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Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
Foundation for Economic Education is proud to bring you recorded lectures from FEEcon 2019 conference. Whether you are interested in economics, politics, philosophy or art, there is something for everyone to listen to. Enjoy these talks from FEEcon 2019. If you are interested in more content please visit FEE.org Stay tuned for FEEcon 2020.
There appears to be a large problem in America with outcome-based thinking, particularly with regards to hot-button political issues. We skip straight to the ending we want and argue for it until we’re blue in the face, and everyone who doesn’t want the same must be evil, stupid, or both. But what if we started the conversation in a different place? What if we started it at the principles that lead to the desired outcome? Would the conversation change? James Harrigan and Antony Davies dig into the subject during their second live recording from FEEcon 2019 on this week’s episode of Words & Numbers. Show your support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick hits From janitor to Executive Vice-President https://www.cnbc.com/2018/03/27/a-janitor-invented-flamin-hot-cheetos-and-became-a-pepsico-exec.html Lost wallets experiment https://www.latimes.com/science/la-sci-people-are-honest-lost-wallets-experiment-20190620-story.html Foolishness of the week Manufacturing czar https://triblive.com/opinion/donald-boudreaux-save-us-from-a-manufacturing-czar/ Topic of the week: Principle and Outcome Federal receipts are 18% of GDP https://www.usnews.com/opinion/economic-intelligence/articles/2016-12-01/myths-and-facts-about-the-us-federal-debt Join the conversation Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ Let us know what you think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan
The word “equality” is a tricky one. It means different things to different people in different contexts. Do we mean “income equality”? “Wealth equality”? “Equality before the law”? And how does that sync up with “fairness”? Why are so many fine with professional athletes and movie stars making hundreds of millions of dollars but not CEOs? Join Antony Davies and James Harrigan as they delve into the subject live from FEEcon 2019 on this week’s episode of Words & Numbers. Show your support for Words & Numbers at Patreon: https://www.patreon.com/wordsandnumbers Quick hits: Tulsi Gabbard https://www.goodnewsnetwork.org/congresswoman-used-toffee-to-unite-republicans-and-democrats/ People spending more on the Internet than at restaurants https://www.bloomberg.com/news/articles/2019-06-15/americans-now-spend-more-at-internet-stores-than-restaurants Foolishness of the week: O.J. Simpson “has a little getting even to do” https://www.vanityfair.com/style/2019/06/oj-simpson-twitter-has-a-little-getting-even-to-do Topic of the week: Inequality: The problem of inequality https://www.youtube.com/watch?v=rCjWG8RqH4w Join the conversation Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ Let us know what you think: mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter: https://twitter.com/antonydavies James R. Harrigan on Twitter: https://twitter.com/JamesRHarrigan
If life is an inalienable right, does that take the death penalty off the table? Is there really a need for social safety nets? Taxation, the Articles of Confederation, the Postal Service, and more come together this week as James Harrigan and Antony Davies explore their ambivalence (it doesn’t mean what you might think it does) on many controversial topics on this week’s episode of Words & Numbers. Come to FEEcon 2019! Show Notes: Arthur Laffer awarded Medal of Freedom The top half of income earners pay 97% of the federal taxes Spelling Bee winners Foolishness of the week UBI could solve childhood obesity Topic of the week: Ambivalence Join the conversation Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Let us know what you think at: wordsandnumberspodcast@gmail.com Show your support for Words & Numbers at Patreon
Only twice has the U.S. House of Representatives impeached a president, and never has the Senate voted to remove an impeached president from office. People tend to think of impeachment as a judicial tool that should be used rarely and only when a president has broken the law in some egregious way. But impeachment was designed as part of the checks-and-balances. It is a political tool. On this week’s episode of Words & Numbers, join Antony Davies and James Harrigan as they discuss what impeachment is and how the political process might work better if impeachment were used more often. Come to FEEcon 2019! Show Notes: Artificial intelligence learns to spot cancer Employment changes over the past century Sanders says that teacher salaries should start at $60,000 Foolishness of the week MSNBC asks political candidate how MSNBC can do better for him Topic of the week: Impeachment How does impeachment work? Join the conversation Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Let us know what you think at: wordsandnumberspodcast@gmail.com
