Podcasts about economists

President Trump seems even more angry at the media than usual. His lawyers just filed a lawsuit against The New York Times that First Amendment lawyers are dismissing as a total joke. The suit, however, is also chock full of angry rants that appeared dictated by Trump himself. And he announced it with a Truth Social tirade that boiled with fury. Meanwhile, Trump himself snapped directly at reporters in strange ways, hitting one with a bizarre threat and engaging in a bizarre dominance display over the other. This comes as a new poll from the Economist reveals shockingly low support for Trump among independents, a key metric for gauging political strength—or weakness. We talked to Paul Waldman, who recently argued on his Substack, The Cross Section, that Trump's powers of persuasion are failing him. We discuss how Trump both despises and relies on the media, the real reasons for his mounting anger, and how it's all revealing big cracks in his authoritarian project.  Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

Curt discusses how philosophy has directly contributed to physics through Bell's theorem, decoherence theory, the hole argument, and more. Meanwhile, via John Norton, we uncover the hidden philosophical assumptions in physics that most scientists don't even realize they're making. As a listener of TOE you can get a special 20% off discount to The Economist and all it has to offer! Visit https://www.economist.com/toe Join My New Substack (Personal Writings): https://curtjaimungal.substack.com Listen on Spotify: https://open.spotify.com/show/4gL14b9... SUPPORT: Become a YouTube Member (Early Access Videos):    / @theoriesofeverything   Support me on Patreon:   / curtjaimungal   Support me on Crypto: https://commerce.coinbase.com/checkou... Support me on PayPal: https://www.paypal.com/donate?hosted_... Twitter:   / toewithcurt   Discord Invite:   / discord   Curt's Substack article: https://curtjaimungal.substack.com/p/... John Norton [TOE]:    • The 300-Year-Old Physics Mistake No One No...   Neil deGrasse Tyson [TOE]:    • "Philosophers Are USELESS!" Neil & Curt Cl...   How Not to Do Philosophy of Science [article]: https://sites.pitt.edu/~jdnorton/Good... Jacob Barandes [TOE]:    • The Physicist Who Found Quantum Theory's U...   The Hole Argument: https://plato.stanford.edu/entries/sp... General covariance and general relativity [paper]: https://sites.pitt.edu/~jdnorton/pape... Emily Adlam Λ Jacob Barandes [TOE]:    • Harvard Physicist: Why Multiple Universes ...   Eaters of the lotus [paper]: https://sites.pitt.edu/~jdnorton/pape... John Norton's profile: https://sites.pitt.edu/~jdnorton/jdno... Hempel (1988) - Oltre il positivismo logico Popper (1963) - Conjectures and Refutations, Ch. 3 Deutsch (1997) - The Fabric of Reality SOCIALS: Guests do not pay to appear. Theories of Everything receives revenue solely from viewer donations, platform ads, and clearly labelled sponsors; no guest or associated entity has ever given compensation, directly or through intermediaries. LINKS MENTIONED: For further reading on these critiques of instrumentalism: #science Learn more about your ad choices. Visit megaphone.fm/adchoices

#643: Picture this: you're at the Federal Reserve years ago. The chairman literally hangs up a conference call, waits 30 minutes, then calls back — suddenly everyone agrees on the rate decision.  That's the kind of insider story Karsten Jeske (“Big ERN”) shares when he joins us to break down what's happening with the economy right now. Karsten worked at the Federal Reserve Bank of Atlanta for eight years, then spent a decade on Wall Street at Bank of New York Mellon.  Today he runs the popular Early Retirement Now website, where he applies his economist background to help people understand money and markets. You'll hear Karsten explain why the Fed is about to start cutting interest rates. The futures markets are pricing in a 90 percent chance of a quarter-point cut, with more cuts likely through the end of the year.  But why? After all, inflation just ticked up in the latest CPI report, yet the Fed is still planning to lower rates. We dive into how this affects real people. If you're thinking about buying or selling a house, Karsten suggests acting sooner rather than later.  He explains the "buy the rumor, sell the news" principle – the bond market may have already priced in the good news about rate cuts, so waiting might not help you. The conversation covers some surprising economics too. Did you know that high interest rates can actually cause housing inflation?  When mortgage rates are expensive, fewer people build new homes, which drives up prices. It's the opposite of what most people think happens. Karsten walks through the recent jobs report revisions that caught everyone off guard. The government had to subtract nearly a million jobs from their previous estimates. He explains how this happens – it's not that officials are making up numbers, but tracking new businesses is genuinely hard to do in real time. You'll also learn about two Fed tools most people haven't heard of: the dot plot and R-star. The dot plot shows where Fed officials think interest rates should go over time. R-star represents the theoretical perfect interest rate when the economy has no problems — currently around 3 percent. The interview wraps up with Carsten's take on Fed culture. The consensus-building era under Greenspan is giving way to more dissenting votes, which actually makes the central bank more like it was decades ago under Paul Volcker. Enjoy! Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Podcast introduction and guest background Learn more about your ad choices. Visit podcastchoices.com/adchoices

Donald Trump orders the National Parks to remove references to slavery from museums. The school shooter in Evergreen Colorado was a white supremacist. Charlie Kirk murder is the pretext for a major crackdown on liberal speech. Donald filed a massive defamation suit against the New York Times today. Pam Bondi threatened charges against an Office Depot employee who refused to print Charlie Kirk flyers. Grok and The Economist confirm most political violence is right-wing. Transtifa? Donald said “we have to beat the hell” out of “radical left lunatics”. Brian Kilmeade called for lethal injection for homeless mentally ill people. Heroes of Democracy: Cory Booker, Tim Walz, and more! With Jody Hamilton, David Ferguson, music by The Metal Byrds, Brad Brooks, and more!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Improve your sleep today! Head to https://evening.ver.so/toe to get 15% off your first order of Verso's Nightcap Elixir. As a listener of TOE you can get a special 20% off discount to The Economist and all it has to offer! Visit https://www.economist.com/toe Live from MIT Media Lab's Augmentation Lab Summit, I speak with Andres Gomez-Emilsson of the Qualia Research Institute about modeling consciousness and rendering it. You haven't seen psychedelic visuals /experiences explained like this before. We separate qualia from sensory input and map the “geometry” of experience through color—synesthesia, pure hues, after-images, and “is your blue my blue?” Andres demos QRI's GPU tool, a Photoshop for psychedelia built on coupled oscillators and feedback. It recreates LSD/psilocybin's fractal tapestries, DMT's entity-like mirror tunnels, global synchrony, and “white-out.” We cover “psychedelic thermodynamics,” neural annealing and valence flips, and pseudo-time—loops and timeless stretches. The episode makes a case for real-time, in-state phenomenology over questionnaires. This was specifically structured to be informative to both those who have never experienced psychedelics and those who are, let's say, well acquainted. Thank you to Dunya Baradari, Addy Cha, and Andres, of course. Join My New Substack (Personal Writings): https://curtjaimungal.substack.com Listen on Spotify: https://open.spotify.com/show/4gL14b9... SUPPORT: Become a YouTube Member (Early Access Videos):    / @theoriesofeverything   Support me on Patreon:   / curtjaimungal   Support me on Crypto: https://commerce.coinbase.com/checkou... Support me on PayPal: https://www.paypal.com/donate?hosted_... Twitter:   / toewithcurt   Discord Invite:   / discord   SOCIALS: Guests do not pay to appear. Theories of Everything receives revenue solely from viewer donations, platform ads, and clearly labelled sponsors; no guest or associated entity has ever given compensation, directly or through intermediaries. Learn more about your ad choices. Visit megaphone.fm/adchoices

By 2027, the hard right could govern economies worth roughly half of European GDP, the Economist said earlier this month. “It's about time the government listened to what the British people want,” one hairdresser tells the Monitor. In today's stories, we also look at the new U.S.-China deal on TikTok, a strike by bar advocates in Massachusetts, and a program to train rural and Indigenous filmmakers in India. Join the Monitor's Kurt Shillinger for today's news.

This is an edit of a live discussion with Chief Economist Leith van Onselen (one of our most popular guests!) as we explore the latest economic data and dive deep into the chaos created by years of poor policy. Leith is the co-founder of Macrobusiness, and Economist at Nucleus Wealth. We did a deep dive … Continue reading "DFA Live Q&A HD Replay: Who Killed The Australian Economy? With Leith van Onselen"

