stuff, and then she had to cancel the contract because she had taken on too much stuff. Finding the right balance between staying focused and embracing change is a never-ending struggle. Rebecca worked with Nokia, Kodak, and Motorola. All of them were at the cutting edge of technology and poised to dominate the cell phone and camera market. But none could adapt quickly enough to the changing technology. I thought it was fascinating to hear how some firms got superior results to other firms, even though they had the same inputs. The economists hated the finding because the research showed that leadership and management practices could make such a difference. The best firms took care of their people. Here are two of Rebecca's papers: Innovation in the 21st Century: Architectural Change, Purpose, and the Challenges of Our Time Moral Firms? And here is a link to her book website for Reimagining Capitalism. Connect on Social Media: X: https://twitter.com/nate_meikle LinkedIn: https://www.linkedin.com/in/natemeikle/ Instagram: https://www.instagram.com/nate_meikle/ Youtube: https://www.youtube.com/@nate.meikle
“Homeownership is the American Dream.” This saying is so ingrained in our zeitgeist that most Americans don't even pause to question it. However, according to the Black Knights Home Price Index, the average US home price increased nearly 80% from April 2015 to April 2023. Census data reveals that the median household income only increased by 4% during this period. Homeownership has thus become increasingly out of reach, especially for young professionals. So, how did the American Dream become an American nightmare?In his brand new book, “Stuck: How the Privileged in the Propertied Broke the Engine of American Opportunity,” The Atlantic's Deputy Editor Yoni Appelbaum offers a contrarian view, arguing that the crisis in American homeownership isn't actually about cost—it's about mobility. There are many places in America where housing remains affordable and even dirt cheap. The problem is that those affordable options are in less desirable locations, with fewer opportunities for high-quality jobs, education, and health care. Thus, young professionals continue to migrate to communities where opportunities are bountiful, but housing is not.Appelbaum joins Bethany and Luigi to discuss how Americans got “stuck.” Why does mobility matter so much? What are the implications of reduced mobility for Americans' faith in capitalism and the belief that our country is still the land of opportunity? If treating a home as an investment—which many of us do—means less mobility, is being “stuck” so wrong for society? Together, the three of them unpack this entangled question of mobility, homeownership, and what it means for the reformulation of the American Dream.Capitalisn't episodes mentioned:Shattering Immigration Myths: Data Beyond Borders, with Leah BoustanRaj Chetty's Surprising New Insights on How Children SucceedWhat Happened to the American Dream? With David LeonhardtRead an excerpt from Appelbaum's book on ProMarket (Penguin Random House)