Podcast appearances and mentions of ryan bourne

In this episode, Dan Hugger speaks with Ryan Bourne, R. Evan Scharf Chair for the Public Understanding of Economics, and Alex Nowrasteh, VP for Economic and Social Policy Studies, both at the CATO Institute, about all things DOGE. What does efficiency mean in the context of government? What has DOGE been doing? Is its process […]

The so-called Department of Government Efficiency is great branding. Who could be against a more efficient government? But “efficiency” obfuscates what's really happening here.Efficiency to what end? Elon Musk, President Trump and DOGE's boosters have offered various objectives — cutting the deficit, eliminating fraud and abuse, creating a leaner and more responsive government. But DOGE's actions in the past two months don't seem to align with any of those goals.Santi Ruiz is a senior editor at the Institute for Progress and the author and host of the “Statecraft” podcast and newsletter. He's to my right politically and had higher hopes, at first, about DOGE's efforts, but he's now grappling with the reality of what it's actually doing.This episode contains strong language.Mentioned:“50 Thoughts on DOGE” by Santí Ruiz“How to Defend Presidential Authority” by Santí Ruiz“The Anti-D.E.I. Crusader Who Wants to Dismantle the Department of Education” by Ross DouthatBook Recommendations:Stalin's War by Sean McMeekinBack from the Brink by Peter MoskosPower And Responsibility by Romano GuardiniThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris with Mary Marge Locker and Kate Sinclair. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our executive producer is Claire Gordon. The show's production team also includes Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Switch and Board Podcast Studio, Ryan Bourne, Rohan Grey, Don Moynihan, Quinn Slobodian and Jennifer Pahlka. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

California wildfires are not yet fully contained, and the policy choices that led to the death and destruction deserve examination. Cato's Ryan Bourne and Steve Slivinski break down how California can improve as it rebuilds. Hosted on Acast. See acast.com/privacy for more information.

The Department of Government Efficiency (DOGE) has been tasked with identifying regulatory and spending reforms to shrink government. The new report for the informal agency from the Cato Institute identifies trillions in spending cuts and other reforms. Cato's Alex Nowrasteh and Ryan Bourne detail the substantial spending and regulatory cuts. Hosted on Acast. See acast.com/privacy for more information.

Introduction: Caleb O. BrownMustafa Akyol and Doug Bandow on the power of common ground between Jewish and Muslim peopleBrian Blankenship on burden sharing in the NATO allianceRobert R. Redfield and Ryan Bourne on the global pandemic response and its economic outcomesEmily Ekins, Scott Lincicome, and Caleb O. Brown on how many Americans misunderstand the cost of protectionismExclusive: Gene Healy on the new foreword for his book, The Cult of the Presidency Hosted on Acast. See acast.com/privacy for more information.

Send us a Text Message.What's in a price? Good question. How can you be “enslaved” to something like a price, to something that doesn't eat, sleep, or breathe? Good question. What does it mean to wage a war against this inanimate enslaver? Good question. Join me today with Ryan Bourne, the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato institute. Bourne paints a picture of a bloodless yet economically catastrophic war. It's one which leaves us vulnerable as the weapons of the market (dollars) diminish in our pockets (inflation) and the state of war (price controls) depletes the quality and quantity of our conquests (market interactions) until they are vastly inferior to the opposition's (free markets). Want to explore more?Russ Roberts, Where Do Prices Come From? at Econlib.Michael L. Davis, Price Gouging is Fine, but Humans are Better, at Econlib.Michael Munger on John Locke, Prices, and Hurricane Sandy, an EconTalk podcast.Rosolino Candela, Can Price Controls Fight Inflation? at Econlib.Michael Cannon on Prices and Health, a Great Antidote podcast.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Ryan Bourne is the former head of public policy at the Institute of Economic Affairs in the United Kingdom, an economist at the Cato Institute, and editor and contributing author of the new book The War on Prices.  Book at: mightyheaton.com/featured

In this episode, Susan Pendergrass speaks with Ryan Bourne, the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato Institute and editor of the book "The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy." They discuss the effects of price controls, recent interventions in the economy, how to remind people about free market principals, and more. Ryan Bourne occupies the R. Evan Scharf Chair for the Public Understanding of Economics at Cato and is the author of the recent books Economics In One Virus, and The War on Prices. He has written on numerous economic issues, including fiscal policy, inequality, minimum wages, infrastructure spending, the cost of living and rent control. Produced by Show-Me Opportunity