Keith discusses the potential takeover of the Federal Reserve by President Trump, highlighting the macroeconomic implications.  Economist, author and publisher of Macro Watch, Richard Duncan, joins the show and explains that central bank independence is crucial to prevent political influence on monetary policy, which could lead to excessive money supply and inflation.  Trump's policies, including tariffs and spending bills, are inflationary, necessitating lower interest rates.  Resources: Subscribe to Macro Watch at RichardDuncanEconomics.com and use promo code GRE for a 50% discount. Gain access to over 100 hours of macroeconomic video archives and new biweekly insights into the global economy. Show Notes: GetRichEducation.com/571 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  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:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the President has a plan to completely take over the Fed, a body that historically stays independent of outside influence. Learn the fascinating architecture of the planned fed seizure and how it's expected to unleash a wealth Bonanza and $1 crash with a brilliant macroeconomist today, it'll shape inflation in interest rates in the future world that you'll live in today. On get rich education.    Speaker 1  0:33   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:21   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1  1:31   Welcome to GRE from Fairfax, Virginia to Fairfield, California, and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. The Federal Open Market Committee is the most powerful financial institution, not only in the nation, but in the entire world, and when an outside force wants to wrestle it and take it down. The change that it could unleash is almost incredible. It's unprecedented. The President wants full control. Once he has it, he could then slash interest rates, order unlimited money creation, and even peg government bond yields wherever he wishes, and this could drive wealth to extraordinary new highs, but this also carries enormous risks for the dollar and inflation and overall financial stability. And I mean, come on now, whether you like him or not, is Trump more enamored of power than Emperor Palpatine in Star Wars or what this is fascinating. Today's guest is going to describe the architecture of the takeover the grand plan. Our guest is a proven expert on seeing what will happen next in macroeconomics. He's rather pioneering in AI as well. But today, this all has so much to do with the future of inflation and interest rates. We're going to get into the details of how, step by step, Trump plans to infiltrate and make a Fed takeover.    Keith Weinhold  3:23   I'd like to welcome back one of the more recurrent guests in GRE history, because he's one of the world's most prominent macroeconomists, and he was this show's first ever guest back in 2014 he's worked with the World Bank and as a consultant to the IMF. He's contributed a lot on CNBC, CNN and Bloomberg Television. He's a prolific author. His books have been taught at Harvard and Columbia, and more recently, he's been a guest speaker at a White House Ways and Means Committee policy dinner in DC. So people at the highest levels lean on his macroeconomic expertise. Hey, welcome back to GRE joining us from Thailand as usual. It's Richard Duncan   Richard Duncan  4:03   Keith, thank you for that very nice introduction. It's great to see you again.   Keith Weinhold  4:08   Oh, it's so good to have you back. Because you know what, Richard, what caught my attention and why I invited you back to the show earlier than usual is about something that you published on macro watch, and it's titled, Trump's conquest of the Fed will unleash a wealth Bonanza, $1 crash and state directed capitalism. I kind of think of state directed and capitalism as two different things, so there's a few bits to unpack here, and maybe the best way is to start with the importance of the separation of powers. Tell us why the Fed needs to maintain independence from any influence of the president.   Richard Duncan  4:44   Central banks have gained independence over the years because it was realized that if they didn't have independence, then they would do whatever the president or prime minister told them to do to help him get reelected, and that would tend to lead to excessive money supply. Growth and interest rates that were far too low for the economic environment, and that would create an economic boom that would help that President or politician get reelected, but then ultimately in a bust and a systemic financial sector crisis. So it's generally believed that central bank independence is much better for the economy than political control of the central bank.   Speaker 1  5:24   Otherwise we would just fall into a president's short term interests. Every president would want rates essentially at zero, and maybe this wouldn't catch up with people until the next person's in office.   Richard Duncan  5:35   That's right. He sort of wants to be Fed Chair Trump. That's right, president and Fed Chairman Trump on the horizon. It looks like won't be long, Now.   Speaker 1  5:45   that's right. In fact, even on last week's episode, I was talking about how Trump wants inflation, he won't come out and explicitly say that, of course, but when you look at the majority of his policies, they're inflationary. I mean, you've got tariffs, you've got deportations, this reshaping of the Fed that we're talking about the hundreds of billions of dollars in spending in the one big, beautiful Bill act. It is overwhelmingly inflationary.   Richard Duncan  6:12   It is inflationary. And he may want many of those things that you just mentioned, but what he doesn't want is what goes along with high rates of inflation, and that is high interest rates, right? If interest rates go up in line with inflation, as they normally do in a left to market forces, then we would have significantly higher rates of inflation. There would also be significantly higher rates of interest on the 10 year government bond yield, for instance. And that is what he does not want, because that would be extremely harmful for the economy and for asset prices, and that's why taking over the Federal Reserve is so important for him, his policies are going to be inflationary. That would tend to cause market determined interest rates to go higher, and in fact, that would also persuade the Fed that they needed to increase the short term interest rates, the federal funds rate, if we start to see a significant pickup in inflation, then, rather than cutting rates going forward, then they're more likely to start increasing the federal funds rate. And the bond investors are not going to buy 10 year government bonds at a yield of 4% if the inflation rate is 5% they're going to demand something more like a yield of 7% so that's why it's so urgent for the President Trump to take over the Fed. That's what he's in the process of doing. Once he takes over the Fed, then he can demand that they slash the federal funds rate to whatever level he desires. And even if the 10 year bond yield does begin to spike up as inflation starts to rise, then the President can instruct, can command the Fed to launch a new round of quantitative easing and buy up as many 10 year government bonds as necessary, to push up their price and to drive down their yields to very low levels, even if there is high rate of inflation.   Keith Weinhold  7:58   a president's pressure to Lower short term rates, which is what the Fed controls, could increase long term rates like you're saying, it could backfire on Trump because of more inflation expectations in the bond market.   Richard Duncan  8:12   That's right. President Trump is on record as saying he thinks that the federal funds rate is currently 4.33% he said it's 300 basis points too high. Adjusting would be 1.33% if they slash the short term interest rates like that. That would be certain to set off a very strong economic boom in the US, which would also be very certain to create very high rates of inflation, particularly since we have millions of people being deported and a labor shortage at the moment, and the unemployment rate's already very low at just 4.2% so yes, slashing short term interest rates that radically the federal funds rate that radically would be certain to drive up the 10 year government bond yield. That's why President Trump needs to gain control over the Fed so that he can make the Fed launch a new round of quantitative easing. If you create a couple of trillion dollars and start buying a couple of trillion dollars of government bonds, guess what? Their price goes up. And when the price of a bond goes up, the yield on that bond goes down, and that drives down what typically are considered market determined interest rates, but in this case, they would be fed determined interest rates Trump determined interest rates.   Speaker 1  9:28   Inflationary, inflationary, inflationary, and whenever we see massive cuts to the Fed funds rate that typically correlates with a big loss in quality of life, standard of living, and items of big concern. If we look at the last three times that rates have been cut substantially, they have been for the reasons of getting us out of the two thousand.com bubble, then getting us out of the 2000 day global financial crisis, then getting us out of covid in 2020, I mean, massive rate cuts are. Are typically a crisis response   Richard Duncan  10:02   yes, but if we look back, starting in the early 1980s interest rates have have trended down decade after decade right up until the time covid hit. In fact, the inflation rate was below the Fed's 2% inflation target most of the time between 2008 the crisis of 2008 and when covid started, the Fed was more worried about deflation than inflation during those years, and the inflation rate trended down. And so the interest rates tended to trend down as well, and we're at quite low levels. Of course, back in the early 1980s we had double digit inflation and double digit interest rates, but gradually, because of globalization, allowing the United States to buy more and more goods from other countries with ultra low wages, like China and now Vietnam and India and Bangladesh, buying goods from other countries with low wages that drove down the price of goods in the United States, causing goods disinflation, and that drove down the interest rates. That drove down the inflation rate. And because the inflation rate fell, then interest rates could fall also, and that's why the interest rates were trending down for so long, up until the time covid hit, and why they would have trended down again in the absence of this new tariff regime that President Trump has put into place. Now, this is creating a completely different economic environment. President Trump truly is trying to radically restructure the US economy. There is a plan for this. The plan was spelled out in a paper by the man who is now the Chairman of the Council of Economic Advisors. His name is Steven Moran, and the paper was called a user's guide to restructuring the global trading system. It was published in November last year, and it very clearly spelled out almost everything President Trump has done since then in terms of economic policy. It was truly a blueprint for what he has done since then, and this paper spelled out a three step plan with two objectives. Here are the three steps. Step one was to impose very high tariffs on all of the United States trading partners. Step two was then to threaten all of our allies that we would no longer protect them militarily if they dared to retaliate against our high tariffs. And then the third step was to convene a Mar a Lago accord at which these terrified trading partners would agree to a sharp devaluation of the dollar and would also agree to put up their own trade tariffs against China in order to isolate China. And the two objectives of this policy, they were to re industrialize the United States and to stop China's economic growth so that China would be less of a military threat to the United States, which it is currently and increasingly with each passing month. So so far, steps one and two have been carried out very high tariffs on every trading partner, and also threats that if there's any retaliation, that we won't protect you militarily any longer. And also pressure on other countries to put high tariffs against China. The idea is to isolate China between behind a global tariff wall and to stop China's economic growth. So you can see that is what President Trump has been doing. And also in this paper, Stephen Marin also suggested that it would be very helpful if the Fed would cooperate to hold down 10 year government bond yield in this environment, which would naturally tend to push the bond yields higher. So that paper really did spell out what President Trump has done since then.   Keith Weinhold  13:59   This is fascinating about this paper. I didn't know about this previously, so this is all planned from tariffs to a Fed takeover.   Richard Duncan  14:08   That's right, the idea is to re industrialize the United States. That's what President Trump has been saying for years. Make America Great Again. And it's certainly true that America does need to have the industrial capacity to make steel and ships and pharmaceutical products and many other things in his own national self defense. But there's a problem with this strategy since the breakdown of the Bretton Woods system, and we've talked about this before, so I will do this fast forwarding a bit when the Bretton Woods system broke down up until then it broke down in 1971 before then, trade between countries had to balance. So it wasn't possible for the United States to buy extraordinarily large amounts of goods from low wage countries back then, this thing that's caused the disinflation over the last four decades, trade had to balance because on the Bretton Woods system, if we had a big trade deficit. Deficit, we had to pay for that deficit with gold. US gold, and gold was money. So if we had a big trade deficit and had to pay out all of our gold other countries to finance that deficit, we would run out of gold. Run out of money. The economy would hit a crisis, and that just couldn't continue. We'd stop buying things from other countries. So there was an automatic adjustment mechanism under the Bretton Woods System, or under the classical gold standard itself that prevented trade deficits. But once Bretton Woods broke down in 1971 It didn't take us too long to figure out that it could buy extraordinarily large amounts of things from other countries, and it didn't have to pay with gold anymore. It could just pay with US dollars, or more technically, with Treasury bonds denominated in US dollars. So the US started running massive trade deficits. The deficits went from zero to $800 billion in 2006 and now most recently, the current account deficit was $1.2 trillion last year. So the total US current account deficit since the early 1980s has been $17 trillion this has created a global economic boom of unprecedented proportions and pulled hundreds of millions of people around the world out of poverty. China is a superpower now, because of its massive trade surplus with the US, completely transformed China. So the trade surplus countries in Asia all benefited. I've watched that firsthand, since I've spent most of my career living in Asia, but the United States also benefited, because by buying things from low wage countries that drove down the price of goods, that drove down inflation, that made low interest rates possible, that made it easier for the US to finance its big budget deficits at low interest rates, and so with Low interest rates, the government could spend more and stimulate the economy. Also with very low interest rates, stock prices could go higher and home prices could go higher. This created a very big economic boom in the United States as well. Not only did the trade surplus, countries benefit by selling more to the US, but the US itself benefited by this big wealth boom that has resulted from this arrangement. Now the problem with President Trump's plan to restructure the US economy is that he wants to bring this trade deficit back down essentially to zero, ideally, it seems. But if he does that, then that's going to cut off the source of credit that's been blowing this bubble ever larger year after year since the early 1980s and we have such a big global credit bubble that if this source of credit has been making the bubble inflate, the trade deficit, if that were to significantly become significantly lower, then this credit that's been blowing up, the bubble would stop, and the bubble would implode, potentially creating very severe, systemic financial sector crisis around the world on a much, probably a much larger scale than we saw in 2008 and leading to a new Great Depression. One thing to think about is the trade deficit is similar to the current account deficit. So the current account deficit is the mirror image of capital inflows into the United States. Every country's balance of payments has to balance. So last year, the US current account deficit was $1.2 trillion that threw off $1.2 trillion into the global economy benefiting the trade surplus countries. But those countries received dollars, and once they had that 1.2 trillion new dollars last year, they had to invest those dollars back into us, dollar denominated assets of one kind or another, like government bonds or like US stocks, and that's what they did. The current account deficit is the mirror image of capital inflows into the United States. Last year was $1.2 trillion of capital inflows. Now if you eliminate the current account deficit by having very high trade tariffs and bringing trade back into balance, you also eliminate the capital inflows into the United States, and if we have $1.2 trillion less money coming into the United States a year or two from now, that's going to make it much more difficult to finance the government's very large budget deficits. The budget deficits are expected to grow from something like $2 trillion now to $2.5 trillion 10 years from now, and that's assuming a lot of tariff revenue from the tariffs, budget deficit would be much larger still. So we need the capital inflows from these other countries to finance the US budget deficit, the government's budget deficit. If the trade deficit goes away, the capital inflows will go away also, and with less foreign buying of government us, government bonds, then the price of those bonds will fall and the yield on those bonds will go up. In other words, if there are fewer buyers for the bonds, the price of the bonds will go down and the yield on the bonds will go up. In other words, long term interest rates will go up, and that will be very bad for the US Economy   Speaker 2  14:08   the yields on those 10 year notes have to go up in order to attract investors. Mortgage rates and everything else are tied to those yields.   Richard Duncan  19:36   That's right. And cap rates. When people consider investing in tech stocks, they consider they'll buy fewer stocks if the interest rates are higher. So this is why it's so important for President Trump to conquer the Fed, to take over the Fed. That's what he's doing. Technically, he's very close to accomplishing that. Shall we discuss the details?   Speaker 1  20:29   Yes, we should get more into this fed takeover, just what it means for the future of real estate markets and stock markets. With Richard Duncan, more, we come back. I'm your host, Keith Weinhold   Keith Weinhold  20:41   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. You know what's crazy?    Keith Weinhold  21:13   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. 266, 866, to learn about freedom family investments, liquidity fund again. Text family. 266, 866,   Dani-Lynn Robison  22:24   you is freedom family investments co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Speaker 1  22:31   Welcome back to get Education. I'm your host. Keith Weinhold, we're talking with macroeconomist Richard Duncan about a Fed takeover. I think the President wants to be Fed Chair Trump, Richard. Talk to us more about this, because this is really part of a grand plan.   Richard Duncan  22:57   So the Federal Reserve is in charge of monetary policy. That means it sets the interest rates on the federal funds rate, the short term interest rates, and it also has the power to create money through quantitative easing or to destroy money through quantitative tightening. So the Fed is in charge of monetary policy. The Fed makes its decisions at its it meets eight times a year, the Federal Open Market Committee, the FOMC, meets eight times a year, and they take votes. They discuss what's going on in the economy. They make a decision about what they should do about interest rates, and in some cases, decisions about creating or destroying money through quantitative easing or quantitative tightening. They take a vote. The structure of the Federal Reserve System is as follows. There are seven members of the Federal Reserve Board of Governors, so there are seven fed governors there. The Federal Reserve Board is in based in Washington, DC. In addition to that, there are 12 Federal Reserve banks around the country, like the Federal Reserve Bank of St Louis, for instance, or the Federal Reserve Bank of Kansas, the Federal Reserve Bank of New York. Each of these Federal Reserve Banks have a president, so there are 12 Federal Reserve Bank presidents now at the FOMC meetings where interest rates are decided, all seven fed governors get a vote, but only five Federal Reserve Bank presidents get to vote, and they rotate their votes every year they the following year are different. Five fed presidents get to vote. The Federal Reserve Bank president of New York always gets the vote because New York is such an important financial center, but the other four other presidents keep rotating year after year, and the presidents, 12 presidents, serve five year terms, and they can be reappointed, and their terms expire all at the same time, all on the same day, all of their terms will expire next year on February 28 and they will perhaps be reappointed and perhaps. Be reappointed. So that's the structure, seven Federal Reserve Bank governors and 12 Federal Reserve Bank presidents. All the governors. All seven get to vote at every FOMC meeting, but only five of the Presidents get to vote. So that's a total of 12. The Governors of the Federal Reserve System are the most important the seven. Those seven include the Chairman, Chairman Powell, and this is why they're the most important. They're important because if four of the seven have the power to fire all of the Federal Reserve Bank presidents, if four fed governors vote together, they can fire all 12 Federal Reserve Bank presidents. It only takes four. Only takes four. Then those Federal Reserve Bank presidents would have to be replaced, but the Federal Reserve Board of Governors has to approve the replacements. So if President Trump has four fed governors who will do what he tells them to do, then they can fire all the Federal Reserve Bank presidents and only replace them with other people who will do what President Trump tells them to do. Gosh. So what this means is, if the president can get four Federal Reserve Bank governors out of seven, then he has absolute control over monetary policy. He can do anything he wants with interest rates. He can do anything he wants with quantitative easing. So how many does he have now? Well, he has two that he's appointed, Christopher Waller and Michelle Bowman. They voted to cut interest rates at the last FOMC meeting. That was a dissenting vote, because the rest of the voting members voted to hold interest rates steady. Those two have already voted with the President, so they're on Team Trump, and they're going to stay on Team Trump, because both of them would like to become Fed Chairman when Jerome Powell term expires in May next year, very suddenly and very unexpectedly. A month or so ago, another fed Governor resigned. Her name is Adriana Coogler. Her term was not due to expire for another six months, and she'd not given any indication that she was going to resign early, but she did this now gives the President can nominate the Federal Reserve Bank governors. So he is nominated Stephen Moran, the one who wrote the paper the grand plan. Grand plan. He's nominated him to replace Adriana Coogler, yeah, and he's going to vote on him on his appointment, perhaps within very soon, and it only takes 51 senators to vote him in. And since the Republicans control the Senate, he will be approved, it seems very likely that he will be approved, and that will give President Trump the third vote on the FOMC. He will have three out of the seven governors. He only needs one more, and this is where at least the cook comes in. So on the 26th of August, I think President Trump announced that he was firing Lisa Cook, a Fed governor, because she allegedly had made misleading statements on some mortgage applications that have not been proven yet, that they are alleged. So he says that he has fired her. She has said he does not have the right to fire her. The legal cases that the President does have the right to fire a Federal Reserve Bank Governor, but only for cause. And so there's a real question whether this qualifies as being for cause or not, especially since it's only alleged at this point, but assuming that he does get control. So if he does succeed in firing her, he will be able to appoint her replacement, and that will give him four members, four governors out of the seven. And as we just discussed, with four out of seven, he will have complete control over monetary policy, because with four out of seven, that would give him the power to command those four to vote to fire all 12 presidents of the Federal Reserve Banks, and then to appoint new presidents of the Federal Reserve Banks who would vote along with whatever President Trump tells them to vote for. So in that case, with four fed governors, he would have those Four Plus he would have the five presidents that he would appoint from the Federal Reserve Banks voting for him. So five plus four, that is nine, nine out of 12 voting members on the Federal Open Market Committee. He would be guaranteed nine out of 12 votes on the FOMC, and that would give him complete control over monetary policy, and that's what he needs, because his policies are inflationary. They're going to drive up inflation. They're and that's going to push up the 10 year government bond yield, and it would normally make the Fed also increase the federal funds rate, because higher inflation should the Fed in. Increase the interest rates to cool down the higher inflation. But now that's not going to happen, because he is going to take over the FOMC one way or the other. Just by firing Lisa Cook, he's sending a very clear message to all the other fed governors and to the 12 existing Federal Reserve Bank presidents, you do what I tell you or you may be investigated too. You're next, one way or the other, the President is going to get what the President wants, and what he wants is control over monetary policy, and what that means is much lower short term interest rates and probably another very big round of quantitative easing to hold down long term interest rates as well.   Keith Weinhold  30:41   That was an amazing architecture and plan that you laid out for how a President can take over the Federal Open Market Committee. That was amazing to think about that, and what we believe he wants you talked about it is potentially quantitative easing, which is a genteel way of saying dollar printing. Is it lowering the Fed funds rate down to, I think 1% is what he desired, and we're currently at about 4.3%   Richard Duncan  31:08   that's right. He said he'd like to see the federal funds rate 300 basis points lower, which would put 1.3% we could see a series of very sharp interest rate cuts by the Fed in the upcoming FOMC meetings, so we could see the short term interest rates falling very quickly, but as we discussed a little bit earlier, that would alarm the bond market and investors, because they would realize that much lower interest rates would lead to much higher rates of inflation by overstimulating the economy. And so the 10 year bond yields will move higher for fear of inflation, and that will then force President Trump to command the Fed, to create money through quantitative easing on a potentially trillion dollar scale, and start buying up government bonds to push up their price and drive down their yields, so that the 10 year bond yields and the 30 year bond yields will fall. And since mortgage rates are pegged to the government bond yields mortgage rates will fall, and credit card rates will fall, and bank lending rates will fall, and this will kick off an extraordinary economic boom in the US, and also drive asset prices very much higher and create a wealth Bonanza,   Keith Weinhold  32:15   right? And here, Richard and I are talking interestingly, just two days before the next Fed decision is rendered, therefore, with eminent cuts, we could very well see soaring stock and real estate markets fueled by this cheap credit and this quantitative easing, at least in the shorter term.   Richard Duncan  32:36   But timing is something one must always keep in mind, there is a danger that we could actually see a sell off in the stock market in the near term. If we start seeing the Fed slashing interest rates, then the 10 year bond yields will start moving higher. That would ultimately lead to quantitative easing to drive those yields back down. But when the falling short term interest rates start pushing up interest rates on the 10 year government bond yield because investors expect higher rates of inflation, that could spook the stock market. The stock market's very expensive, so before QE kicks in, there could actually be a period where raising expectations for higher rates of inflation drive the 10 year bond yields higher before the Fed can step in and drive them back down again. We could actually see a sell off in the stock market before we get this wealth boom that will ultimately result when the Fed cuts the short term rates and then quantitative easing also drives down the long term rates. I hope that's not too confusing. There could be a intermediate phase, where bond yields move higher, and that causes the stock market to have a significant stumble. But that wouldn't last long, because then President Trump would command the Fed to do quantitative easing, and as soon as the president says on television that he's going to do quantitative easing, between the moment he says quantitative and the moment he says easing, the stock market is going to rocket higher.   Keith Weinhold  34:05   And here we are at a time where many feel the stock market is overvalued. Mortgage rates have been elevated, but they're actually still a little below their historic norms. The rate of inflation hasn't been down at the Fed's 2% target in years, it's been above them, and we've got signs that the labor market is softening.   Richard Duncan  34:25   That's true. The labor market numbers in the most recent job number were quite disappointing, with the revisions to earlier months significantly lower. But of course, with so many people being deported from the United States now, that's contributing to this lower job growth numbers. If you have fewer people, there are fewer people to hire and add to job creation, so that may have some distorting impact on the low job creation numbers. The economy actually is seems to be relatively strong the the. Latest GDP now forecast that the Atlanta Fed does is suggesting that the economy could grow by three and a half percent this quarter, which is very strong. So the economy is not falling off a cliff by any means. If the scenario plays out, as I've discussed, and ultimately we do get another round of quantitative easing and the Fed cuts short term interest rates very aggressively. That will create a very big economic boom with interest rates very low. That will push up real estate prices, stock prices and gold prices and Bitcoin prices and the price of everything except $1 the dollar will crash because currency values are determined by interest rate differentials. Right now, the 10 year government bond yield is higher than the bond yields in Europe or Japan, and if you suddenly cut the US interest rates by 100 basis points, 200 basis points, 300 basis points, and the bond yields go down very sharply, then it'll be much less attractive for anyone to hold dollars relative to other currencies, and so there will be a big sell off of the dollar. And also, if you create another big round of quantitative easing and create trillions of dollars that way, then the more money you create, the less value the dollar has supply and demand. If you have trillions of extra new dollars, then the value of the dollar loses value. So the dollar is likely to take a significant tumble from here against other currencies and against hard assets. Gold, for instance, that's why we've seen such an extraordinary surge in gold prices.   Speaker 1  36:38   right? Gold prices soared above three $500 and Richard I'm just saying what I'm thinking. It's remarkable that Trump continues to be surrounded by sycophants that just act obsequiously toward him and want to stay in line and do whatever he says. And I haven't seen anyone breaking that pattern.   Richard Duncan  36:59   I'm not going to comment on that observation, but what I would like to say is that if this scenario does play out, and it does seem that we're moving in that direction, then this big economic boom is very likely to ultimately lead to the big economic bust. Every big boom leads to a big bust, right? Big credit booms lower interest rates, much more borrowing by households, individuals, companies. It would while the borrowing is going on, the consumption grows and the investment grows, but sooner or later, it hits the point where even with very low interest rates, the consumers wouldn't be able to repay their loans, like we saw in 2008 businesses wouldn't be able to repay their loans, and they would begin defaulting, as they did in 2008 and at that point, everything goes into reverse, and the banks begin to fail when they don't receive their loan repayments. And it leads to a systemic financial sector crisis. The banks lend less when credit starts to contract, then the economy collapses into a very serious recession, or even worse, unless the government intervenes again. So big boom that will last for a few years, followed by a big bust. That's the most probable outcome, but I do see one other possibility of how that outcome could be avoided, on the optimistic side, and this is it. If once President Trump slash Fed Chairman Trump has complete control over US monetary policy, then it won't take him long to realize Stephen Moran has probably already told him that he would then be able to use the Fed to fund his us, sovereign wealth fund. You will remember, back in February, President Trump signed an executive order creating a US sovereign wealth fund. And this was music to my ears, because for years, as you well know, I've been advocating for the US government to finance a multi trillion dollar 10 year investment in the industries and technologies of the future   Keith Weinhold  39:01   including on this show, you laid that out for us a few years ago and made your case for that here, and then Trump made it happen.   Richard Duncan  39:08   Let's try my book from 2022 it was called the money revolution. How to finance the next American century? Well, how to finance the next American Century is to have the US, government finance, a very large investment in new industries and new technologies in things like artificial intelligence, quantum computing, nanotechnology, genetic engineering, biotech, robotics, clean energy and fusion, create fusion and everything, world where energy is free, ultimate abundance. So I was very happy that President Trump created this US sovereign wealth fund. Now that he will soon have complete control over his US monetary policy, he will understand that he can use the Fed to fund this, US sovereign wealth fund. He can have the Fed create money through quantitative easing and. And start investing in fusion. We can speed up the creation of the invention of low cost fusion. We could do that in a relatively small number of years, instead of perhaps a decade or longer, as things are going now, we could ensure that the United States wins the AI arms race that we are in with China. Whoever develops super intelligence first is probably going to conquer the world. We know what the world looks like when the United States is the sole superpower. We've been living in that world for 80 years. Yeah, we don't know what the world would look like if it's conquered by China. And China is the control super intelligence and becomes magnitudes greater in terms of their capacity across everything imaginable than the United States is whoever wins the AI arms race will rule the world. This sort of investment through a US sovereign wealth fund would ensure that the winner is the US and on atop it, so it would shore up US national security and large scale investments in these new technologies would also turbocharge US economic growth and hopefully allow us to avoid the bust that is likely to ultimately occur following The approaching boom, and keep the economy growing long into the future, rather than just having a short term boom and bust, a large scale investment in the industries of the future could create a technological revolution that would generate very rapid growth in productivity, very rapid economic growth, shore up US national security, and result in technological miracles and medical breakthroughs, possibly curing all the diseases, cure cancer, cure Alzheimer's, extend life expectancy by decades, healthy life expectancy. So that is a very optimistic outcome that could result from President Trump becoming Fed Chairman Trump and gaining complete control over monetary policy. And this is all part of the plan of making America great again. If he really followed through on this, then he certainly would be able to restructure the US economy, re industrialize it, create a technological revolution that ensured us supremacy for the next century. That's how to finance the next American century.   Speaker 1  42:23   Oh, well, Richard, I like what you're leaving us with here. You're giving us some light, and you're talking about real productivity gains that really drives an economy and progress and an increased standard of living over the long term. But yes, in the nearer term, this fed takeover, there could be some pain and a whole lot of questions in getting there. Richard, your macro watch piece that caught my attention is so interesting to a lot of people. How can more people learn about that and connect with you and the great work you do on macro watch, which is your video newsletter   Richard Duncan  43:00   Thanks, Keith. So it's really been completely obvious that President Trump was very likely to try to take over the Fed. Nine months ago, I made a macro watch video in December called Will Trump in the Fed, spelling out various ways he could take over the Fed, and why he probably would find it necessary to do so. So what macro watch is is it describes how the economy really works in the 21st Century. It doesn't work the way it did when gold was money. We're in a completely different environment now, where the government is directing the economy and the Fed, or seeing the President has the power to create limitless amounts of money, and this changes the way everything works, and so that's what macro watch explains. It's a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to impact asset prices, stocks, bonds, commodities, currencies and wealth in general. So if your listeners are interested, I'd encourage them to visit my website, which is Richard Duncan economics.com that's Richard Duncan economics.com and if they'd like to subscribe, hit the subscribe button. And for I'd like to offer them a 50% subscription discount. If they use the discount coupon code, G, R, E, thank you, GRE, they can subscribe at half price. I think they'll find that very affordable. And they will get a new video every couple of weeks from me, and they will have immediate access to the macro watch archives, which have more than 100 hours of videos. Macro watch was founded by me 12 years ago, and I intend to keep doing this, hopefully far into the future. So I hope your listeners will check that out.   Keith Weinhold  44:46   Well, thanks, both here on the show and on macro watch Richard gives you the type of insight that's hard to find anywhere else, and you learn it through him oftentimes before it makes the headlines down the road. So. Richard, this whole concept of a Fed takeover is just unprecedented, as far as I know, and it's been so interesting to talk about it. Thanks for coming back onto the show.   Richard Duncan  45:08   Thank you, Keith. I look forward to the next time.   Speaker 1  45:17   Yeah, fascinating stuff from Richard in the nearer term, we could then see interest rate cuts that would go along with cuts to mortgages and credit card rates and car loan rates and all kinds of bank lending rates. This could pump up the value of real estate, stocks, Bitcoin, gold, nearly everything a wealth bonanza. Now, in polls, most Americans think that the Fed should stay independent from outside control. You really heard about how the President is dismantling the safeguards that protect that fed independence, the strategy he's using to bend the Federal Open Market Committee to His will. And this is not speculation, because, as you can tell, the takeover of the Fed is already underway. A fed governor has been fired. New loyalists are being installed, and key votes are lining up in the President's favor. But as far as the longer term, you've got to ask yourself, if these policies will inflate a giant bubble destined to burst down the road. I mean triggering a crisis as bad as 2008 I mean, these are the very questions that every investor should be asking right now, if you find this in similar content fascinating, and you want to stay on top of what is forward looking what's coming next macroeconomically, check out Richard Duncan's macro watch at Richard Duncan economics.com for our listeners, he's long offered the discount code for a 50% discount that code is GRE, that's Richard Duncan economics.com and the discount code GRE next week here on the show, we're bringing it back closer to home with key us, real estate investing strategies and insights, a lot of ways to increase your income. Until then, I'm your host. Keith Weinhold, don't quit you Daydream.   Speaker 3  47:20   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.   Speaker 1  47:40   You 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 266, 866, while it's on your mind, take a moment to do it right now. Text gre to 66866,   Keith Weinhold  48:59   The preceding program was brought to you by your home for wealth, building, get richeducation.com you.  

