Podcasts about Microeconomics

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, is less reserved than the average banker. He explains why vibes are overrated, why the Fed's independence is non-negotiable, and why tariffs could bring the economy back to the Covid era. SOURCES:Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago. RESOURCES:"Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," by Austan Goolsbee and Peter Klenow (American Economic Association Papers and Proceedings, 2018).Microeconomics, by Austan Goolsbee, Steven Levitt, and Chad Syverson (2012)."Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," by Jeffrey Brown and Austan Goolsbee (Journal of Political Economy, 2002).Survey of Consumers (University of Michigan).Adobe Digital Price Index. EXTRAS:"Was Austan Goolsbee's First Visit to the Oval Office Almost His Last?" by People I (Mostly) Admire (2022)."Is $2 Trillion the Right Medicine for a Sick Economy?" by Freakonomics Radio (2020)."Fed Up," by Freakonomics Radio (2019)."Why the Trump Tax Cuts Are Terrible/Awesome (Part 2)" by Freakonomics Radio (2018)."Ben Bernanke Gives Himself a Grade," by Freakonomics Radio (2015)."Should the U.S. Merge With Mexico?" by Freakonomics Radio (2014).

In Episode 254 of The Julia La Roche Show, legendary economist Dr. Lacy Hunt, Chief Economist at Hoisington Investment Management, analyzes what he calls an economic "interregnum" where five convergent forces are aligning to depress growth. Dr. Hunt methodically explains how tariffs will ultimately prove deflationary rather than inflationary, why the Fed's restrictive monetary policy is misplaced, how federal spending cuts are creating headwinds, why massive debt overhang limits policy effectiveness, and how changing demographics will impact long-term prospects. With over 56 years of experience and historical perspective dating back to the 1920s, Dr. Hunt delivers a sobering but authoritative prediction that recession lies ahead in 2025, describing it as "a long, difficult slog" rather than a brief downturn.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Dr. Hunt is an internationally known and award-winning economist. He received the Abramson Award from the National Association for Business Economics for "outstanding contributions in the field of business economics."  Dr. Hunt is Executive Vice President and Chief Economist of Hoisington Investment Management Company (HIMCO).This is the 56th year in Dr. Hunt's career. He served as a Senior Economist for the Federal Reserve Bank of Dallas. When he entered the Fed, William Martin was chair and was grappling with severe inflation and when Dr. Hunt left the Fed, Arthur Burns was chair and also trying to contain rampant price increases.  Dr. Hunt served 23 years on the Board of Trustees at Temple University where he received his PhD in 1969, and is an honorary life trustee as well.Timestamps: 0:00 - Introduction and welcome1:16 - "Interregnum" explanation1:28 - Tariffs discussion begins2:08 - Economic boost from tariff announcements2:49 - Consumer buying ahead of tariffs3:42 - Employment impact of demand surge4:26 - Inventory accumulation5:03 - Federal spending decline (FY 2025)6:18 - Economy in frail condition7:05 - Beverage ratio analysis7:45 - Average hourly earnings indicator8:11 - April's wage growth weakness9:30 - Late Easter timing challenges10:31 - Recession prediction10:58 - Five convergent economic factors11:32 - Microeconomics of tariffs12:55 - Price elasticity in international trade14:31 - Historical context (1920s-1930s)15:44 - French devaluation of 192517:43 - Smoot-Hawley tariff impact19:45 - Chart explanation of M2 trend21:03 - Tariffs' impact on money supply22:15 - Monetary policy restrictiveness22:51 - Fed's "data dependency" critique25:31 - Other deposit liabilities explained28:38 - Fed policy recommendations29:37 - Tax cut potency limitations31:16 - Fed's need for longer-term view32:08 - Forward guidance discussion33:22 - Asset reallocation issues35:48 - Net national savings analysis37:39 - Birth rate economic connections39:46 - Immigration discussion42:52 - Recession confirmation43:49 - Historical economists on debt44:37 - Interest expense approaching defense spending46:18 - US debt impacts (125% of GDP)48:30 - Gross vs. net debt explanation49:48 - Fisher equation for bond yields53:00 - Tariffs' deflationary nature55:32 - High-tech sector growth analysis56:38 - Aircraft sector growth unsustainability57:11 - Federal spending outlook1:00:03 - Need for tariff dispute resolution1:01:18 - Closing remarks

In this episode, Kathy Jones and Liz Ann Sonders start out by discussing the latest developments in economic policy and tariffs. They also cover the latest inflation readings and their implications on the dollar and the Treasury market. Then, Liz Ann sits down with Phil Mackintosh, chief economist and senior vice president at Nasdaq. They discuss the unique economic cycle in the U.S., post-pandemic, focusing on the interplay between micro- and macroeconomics. Mackintosh explains his thoughts on the role of tariffs, the Federal Reserve's current policy, immigration's impact on the labor force, and the outlook for profit margins and earnings. Phil and Liz Ann also examine the influence of AI on productivity, the performance of the Magnificent Seven stocks, and the challenges faced by small-cap companies. Finally, Mackintosh shares insights on valuation in a growth-oriented economy and outlines the risks and opportunities that lie ahead.You can read Phil Mackintosh's weekly newsletter, Market Makers, on Nasdaq.com.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Currency trading is speculative, volatile and not suitable for all investors.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Indexes are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.The PHLX Semiconductor Sector Index (SOX) is a modified market capitalization-weighted index composed of companies primarily involved in the design, distribution, manufacture, and sale of semiconductors.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The Sahm rule is triggered when the three-month average U.S. unemployment rate rises by 0.50% or more from its 12-month low, which indicates a recession is underway.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(0225-X7NN)

Thank you for tuning in to the newest episode of InflexionPoint Podcast: Episode 75 Here we are dedicated to the art of listening in authentic conversation. We challenge our audience to listen actively and intentionally for the purpose of critical self-reflection, in-depth perspective-taking, personal transformation, and ultimately social impact. The 2024 theme explores the Art of Community Conversations in today's climate of systemic and institutional racism, antiracism activation, Equity Diversity & Inclusion, and book banning. Hosted by Anita Russell with co-hosts Mavis Bauman and Gail Hunter.   So, what's the deal with the economy? For many 2024 election voters the economy was deemed the most important factor in casting their vote. In this episode we discuss the economy from both a political and a personal perspective. We also take into consideration economic inequality.   Economic Power: The ability of an individual, group, or nation to influence or control economic resources, activities, or outcomes. This power is derived from various factors, including wealth, control over resources, productive capacity, or influence over financial and economic systems.   Who Runs the Economy:Politicians, Economists, and/or Individuals? What you see or do depends on what you believe.

Iowa's policymakers, providers, and insurers operate within a state comprised of an aging population and large rural areas. According to the Iowa Department of Justice, the state ranks 16th nationally for the number of residents 50-years-old and over. Approximately 18% of Iowa's more-than-three-million residents are 65 years old and older while 23% are under 18 years old. The average life expectancy in Iowa is 78.12—21st highest in the country. In addition, the United States Department of Agriculture (USDA) considers 77 of the state's 99 counties “rural” based on the amount of open countryside and rural towns. These are only some of the findings in our report titled "Iowa's Healthcare Landscape." The full report explores and presents data on Iowa's healthcare business climate, healthcare expenditures, insurance, and rural healthcare. In doing so, it highlights Iowa's unique healthcare landscape to help public- and private-sector decision makers understand the state's challenges and identify where to focus solutions to improve the state's healthcare system.   On this episode of Common Sense Digest, Host and CSI Chairman Earl Wright dives into all of these issues and more with one of the report's authors, Dr. Chelsea Lensing, CSI's Health & Wellness Fellow. Dr. Lensing shares her insights from writing this report including trends regarding the ages of doctors, access to care, obesity, diabetes and Alzheimer's rates, and much more. This episode paints a very clear picture of the state of affairs of healthcare in Iowa. To read our complete report, you can find it here. Thank you for listening to Common Sense Digest. Please rate, review, and subscribe on your favorite podcatcher. All of our podcasts can be found here. Dr. Chelsea Lensing is an assistant professor at the Stead Department of Business Administration and Economics at Coe College where she teaches Principles of Microeconomics, Health Economics, Intermediate Economics, International Economics, and Econometrics II. She previously instructed at the University of Iowa in Principles of Microeconomics and Business Statistics. Her research focuses on health, labor, and public economics with an emphasis on understanding the relationship between nutrition, obesity, and healthcare costs. Her academic work explores how health behaviors and nutrition decisions intersect, manifesting in externalities that reverberate within our healthcare system. Dr. Lensing earned a B.A. in Mathematics at Coe College and a Ph.D. in Economics at the University of Iowa.