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

Alex speaks with Ryan Bourne as he explores the misconceptions around inflation and the dangers of price controls, emphasizing how prices act as signals to coordinate economic activity and promote growth. Ryan explains the adverse effects of government intervention in setting prices, such as shortages, quality declines, black markets, and inefficient resource allocation. Episode Notes: - Ryan's book that serves as the basis for most of the discussion: https://a.co/d/6B4n1Uf  - Summary of Friedman, Monetarist School and the K-percent rule https://www.investopedia.com/terms/m/monetarism.asp#:~:text=In%20his%20book%2C%20%22A%20Monetary,a%20fixed%20percentage%20per%20year.  - Explanation of greedflation: https://cssh.northeastern.edu/what-is-greedflation-and-is-it-driving-higher-prices/  - Kahneman and Thaler's research: https://www.jstor.org/stable/1806070  - Clemens on minimum wage  https://econweb.ucsd.edu/~j1clemens/pdfs/ClemensMinWageCatoPolicyAnalysis867.pdf 

Join my conversation with Ryan Bourne, chair of economics understanding at Cato Institute and editor of the book The War on Prices, on the latest Let People Prosper Show podcast.  Like, subscribe, and share the Let People Prosper Show, and visit vanceginn.substack.com and vanceginn.com for more insightful content.

On Episode 50 of the D.C. Debrief, host John Stolnis speaks with CATO Economics Expert Ryan Bourne, Editor of the new book "The War on Prices: How Popular Misconceptions About Inflation, Prices, and Value Create Bad Policy, as they take a deep dive into why prices are so high and some of the wrong-headed thinking that often perpetuates the problem. Also on this week's Debrief: The International Criminal Court issues a warrant for Israeli Prime Minister Benjamin Netanyahu's arrest, as well as Hamas leaders Three countries officially recognize a state of Palestine Backlash by some against prayers of mourning for Iranians following the death of President Ebrahim Raisi Hearings on lowering food prices, reducing highway deaths, antisemitism on college campuses, ATF overreach, Zelle scams, and how national defense is utilizing artificial intelligence Kenya White House State Visit The DOJ sues Live Nation The politics of gas prices The latest on the 2024 presidential race Follow the link to the D.C. Debrief home page at CBNNews.com!

My key takeaway from our guest (Ryan Bourne from the Cato Institute) on this week's episode is that policy mistakes that adversely impact the free markets happen for a variety of reasons:Misread of dataPoor use of policy toolsPolitical motivationNational Security interests Whatever the reason, the consequences of policy mistakes are real for investors.  For example, […] The post 428: Velerity Wealth Update 5/15/24 appeared first on Wealth Formula.

Are the prices men and women pay for similar products evidence of discrimination that calls for a heavy-handed government response? Ryan Bourne is editor of the new Cato book, The War on Prices. Hosted on Acast. See acast.com/privacy for more information.

Ryan Bourne joins Jordan McGillis to discuss his book The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy.

Tommy talks with Ryan Bourne, The R. Evan Scharf Chair for the Public Understanding of Economics at the Cato Institute. He is also the author of the recent book Economics In One Virus

Esta semana, en Islas de Robinson, suenan: CARDELINA - "LA IMAGINACIÓN AL PODER" ("FLOR DE BEREZO", 2023) / ADRIANNE LENKER - "CANDLEFLAME" ("BRIGHT FUTURE", 2024) / NAIMA BOCK - "TOLL" ("GIANT PALM", 2022) / SAM GRASSIE - "PUT THE BLOOD" ("SANDWOOD", 2024) / DAISY RICKMAN - "FALLING THROUGH THE RISING SUN" ("HOWL", 2024) / MARLENE RIBEIRO - "FOREVER" ("TOQUI NO SOL", 2023) / JANE WEAVER - "HAPPINESS IN PROXIMITY" ("LOVE IN CONSTANT SPECTACLE", 2024) / JULIA HOLTER - "SPINNING" ("SOMETHING IN THE ROOM SHE MOVES", 2024) / DANA GAVANSKI - "LATE SLAP" ("LATE SLAP", 2024) / SHIRLEY HURT - "CHARIOTTER" ("SHIRLEY HURT", 2022) / TOMATO FLOWER - "HARLEQUIN" - ("NO", 2024) / FRANCES CHANG - "DARKSIDE" ("PSYCHEDELIC ANXIETY", 2024) / RYAN BOURNE - "HOPELESS" ("PLANT CITY", 2023).Escuchar audio