In the past three months, more than 300,000 Black women have left the labor force. Economist and author Anna Gifty Opoku-Agyeman calls this the double tax—the compounded burden of being both a woman and a person of color in an economy designed to take more and give less. From higher prices for haircare and beauty products, to childcare that consumes a larger share of income, to systemic barriers in jobs, salaries, housing, and wealth—these hidden costs fall on women of color across the board. But for Black women, they are especially stark, leaving them with fewer opportunities, lower pay, higher living costs, and far less generational wealth than their white counterparts. Her groundbreaking book, The Double Tax: How Women of Color Are Overcharged and Underpaid, shows how these inequities aren't incidental—they're structural. And unless they're confronted, everyone pays the price. (00:01) The Double Tax on Black Women Black women's "double tax" in labor force discussed with author Anna Gifty Opoku-Agyeman, emphasizing solutions and self-advocacy. (07:06) Cost of Hair Emotional and Financial Perceived progress in racial equality, false sense of progress, hair burdens for Black women, generational trauma and societal expectations. (13:58) Navigating Beauty Standards as Black Women Growing up in predominantly Black and white educational environments, facing anti-Blackness and challenges in PWIs, finding representation and redefining beauty standards. (22:01) The Double Tax on Beauty Standards Representation and accessibility in the beauty industry for Black and Asian American women, highlighting the "double tax" and need for inclusive representation. (34:03) The Double Tax in the Workplace Legislation is needed to combat hair discrimination in the workplace, along with addressing white beauty standards and the "double tax" faced by Black professionals. (41:41) Power Dynamics and Motherhood Impact Proximity to power is unequal among races and genders, with white men dominating top professions and Black women facing the most barriers. (47:11) The Burden of Motherhood Motherhood's financial burden, childcare costs, Black women as breadwinners, and the impact of technology on education and employment. (01:01:19) The Cost of Womanhood Empowering women at all stages, advocating for oneself, and the cost of womanhood are discussed in a heartfelt chapter. #DoubleTax Learn more about your ad choices. Visit megaphone.fm/adchoices