If the federal government disappeared, would there still be a United States? Does every country fall on a spectrum between two extremes, capitalism and communism? Are there any good reasons to restrict voting rights? This week, James Harrigan and Antony Davies answer questions about the subjective theory of value, debts to society, guns vs. butter, and plenty more in this week’s jam-packed episode of Words & Numbers. Come to FEEcon 2019! Foolishness of the week Pennsylvania Mayors Pew Poll on Views About Gun Regulation Topic of the week: Listener questions Join the conversation: Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Let us know what you think at: wordsandnumberspodcast@gmail.com
Americans, as individuals, carry a lot of debt. But don’t panic! Not all debt is created equal, and not all debt is necessarily a bad thing. Some debt—like mortgages, vehicles, even some college degrees—can be good debt. There are also bad kinds of debt, too. But the thing about individual debt is that it’s the individual's responsibility and really only the business of the borrower and the lender. Once the government gets involved, though, things can get messy. Just how messy and in what ways? Join Antony Davies and James Harrigan as they sort through the bills in this week’s episode of Words & Numbers. Come to FEEcon 2019! Show Notes: Amazon hiring robots $6 trillion war Foolishness of the week: Limiting credit card interest rates Topic of the week: Good debt and bad debt: Household debt Join the conversation: Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Let us know what you think at: wordsandnumberspodcast@gmail.com
Lately, headlines seem to focus on big companies that pay no corporate taxes. However, most of those big companies are still paying payroll taxes. So, have these big companies actually paid their fair share? Americans have their own tax burdens as well. How do we measure a fair tax for all incomes? How do people define what “fair” means? Join James Harrigan and Antony Davies as they cover progressive/regressive taxes, sales taxes, sin taxes, and more on this week’s episode of Words & Numbers. Come to FEEcon 2019! Show Notes: New York may ban glass and steel buildings Scientists discover how to convert blood to Type O Foolishness of the week: Treasury: US may have to stop borrowing Topic of the week: Taxes Amazon 1 Amazon 2 Join the conversation: Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Let us know what you think at wordsandnumberspodcast@gmail.com Thought Experiment: Should the government tax buyers or sellers? Consider the following three scenarios. In all three scenarios, a seller sets a price and a buyer decides, based on the price, how many units to buy. The number of units the seller sells varies depending on the price the seller charges: Units sold = 100 - Price per unit For simplicity (and no meaningful reduction in realism) suppose that it costs the seller $40 for each unit the seller sells. In the first scenario there is no tax. This is a baseline against which we can compare the scenarios in which there is a tax. In the second scenario, the government imposes a $6 per unit tax on the seller. For each unit the seller sells, the seller must pay (in addition to the $40 cost of selling the unit) $6 to the government. In the third scenario, the government imposes a $6 per unit tax on the buyer. For each unit the buyer sells, the buyer must pay the seller’s price to the seller plus an additional $6 to the government. In each scenario, you can see the price that maximizes the seller’s profit. This is the price the seller will charge in that scenario. You can check the work by choosing a different price. You’ll see that any price other than the one shown results in less profit. At the end of each scenario, you see the final result: how much the buyer pays per unit and how much the seller receives per unit. Compare those results across the three scenarios to see something remarkable. Scenario 1: No Sales Tax Profit is maximum when the seller charges $70 per unit. Units sold = 100 - 70 = 30 Sales = $70 x 30 units = $2,100 Cost of goods sold = $40 x 30 units = $1,200 Profit = $2,100 - $1,200 = $900 → Buyer pays $70 per unit → Seller receives $70 per unit Tax the Seller $6 per Unit Sold Profit is maximum when the seller charges $73 per unit. Units sold = 100 - 73 = 27 Sales = $73 x 27 = $1,971 Cost of goods sold = $40 x 27 + $6 x 27 = $1,242 Profit = $1,971 - $1,242 = $729 → Buyer pays $73 per unit → Seller receives $73 per unit less $6 per unit tax = $67 per unit → Compared to No Tax, buyer pays $3 per unit more and seller receives $3 per unit less Tax the Buyer $6 per Unit Purchased Profit is maximum when the seller charges $67 per unit. Units sold = 100 - 67 = 27 Sales = $67 x 27 = $1,809 Cost of goods sold = $40 x 27 = $1,080 Profit = $1,809 - $1,080 = $729 → Buyer pays $73 per unit ($67 per unit plus $6 per unit tax) → Seller receives $67 per unit → Compared to No Tax, buyer pays $3 per unit more and seller receives $3 per unit less Conclusion It doesn’t matter whether the government taxes the buyer or the seller, they end up sharing the tax burden in the same way. The government decides from whom the tax is collected. The market determines who actually pays the tax. No Tax Tax the Seller Tax the Buyer Sale price $70 $73 $67 Price seller receives (net of tax) $70 $73 - $6 = $67 $67 Price buyer pays (including tax) $70 $73 $67 + $6 = $73