Welcome to the Mixtape with Scott! Sometimes the shortest distance between point A and point B is a straight line, but other times the shortest distance is a winding path. This week's guest, Mohammad Akbarpour from Stanford University, is perhaps an example of the latter. Mohammad is a micro theorist at Stanford who specializes in networks, mechanism and design and two sided matching. Mohammad is an emerging young theorist at Stanford, student of such luminaries as Matt Jackson and Al Roth, whose background in engineering, mathematics and computer science has given him a fresh approach to topics that I associate with Stanford's theory people as a whole — policy oriented, applied work, mechanism design, networks and matching. He got into economics “the long way” — growing up in Iran, majoring in engineering, and then moving into Stanford's operations research PhD program. In this interview, he generously shares a snippet of the arc of his life, and it's a remarkable story, and one I really enjoyed hearing. I think you will too. Scott's Mixtape Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Mixtape Substack at causalinf.substack.com/subscribe

Welcome to this week's episode of “The Mixtape with Scott”! My podcast tries to capture the personal stories of living economists and create an oral history of the profession from the narratives. And this week, I'm thrilled to welcome Dr. Avinash K. Dixit, a distinguished economist whose life's work has influenced many fields within economics. But let me start by telling you a little about his background.Dr. Dixit is the John J. F. Sherrerd '52 University Professor of Economics Emeritus at Princeton University. He also serves as a Distinguished Adjunct Professor of Economics at Lingnan University in Hong Kong and is a Senior Research Fellow at Nuffield College, Oxford. For his many contributions to science, he has been awarded numerous accolades, including election to the American Academy of Arts and Sciences, the National Academy of Sciences, and the American Philosophical Society. He was also honored with India's Padma Vibhushan in 2016, recognizing his outstanding contributions to literature and education.As he will share, he was born in Mumbai, India and attended St. Xavier's College where he earned a degree in Mathematics and Physics. Afterwards, he earned another degree (also in mathematics) from Cambridge before going to MIT to get his PhD where he was supervised by the late Robert Solow. After graduation, he went to Berkeley, Oxford, Warwick and then Princeton where he's been since 1981. Both the sheer number of contributions he has made to many fields, but also their influence, is incredible. I put in the title for this episode simply “Microeconomics” after his name, but that was a difficult decision as his work spans microeconomic theory, game theory, international trade, industrial organization, and public economics, just to name a few. I could've written any one of those and it would've still been inadequate. His recent work continues to address pressing global issues, such as optimal policies for green power generation and the dynamics of social, political, and economic institutions. He is an example of someone who follows his heart and his mind, even taking risks throughout his career to leave entire fields of inquiry in search of more questions. In addition to his long list of scientific manuscripts, there have also been many influential books, both textbooks but also more ones aimed at a broader population of readers. Things like “Theory of International Trade” (with Victor Norman), “Investment Under Uncertainty” (with Robert Pindyck), “The Art of Strategy” (with Barry Nalebuff), and “Games of Strategy” (with Susan Skeath and David Reiley). So I'll stop there and turn it over to the show's host — myself — and my guest, Dr. Dixit. Thank you for tuning in to this episode of “The Mixtape with Scott.” If you enjoy our conversation, please share the podcast and help us continue to bring you stories from the world of economics.Scott's Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Substack at causalinf.substack.com/subscribe

In today's episode, Noah Smith and Erik Torenberg dive into some listener questions on economics and macroeconomics issues. They discuss the Federal Reserve's strategy on interest rates, the complexities of macroeconomic prediction, the evolution of industrial policy, and the impact of synthetic biology on the future of global security. 

Ray Dalio is an American billionaire investor, philanthropist, and author. He founded Bridgewater Associates, the world's largest hedge fund, in 1975 out of his two-bedroom apartment. Under his leadership, Bridgewater grew into one of the most successful investment firms globally, renowned for its innovative approaches to economics and finance.Dalio is also a celebrated author, having written the #1 New York Times bestselling book, "Principles," which outlines his philosophy on life and work, offering insights drawn from his extensive experience in the financial world.TIME magazine named him one of the “100 Most Influential People in the World” and Forbes has recognized him as one of the “100 Wealthiest People in the World.”***CHA-CHING! Customers are rushing to your store. Do you have a point-of-sale system you can trust or is it (ahem) a real P.O.S.? You need Shopify for retail.Shopify POS is your command center for your retail store. From accepting payments to managing inventory, Shopify has EVERYTHING you need to sell in person. Get hardware that fits your business. Take payments by smartphone, transform your tablet into a point-of-sale system, or use Shopify's POS Go mobile device for a battle-tested solution.Plus, Shopify's award-winning help is there to support your success every step of the way.Do retail right with Shopify. Sign up for a one-dollar-per-month trial period at www.shopify.com/founderhour. Once again, go to www.shopify.com/founderhour to take your retail business to the next level today.***The Founder Hour is brought to you by Outer. Outer makes the world's most beautiful, comfortable, innovative, and high-quality outdoor furniture - ALL from sustainable materials - and is the ONLY outdoor furniture with a patented built-in cover to make protecting it effortless. From teak chairs to fire pit tables, everything Outer makes has the look and feel of what you'd expect at a 5-star resort, for less than you'd pay at a big box store for something that won't last.For a limited time, get 10% off at www.liveouter.com/thefounderhour. Terms and conditions apply. ***Follow The Founder Hour on:Instagram | www.instagram.com/thefounderhourTwitter/X | www.twitter.com/thefounderhourLinkedIn | www.linkedin.com/company/thefounderhourYouTube | www.youtube.com/@thefounderhour

Lars Christensen is a founding member of the market monetarist tradition, an entrepreneur in the AI space, and is also a returning guest to Macro Musings. Lars rejoins the podcast to talk about AI and its implications for the economy and for monetary policy. David and Lars also discuss the basics and implications of dynamic pricing, AI's growing use within econometric analysis, how AI will impact the Fed and its policymaking, and much more.   Transcript for this week's episode.   Lars's Twitter: @MaMoMVPY Lars's blog   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server!   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *From Merchants to Quants: The Digital Revolution in Retail* by Lars Christensen   *Less Than Zero: The Case for a Falling Price Level in a Growing Economy* by George Selgin   Timestamps:   (00:00:00) – Intro   (00:01:16) – Lars's Move from Macro to AI   (00:08:02) – The Basics and Implications of Dynamic Pricing   (00:16:17) – Using AI for Econometric Analysis   (00:23:54) – The Implications of AI for the Economics Field   (00:35:45) – How Will AI Impact the Federal Reserve and its Policymaking   (00:38:55) – Deflation as a Response to an AI Driven Productivity Shock   (00:52:08) – Outro   Photo Credit: Nordnet Bank

Kristian Schwartz spearheads The Montgomery Group, a boutique search firm he established, specializing in senior-level marketing and media placements. He is known throughout the industry for his thank-you notes. In this episode, we explored the power of thank-you notes and their impact on your professional brand. Whether digital or handwritten, thank-you notes create lasting impressions and show genuine appreciation. In this episode we discussThe benefits of sending thank you notes.What happened when a top company didn't receive any thank you notes from their leading candidatesShould they be digital or handwritten?How do different generations feel about thank-you notes?How thank you notes contribute to your professional brandShow guest:Kristian Schwartz, a seasoned leader with over 20 years in digital transformation and marketing, transitioned to executive search at Korn Ferry, rising to Senior Partner. His professional journey is a testament to his expertise, with tenure at renowned companies such as Wired Magazine, Razorfish, and Sapient, where he collaborated with influential Fortune 500 brands like Visa, Verizon, Clorox, Unilever, and Hewlett-Packard. Kristian founded  The Montgomery Group, a boutique search firm., specializing in senior marketing and media placements. He holds a B.S. in Microeconomics from the University of Oregon. Support the Show.Jill Griffin helps leaders and teams thrive in today's complex workplace. Leveraging her extensive experience to drive multi-million-dollar revenues for brands like Coca-Cola, Microsoft, Samsung, and Hilton Hotels, Jill applies a strategic lens to workplace performance, skillfully blending strategy and mindset to enhance productivity, teamwork, and career satisfaction across diverse organizations. Visit JillGriffinCoaching.com for more details on: Book a 1:1 Career Strategy and Executive Coaching HERE Gallup CliftonStrengths Corporate Workshops to build a strengths-based culture Team Dynamics training to increase retention, communication, goal setting, and effective decision-making Keynote Speaking Grab a personal Resume Refresh with Jill Griffin HERE Follow @JillGriffinOffical on Instagram for daily inspiration Connect with and follow Jill on LinkedIn