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Partner on this video: KYIV OF MINE Watch the trailer now: https://www.youtube.com/watch?v=arJUcE1rxY0'Kyiv of Mine' is a documentary series about Ukraine's beautiful capital, Kyiv. The film production began in 2018, and much has changed since then. It is now 2025, and this story is far from over.https://www.youtube.com/@UCz6UbVKfqutH-N7WXnC5Ykg https://www.kyivofmine.com/#theprojectKyiv of Mine is fast paced, beautifully filmed, humorous, fun, insightful, heartbreaking, moving, hopeful. The very antithesis in fact of a doom-laden and worthy wartime documentary. This is a work that is extraordinarily uplifting. My friend Operator Starsky says the film is “Made with so much love. The film series will make you laugh and cry.” ----------Colin Freeman is a former chief foreign correspondent of The Sunday Telegraph, and is now a freelance foreign affairs journalist. He writes features, comment and book reviews for The Daily Telegraph, as well as for The Spectator, The Economist, and The National in Abu Dhabi. He contributes regularly to From Our Own Correspondent on BBC Radio Four and does media punditry on foreign affairs. He is also the author of three previous books: Between the Devil and the Deep Blue Sea: The mission to rescue the hostages the world forgot (2021). Kidnapped: Life as a Somali pirate hostage (2011) about the author's own experience of being abducted in Somalia in 2008. And The Curse of the Al-Dulaimi Hotel and other half-truths from Baghdad (2008) is a book of reportage about post-Saddam Iraq.----------BOOKS: Between the Devil and the Deep Blue Sea: The mission to rescue the hostages the world forgot (2021)The Mad and the Brave: The Untold Story of Ukraine's Foreign Legion (2025)Kidnapped (2011)----------LINKS:https://colinfreemansite.wordpress.com/about/https://x.com/colinfreeman99?lang=enhttps://www.telegraph.co.uk/authors/c/ck-co/colin-freeman/https://www.spectator.co.uk/writer/colin-freeman/https://www.linkedin.com/in/colin-freeman-3a366217/https://www.amazon.co.uk/stores/author/B001KIFODOhttps://muckrack.com/colin-freeman----------DESCRIPTION: Unveiling 'The Mad and the Brave': Colin Freeman Talks Ukraine's Foreign LegionIn this episode, we sit down with Colin Freeman, former chief foreign correspondent for the Sunday Telegraph and a seasoned freelance journalist. Freeman discusses his latest book, 'The Mad and the Brave: The Untold Story of Ukraine's Foreign Legion,' which delves into the lives of foreign volunteers who have joined the fight in Ukraine. He shares insights from numerous interviews with volunteers, explores their motivations, and compares the conflict to historical precedents like the Spanish Civil War. The conversation also touches on the organizational challenges faced by the International Legion and the psychological toll on combatants. Additionally, the episode features recommendations and commentary on the documentary series 'Kyiv of Mine,' which aims to change perspectives on Ukraine beyond the war narrative. Watch as Freeman provides a detailed, humanizing look into one of the 21st century's most significant conflicts.----------