There’s no such thing as a free lunch or, in this case, a free college education, despite the promises of certain presidential candidates. The federal government already guarantees student loans. But what would happen if we just forgave all that student debt? What would it take, politically speaking, and what would it cost? And what’s the value of a college education these days, anyway? Join Antony Davies and James Harrigan as they tackle the topic on this week’s episode of Words & Numbers. Win tickets to FEEcon 2019! Quick hits Chalk on tires violates Fourth Amendment Phone surveillance Foolishness of the week Williams College is afraid of free speech Tuition at Williams College Tuition at University of Massachusetts Topic of the week: Free stuff is too good to be true Free college too good to be true Constitutional concerns about a wealth tax Wealth tax Join the conversation Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Let us know what you think at: wordsandnumberspodcast@gmail.com
Many college students seem baffled or even outraged by opinions that differ from their own. We hear phrases like safe spaces, trigger warnings, and virtue signaling. What’s going on? Has the same psychology that caused religious persecutions returned? Has it infected the majority of students and faculty across the country, or just a vocal few? Guest Donald Boudreaux joins hosts James Harrigan and Antony Davies to sift through the loudest arguments coming from our nation’s universities in this week’s episode of Words & Numbers. Win tickets to FEEcon 2019! Show Notes: Nuclear fusion Artificial intelligence Cancer cure Longevity gene Cure for bubble boy disease Brian Lamb retiring Foolishness of the week: San Francisco: Poop in the streets Washington DC: Homelessness Seattle is dying Topic of the week: Silencing Dissent Donald Boudreaux Donald Boudreaux on Brett Kavanaugh and GMU Join the conversation: Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Antony Davies on Minds.com James R. Harrigan on Minds.com Let us know what you think at: wordsandnumberspodcast@gmail.com
Getting paid for your blood—do you have any concerns? Many people are opposed to donors receiving compensation for ethical reasons. Should people only donate blood for altruistic reasons? Should we worry about exploitation? How much of America’s total exports are blood products? Join Antony Davies, James Harrigan, and their guest Peter Jaworski, co-author of the book Markets Without Limits, as they discuss the morality underlying the supply and demand of blood plasma around the world. Win tickets to FEEcon 2019! Show Notes: Deficit up 15% in 2019 Deficit up 17% in 2018 Tourism and Chernobyl Foolishness of the week: Illinois to raise smoking age to 21 Florida town makes it illegal to grow vegetables State of Florida overrules Florida town Topic of the week: Blood plasma sales: Peter Jaworski Letter to Senate of Canada regarding the ban on blood plasma sales Canada needs blood plasma We should pay for blood plasma donations Bans on blood plasma sales 1 Bans on blood plasma sales 2 Don’t end NAFTA, Canada needs your bodily fluids Join the conversation: Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Peter Jaworski on Twitter Antony Davies on Minds.com James R. Harrigan on Minds.com Let us know what you think at: wordsandnumberspodcast@gmail.com
Wage gap myths, middle class success, and hate crime statistics are examined this week in order to dispel the calls for a new social contract. In a society where the majority makes the rules, how do minorities prosper? Is it because of a social contract, is it the result of people being rational, or is it just people being nice to each other? Listen to the conclusion of this two-part special as James Harrigan and Antony Davies use data to trace the prosperity of minority groups in America on this week’s episode of Words & Numbers. Win tickets to FEEcon 2019! Show Notes: 13 year old buys his mother a car Cancer vaccine Foolishness of the week Illinois to raise smoking age to 21 Florida town makes it illegal to grow vegetables State of Florida overrules Florida town Topic of the week: Social Contract Nonsense (Part 2) Households by race and income (1967-2017) Income by gender (1960-2017) Hate crime statistics Join the conversation Words & Numbers Backstage Antony Davies on Twitter James R. Harrigan on Twitter Antony Davies on Minds.com James R. Harrigan on Minds.com Let us know what you think at wordsandnumberspodcast@gmail.com
What are the essential lessons of economics that stick with kids? Connor Boyack has written several books detailing these lessons for children. We spoke at FEECon in Atlanta in June. See acast.com/privacy for privacy and opt-out information.