Ryan Bourne is the R. Evan Scharf Chair for Public Understanding of Economic at the Cato Institute, and he is also the editor and contributor to a new book titled, *The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy.* Ryan joins Macro Musings to talk about this new book, and specifically, the history and functionality of rent and price controls, the basics of dynamic pricing, the root causes of inflation, and a lot more.   Transcript for this week's episode.   Ryan's Twitter: @MrRBourne Ryan's Cato profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server!   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Created Bad Policy* by Ryan Bourne et al.   *I, Pencil* by Leonard Read   *Forty Centuries of Wage and Prices Controls: How Not to Fight Inflation* by Robert Schuettinger and Eamonn Butler   *Shock Values: Prices and Inflation in American Democracy* by Carola Binder   Timestamps:   (00:00:00) – Intro   (00:01:05) – The Background Motivation for “The War on Prices*   (00:06:32) – The Definition and Importance of Prices   (00:12:41) – The Parable of “I, Pencil”   (00:18:39) – Rationing on Quality or Quantity: Rent Control   (00:26:39) – The World War II Experience with Price Controls   (00:32:58) – Price and Wage Controls During the Nixon Administration   (00:35:48) – The Effects of a Minimum Wage   (00:38:38) – The Basics of Dynamic Pricing   (00:44:03) – Defining Inflation and Establishing its Sources   (00:56:08) – Was the Recent Inflation Surge Actually Optimal?   (00:59:51) – Outro

You may have heard of macroeconomics vs microeconomics. These foundational topics are crucial to understand in the field of Economics. Also, they play an important role if you are making decisions based on economic trends.  Jose Torres, Interactive Brokers' Senior Economist joins Cassidy Clement, Senior Manager of SEO and Content to discuss.

In this episode, our guest Maarten Janssen helps us to explore the field of consumer (online) search. We discuss why economists are particularly interested in this topic and explore the reliability and dynamics of sponsored search results, uncovering the nuances and implications of these prevalent online phenomena. The insights from Maarten's research (which he conducted together with Thomas Jungbauer, Marcel Preuss and Cole Williams on one paper and with Eeva Mauring on another paper) shed light on the complex interplay between consumer behavior, search algorithms, and market dynamics.   Maarten Janssen is Professor of Microeconomics at the University of Vienna. In addition to his role at the University, he is a fellow of the Centre for Economic Policy Research, a member of the Royal Holland Society of Sciences and Humanities, a research associate at the Centre for European Economic Research (ZEW), and an academic affiliate at CEG Europe. Apart from consumer search, his research focusses on auctions and markets with asymmetric information. For more information about Maarten's work and to read his papers, visit his homepage here and check out his paper on sponsored search positions.

This week's guest on the show is Eric Mason. Eric is a CFO, an economist, and a TEDx speaker. He is the current Chief Financial Officer for Quincy, Massachusetts. where he provides direct analysis of all economic and financial forecasting to the Chief Elected Official. He has an academic background in economics and has worked extensively in the field, with a focus on analytics and public policy. He teaches Principles of Microeconomics as an adjunct instructor at WVU John Chambers College of Business and Economics. Eric joined us today to talk about the current state of the economy in the US. Join us as we dive into Eric's take on the current economic state, where it's headed, what he expects to happen in the economy over the next 12 to 24 months, his take on federal debt, and more.  [07.00] National economy – Grant and Eric start off the conversation by discussing Eric's career journey and his perspective on the present state of the national economy. [16.04] Economic forecasts – Grant and Eric talk about how people make irrational economic decisions based on forecasts. [21.50] Austrian School of Economics – Eric explains the Austrian School of Economics and how it is different from others. [28.05] Capitalism – Grant and Eric discuss capitalism and its beauty. [35.40] National debt – Eric shares his perspective on the US national debt and the US dollar as the dominant currency in the world. [42.25] Threat – Grant and Eric discuss the threat of high interest-rates due to the US national debt of $33 trillion. [49.36] FOMC – Eric explains his perspective on the ability of the Federal Open Market Committee to use balance sheet positions from the Federal Reserve to generate debt.   Resources theinformaleconomist.com/

In this section of Mike Winther's class on Biblical Principles of Government. Mike dives into economics with the goal of making economics useful to us. We explore the strategies communist leader Khrushchev purportedly advocated for undermining our economy through the gradual introduction of socialism.  Mike emphasizes how societal readiness for change often emerges from discontent with the current state of affairs, suggesting that instigating dissatisfaction is a precursor to change. The lecture covers both microeconomics and macroeconomics, with Mike providing a tangible example of microeconomic principles at play on a deserted island. He discusses concepts such as capital, tools, and surplus production, underscoring the notion that there is nothing inherently wrong with seeking to improve one's standard of living—a pursuit even encouraged by the Bible.  Furthermore, Mike addresses the topics of exchange, trade, specialization, and the capacity to fulfill the needs of a community. It's possible that this lecture is even more relevant now, then when it was first given.    You'll Learn: [01:11] You can accomplish a lot if you don't care who gets the credit. You can accomplish a lot if you're not in too big of a hurry. [01:36] Being fed small doses of socialism until we wake up and find out we already have communism. [02:01] There are groups and individuals who intentionally want to weaken the economy.  [03:01] People accept change when things aren't going well. You have to have a problem in order to be able to implement a solution. [03:38] If you want to make change, you have to make it so things aren't going well. [03:54] Economics comes from two Greek words which means the law of the house. It's the policies of running the house. [04:35] Microeconomics or the economics of a household or firm or something small. [06:38] Macroeconomics is the study of something bigger like a whole nation. [07:17] Market friendly econ schools will want you to take microeconomics first. Big government leaning schools will want you to take macroeconomics first. [08:30] Understanding the principles of microeconomics, a student won't fall for the big government macroeconomics. [15:51] Means of production: Capital or tools. Capital is also excess production. [21:47] There's nothing wrong with material wealth or improving your standard of living. [26:51] Specialization matters. We can't have specialization without trade. [30:59] Trade without money is called barter.  [36:19] As the island grows bartering becomes a problem, because the trade overhead is too high. [39:29] Money needs to be durable and divisible. [43:44] Inflation is an increase in the money supply. As the money supply increases, prices go up. [48:36] Intrinsic value or something that will always have value. [50:21] There's no inherent scarcity in paper money. Governments can print more of it. [55:26] Inflation is like stealing.  [56:25] 1st Samuel chapter 8: When the king demands 10% you will be slaves. [59:46] Economic issues are moral, ethical, and biblical issues.   Your Resources: Books to browse Biblical Principles of Government (1a) Biblical Principles of Government (1b) Biblical Principles of Government (2a) Biblical Principles of Government (2b) Biblical Principles of Government (3a) Biblical Principles of Government (3b) Biblical Principles of Government (4a)

John Hairston returns to discuss what BPA is doing to navigate an era of transmission expansion for the grid.John Hairston, the CEO and Administrator of the Bonneville Power Administration, shares his enthusiasm for transmission and people in an interview with Paul Dockery and Crystal Ball. The interview is wrapped in informative discussion on energy industry news, research, and reflection by Ahlmahz Negash, Conleigh Byers, Farhad Billimoria, and Paul Dockery. You can find the podcast on Apple Podcast, Spotify, or wherever you get your podcasts. Share with friends that are energy enthusiasts, like us!01:36 - How transmission is addressed in seminal textsPower System Economics: Designing Markets for Electricity by Steven Stoft Imperfect Markets and Imperfect Regulation: An Introduction to the Microeconomics and Political Economy of Power Markets by Thomas-Olivier Léautier05:23 - Short-to-Ground; a segment where we blow a fuse covering the news.Wednesday February 28th the Federal Energy Regulatory Commission hosted the eighth public meeting of the Joint Federal-State Task Force on Electric TransmissionRob Gramlich and his team at GridStrategies released a report in February titled “Fostering collaboration would help build needed transmission”Utility Dive published an opinion piece by Will Kenworthy and Boratha Tan titled “Advancing energy justice: A new paradigm in grid equity and reliability analysis”The Bonneville Power Administration identified 14 new transmission projects costing an estimated $3.9 billion in its 2023 TSR Study and Expansion ProcessThe Australian Energy Market Commission (AEMC or Commission) has released a draft determination on a 'flexible trading' ruleThe Western Transmission Expansion Coalition announced the members of its Regional Engagement CommitteeSpot market power in the U.S.Wholesale spot prices for the National Electricity Market (NEM)Energy Information Administration's Natural Gas Weekly Update17:17 - John Hairston's interview with special-correspondent Crystal Ball41:00 - John Hairston's analogy; the electric system is like golf45:24 - Crystal Ball's analogy; the electric sector is evolving like the eras of Taylor Swift1:17:33 - Updating our priorsRisanger, Simon, and Jacob Mays. "Congestion risk, transmission rights, and investment equilibria in electricity markets." The Energy Journal 45.1 (2024). Baker, Erin, et al. "Who is marginalized in energy justice? Amplifying community leader perspectives of energy transitions in Ghana." Energy Research & Social Science 73 (2021): 101933.1:15:22 - ESA (Energy System Analogies) World Cup StandingsPublic Power Underground, for electric utility enthusiasts! Public Power Underground, it's work to watch!