This week, the French government lost a confidence vote in the National Assembly, forcing the prime minister François Bayrou and his cabinet to resign. Sophie Pedder, Paris bureau chief at The Economist, breaks down the latest and what's on the table for President Emmanuel Macron to remedy what's being called a "collapse" of his government.

Mike Armstrong and Paul Lane discuss firm inflation and soft jobs data pull the Fed in opposing directions. Economists see Fed rate cut next week and at least one more in 2025. Mortgage rates are at an 11-month low. Will that save this housing market? Labor hoarding looks close to painful end.

Today's $3 trillion investment in AI is not only rational and beyond inevitable - it's “predestined”. At least according to That Was The Week newletter publisher and techno-determinist Keith Teare. Exuberance is not only required, Keith argues, but absolutely essential in today's AI mad gold rush. And he's particularly critical of all skeptics - from traditional tech naysayers (like myself) to mainstream publications like The Economist - which are all a touch questioning of today's unprecedented boom. What if the $3 trillion AI investment tsunami goes wrong? The Economist asks. But for Keith, it can't possibly go wrong. The investment has already been made, he argues, and the resultant technology will inevitably benefit humanity. He envisions a world where AI adds $20 trillion to global GDP by 2035, where a kid in rural Africa with an Android phone can access the world's best AI, and where economic growth hits an unprecedented 20% annually. I think this type of teleological argument adds up to about $3 trillion worth of madness. But what do I know?1. The Scale Defense: $3 Trillion is Actually Small Teare argues the massive AI investment looks rational when measured against projected returns - $20 trillion added to global GDP by 2035, potentially creating $400 trillion in company value (at 20x multiples). His math: even if the investment seems huge, the predicted gains are exponentially bigger.2. AI's Business Model Advantage Over Previous Tech Booms Unlike the internet (which relied on advertising and attention-grabbing) or early TV (which devolved into reality shows), AI operates on subscriptions and API usage. Teare believes this model doesn't require undermining human outcomes to generate profit - making it fundamentally different from past transformative technologies.3. Individual Failures Don't Equal Systemic Collapse While specific companies (like Perplexity at $20B valuation) might fail, Teare argues the overall AI ecosystem is "failure-proof" because trained models retain their value even if companies go bankrupt. He compares it to the Channel Tunnel - the infrastructure survived financial collapse and eventually thrived.4. The "Western Suicide Wish" Cultural Diagnosis Echoing Elon Musk and Alex Karp, Teare sees Western civilization as increasingly "ashamed" of Enlightenment values - viewing humans as problems rather than solutions. He argues AI represents a return to human agency and innovation as answers to global challenges.5. Content Creators Face a Reckoning The decline of web traffic (8% this year) signals the end of advertising-based content monetization. Creators must either embrace quality/subscription models or find ways to integrate with AI systems through attribution and linking - but the traffic-based economy is dying.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

This NDSU Ag Minute features Frayne Olson, NDSU Crops Economist. Olson offers some marketing advice for producers wondering what to do with this year's soybean crop. See omnystudio.com/listener for privacy information.

The Rod and Greg Show Rundown – Thursday, September 11, 20254:20 pm: Peter Laffin, Deputy Commentary Editor at the Washington Examiner, joins the show for a conversation about his piece in which he writes that mass shootings are a cultural sickness with no legislative cure.4:38 pm: Steve Moore, Economist and Co-Founder of Unleash Prosperity, joins the show to offer his thoughts on yesterday's tragic events at Utah Valley University where conservative activist Charlie Kirk was assassinated.6:05 pm: Chris Piehota, retired FBI Executive Assistant Director, joins Rod and Greg to discuss how the bureau is likely going about trying to identify the person responsible for shooting Charlie Kirk at Utah Valley University yesterday.6:38 pm: Sean Stevens, Chief Research Advisor at the Foundation for Individual Rights and Expression, joins the program to discuss the results of a study that shows growing university student support for violence and banning “controversial” speech.