Domino’s Pizza is paving over potholes to preserve the cheesy integrity of their pies. Is it just a PR stunt? A sincere gesture of goodwill? Or is it also in their economic interest? Do roads and other “infrastructure” goods need to be provided by the government? Or do private individuals and organizations have incentives to provide such “public goods”? The FEEcast panelists explore these questions and also celebrate the recently completed FEEcon! Show Notes: Without Government, Who Will Build the Roads? Domino’s Pizza, Apparently | Brittany Hunter Freeing the Freeways | Leigh Jenco National Defense and the Fundamental Problem With "Public Goods" The Private Provision of Public Goods | Donald J. Boudreaux
FEEcast is honored to have Magatte Wade as our guest in this special episode recorded at FEEcon 2018. Magatte is a Senegalese entrepreneur and the founder of skin is skin. She is also the subject of an upcoming documentary short in FEE’s “How We Thrive” series. Magatte rejects the casting of the people of her country and continent as helpless charity cases. What Africa needs, she insists, is not handouts or hand-me-downs, but freedom: especially the freedom to lift themselves up through commerce. As she explains to the FEEcast panel, Africans deserve better than perpetual dependence. Like all people, they deserve the dignity of trade, work, and self-reliance, which is the only path toward eradicating poverty instead of merely ameliorating it. Show Notes: Made in Mekhe OFFICIAL TRAILER Magatte Wade: The Power of Entrepreneurship Local Entrepreneurs, Not Foreign Do-Gooders, Are the True Hope of Africa
FEEcast is thrilled to have TK Coleman as our guest in this special episode recorded at FEEcon 2018. TK is the co-founder and Education Director of Praxis, a company that offers young people an alternative program to college that includes a professional development boot camp and a paid apprenticeship at a startup. TK breaks down many of the ways young people can go beyond credentials and resumes to signal value to potential employers. He also counsels young people to not look to politics and politicians as primary agents of change, but to look to themselves as the predominant creative forces in their own lives. Show Notes: Career Common Sense that’s Actually Nonsense (How to Avoid the Conveyor Belt) | Isaac Morehouse Best Alternative to College: Launch Your Career Now | Dan Sanchez No, We Are Not Screwed | TK Coleman Who I’m Voting For | TK Coleman No, We Are Not Mere Pawns | TK Coleman
In this live episode of Office Hours recorded at FEEcon, Isaac and TK kick off season two of the podcast by talking about envy, competitiveness and take questions from the audience. Notes: - Is envy the most destructive vice? - Falling into comparison traps. - If other people achieving things makes you less happy, you are in a dangerous place. - How celebrating the success of others opens up new possibilities for you. - How you can use competitiveness to make your life better. - Learning to connect overcoming short-term pain with achieving long-term goals. - Use free work to move towards your career and not worrying what others think about it. - Learning selfishly Questions: - Is it possible that comparing yourself to others can lead to positives? - How do the philosopher mindset and the athlete mindset correlate to entrepreneurship? - How do you draw the line between doing free work that is advancing your career and being used? - Advice for hiring and managing people that have more experience than you? - How do you break through the argument that people can't teach those who don't share your life experience? Full show notes for each episode are available at discoverpraxis.com
It's a well-established fact that Social Security and Medicare are in serious trouble and have been for a while. The newest projections released last week have Social Security being insolvent in the year 2034 and Medicare in 2026. A fair amount of this trouble can be laid at the feet of the federal government and its seemingly insatiable habit of spending money it doesn't have. It's gotten to the point that there isn't really anywhere else in the world that has the amount of money the US government needs to borrow. It seemed so easy to just take that money from the Social Security and Medicare trusts at the time, but with federal spending now higher than it's ever been (regardless of whether you adjust for inflation or simply count it as a percentage of GDP), it seems very unlikely that that money will—or even can—ever be paid back. So, what's a government to do? Join Antony Davies and James Harrigan as they talk about this and more on this week's special live-from-FEEcon episode of Words and Numbers. Show Notes Anthony Bourdain Charles Krauthammer Country Time comes to the rescue of children’s lemonade stands Lemonade stand shut down 1 Lemonade stand shut down 2 Lemonade stand shut down 3 Foolishness of the week Bernie Sanders believes socialist ideas are winning Topic of the week: Federal bankruptcy Historical CBO projections Debt myths debunked
Joey shares his experience at FEEcon—including a strange encounter with a "lady of the night"—as well as discussing the free trade fallout from Trump's G7 visit.