There is a mathematical aspect to economics, but it's not the fundamental core. Mathematics is just about taking what we observe and know and reducing it to a formula. The underlying principles of economics are actually the fun part and not mathematically oriented. Mike Winther focuses on these underlying principles in this lecture. He spends the first part teaching us economics. The best way to learn is to teach, and his focus for the next part of this lecture is teaching us how to teach economics. The rules of how you run a household, business, or nation is the study of economics. Mike kicks things off talking about micro and macro economics as he helps increase our understanding while making economics fun.    You'll Learn: [01:36] Economics or the rule or law of the house. [03:03] Microeconomics is the study of a household or a business or industry. Macroeconomics is the economics of an entire industry or nation. [04:42] How economic and fiscal issues are also moral issues. [08:45] The concept of capital. It's a means of production. It's also excess production or profit. [11:58] How productivity is a spiritual and economic obligation. [17:48] We are better off having more goods and services, not more money. [23:31] The free market where people buy and trade at will. [24:42] Socialism was prescribed and advocated by Karl Marx. Communism is a subset of socialism. [28:02] Degrees of free market versus degrees of socialism. [28:31] Socialist capitalism is called monopolistic capitalism. The free market is competitive capitalism. [28:52] With capitalism both parties benefit from any voluntary exchange. [33:09] God ordains and speaks highly of private property and ownership. [36:01] Karl Marx steps to socialize a nation. A lot of them have to do with property rights. [37:27] Some of the steps include abolition of property and land, a heavy progressive or graduated income tax, abolition of all right of inheritance, confiscation of property, centralization of credit, centralize transportation, factories and production owned by the state, organized workforces, redistribution of the population, free education for all children. [42:23] How socialism is actually incompatible with nature. [47:16] Inflating the currency reduces the value of people's savings. [47:48] If we increase the money supply by 10%, prices will go up by 10%. [48:17] Milton Friedman and The Chicago School of Economics. [48:42] The Austrian School is the most free market school of economics. [49:13] Time to talk about teaching economics. If we want our kids to learn this, we need to be interested in it ourselves. [50:00] An example of teaching kids the idea of mutual benefit. [57:39] Socialism is redistribution of wealth.   Your Resources: Books to browse Five Principles By Michael Winther Biblical Economics The Creature from Jekyll Island

This week JD chats with guest Christopher Stiffler. Chris is an economics professor, comedian, and author of, Economics In-Other-Words: What your boring economics professor tried to teach you. Topics discussed include but are not limited to: cowboy poetry, microeconomics, and wrestling. Please like, subscribe, rate, review, and tell a friend.Follow LHRB on Facebook, Instagram @lefthandrightbrain, Twitter @LHRBpodcast, or just hit us up old school on the website lefthandrightboainpod.comGet tickets for Comedy Saved The Video Star!Check out all the other podcasts on The Mile High Life Network!

“Members are willing to adopt new technology in a way that is convenient for them.” - Nelson FisherThank you for tuning in to episode 72 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.My guest on today's show is Nelson Fisher, Director of Product Development at Co-op Solutions. Nelson shares his career journey that led him to his current role. Co-op Solutions partners with credit unions to deliver member-centric and digital-first services designed to improve operational efficiencies and the member experience. They continue to focus on serving credit unions to improve efficiencies, drive growth, and make data-informed decisions. During our conversation, Nelson and I chat about building more member-centric services. He shares perspectives about growth in the credit union industry and delves into research on the micro and macroeconomic environment. Listen as Nelson talks about insights on the psychology of spending behavior, digital maturity, and member engagement.As we wrap up the episode, Nelson talks about his interest in music, his admiration for his wife, and his favorite things about the Bay Area. Enjoy my conversation with Nelson Fisher!Find the full show notes on cuinsight.com.Connect with Nelson:Nelson Fisher, Director of Product Development at Co-op Solutionsnelson.fisher@coop.orgcoop.org/Nelson: LinkedIn Co-op: LinkedIn | Twitter | YouTube

The study of economics is often viewed as a battle between two worldviews. Proverbs 11:1 underscores this, stating, "A false balance is an abomination to the Lord, but a just weight is his delight." This verse not only condemns dishonesty but also accentuates the importance of integrity. This theme is a central focus in this lecture by Mike Winther on basic economic principles. Economics becomes particularly fascinating when viewed in the context of this larger conflict. Mike presents a perspective distinct from the common narratives on energy policy, healthcare, prices, and recession found in the news. The Bible offers solutions to our current economic challenges, and Mike discusses the benefits of understanding and embracing a biblical worldview.   You'll Learn: [00:41] Proverbs 11:1 The lord abhors dishonest scales. Accurate weights are his delight. [01:26] We are battling between honest weights and measures and dishonest weights and measures. [01:47] What if you or someone you knew had the solution to America's healthcare crisis?  Would it be important for society to know these solutions? [02:31] The Bible contains the economic solutions for all of our current problems. [03:35] Mike talks about why the biblical worldview isn't taught frequently enough from the pulpit. [07:26] Parents need to be hands on with what their kids are being taught.  [09:52] Economics is an evangelistic field of study. Every academic discipline is a field for evangelism. [10:59] The invisible hand is God. [11:53] Economics is really the rules of the house. Economics is the study of property. It's the study of resources.  [15:11] Are money issues moral issues? [16:54] Microeconomics is the study of economics related to a household or business. [17:23] Macroeconomics is the study of an entire economy. Economic laws and truths apply in both fields. [19:43] Mike talks about scarcity and supply and demand. [20:06] Capital is the key to the study of economics. It's the means of production. It can also be excess production. [22:53] Excess production is profit. [23:48] There are two broad economic systems in the world. There's the free market economy or laissez-faire. To be left alone or government hands off. [24:34] The other economic system is socialism. From each according to his ability to each according to his need. This implies a central pooling of resources. [25:36] The common pooling of resources is mandatory and forced. [27:11] Communism is a form of socialism. Karl Marx gives 10 ways on how to bring socialism to a system.  [28:11] Eight of these points have to do with the abolition and infringement of private property. [31:25] The free market system is the only system compatible with God given rights. [36:20] Economic schools of thought. Keynesian economics is really socialist economics. It's an economic model of government control. [37:01] The Austrian School of economics is the purest version of free market economics. [40:26] Who benefits from economic transactions? [42:49] Money is a key concept of economics. Money is a medium of exchange, a store of value, and a unit of measurement. [44:16] The five important qualities of money include having intrinsic value, durability, divisibility, transportability, and scarcity. [49:57] Mike talks about how inflation is a form of theft. [52:17] Supply and demand. As prices go up, businesses supply more. A lot of people will buy an affordable product. Where supply and demand meet on the curb is where the price should be.   Your Resources: Books to browse Five Principles By Michael Winther The Communist Manifesto The Revolution The Creature from Jekyll Island