We are tracking seven central bank meetings next week, and expect rate cuts from three. The Fed policy meeting next week is in full focus, against a highly unusual backdrop. This week we discuss an expected rate cut in the US and Canada. Across Europe, we forecast a rate cut in Norway, but not in the UK. Meanwhile in in Asia, we examine China activity data, the Bank of Japan and the latest political developments, and preview central bank meetings in Indonesia and Taiwan next week. Darren Shames, Head of Global Rates Sales, joins us as a guest speaker to give an update on the latest trends driving Global Markets. Chapters: US: 01:42, Markets Special: 07:14, Europe: 13:13, Japan: 17:23, Asia: 21:32. 

For more information on 21shares and to sign up for their newsletter, visit https://bit.ly/3JTI4GQSubscribe @21Shares on YouTube: https://www.youtube.com/@21sharesFollow @21Shares on Instagram: https://www.instagram.com/21shares_/Follow @21Shares on Linkedin: https://www.linkedin.com/company/21shares-us/Follow @21Shares on X: https://x.com/21Shares_USIt wasn't actually the record downgrade to payrolls that stood out the most. Far more important, the QCEW confirms there is a very good chance a recession began LAST YEAR. Not just the forgot how to grow kind, a full-blown one even mainstream Economists and the NBER will be recognizing. The evidence continues to show we all went from forgot how to hire to remember how to fire. The Fed's fifty next week is all but set.Eurodollar University's Money & Macro AnalysisCNBC JPMorgan CEO Jamie Dimon says the economy ‘is weakening'https://www.cnbc.com/2025/09/09/jpmorgan-jamie-dimon-economy.htmlBloomberg US Payrolls Marked Down a Record 911,000 in Preliminary Estimatehttps://www.bloomberg.com/news/articles/2025-09-09/us-payrolls-estimated-to-be-911-000-lower-in-year-through-marchStanley Fischer The Great Recession: Moving Aheadhttps://www.federalreserve.gov/newsevents/speech/fischer20140811a.htmChristopher Waller Let's Get On with Ithttps://www.federalreserve.gov/newsevents/speech/files/waller20250828a.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUDisclaimerThis video is sponsored by 21Shares. The information provided in this video is for educational and informational purposes only and should not be considered financial or investment advice. Investing involves risk, including the possible loss of principal. Products mentioned may not be available in all jurisdictions, and their suitability will depend on your individual circumstances. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

You can't believe a word Wikipedia says about people. Their website is slanted towards left-wing ideology. Steve and Mark both agree that we learned a great deal about being aware of our surroundings after the 9/11 attacks. See omnystudio.com/listener for privacy information.

You can't believe a word Wikipedia says about people. Their website is slanted towards left-wing ideology. Steve and Mark both agree that we learned a great deal about being aware of our surroundings after the 9/11 attacks. 

My guests this week, economic professors John Campbell and Tarun Ramadorai, argue that the financial system itself is a powerful contributor to wealth inequality, and that there are ways to improve it. Their new book, Fixed: Why Personal Finance Is Broken and How to Make It Work for Everyone (out October 21), addresses how the bulk of our financial issues are downstream of poor structural design, not personal shortcomings—and what we can do about it. (00:00): Intro (04:00):

Anna Wong, Chief U.S. Economist at Bloomberg, joins Alan Dunne with a clear-eyed assessment of where policy and politics are headed. As markets bet on cuts and the Fed talks balance, she sees a different risk: a slow-burning inflation that's quietly taking hold. Anna breaks down why tariffs haven't hit as expected, how AI is already reshaping the labor force, and what's really driving service-sector price pressures. Beyond the data, the conversation turns to Fed culture, the limits of independence, and what a Trump-aligned central bank might mean in practice. Less about what's forecast - more about what's misunderstood.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Anna on Twitter.Episode TimeStamps: 02:18 - Introduction to Anna Wong03:57 - The current state of Fed06:35 - A potential flare up in inflation16:19 - Wong's read on the labour market22:50 - Fed's inflation argument makes no sense28:59 - The outlook of the housing market31:15 - Is AI destroying the labour market?34:20 - The future direction of the Fed and the potential candidates40:10 - The Fed is losing its balance48:43 - How increasing Trump representatives could impact the Fed51:58 - How monetary policy will unfold going forward54:43 - How we achieve a healthy level...

Economists are united in pointing out that tariffs on foreign goods are really nothing more than a tax on American consumers, but what fewer people understand is that Trump's policy on trade is not really about revenue or even about economic protectionism. Matt Kibbe is joined by Phil Magness, senior fellow at the Independent Institute, to explain how the tariffs represent a unilateral expansion of executive power that is now being challenged by the courts. It's important to remember that Trump will not be president forever, and sooner or later, a Democrat is going to occupy the White House again. At that point, Democrats will be more than happy to use these expanded executive powers in ways that will horrify Trump's base.

Get 50% off Claude Pro, including access to Claude Code, at http://claude.ai/theoriesofeverything As a listener of TOE you can get a special 20% off discount to The Economist and all it has to offer! Visit https://www.economist.com/toe In this episode, I speak with Stephen Wolfram—creator of Mathematica and Wolfram Language—about a “new kind of science” that treats the universe as computation. We explore computational irreducibility, discrete space, multi-way systems, and how the observer shapes the laws we perceive—from the second law of thermodynamics to quantum mechanics. Wolfram reframes Feynman diagrams as causal structures, connects evolution and modern AI through coarse fitness and assembled “lumps” of computation, and sketches a nascent theory of biology as bulk orchestration. We also discuss what makes science good: new tools, ruthless visualization, respect for history, and a field he calls “ruliology”—the study of simple rules, where anyone can still make real contributions. This is basically a documentary akin to The Life and Times of Stephen Wolfram. I hope you enjoy it. Join My New Substack (Personal Writings): https://curtjaimungal.substack.com Listen on Spotify: https://open.spotify.com/show/4gL14b92xAErofYQA7bU4e SUPPORT: - Become a YouTube Member (Early Access Videos): https://www.youtube.com/channel/UCdWIQh9DGG6uhJk8eyIFl1w/join - Support me on Patreon: https://patreon.com/curtjaimungal - Support me on Crypto: https://commerce.coinbase.com/checkout/de803625-87d3-4300-ab6d-85d4258834a9 - Support me on PayPal: https://www.paypal.com/donate?hosted_button_id=XUBHNMFXUX5S4 SOCIALS: - Twitter: https://twitter.com/TOEwithCurt - Discord Invite: https://discord.com/invite/kBcnfNVwqs Guests do not pay to appear. Theories of Everything receives revenue solely from viewer donations, platform ads, and clearly labelled sponsors; no guest or associated entity has ever given compensation, directly or through intermediaries. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this conversation from 2024, Matt speaks with Tyler Cowen about his recent book "GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?", as they discuss the case for and against each of the top finalists, and the interactive AI features that Tyler has integrated into the book's online release. Episode Notes: The full book plus all interactive AI features can be found for free here: https://goatgreatesteconomistofalltime.ai/en   

In today’s deep dive, beef is as expensive as it’s ever been, thanks to the high cost of cattle. Retailers of all sizes have upped their prices on steak and hamburger.

10,000 jobs have disappeared in just three months, according to Stats NZ. There are now 50,000 fewer jobs than in December 2023. Auckland lost nearly 5000 jobs, Wellington over 1300, Hawke's Bay over 800, and in Waikato close to 700. Provincial areas have also been hit despite the farming sector being a bright spot in the economy. Economist and Infometrics chief executive Brad Olsen spoke to Lisa Owen.

Plus AI Dismantles Your Whole Org Chart Like this? Get AIDAILY, delivered to your inbox 3x a week. Subscribe to our newsletter at https://aidailyus.substack.comAI's Polished Prose Could Erase Your VoiceA student-writer warns that using AI for writing feels like bypassing the messy, imperfect process that shapes our unique style. Just as Stephen King felt disconnected from Cujo under the influence, over-reliance on AI's polished drafts risks eroding the quirks that define an author's voice. AI's “New Normal” Might Not Be Utopia—or DoomMost narratives on AI swing between hype and horror. The Economist's new podcast episode highlights research suggesting AI's impact may be far more subtle—a quiet shift, not a dramatic rupture, reshaping daily life in ways we could easily overlook. AI Is Scrapping the Whole Corporate LadderAI isn't just stealing roles—it's dismantling the entire corporate structure. Junior teams are shrinking or disappearing, entry-level gigs are vanishing, and career ladders are obsolete. To ride the wave, you gotta become the AI maestro: focus on human smarts and collaboration instead of climbing old-school rungs. Why AI Feels Human—Even If It's Just a Word CalculatorGenerative AI may act like a “calculator for words,” predicting the most likely next phrase based on hidden language stats. But unlike real calculators, it hallucinates, biases, and raises ethical red flags. The danger lies in treating word-churning power as harmless when it's so much more. “Is My Job Safe From AI?”NPR's Planet Money tackles the big question everyone's whispering: which jobs AI won't steal? Hosts chat with researchers who are mapping a first-cut list—and the AI-powered future might be even weirder than we thought. Process Debt Is Killing AI DeploymentsForget tech debt—filthy, inconsistent workflows and messy data (aka process debt) are sabotaging AI. An autonomous system struggles when your org's internal ops are patchy. Clean up the foundation, and AI stops grinding to a halt.Writers Learn to Lean on and Push Back Against AIRice University just dropped a new creative writing class, “AI Fictions,” where students experiment with AI-generated prompts and also learn to resist leaning on them. It's all about understanding how tech shapes storytelling—and keeping your writer's voice from being drowned out by the algorithm. 