What role does luck play in our lives, success or failure? What advice would you give to your younger self?
On January 15th, 2018, Startup Cities hosted a discussion panel featuring Adam Hengels, founder of Market Urbanism, and Patrik Schumacher, Principal of Zaha Hadid Architects. Hosted by Peter Ryan, Founder of Startup Cities. This episode features the full audio recording of this event, plus Anarchitecture Podcast's pre-game and post-game discussion. Use hashtag #ana018 to reference this episode in a tweet, post, or comment View full show notes at http://anarchitecturepodcast.com/ana018. Intro Introduction to the event and participants We're the color commentary; Market Urbanism is the play-by-play A chance to connect with Market Urbanism, and reconnect with Patrik Schumacher Tim's impressions of the event Summary of topics covered Audio quality - remember that our policy is to blame the listener for any and all audio quality issues. You're just not listening hard enough. YouTube slideshow of notes summarizing the discussion: https://youtu.be/ujq1WGri4wA Startup Cities Event Audio Peter Ryan Mission of Startup Cities: Bring investors and entrepreneurs from startup community to urban planning, real estate development, and architecture communities Startup Cities sponsors 40% of buildings in Manhattan could not be built today with current zoning requirements Patrik Schumacher Biography Was a communist as a student Became more mainstream Re-radicalized in libertarian thought and Austrian economics after 2008 financial crisis Adam Hengels Studied Architecture in college, then switched to Structural Engineering Graduate school at MIT for real estate development, focusing on mega-projects Worked for a developer on large projects (Atlantic Yards in Brooklyn, now Pacific Park) Long-standing interest in urbanism Saw what happened behind the scenes between government and developer (subsidies, eminent domain) Also saw negative impacts of NIMBY groups Adam Hengels Sprawl is not a free-market phenomenon, it is government-created Steven Smith and others started writing for Market Urbanism Market Urbanism is a movement Planning intelligentsia has started to come along. They admit that zoning is a problem. Next step is closing the gap between the intelligentsia and the mainstream Patrik Schumacher Left-liberal consensus runs deep among intelligentsia Peter Ryan Did you (Patrik) perceive these ideas before 2008? Patrik Schumacher Was exploring other ideas about societal organization Fordism - 20th century - Simpler industrial base and societal organization - more compatible with modernism Post-fordism - More complex economic and societal organization - more urban concentration Managed, state-run economy and development - a bad but viable idea in the 1950's, a suicidal idea today Peter Ryan Increased urbanism isn't a decision people are going to make, it is going to happen. What role does market urbanism play in this inevitable development? Adam Hengels The future is a world of agglomeration. People want to be around other people The great ideas of the future are going to happen in cities Patrik Schumacher Cities create the conditions under which productivity can soar and flourish People are willing to give up 80% of their salary to be in the city center and participate in the city network Living in the city is a socio-economic necessity, but urban life is also desirable The city is a prosperity engine Zoning and standards (i.e. housing) prevent people from making life choices. One-size fits all restrictions. These regulations prevent affordablility. Talking about this topic is viciously toxic Adam Hengels There are also environmental consequences of planning regulations. San Francisco is one of the most environmentally friendly places in the world to live. The more we prevent people from living in San Francisco, the worse for the environment. Peter Ryan How do planning regulations distort what the architect does? Patrik Schumacher Regulations stifle innovation and creativity for architects and developers Everything is predetermined Entrepreneurs compete only on the basis of negotiating with authorities, rent-seeking Basically there’s no market in real estate. That’s why it doesn’t function These (negotiations with authorities) are invitations for corruption Adam Hengels Architects don't design buildings in NYC, zoning does. 90% of what you do is just compliance. "Planners" isn't the right word. They're not planning, they're reacting. Petty bureaucrats Patrik Schumacher Creativity comes through loopholes London developer building 500 bedrooms around one living room China - creative, counterintuitive developments The profession becomes boring and stifling Creativity has to start with entrepreneurial developers' creativity. Adam Hengels Developers have been trained to be compliance machines To be creative, find a loophole Adam Hengels Parafin - Artificial