Learn the business economics - the metrics that matter - for your business. Matt Reynolds dives into macroeconomics and microeconomic or unit statistics, healthy rates, and how to calculate these statistics. You don't know the health of your business if you don't know these metrics. Business Economics: Know the Health of Your Business You cannot go off how you feel about your business to know if your business is doing well. The reality is real, and if you fail to know the economic realities of your business, the economic realities will confront you when abject failure slaps you in the face. It's okay, though. Even if the metrics are bad or trending in the wrong direction, have a true, clear picture helps you identify problems and where you need to put your energy and effort to turn things around. If your waist goes up month after month, you're getting unhealthier, whether you're measuring it or not. These metrics give you an objective measuring standard to assess your business' health. Business Economics: Metrics that Matter for Your Business Matt goes through each metric one-by-one. First, though, here are the metrics, organized into macroeconomic or business-level and microeconomic or unit-level. Macroeconomic (business-level) top line revenue cost of goods gross margin or gross profit operating expenses net profit Microeconomic (unit-level) churn rate (or retention rate) number of subscribers average ticket price lifetime value of client (LTV) per gross revenue per gross margin/profit customer acquisition cost (CAC) CAC:LTV ratio (as gross margin) monthly recurring revenue (MRR) Business Economics: Macroeconomic Metrics that Matter The first and easiest metric to calculate is top line revenue. This is the money that is coming in over a period of time, typically calculated monthly (and eventually quarterly and annually - though quarterly and annual numbers matter more for larger businesses). Whether you're looking at Stripe, ACH, the business bank account, this is simply calculating all the incoming money in a month. The cost of goods is the cost to produce the good itself. So, for producing a product, this is the cost of materials you purchase that go into the item and costs such as shipping. For a service business such as Barbell Logic, this looks like the pay to the 1099 contractor coaches per client. You calculate gross margin or gross profit by subtracting the cost of goods from top line revenue. Next, you need to identify operating expenses. These are things that are required for the business but not directly related to producing the individual service or good. This might be payroll for full-time employees, printer ink, paying for a new computer, squat racks, or taking a client to lunch. The last critical business-level metric to determine is your net profit. You calculate this by subtracting your operating expenses from your gross profit. This is truly how much money the business is making each month. If you're a one-man team, then you get paid from this. If you lose money, you don't get paid. As the owner or CEO, though, while you get paid last you also get fired last. Business Economics: Microeconomic Metrics that Matter Calculate your churn rate. This is the percentage of clients you lose each month. The retention rate is the opposite (100% - churn rate). Next note your number of subscribers. Matt says subscribers, because a customer who makes a one-time purchase (a one-time coaching session or purchases one widget) does not lead you to know what your recurring revenue is. You don't have recurring revenue in this situation. Next know your average ticket price. What are your subscribers paying each month on average. The number of subscribers multiplied by average ticked price equals your monthly recurring revenue (MRR). An important statistic to calculate is your lifetime value of client (LTV - especially at gross margin). The first thing you need to do is calculate the average customer lifespan. Divide 100 by the churn rate. So, for example, if you have 10% churn your average customer lifespan is 10 months. Below are more business economics metrics. MRR x average customer lifespan = LTV (at gross revenue) LTV (at gross revenue) x gross margin = LTV (at gross revenue) Calculate your customer acquisition cost (CAC) by adding together all efforts to acquire customers. This includes marketing, sales, ads, and content you produce to market (e.g. you create a weekly newsletter, podcast, or maintain a YouTube channel). The CAC:LTV ratio is important. 1:2 ratio is considered unhealthy or unsustainable. 1:3 is considered healthy. If your ratio  is significantly less than 1:3 (e.g. 1:28) you should likely spend more money to acquire customers. These are the metrics that matter to your business. These are your business economics. Get Matched with a Professional Strength Coach today for FREE! No contract with us, just commitment to yourself: Start experiencing strength now: https://store.barbell-logic.com/match/ Connect with the hosts Matt on Instagram Niki on Instagram Andrew on Instagram Connect with the show Barbell Logic on Instagram Podcast Webpage Barbell Logic on Facebook Or email podcast@barbell-logic.com

Kristian Schwartz spearheads The Montgomery Group, a boutique search firm he established, specializing in senior-level marketing and media placements. Kristian is a seasoned strategic leader renowned for elevating premier brands through a blend of strategic hiring and consulting expertise. He has extensive experience working on various facets of the industry, and his professional journey includes tenure at renowned companies such as Wired Magazine, Razorfish, and Sapient, where he collaborated with influential Fortune 500 brands like Visa, Verizon, Clorox, Unilever, and Hewlett-Packard. In this episode, we discuss: Best Practices for Effective Collaboration with Executive Search PartnersThe Importance of Nurturing RelationshipsHow to find RecruitersKey Elements Sought by Recruiters in ResumesThe Crucial Role of Career StrategyAdapting Resume Requirements for Recruiters versus Applicant Tracking Systems (ATS)Mentioned on the show  Forbes List of America's Top Recruiting FirmsGet a copy of Kristian Schwartz's Win a Day HEREShow guest: Kristian Schwartz is a seasoned leader with over two decades of experience driving digital transformation and marketing initiatives. Recognizing his knack for spotting transformative talent, Kristian transitioned into executive search at Korn Ferry, rising to Senior Partner in the Integrated and Digital Marketing practice. Presently, he leads The Montgomery Group, a boutique search firm he founded, which specializes in senior-level marketing and media placements. Holding a Bachelor of Science in Microeconomics from the University of Oregon, Kristian, a dedicated father to twin daughters, enjoys activities such as cycling, cooking, and fly fishing.Follow Kristian Schwartz on LinkedIn Support the showJill Griffin is dedicated to enhancing workplace life by guiding leaders in shaping their next chapter, elevating their well-being, intentionality, and overall impact. Jill's executive coaching, strategy, workshop facilitation, and innovation have generated multi-millions in revenue for the world's largest agencies, start-ups, and well-known brands. Her strategic expertise and perceptive insights drive success for individuals and organizations alike. Jill collaborates with individuals, teams, and organizations to nurture high-performance cultures, enabling leaders to achieve growth. Visit JillGriffinCoaching.com for more details on: Book a 1:1 Career Strategy and Executive Coaching HERE Advising and Consulting Gallup CliftonStrengths Corporate Workshops to build a strengths-based culture Team Dynamics training to increase retention, communication, goal setting, and effective decision-making Keynote Speaking Grab a personal Resume Refresh with Jill Griffin HERE Follow @jillGriffinOffical on Instagram for daily inspiration Connect wit...

Dive deep into the pulse of the economy with top experts!In this special live edition episode, Ryan Detrick & Sonu Varghese chat with Alejandra Grindal, Chief Economist at Ned Davis Research. Together, they dissect the influence of macroeconomics on investment choices, unravel the pandemic's effect on inflation, consumer confidence, and retail sales, and shed light on the profound influence of the global landscape, especially China, on the US.They discuss: The correlation between the stock market and the economyThe impact of the pandemic on inflation and whether it will be a long-term or temporary effectReasons behind the low productivity growth and its potential impact on long-term economic growthThe importance of business investment for productivityHow consumer indicators can be influenced by political polarizationThe importance of considering multiple indicators before making economic predictionsThe importance of the US economy and the impact of ChinaAnd more!Resources: Website: Ned David ResearchLinkedIn: Ned Davis ResearchX: Ned Davis ResearchYouTube: Ned Davis ResearchConnect with Alejandra Grindal: LinkedIn: Alejandra GrindalConnect with Ryan Detrick: LinkedIn: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseAbout our guest:Alejandra Grindal is the Senior International Economist for Ned Davis Research Group. She is the primary person in charge of the firm's global economic outlook and is responsible for identifying global economic trends and themes, particularly as they relate to developments in equity, fixed income, commodity, and currency markets. In recent years Alejandra has been particularly focused on global demographics and labor force trends, China's economic transition, and Japan's lost decade. She joined Ned Davis Research Group in 2006. Alejandra is a member of the National Association for Business Economics, where she is co-chair of the International Roundtable. She is a frequent speaker at professional and investment conferences and her work has been cited in the financial media. Prior to joining Ned Davis Research Group, Alejandra taught Microeconomics and Macroeconomics at Florida State University during her graduate studies and then worked as a full-time professor at Santa Fe College and Edison College. Alejandra also worked in the British Parliament as a research assistant, where she participated in policy and constituent research and campaign marketing.Alejandra received her Masters degree in Economics and a Bachelor of Science degree in Economics and International Affairs, with summa cum laude and Phi Beta Kappa distinction, from Florida State University.

My guest is Sarah Jacobson, a Professor of Economics at Williams College. Sarah's research interests lie at the intersection of Environmental, Experimental, and Microeconomics. In this episode, we discuss positions at liberal arts colleges and talk about dos and don'ts for resume writing and personal websites.

This introductory episode explains the basic principles upon which microeconomics is based. Hosted on Acast. See acast.com/privacy for more information.

As new property listings surge higher and the housing market continues to recover post-COVID, how can we solve Australia's growing demand for property in the capital cities?  Here to help us tackle this giant question that pierces the heart of one of Australia's biggest upcoming issues, we're introducing an exceptional, first-time guest to the show...  Welcome Paul Ryan, REA Economist and Specialist in Housing Finance, Market Forecasting and Big Data Analysis! Before joining REA in late 2020, Paul spent a decade at the Reserve Bank of Australia conducting research on the Australian economy, focusing on housing markets, lending risks and regulatory effects on property markets. Today, we'll use his vast knowledge and incontestable passion for Macro and Microeconomics to explain how and why property investors act the way we do!  From exploring why we are moving houses less as a nation to unpacking how this upcoming period is an interesting one for property investors, we're examining the policies that dictate our actions, and the intriguing behavioural patterns and beliefs that have emerged as a result.   Thank you to Paul for sharing so much of your time, wisdom and valuable insights, we can't wait to have you back on the couch!   Seriously, give it a listen now folks