More than 10 years in, journalists still have not figured out how to cover Trump. He understands the media environment better than a lot of reporters, and knows his outrageous acts and statements command attention—and that people will not be able to finish processing one outrage before the next one comes down the pike. But now he's laying down the terms of how he expects to be covered, and media orgs are complying by hiring or giving airtime to MAGA avatars. In the process, journalists are failing to hold the powerful to account. Plus, Dems actually went on offense and got their hands on the Epstein birthday book, and Israel is aggressively embracing the age of impunity. The Economist's James Bennet joins Tim Miller. show notes James, in The Economist, on his departure from the NYT over the Tom Cotton op-ed (gifted) James on the rules for defending democracy under Trump (gifted) Bulwark Live in DC and NYC at TheBulwark.com/events. Toronto is SOLD OUT

Althia Raj and Rob Russo work the halls and corridors of Parliament Hill every day that the House of Commons is in session. Althia is a senior columnist with the Toronto Star, Rob is the Canadian correspondent for The Economist. They'll alternate Tuesdays with the Moore-Butts Conversations.

On this episode of Infill, YIMBY Action Managing Director Gillian Pressman speaks with Redfin Chief Economist Daryl Fairweather. Daryl recently released her book, Hate the Game: Economic Cheat Codes for Life, Love, and Work, and she is a keynote speaker at the upcoming 2025 YIMBYTown conference in New Haven. Tune in to hear Gillian and Daryl dive into her YIMBY origin story and why she is starting a YIMBY Action chapter in Wisconsin. You'll also hear about why Daryl supports grassroots organizing as such a powerful tool for reform, and why we need YIMBYs to build power across coalitions to change the politics that are causing our housing shortage. Daryl also discusses how the lenses of identity inform how people show up for (or against) housing. Get Daryl's Book: https://www.amazon.com/Hate-Game-Economic-Cheat-Codes/dp/0226839524 Learn more about YIMBY Action: yimbyaction.org/join Follow YIMBY Action on Instagram: https://www.instagram.com/yimbyaction/ Follow YIMBY Action on BlueSky: https://bsky.app/profile/yimbyaction.bsky.social Follow YIMBY Action on Facebook: https://www.facebook.com/yimbyaction/

Reform UK's conference was as weird and worrying as you might have expected. If you haven't seen the “highlights” then we'll spare you watching. Matthew Holehouse, The Economist's British politics correspondent, was there and joins Gavin Esler to discuss what went on.  We are sponsored by Indeed. Go to Indeed.com/bunker for £100 sponsored credit.  www.patreon.com/bunkercast    Advertisers! Want to reach smart, engaged, influential people with money to spend? (Yes, they do exist). Some 3.5 MILLION people download and watch our podcasts every month – and they love our shows. Why not get YOUR brand in front of our influential listeners with podcast advertising? Contact ads@podmasters.co.uk to find out more Written and presented by Gavin Esler. Audio production: Tom Taylor. Managing Editor: Jacob Jarvis. Group Editor: Andrew Harrison. Music by Kenny Dickinson. THE BUNKER is a Podmasters Production.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Theories of Everything with Curt Jaimungal ✓ Claim : Read the notes at at podcastnotes.org. Don't forget to subscribe for free to our newsletter, the top 10 ideas of the week, every Monday --------- As a listener of TOE you can get a special 20% off discount to The Economist and all it has to offer! Visit https://www.economist.com/toe MIT physicist Max Tegmark argues AI now belongs inside physics—and that consciousness will be next. He separates intelligence (goal-achieving behavior) from consciousness (subjective experience), sketches falsifiable experiments using brain-reading tech and rigorous theories (e.g., IIT/φ), and shows how ideas like Hopfield energy landscapes make memory “feel” like physics. We get into mechanistic interpretability (sparse autoencoders), number representations that snap into clean geometry, why RLHF mostly aligns behavior (not goals), and the stakes as AI progress accelerates from “underhyped” to civilization-shaping. It's a masterclass on where mind, math, and machines collide. Join My New Substack (Personal Writings): https://curtjaimungal.substack.com Listen on Spotify: https://open.spotify.com/show/4gL14b92xAErofYQA7bU4e Timestamps: - 00:00 - Why AI is the New Frontier of Physics - 09:38 - Is Consciousness Just a Byproduct of Intelligence? - 16:43 - A Falsifiable Theory of Consciousness? (The MEG Helmet Experiment) - 27:34 - Beyond Neural Correlates: A New Paradigm for Scientific Inquiry - 38:40 - Humanity: The Masters of Underestimation (Fermi's AI Analogy) - 51:27 - What Are an AI's True Goals? (The Serial Killer Problem) - 1:03:42 - Fermat's Principle, Entropy, and the Physics of Goals - 1:15:52 - Eureka Moment: When an AI Discovered Geometry on Its Own - 1:30:01 - Refuting the "AI Doomers": We Have More Agency Than We Think Links mentioned: - Max's Papers: https://scholar.google.com/citations?user=eBXEZxgAAAAJ&hl=en - Language Models Use Trigonometry to Do Addition [Paper]: https://arxiv.org/abs/2502.00873 - Generalization from Starvation [Paper]: https://arxiv.org/abs/2410.08255 - Geoffrey Hinton [TOE]: https://youtu.be/b_DUft-BdIE - Michael Levin [TOE]: https://youtu.be/c8iFtaltX-s - Iceberg of Consciousness [TOE]: https://youtu.be/65yjqIDghEk - Improved Measures of Integrated Information [Paper]: https://arxiv.org/abs/1601.02626 - David Kaiser [TOE]: https://youtu.be/_yebLXsIdwo - Iain McGilchrist [TOE]: https://youtu.be/Q9sBKCd2HD0 - Elan Barenholtz & William Hahn [TOE]: https://youtu.be/A36OumnSrWY - Daniel Schmachtenberger [TOE]: https://youtu.be/g7WtcTATa2U - Ted Jacobson [TOE]: https://youtu.be/3mhctWlXyV8 - The “All Possible Paths” Myth [TOE]: https://youtu.be/XcY3ZtgYis0 SUPPORT: - Become a YouTube Member (Early Access Videos): https://www.youtube.com/channel/UCdWIQh9DGG6uhJk8eyIFl1w/join - Support me on Patreon: https://patreon.com/curtjaimungal - Support me on Crypto: https://commerce.coinbase.com/checkout/de803625-87d3-4300-ab6d-85d4258834a9 - Support me on PayPal: https://www.paypal.com/donate?hosted_button_id=XUBHNMFXUX5S4 SOCIALS: - Twitter: https://twitter.com/TOEwithCurt - Discord Invite: https://discord.com/invite/kBcnfNVwqs Guests do not pay to appear. Theories of Everything receives revenue solely from viewer donations, platform ads, and clearly labelled sponsors; no guest or associated entity has ever given compensation, directly or through intermediaries. #science Learn more about your ad choices. Visit megaphone.fm/adchoices

Economists are starting to talk about the demise of American exceptionalism. The Detail looks at what that term means, and what effect it has on your KiwiSaver.The United States has long been held up as the peak of the free-market economy, but several factors including political interference in institutions are giving it the speed wobblesGuest: Mark Brighouse - Chief Investment Strategist, Fisher FundsLearn More:Read Mark's piece on US Exceptionalism here See the US Federal national debt clock hereSee Emeritus Professor of Accounting Practice at Sheffield University Management School, Richard Murphy, on the failure of American Exceptionalism here. He is director of Tax Research LLP and the author of the Funding the Future blog.Read renowned economist Sir Niall Ferguson's controversial piece, We're All Soviets Now hereSee PBS's Crosscut Talks interviews former US Secretary of State Robert Gates on 'Is This The End of American Exceptionalism?' hereRead about problems with airport infrastructure here (paywalled)Find The Detail on Newsroom or RNZ Go to this episode on rnz.co.nz for more details

Gregg Carlstrom, Middle East correspondent with The Economist, discusses the shooting attack in Jerusalem which has left at least six people dead and seven seriously wounded.

This is the latest in a series of sessions from The Publisher Summits, which were held in June. The Summits covered four product areas across 2 days in London, from newsletters and print to apps and podcasts, featuring speakers from The Economist and the FT to Reach, National World, Grazia and more. Thanks to the sponsors of the Publisher Newsletter Summit - Passendo and Syno. Find out more about them and how they help publishers take their newsletters to the next level at publishersummits.com. This episode features a fantastic panel from the Publisher Newsletter Summit where Reach plc's Audience and Content Director Jenna Thompson discussed why they looked to Substack for new newsletter launches, and what they've learned over the past two years of free and paid experiments. Get the learnings from this episode written up in article form straight into your inbox by signing up to The Publisher Newsletter at voices.media.   