intelligence platform that uses generative design and parametric modeling to rapidly generate optimized buildings. Rather than wait weeks for architects to turn around a handful of options and then run cost analyses, Parafin generates millions of design options with cost analysis within minutes. Patrik Schumacher Research project to use parametric modeling to evaluate complex campuses Adam Hengels Computational analysis of development and design rather than relying on entrepreneurs' and architects' intuition Patrik Schumacher The city is the best place for discovering synergies We love that chaos, liveliness, diversity, mixity of uses The city is all about coming together, connecting up networking for synergetic activities Freedom of uses is necessary for cities to self-organize into complex, navigable places Architect gives shape and expression to this to allow people to find places and each other It shouldn't be a city sliced up into individual blocks and cells, it should be very open Inter-visibility and awareness. Multiple levels, dense, and organic Adam Hengels Cities as a rainforest – unplanned order and synergy Patrik Schumacher Bottom-up order Identity and coherence, navigable Garbage spill urbanization - cities all look the same Multi-species ecology generates character and order. Rule-based, not random Bottom-up forces need to be free to give shape to their environment Question from audience For a private, city-scale developer, it may be optimal for planning to take place. With no plan, cost of starting is much higher. How do you balance the costs and benefits of planning in private development? Patrik Schumacher London's great estates - large parcels of land were planned Planning as curation Curation needs to go by something It can be experimental and competitive at different scales Allow for something new to emerge - more anarchic and chaotic Adam Hengels Planning has to happen at some level Plan synergies of the private developer Need to have flexibility in the long run Need to recognize that cities are an emergent order Question from audience Should we get government out of the business of insuring risky lending? Should we restrict certain types of building, i.e. in watersheds? Adam Hengels In 2008, big banks should have failed. In favor of not building in a watershed, but its a question of how you do it - with the heavy hand of government, or some other mechanism? Patrik Schumacher In a scenario where everything was privatized, owners of water resources would secure the benefits of long-term preservation and profitability of the resource. Self-regulation Individual land-owners could come together and organize Built environment is complex, lots of externalities. It's more politicized than some other industries (i.e. fashion). There are entrepreneurial and market solutions Question from audience What is the most difficult city you've ever worked in, and why? Adam Hengels Worked in NYC and Chicago, studied in Boston. Cambridge, MA may be more difficult than NYC. Chicago is a free market paradise compared to New York, but it's far from free in reality. Patrik Schumacher More dense, mature, and wealthy places are slower When you add a new piece to this context, you have to be sensitive This is made difficult by planning restrictions on improvisation A lot of value is destroyed by things not happening - projects rejected, postponed, or cancelled The land value that planning approval adds (to existing land values) has shot up in London from 50% of GDP to 200% of GDP Adam Hengels What's the longest time one of your projects has been tied up in approvals? Patrik Schumacher In Italy, the government changed ten times during the course of a project. What should have taken 3-4 years took 11 years. Question from audience California senator Scott Weiner introducing a bill (SB 827) to supersede local planning restrictions around transit. Resistance is from homeowners and incumbent developers. What is the market urbanism answer to removing power of homeowners rather than bureaucracy? Adam Hengels That bill (SB 827) looks awesome. If you're a certain radius from a transit station, the local governments cannot impose height restrictions below a certain amount, cannot impose density restrictions. Opening a good dialogue. Why are we preventing people from living in transit-served locations, because there are incumbent homeowners who don't like it? Question from audience What is the market urbanism answer to removing power of homeowners rather than bureaucracy? Patrik Schumacher I don't think homeowners should necessarily have this power to prevent development in one area. There's no fast and ready formula that defines what is infringement on someone else's property. Preventing new building that doesn't affect someone else's property, just affects someone's feeling, is too much protectionism. In markets you don't prevent someone from