Timestamps: 05:45 - Managing uncertain paths 06:38 - Advice for companies focusing on profitability 11:17 - How to look after employees in hard times 16:13 - Convincing people to invest in uncertain times 26:14 - Advice to early startups About Philipp Stauffer, Myriam Locher & Flavio Pfaffhauser: Philipp Stauffer is the co-founder and Managing Director of FYRFLY Venture Partners, an early-stage technology venture firm. Myriam Locher is the co-CEO of Locatee, a workplace analytics solution that transforms complex data into space utilization insights. Flavio Pfaffhauser is the co-founder and CIO at Beekeeper, which is changing how frontline businesses work. Philipp has a degree in Microeconomics from the University of Applied Sciences Zurich and an MBA in finance from the Wharton School. Myriam has a bachelor's in Economics from St. Gallen, and Flavio received both his qualifications from ETH, a bachelor's and a master's in computer science. Our guests gave great insights into managing a startup, even during difficult times, and ways to navigate uncertainty, achieve profitability, take care of employees during challenging times, and adapt to changing growth patterns. They all stressed the importance of adaptability and customer-centricity, and spoke of the resilience of Swiss startups. Phillip's main insights involve the experience of transitioning from being a co-founder to becoming an investor, and he highlights how investors are not moving to the "dark side" by moving away from building the company, but instead shifting their perspective of the business world. He is now based in California with FYRFLY. Myriam, who has been involved with several startups, including DeinDeal and Star Global, has a wealth of experience in entrepreneurship. She talks about the evolving trends in the past two decades, particularly the growing necessity to seek US investments and relocate intellectual properties due to resource limitations in Switzerland, and underscores their global reputation for precision and thoroughness. Lastly, Flavio sheds light on why Switzerland is an ideal home base for entrepreneurs. He cites excellent customer referrals, access to top talent, abundant capital, and of course, Swiss chocolate! Memorable Quotes: "During hard times, having a good trustworthy team is the most important thing, and with them you should never sugarcoat the truth” - Phillip Stauffer “Taking time to listen is difficult:  it always feels like there is never enough time. But this is something you have to prioritize in order to optimize your work environment.” - Myriam Locher Don't forget to give us a follow on our Twitter, Instagram, Facebook and Linkedin accounts, so you can always stay up to date with our latest initiatives. That way, there's no excuse for missing out on live shows, weekly give-aways or founders dinners!

Chris Conlon is an associate professor of economics at the NYU Stern School of Business where he focuses on industrial organization economics and econometrics. Chris joins David on Macro Musings to help shed light on the 2021-2023 inflation surge from the perspective of an IO economist. Specifically, David and Chris discuss the great markup debate within IO economics, the shaky foundation of greedflation, the cost anticipation story of higher prices, and more.   Transcript for this week's episode.   Chris's Twitter: @conlon_chris Chris's website Chris's NYU profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *Rising Markups, Rising Prices?* by Chris Conlon, Nathan Miller, Tsolmon Otgon, and Yi Yao   Chris's Twitter thread on the recent inflationary episode   *The Rise of Market Power and the Macroeconomics Implications* by Jan De Loecker, Jan Eeckhout, and Gabriel Unger   *How Much Have Record Corporate Profits Contributed to Recent Inflation?* by Andrew Glover, Jose Mustre-del-Rio, Alice von Ende-Becker

Episode 53: On today's show I speak with the super brilliant and cool, Michael Kao, a fellow metal head and entrepreneur with over 30 years experience in money management. We speak extensively about capital structures, arbitrage, commodities, investing and our favorite metal bands. This is an enlightening discussion based on the intersection of finance, geopolitics and thrash metal! Listen and learn! Background in Markets - from Goldman Sachs to Family Office and Substacks! Entrepreneur & 4 Goals of Kaoboy Musings Substacks - https://www.urbankaoboy.com/ Capital Structures & Arbitrage Macro: FED & Inflation Liquidity & Money Supply Energy & Oil Earnings Recession Geopolitics Money: Dollar as Global Reserve Currency Markets Diversification Across Asset Classes Commodities Thoughts on Future - Economy & Markets METAL!   

In an interconnected world, the impact of various global trends is not limited to individual domains. The convergence of COVID-19, the green transition, the rise of AI, microeconomic uncertainties, and cybersecurity have created a complex landscape with challenges and opportunities. Let's explore the intricate relationship between these forces, shedding light on cybersecurity's significant role in this new era. Read more here: https://www.execcybered.com/blog/unveiling-the-intersection-the-impact-of-covid-19-the-green-transition-the-rise-of-ai-microeconomic-uncertainties-and-cybersecurity

We've experienced so much personal, social and economic disruption over the past few years. The pandemic reworked how we view some of the most fundamental and predictable aspects of our lives. How will we emerge from all of the trauma and upheaval? Our guest this week points out that part of our recovery will require us embracing the unexpected and a more high-risk world. Felix Salmon is the chief financial correspondent at Axios and hosts the Slate Money podcast. Salmon is also author of “The Phoenix Economy: Work, Life, and Money in the New Not Normal.” He joins WITHpod to discuss the potential of “phoenixes emerging from the ashes” of this moment, the interconnectedness and impact of global climate change on volatility, why he says we should acclimate to increased unpredictability and more.

Join us in this episode as we explore the rise of AI technology and the complex decisions that policy makers are facing regarding the protection of privacy and fostering of innovation. Our guest Keith sheds light on how moderately loosening regulations in a competitive market environment may maximize consumer welfare. However, we also discuss how some countries, such as Russia, strongly deviate from this strategy, indicating that consumer welfare may not be their top priority.  Keith Chan is Assistant Professor at the Hong Kong University of Science and Technology, where his research is centered on Microeconomics, Environmental Economics and Sustainable and Green Finance. You can find his paper on the tradeoff between regulations and innovation for AI here.

Technology is transforming the very nature of entrepreneurship - creating fresh opportunities for those eager to seize them. To discuss this subject, I invited Faris Alami, Founder and CEO of ISM, a leading U.S. company specializing in inspiring entrepreneurs, supporting the establishment of incubators, and building leadership programs worldwide. We delved into the potential gains offered by innovative tools and strategies for transitioning through challenges in an ever-evolving entrepreneurial landscape.

Is the perfect really the enemy of the good? Or is it the other way around? In 2008, Duke University economist Michael Munger ran for governor and proposed increasing school choice through vouchers for the state's poorest counties. But some lovers of liberty argued that it's better to fight for eliminating public schools instead of trying to improve them. Munger realized his fellow free-marketers come in two flavors: directionalists--who take our political realities as given and try to move outcomes closer to the ideal--and destinationists--who want no compromises with what they see as the perfect outcome. Listen as Munger talks to EconTalk's Russ Roberts about two different strategies for achieving political goals. Along the way, they discuss rent control, the minimum wage, and why free-market policies are so rare.