This week we're bringing you an episode of our podcast WSJ's Take On the Week, where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy and finance. In this week's episode, Telis is joined by Dana M. Peterson, chief economist and leader of the Economy, Strategy & Finance Center at the Conference Board. They begin with the research group's August consumer confidence index and whether its results mean we're in "vibecession.” Then Peterson defends the importance of survey-based data and why revisions are necessary. And Telis asks: Could private data replace government data? Check out WSJ's Take On the Week. Further Reading:  Consumer-Confidence Survey Slips in August Government Data Is Under Fire, but It Makes the World Go ‘Round Consumer-Confidence Survey Improved in July Trump Advisers Consider Changes to How Government Collects Jobs Data Trump's BLS Firing Tests Wall Street's Reliance on Government Data Learn more about your ad choices. Visit megaphone.fm/adchoices

In recent weeks, Indonesia has been rocked by massive anti-government demonstrations. The protests are led by students, workers and women’s rights groups angered by the yawning gap between Indonesia’s elites and shrinking middle class, and turned violent after a delivery driver was killed amid a police crackdown. John Yang speaks with The Economist’s Aaron Connelly about the ongoing situation. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

In this week's episode of WSJ's Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the bond market, the post-Labor Day volatility it experienced due to concerns over the Federal Reserve's independence, investors piling into gold, and the U.S.'s potential loss of its tariff income stream after a decision by a Court of Appeals. Later in the show, Telis is joined by Dana M. Peterson, chief economist and leader of the Economy, Strategy & Finance Center at the Conference Board. They begin with the research group's August consumer confidence index and whether its results mean we're in "vibecession.” Then Peterson defends the importance of survey-based data and why revisions are necessary. And Telis asks: Could private data replace government data? This is WSJ's Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Consumer-Confidence Survey Slips in August Government Data Is Under Fire, but It Makes the World Go ‘Round Consumer-Confidence Survey Improved in July Trump Advisers Consider Changes to How Government Collects Jobs Data Trump's BLS Firing Tests Wall Street's Reliance on Government Data For more coverage of the markets and your investments, head to WSJ.com, WSJ's Heard on The Street Column, and WSJ's Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter.  Follow Gunjan Banerji here and Telis Demos here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Host Piya Chattopadhyay speaks with The Economist's Rob Russo and The Globe and Mail's Shannon Proudfoot about Prime Minister Mark Carney's priorities heading into fall, mathematician and educator Eugenia Cheng explains how math can help us better understand the world, legendary activist and conservationist Jane Goodall shares how to stay hopeful amid climate and political instability, and Canadian hip hop icon Shad and Toronto listener Clare Hodge kick off an all-new season of our monthly challenge That's Puzzling!Discover more at https://www.cbc.ca/sunday

In recent weeks, Indonesia has been rocked by massive anti-government demonstrations. The protests are led by students, workers and women’s rights groups angered by the yawning gap between Indonesia’s elites and shrinking middle class, and turned violent after a delivery driver was killed amid a police crackdown. John Yang speaks with The Economist’s Aaron Connelly about the ongoing situation. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Less than a year after The Economist labeled the U.S. economy the 'envy of the world,' concerns are arising from disappointing jobs reports, slowing GDP growth, and rising prices. In this EconoFact Chats episode, Mark Zandi notes that tariffs and a restrictive immigration policy are contributing to the likelihood of recession and inflation, although he discounts the possibility of a return to the severe stagflation of the 1970s. He also highlights the risks posed by a ballooning national debt. On a positive note, Mark notes the contributions of the AI boom to the economy. Mark is the Chief Economist of Moody's Analytics. He serves on the board of directors of MGIC, the nation's largest private mortgage insurance company, and is the lead director of Reinvestment Fund, one of the nation's largest community development financial institutions.

Flags are flying across Britain—but behind the bunting lurks a far-right campaign. Chris and Matt kick off Season 10 with a look at "Operation Raise the Colours," the extremist-led push to turn patriotism into intimidation. From there, they move to Ukraine, where the US has signaled willingness to offer critical support to a potential European-led peacekeeping force, even as Trump hedges on a deal with Moscow. Next, Tulsi Gabbard ignites turmoil at the top of the intelligence community, revoking dozens of clearances—including an undercover CIA officer's—raising fears of politicization and damage to US alliances. Finally, the guys head to New Zealand, where a soldier's espionage case exposes ties to far-right groups and highlights how extremists exploit culture wars from both sides. Subscribe and share to stay ahead in the world of intelligence, geopolitics, and current affairs. Join Chris on a one-day podcast course Podcast Workshop Monday 22nd September 10am - 5pm @ The Guildford Institute: https://www.eventbrite.co.uk/e/1477046087609 Articles discussed in today's episode "'Operation Raise the Colours' Organised by Well-Known Far-Right Extremists" by Joe Mulhall | Hope Not Hate: https://hopenothate.org.uk/2025/08/22/operation-raise-the-colours-organised-by-well-known-far-right-extremists/ "US offers air and intelligence support to postwar force in Ukraine" by Henry Foy, Christopher Miller & Steff Chávez | The Financial Times: https://www.ft.com/content/66ec25a0-4af8-467f-9fbe-cf42de890a7e "Ukraine has unbreakable pledge from West with Trump's backing - Starmer" by Paul Kirby | BBC News: https://www.bbc.com/news/articles/czxwl15w2qko "'Operation Raise the Colours' Organised by Well-Known Far-Right Extremists" by Joe Mulhall | Hope Not Hate: https://hopenothate.org.uk/2025/08/22/operation-raise-the-colours-organised-by-well-known-far-right-extremists/ "Soldier admits spying against NZ by trying to give military base maps to foreign country" by Jeremy Wilkinson | The New Zealand Herald: https://www.nzherald.co.nz/nz/soldier-admits-spying-against-nz-by-trying-to-give-military-base-maps-to-foreign-country/EJHSLUWH2JH65ERPPAZASVNBDY/ What else we're reading this week "DOGE Targeted Him on Social Media. Then the Taliban Took His Family." by Avi Asher-Schapiro and Christopher Bing | ProPublica: https://www.propublica.org/article/doge-musk-mohammad-halimi-institute-peace-taliban "Tehran's Homeland Option: Terror Pathways for Iran to Strike in the United States" by Matthew Levitt | Combating Terrorism Center at West Point: https://ctc.westpoint.edu/tehrans-homeland-option-terror-pathways-for-iran-to-strike-in-the-united-states/ "Estonian citizens warned of spy games if they travel to Russia" by Eloise Hardy | The Parliament: https://www.theparliamentmagazine.eu/news/article/estonian-citizens-warned-of-spy-games-if-they-travel-to-russia "The choices facing Britain's next MI6 chief" The Economist: https://www.economist.com/britain/2025/08/23/the-choices-facing-britains-next-mi6-chief Support Secrets and Spies Become a “Friend of the Podcast” on Patreon for £3/$4: https://www.patreon.com/SecretsAndSpies Buy merchandise from our Redbubble shop: https://www.redbubble.com/shop/ap/60934996 Subscribe to our YouTube page: https://www.youtube.com/channel/UCDVB23lrHr3KFeXq4VU36dg For more information about the podcast, check out our website: https://secretsandspiespodcast.com Connect with us on social media Bluesky: https://bsky.app/profile/secretsandspies.bsky.social Instagram: https://instagram.com/secretsandspies Facebook: https://facebook.com/secretsandspies Spoutible: https://spoutible.com/SecretsAndSpies Follow Chris and Matt on Bluesky: https://bsky.app/profile/chriscarrfilm.bsky.social https://bsky.app/profile/mattfulton.net Secrets and Spies is produced by F & P LTD. Music by Andrew R. Bird USAF Photo by Senior Airman Ali Stewart Secrets and Spies sits at the intersection of intelligence, covert action, real-world espionage, and broader geopolitics in a way that is digestible but serious. Hosted by filmmaker Chris Carr and writer Matt Fulton, each episode examines the very topics that real intelligence officers and analysts consider on a daily basis through the lens of global events and geopolitics, featuring expert insights from former spies, authors, and journalists.

In a contentious Senate hearing, Health and Human Services Secretary Robert F. Kennedy Jr. defends his decisions on vaccine policy. Economists fret about the American job landscape. And London crews try to dismantle a collection of trash in the Thames known as “Wet Wipe Island.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

Let's talk about Trump vs 100s of economists and the Fed....

Today's jobs report will most likely prompt the Federal Reserve to cut interest rates, as parts of the economy slow down. Having no income tax in the USA could boost the country's economy. See omnystudio.com/listener for privacy information.

Today's jobs report will most likely prompt the Federal Reserve to cut interest rates, as parts of the economy slow down. Having no income tax in the USA could boost the country's economy. 

Economist and Wharton Associate Professor Corinne Low shares the shocking data behind women's declining happiness, the “squeeze” of modern life, and the invisible forces shaping our choices around work, marriage, and caregiving. In this episode, we unpack: Why women still do most of the housework—even when they earn more How outdated divorce laws shaped women's career decisions and financial risk The caregiving and career “squeeze” that hits hardest in your 30s How gender roles and attraction patterns keep us stuck in cycles of burnout Practical, data-backed strategies to reclaim your energy, time, and joy ✨ This episode changed how I think about happiness and ambition and I hope it gives you tools to redefine “having it all” on your own terms. ✨ Homework: As soon as you finish listening, block out time for the activity that brings you the most joy (your “utility function”)—and protect it like it's a meeting with your boss. For more from Dr. Corinne Low, find them on Instagram @corinnelowphd or online at https://www.corinnelow.com/  Grab your copy of Having It All here. Ready to uplevel every part of your life? Order Liz's book 100 Ways to Change Your Life: The Science of Leveling Up Health, Happiness, Relationships & Success now!  Connect with Liz on Instagram @lizmoody or online at www.lizmoody.com. Subscribe to the substack by visiting https://lizmoody.substack.com/welcome. Buy our cute sweatshirts, conversation cards, and more at https://shop.lizmoody.com/. Use our discount codes from our  highly vetted and tested brand partners by visiting https://www.lizmoody.com/codes.  To join The Liz Moody Podcast Club Facebook group, go to www.facebook.com/groups/thelizmoodypodcast. This episode is brought to you completely free thanks to the following podcast sponsors: Puori: go to Puori.com/LizMoody and use promo code LIZMOODY for up to 20% sitewide. Seed (DS-01): head to Seed.com/LizMoody and use code LIZMOODY for 25% off your first month.  Pique: check out PiqueLife.com/LizMoody for up to 20% off plus a special gift. Shopify: sign up for a one-dollar-per-month trial period at Shopify.com/LizM.  LMNT: go to DrinkLMNT.com/LizMoody to get a free LMNT sample pack with any order. The Liz Moody Podcast cover art by Zack. The Liz Moody Podcast music by Alex Ruimy. Formerly the Healthier Together Podcast.  This podcast and website represents the opinions of Liz Moody and her guests to the show. The content here should not be taken as medical advice. The content here is for information purposes only, and because each person is so unique, please consult your healthcare professional for any medical questions. The Liz Moody Podcast Episode 361. Learn more about your ad choices. Visit megaphone.fm/adchoices

Think Like an Economist’s Justin Wolfers examines the latest developments in Trump’s tariff war.Dr. Abdul El-Sayed details his run for the Senate in Michigan.See omnystudio.com/listener for privacy information.