opening a firm and competing with you. There needs to be a political debate about the kind of rules that should be acceptable. NIMBYism is the force behind the politics. That sense of entitlement needs to be broken. Political discourse shouldn't always lead to majority voting on everything. YIMBY proposal in London to have people collectively agree to allow increased density on their streets. Question from audience Smart Cities - Are data-driven tools for cities dangerous munitions, or will they help planners do a better job? Adam Hengels There's a potential for both Empowered with better information, in theory they should make better decisions But that information could be released to the public or open-source so everyone can make better decisions Patrik Schumacher It should empower private planners. It's not only an information problem, it's also an incentive problem. In political processes, the feedback is very coarse and crude - bundled into 4-year elections with everything else. Market urbanism gives voice and empowerment to everybody. Information is often lacking, governments often have counter-incentives for applying the information. Question from audience European cities appear as green, new urbanism paradises. Is "going green" another layer of regulation, or does it help to further the main goals of a city as the interaction between people? Patrik Schumacher One-size-fits-all rules of energy conservation make little sense Incentives to save energy should be in the market. Eliminate subsidies. I believe carbon trading is an interim measure. Improve walkability of cities. This kind of greening would be synergetic and congenial to a privatization effort. There could be some kind of collective action underlying this, but the political process is very slow (decades). Adam Hengels If government is going to talk about the environment, it should start by stopping doing the things that they're doing that are hurting the environment. Stop subsidizing the automobile Stop building all these damn highways Stop war Before you tell someone else what to do, you gotta have virtue yourself. Question from audience Hudson County NJ has half a million people. What prevents it from being the core of an independent city as opposed to a bedroom community that sends commuters to Manhattan? Adam Hengels It doesn't have the agglomeration that Manhattan does Zoning policies may prevent increased agglomeration Question from audience The title is "Startup Cities," which presupposes cities getting started. How many of you in the audience have actually attempted to start a city? Learn about what it takes to incorporate a city, it's not as hard as you think. If you were able to incorporate a city, you would be able to set up a planning and zoning board (not that you should!) But you could craft planning boards that could be more friendly to the ideas presented here. For a "city-preneur," what sorts of things should they be looking at when starting a city from scratch? Adam Hengels The first question is why. Why are you starting a city? How and why are people going to come together? I've become more humbled that we could or should be starting cities from scratch. Start small, with some economic reason. Patrik Schumacher In most of these private city projects, it's not only a new city, it's a new society. Its a libertarian project of a more free market driven society. Existing cities are politically captured. Since the whole world is so politically stifled, a private city could create incentives as a free economic zone to draw people. Would try to avoid zoning functions / uses. Allow speculation of uses. Could have a sounding board advising. Try out as much freedom as possible and do not be paranoid about freedom and what could come out of it. Peter Ryan The largest tax contributor in Florida, Disney World, was a startup city. Interesting to look into the dynamic of how they bought the land, worked with the state, and developed legal systems that were customised for themselves, zoning regulations, building codes, were tailor fit. While floating islands in the Pacific are a good bar to reach for, there are plenty of examples of private cities in the past that we can go back to. Adam Hengels Website: marketurbanism.com Twitter: @marketurbanism Facebook A new non-profit organization - The Center for Market Urbanism Nolan Gray is head of policy and research Events – Foundation for Economic Education FEEcon this summer in Atlanta. Patrik will keynote the Market Urbanism track. A collaborative book project summarizing the policies of Market Urbanism. Patrik Schumacher Giving a lecture tomorrow at the National Arts Club Talking about architecture and societal progress The built environment as ordered social processes The city as a text, a system of signification, etc. Website - www.patrikschumacher.com Facebook YouTube Talking about free market urbanism, also illustrating