Why do firms do some activities “in house” and contract out others? British-American economist Ronald Coase gave a cogent explanation in a classic 1937 paper on the nature of the firm. Show host Gene Tunny explains to his colleague Tim Hughes how Coase's insights (e.g. the concept of transaction costs) can be applied to understand the actions of an Australian construction firm Hutchinson's deciding to employ people to do concrete formwork rather than relying on subcontractors. Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. What's covered in EP181Episode topic: What determines what activities a business does in house? [0:06]What is formwork and why does it matter? [3:29]Hutchinson's moves to bring formwork in house [8:54]When is it important to have an in-house workforce in your firm [14:42]Why you don't always contract out [20:00]What's done in house and what's outsourced? [25:03]Gig economy platforms (e.g. UpWork) [33:02]A closer look at The nature of the firm by Ronald Coase [40:56]Links relevant to the conversationCourier-Mail article on Hutchinson's decision to do its own formwork:https://www.couriermail.com.au/business/citybeat/hard-labour-hutchies-plan-to-survive-building-crisis/news-story/e3b8acc34728e49cc04d0c4b88bafc8dRonald Coase's classic article on the nature of the firm:https://onlinelibrary.wiley.com/doi/full/10.1111/j.1468-0335.1937.tb00002.xAmerican Express article on pros and cons of hiring versus outsourcing:https://www.americanexpress.com/en-us/business/trends-and-insights/articles/pros-cons-hiring-house-vs-outsourcing/CreditsThanks to Obsidian Productions for mixing the episode and to the show's sponsor, Gene's consultancy business www.adepteconomics.com.au. Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: GPT-4: What we (I) know about it, published by Robert AIZI on March 15, 2023 on LessWrong. OpenAI released a press release, research statement, and system card about GPT-4 approximately one eternity (24 hours) ago. The general public can't use it yet, but it's in the process of being rolled out to paid subscribers of ChatGPT, and via a waitlist to the API. We also got confirmation that the Bing AI (also currently rolling out via waitlist) is based on GPT-4. Here I'll try to summarize the news and boil down what we (I) know about GPT-4. Many points lifted from the discussion at lesswrong. My main takeaways: Capabilities progress is continuing without slowing. OpenAI spent a lot of time on RLHF/fine-tuning to prevent unethical use (facilitating crime, generating hate speech, etc), and they behave as if this is sufficient to solve alignment. OpenAI is no longer so open - we know almost nothing about GPT-4's architecture. Previously from OpenAI. (Just recapping the progress of the GPT series of models, feel free to skip.) AIs advance very quickly. The most impressive AI these days are large language models, including the GPT series, and they are all based on the transformer, an architecture introduced in 2017. In 2018 OpenAI released the Generative Pre-Trained Transformer (GPT), which approached natural language tasks by predicting the next token. It was especially evaluated on narrow tasks (e.g. “Is the sentiment of this user review positive or negative? [user review]. The sentiment is.”). A key technique for GPT (and all its successors) was the eponymous “pre-training”, where the AI is trained not on any particular task, but just to predict the next token in a text. This gives you access you a huge volume of training data (literally all text), while building general understanding of the world - answering factual questions is a form of token completion, so the AI needs to be able to answer those questions, etc. This pre-training built a general knowledge base, and then GPT was “fine-tuned” to individual tasks with additional training on those datasets. We know from the GPT-4 press release that OpenAI trained GPT-3.5 “a year ago”, using the same architecture as GPT-3 but with a custom-designed supercomputer and a better “deep learning stack”. While I'm not aware of publicly available comparisons of GPT-3 and 3.5, some users reported that 3.5 felt smarter, and I'm inclined to believe them. During this time, OpenAI also became interested in Reinforcement Learning on Human Feedback (RLHF). In RLHF, a human evaluates the output of the AI, and rates it on some objectives (such as “helpful and honest”), and this is used to train the AI. An RLHF'd version of GPT 3.5 was released in November 2022 under the name ChatGPT, which became somewhat popular. GPT-4 Timeline According to the research statement, GPT-4 “finished training” in August of 2022. It's not entirely clear what they mean by this, because they say they've been “iteratively improving” it since then - was this RLHF, fine-tuning, or something else? If they mean it finished pre-training, why didn't they use that term? Capabilities Improvements GPT-4 continues to improve capabilities over GPT-4 and GPT-3.5. The raw numbers are available in the paper, but I think in the long run what matters is what GPT is being evaluated on. Now, in addition to AI benchmarks like “MMLU” and “HellaSwag”, GPT-4 is being evaluated on exams that humans take. GPT-4 scored a 1410/1600 on the SAT and a 4/5 or 5/5 on the AP Art History, Biology, Calculus BC, Chemistry, Environmental Sciences, Macroeconomics, Microeconomics, Physics 2, Psychology, Statistics, US Government, US History, and US World History exams (a 3/5 is passing. GPT-4 scored only a 2/5 on {English Language and Composition} and {English Literature and Composition}). We're now in ...

昨年末、経済産業省からweb3に関する画期的なレポートが発表されました。「Web3.0事業環境整備の考え方」というタイトルが付けられた74ページにも渡るこのレポートには、基礎的なブロックチェーンに関する情報から様々なトークンの種別ごとの細かい説明までありとあらゆる情報が網羅されていました。このpdfはweb3の教科書としても使える！という声もあったほど。Joiさんも発表当時かなり興奮していろんな人に添付して送信しまくっていたのを覚えています。さて、今回は、このレポートを発表した経済産業省のweb3政策推進室から浅野大介室長にお越しいただきました。浅野さんといえば、タブレットを一人一台配るGIGAスクール構想に取り組んでいらした印象が強かったんですが、いつの間にかweb3政策に携わっていたのですね。浅野さんには、このweb3レポート編纂の裏話を沢山伺っています。また、タイトルにもあるように「冬の時代を乗り越えるためのヒント」を沢山頂戴しました。いやー、今回のポッドキャストは一時間を超える長尺ではありますが、起業や事業開発のヒントが沢山詰まっていましたよ。是非、最後までお付き合いください。【今週のトピックス】▼経産省web3推進室は、若手からのラブコールで始まった！？▼web3レポート編纂の裏側▼冬の時代の乗り越え方▼OpenAI対Bardの戦い…どちらが勝つ！？▼BitcoinでNFTが爆誕【アンケートを実施しています】番組でもお伝えしましたが、JOI ITO'S PODCASTに関するアンケートを実施しています。お答えいただいた方の中から抽選でBright MomentsのGolden Ticket Tokyoを１名様にプレゼントします。是非ご協力くださいませ。https://airtable.com/shryVexa6bUsNz2dp【編集ノート】編集ノートには毎回番組で登場した難解な用語や固有名詞などの意味や内容をまとめています。また、ETHアドレスの取得方法やNFTの確認方法についても、まとめています。ぜひご参照ください。 https://joi.ito.com/jp/archives/2023/02/13/005866.html【JOI ITO 変革への道 - Opinion Box】番組では、リスナーの皆様からお便りを募集しています。番組に対する意見はもちろん、伊藤穰一への質問があればぜひ投函ください。先日からイーサリアムのアドレス記載欄も設けました。お便りを採用させていただいた方には、番組オリジナルのNFT会員証がmintできるリンクをお送りしています。https://airtable.com/shrKKky5KwIGBoEP0【求人サイトCool Job Listの開設】番組にご出演いただいた方々と聞いている方々を結ぶプラットフォームとして、ジョブマーケットを作ってみました。今、実は仕事を探している、なんてあなた！ぜひこちらを確認してみてください。ぴったりの仕事がみつかるかもしれませんよ。https://joi-ito-podcast-jobs.super.site/【コミュニティ醸成実験について】Joi Ito's Podcastのリスナーを中心としたコミュニティを形成しています。番組という枠を飛び出して、リスナーの方々同士が交流できる場となっています。詳しくは、下記リンクをご覧ください。https://community.henkaku.org/jaこの実験に参加をご希望の方は下記リンクから参加メンバーの登録をお願いします。メンバーのダイバーシティを考慮しながら、徐々にメンバーを拡大していく予定です。参加時期がきましたら、スタッフから個別に連絡をさせていただきます。興味のある方、まずは登録だけでもしてみてはいかがでしょうか。https://airtable.com/shrbDbYUBoFgkg0tY【今週のKAMONの回答先】KAMONの回答は、HENKAKU COMMUNITYのQuestサイトで受けつけています。新バージョンのNFT会員証をゲットした皆さん、頑張って聴いて、HENKAKUを稼ぎましょう。ちなみに！KAMONを回答できるのは新バージョンを持っている人のみとなります。まだお持ちでない方は、頑張ってコミュニティに入るかおたよりを採用されるまで送り続けましょう。https://omise.henkaku.org/quests【デジタルガレージ Web3のコア人材募集中】https://recruit.garage.co.jp/fintech/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week, Karmen talks with the CEO and owner of Simon Showroom, Fifi Simon. She shares her humble beginnings on The Fashion Channel (now QVC) and driving around with hundreds of thousands of high-end merchandise in her Ford Fairmont. Fifi shares her thoughts on entrepreneurship and microeconomics with a bird's eye view of the fashion industry. Fifi and Karmen dive into the functionality and authenticity of the beautiful brands she represents in her showroom; the iconic IRO leather jacket, the perfectly flattering Delfi dress and the evolution of AMO's "classic with a twist" vibe. Listen in to learn business wisdom and behind the scenes stories of designers in the fashion world. Connect with Karmen and A Line:aline-online.comIG: @alineboutique@karmenberentsenCheck out Karmen's memoir Learning to Fly, here.https://www.amazon.com/Learning-Fly-Memoir-Karmen-Berentsen/dp/1735235008

The mark of a truly good teacher is when their former students invite them as experts on their podcasts" - Plato [citation needed] The Simblified gang (minus Tony) taps into the expertise of Srikeit's former professor, Ashish Kulkarni to 'simblify' the world of economics.Ashish, an engineering dropout turned Econ PhD, talks to us about how economics principle  govern every micro aspect of our lives yet the way the subject is taught in India drives people away from it. We also discuss how movies and popular culture subtly point to the prevailing economic conditions of the time and delve into the indicators and implications of a potential upcoming recession.So please tune in to this absolute beauty of a double episode. You can follow Ashish and his musings on Econforeverybody.com We'd love to hear from you and even have you on the podcast! If you'd like to get in touch, say hello on our shiny new email ID, simblified.podcast@gmail.com. We promise to read and reply to every mail, even spam. Especially spam. Add one part news, one part bad jokes, one part Wikipedia research, one part cult references from spending too much time on the internet, one part Wodehouse quotes, and one part quality puns, and you get Simblified.A weekly podcast to help you appear smarter, to an audience that knows no less! Your four hosts - Chuck, Naren, Srikeit, and Tony attempt to deconstruct topics with humor (conditions apply). Fans of the show have described it as "fun conversations with relatable folks", "irreverent humor", "the funniest thing to come out of Malad West" and "if I give you a good review will you please let me go".Started in 2016 as a creative outlet, Simblified now has over 200 episodes, including some live ones, and some with guests who are much smarter than the hosts. Welcome to the world of Simblified!You can contact the hosts on:Chuck: twitter.com/chuck_gopal / instagram.com/chuckofalltradesNaren: twitter.com/shenoyn / instagram.com/shenoynvTony: twitter.com/notytony / instagram.com/notytonySrikeit: twitter.com/srikeitSee omnystudio.com/listener for privacy information.

The independence of newsrooms and the free press is intimately tied to who funds the media outlet in the first place. To understand the pressures under which newsrooms function, it is important to understand the microeconomics of the news business. The costs and revenue streams of newsrooms provide an insight into the freedom enjoyed by the media in our democratic republic.In this episode of All Things Policy, Shrikrishna Upadhayaya hosts Sachin Kalbag, who has vast experience in running newsrooms, to discuss the importance of media freedom, business models of newsrooms, the alternative offered by subscription-based models, and the role of public broadcasters.You can follow Shrikrishna Upadhayaya on twitter: https://twitter.com/shrikrishna5You can follow Sachin Kalbag on twitter: https://twitter.com/SachinKalbagCheck out Takshashila's courses: https://school.takshashila.org.in/You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at https://shows.ivmpodcasts.com/featuredDo follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.https://twitter.com/IVMPodcastshttps://www.instagram.com/ivmpodcasts/?hl=enhttps://www.facebook.com/ivmpodcasts/Follow the show across platforms:Spotify, Google Podcasts, Apple Podcasts, JioSaavn, Gaana, Amazon Music Do share the word with your folks!See omnystudio.com/listener for privacy information.

From Freakonomics radio:The banana used to be a luxury good. Now it's the most popular fruit in the U.S. and elsewhere. But the production efficiencies that made it so cheap have also made it vulnerable to a deadly fungus that may wipe out the one variety most of us eat. Scientists do have a way to save it — but will Big Banana let them?

We are very excited to have Needham & Company's Matt McGinley once again on the High Rise to give all of us a well rounded breakdown on the state of the industry.  This episode is probably our longest one yet and for good reason, Matt helps Cy and Emily cover A LOT of ground from legacy market headwinds, emerging market tailwinds, taxes, margin progression, inflation impacts, financial highlights from practically every major MSO in the game, and other bits & bips. Clear your mind and schedule for this one, you won't want to miss a single data point!https://www.linkedin.com/in/matt-mcginley-4827516/https://www.needhamco.com/team_members/matt-mcginley

From Planet Money:In 1976, Jimmy Carter made a campaign promise: I'm giving dairy farmers a break. And after he won, he set out to raise the price of milk. But that's easier said than done. The government couldn't just buy milk. They had to buy something storable that used a lot of milk. So the government started buying up as much cheese as people wanted to sell at the new price. The government wound up spending a lot of cheddar on a lot of cheddar, billions of dollars. Eventually, they bought so much cheese, they had to rent caves to store it all. And when they started giving it away, they unintentionally created a cultural phenomenon: ""Government cheese"" shows up in comedy sketches, songs, even a cooking show by Martha Stewart and Snoop Dogg. Today on the show, how a well-intentioned program to help out farmers turned into a slow-moving economic trainwreck... and some pretty tasty cheese.

As Willard Smith once famously said, it's summertime. It was just the summer solstice, but more importantly, today I had a peach so juicy I had to eat it over the sink. How does a hip-hop head mark the changing of the seasons? In our case, we switch up the playlist. In the intro segment our hosts recommend some summery songs. Next up we have an interview with Bay Area underground rapper L*Roneous Da Versifier, who has been in the rap game for decades and remains a vital artist. Tune in to hear about the Bay Area's unique and inclusive hip-hop community, L*Ron's approach to writing, and much more. Beats this week were submitted by Deep Search Collective and we appreciate the contribution. DBRP is a proud part of the Stony Island Audio podcast network, a strong team of hip-hop lifers and assorted creatives with a mission to inform and entertain you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mainstream economics, says author Diane Coyle, keeps treating people like cogs: self-interested, rational agents. But in the digital economy, we're less sophisticated consumer and more monster under the influece of social media. Listen as the economist and former UK Treasury advisor tells EconTalk host Russ Roberts how, for economics to remain relevant, it needs both more diverse methodologies and more engagement with the broader issues of the day.

She filed to run for Mayor of Charlotte on February 24, 2022. She is running on a platform to inspire and implement transformative legislative reform and participatory leadership. The thrusts for her campaign further demonstrate her commitment through her platform: “See WE E.VO.L.V.E.,” with “evolve” being acronymous for E.very V.ictory for O.ne L.ends V.ictory to E.veryone and #WeMayorTogether. Tigress was born in Greensboro in 1976. She attended the highly impactful James B. Dudley High School, graduated in 1994, and began her secondary academia at UNC Chapel Hill. She holds a BS in Agricultural Education and Environmental Science with a specialization in Swine Husbandry and Wetland Bioremediation, a MS in Agricultural Economics and Rural Development focusing on the same undergraduate specialization, and is currently a PhD Candidate in Energy and Environmental Systems and Economics and completing her final year in law school to earn her Juris Doctor. Throughout her academic and professional career and life, she has served local and national communities through male and female youth mentorship, women's empowerment and homelessness intervention and prevention programs, inmate advocacy and reentry assistance and many other philanthropic endeavors. She has remained so steadfast and loyal in her commitment to local and national communities and implemented effective measures to address these issues and many others that the communities she's served nicknamed her “Queen Get ‘Er Done.” Tigress is a doctoral Environmental Scientist and Economist, and soon-to-be licensed attorney. Considering all of the pressing issues that Charlotte is facing like Environmental Sustainability, Climate Change, air and water quality, affordable housing, fit premises and mold legislation, Macro and Microeconomics of Small Business Viability and economic expansion without compromising the greater good of Charlotteans, community oneness and race relations, the behavioral psychology of police brutality, crime prevention and intervention, amongst other issues, Tigress' interdisciplinary expertise best positions her to serve Charlotte at large. Tigress checks all the boxes.™ https://www.seetigressrun.com/ --- Support this podcast: https://anchor.fm/bj-murphy9/support

Discover how runaway inflation is impacting investing, wealth and the psychology of Americans. Economist Jay Prag joins Andy to discuss the likelihood of reversing inflation with a recession. SHOW NOTES: 6:06: How Is The Fed Fueling Inflation? 11:39: Why Has Economy Not Entered Hyperinflation? 20:54: How Does The Ukraine War Impact Inflation? 26:05: How Does The Fed Behave Like An Addict? 35:05: How Will The Dollar's Role Change? 41:10: How Is Russia's Gold Purchasing Impacting The Global Economy? 44:43: How Do You Financially Plan For Inflation & Recession? 49:54: Why Are So Many Americans Embracing Socialism? 51:06: Is MMT A Failure? 54:56: What Is The Future Of Crypto? 1:06: Why Is The Economic Outlook For 2022 So Uncertain?

My guest today is Edmund McCormack. Edmund is the founder and managing partner of Dchained, a multi-strategy hedge fund that combines fundamental analysis to maximize risk-adjusted investments in emerging blockchain leaders.Unless you've been living under a rock, you're aware of bitcoin, NFT's, and cryptocurrencies. You might be wondering how people are getting rich as well as losing their life savings investing in this sector. In this episode we discuss:The history and the future of cryptoIs Bitcoin a currency or a platform?What is the blockchain?Why cryptocurrency is so volatileHow to open an account and start trading cryptoThe 3 most exciting new crypto investmentsHow macroeconomics impacts crypto and vice-versaWhat is an NFT?Is Bitcoin digital gold?and much more...-----------------------------Subscribe on Apple PodcastsSubscribe on SpotifyFollow on FacebookFollow on Instagram-----------------------------About EdmundEntrepreneurial executive leader with a broad range of experience providing strategic direction, business planning and management oversight for developing and executing short, mid and long-term corporate strategies. Track record of developing & executing effective revenue & operational frameworks to scale growth at organizations. Natural ability to develop high-quality, long-term, and growth-focused client partnerships and build high-performing teams motivated to achieve growth initiatives.Dchained YouTube Channelhttps://www.youtube.com/c/DchainedWebsitehttps://dchained.com

Steve Bannon and Jack Maxey are joined in studio by Curtis Ellis to discuss the shutdown of Italy. Calling in is Maria Luisa Rossi Hawkins to highlight the situation on the ground in Italy. Also calling in is Christopher Balding to discuss the microeconomics of China and the virus.