the history of urban development through various stages of socio-economic development Peter Ryan Startup Cities Website: startupcities.co Hashtag #startupcities Post-Game Discussion Joe's impressions of the event Seething envy Nothing ever happens in Australia The growing impact of Market Urbanism Parafin - AI powered development modeling Joe's household budget spreadsheet has become self-aware When is a computational approach best suited to the project? One-liners "They're not planning, they're reacting" "Gaming the planners" - a recipe for corruption It's not rule of law, it's rule of men Would NIMBYism be worse under private ownership of public space? Home Owner's Associations (HOA's) Density entices development of amenities and transit NIMBYism is a symptom of government-induced sprawl Increasing urbanism is an inevitable trend, not the result of a vote The inherent bias in favor of incumbent homeowners under democracy The opposite incentive could be the case under private cities Curation Allowing more organic entrepreneurial devlopment Pruning and weeding Curation by dispute resolution and pre-emptive public fora Scott Wiener's SB 827 Upzoning Beverly Hills The state government as a check on local government overreach - are anarchists ok with this? Startup Cities - Literally! Cities as an entrepreneurial venture Innovating cities Do cities need to be grown organically, or can they be created from scratch? Seasteading Liberland Economic freedom can provide the seed of a successful city - Hong Kong, Singapore Post-event activities and name-dropping Market Urbanism started as a blog, is becoming a movement Links/Resources YouTube slideshow of notes summarizing the discussion: https://youtu.be/ujq1WGri4wA Livestream Video of this event on Urbanist Startup Cities Peter Ryan's Startup Cities: Urbanization as Opportunity manifesto Market Urbanism Website/Blog Twitter: @marketurbanism Don't miss Market Urbanism at FEEcon 2018, featuring Adam, Patrik, and many other Market Urbanists! Adam Hengels Parafin Patrik Schumacher Anarchitecture Podcast's Patrik Schumacher Series patrikschumacher.com – Patrik’s publications, interviews, and lectures, including his two-volume book on architectural theory, “The Autopoiesis of Architecture” Zaha Hadid Architects California's SB 827 A cool Interactive Visualization of the Potential Effects of SB 827 Why SB 827 Failed Emily Hamilton on the inherent bias towards incumbent resident voters (on Market Urbanism, of course) Sandy Springs, GA - Outsourcing the city Seasteading Liberland - a Startup Country Sandy Ikeda: Is there a Libertarian Architecture? Nolan Gray bio Stephen Smith bio
Why is there so little rent seeking? Is rent seeking itself still misunderstood? Matthew Mitchell of the Mercatus Center discussed the issue at FEECon in June. See acast.com/privacy for privacy and opt-out information.
Glenn Jacobs is better known as Kane from WWE, but he's becoming known both as an outspoken advocate for liberty and a political commodity in his home of Tennessee. He discusses failure, millennials, and the cost of government at #FEECon held this weekend in Atlanta. See acast.com/privacy for privacy and opt-out information.
Chuck Marohn interviews Emily Hamilton about a recent article she published at the Foundation for Economic Education website entitled, "The Hidden War on Affordable Housing." Emily is a Research Associate at George Mason University's Mercatus Center and she holds a Masters in economics from GMU as well. In this conversation, Chuck and Emily discuss the present lack of single-room occupancy and small-scale housing that used to be so prevalent in the United States and how we might resurrect these forms of affordable housing. They also discuss broader issues of housing affordability across the US and how to adjust government policies to allow for the creation of more affordable housing options. Emily and Chuck are both speaking at the upcoming FEEcon, "2017's premier gathering of freedom lovers from all walks of life" hosted by the Foundation for Economic Education in Atlanta, GA, June 15-17. Get more information here. Right now, FEEcon is offering a special discount to Strong Towns members, readers and listeners. Use the code "MU40off" to get 40% off the ticket price.
Chuck and Rachel discuss upcoming Strong Towns events as part of the 25th Congress for the New Urbanism in Seattle this week. They also chat about historic preservation, red light cameras and Richard Florida. Mentioned in this podcast: "Is nothing sacred?" by Chuck Marohn CNU25 event info. RSVP for Beers with Engineers here. Apply to be a debater here. FEEcon event in Atlanta, GA. Use the code "MU40off" to get 40% off the ticket price. "An Embarrassing Mess" by Chuck Marohn Lucas Davenport series by John Sandford Jesus and the Gospels, from the Great Courses The Great British Baking Show The New Urban Crisis by Richard Florida