Federal budget deficits are projected to remain alarmingly high for many years to come, but as Cato's Ryan Bourne notes, things that can't go on ... don't. His new paper on debt, spending, and fiscal crisis is available today. Hosted on Acast. See acast.com/privacy for more information.

Populism is a bundle of bad ideas motivated primarily by grievances. Once result is set of economic preferences that will only make the country poorer.With populism on the ballot in November, I've brought on my friend and old colleague Ryan A. Bourne to talk about the errors of populist economics. Ryan is the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato Institute, and author of one of the best books about the pandemic, Economics in One Virus: An Introduction to Economic Reasoning through COVID-19.Produced by Landry Ayres. Podcast art by Sergio R. M. Duarte. Music by Kevin MacLeod. Hosted on Acast. See acast.com/privacy for more information.

Wendy's toyed with the idea of dynamic pricing for their menus, and then quickly walked those comments back. But the general ire for dynamic pricing shouldn't invite politicians to get involved. Ryan Bourne explains. Hosted on Acast. See acast.com/privacy for more information.

When you hear complaints from the White House about "junk fees," it's worth digging into what that refers to and notably what it does not refer to. Ryan Bourne parses the rhetoric. Hosted on Acast. See acast.com/privacy for more information.

There are plenty of signs that our culture is in decline but none so alarming as the growing push to make meat so expensive that we cannot afford it. Ryan Bourne explains why the push to tax steak and bacon is a bad idea. The problem with our nearly universal screen addiction is that we're so immersed in the online world that we no longer notice how much it dominates our time. Aletheia Hitz has 3 excellent suggestions for a digital detox. We can stop pretending that the Jan 6 prosecutions have anything to do with authentic justice. Mike McDaniel reports on the Dept. of Justice plan to go after anyone who was in the zip code that day. Isn't it interesting how the folks labeling everyone with whom they disagree as nazis have no problem acting like nazis in how they treat others? Bryan Caplan has an enlightening take on those accusing substack of platforming nazis. Article of the Day: If you haven't checked out Tucker Carlson's interview with Bret Weinstein, you're missing one of the clearest accounts of what really happened during the covid pandemic. Jeffrey A. Tucker shares some reflections on the interview as well as a transcript. Sponsors: Life Saving Food  TMCP Nation Iron Sight Brewing Co. Quilt & Sew

On the podcast this week: Lord Sumption makes the case for leaving the ECHR in The Spectator's cover piece. He says that the UK has strong courts and can pass judgement on human rights by itself and joins the podcast alongside Dr Joelle Grogan – legal academic and head of research at UK in a Changing Europe – to discuss whether the Strasbourg has lost its appeal. (01:22). Also this week: Rory Sutherland takes a look at the rise of dynamic pricing in the magazine, a new trend where prices can surge at peak times and a phenomenon which has now made its way into pubs. He says that it's not necessarily the cost that matters, but the way it is framed and is joined by Times business columnist Ryan Bourne to debate. (17:10) And finally: is a Guardian Blind Date the most effective way of finding love?  This is the question that Lloyd Evans wonders in his piece for the magazine, detailing his experience being set up by the national newspaper. He joins the podcast alongside journalist Cosmo Landesman, whose dating columns I'm sure many listeners will remember. (33:02).  Hosted by Lara Prendergast and William Moore.  Produced by Oscar Edmondson. 

On the podcast this week: Lord Sumption makes the case for leaving the ECHR in The Spectator's cover piece. He says that the UK has strong courts and can pass judgement on human rights by itself and joins the podcast alongside Dr Joelle Grogan – legal academic and head of research at UK in a Changing Europe – to discuss whether the Strasbourg has lost its appeal. (01:22). Also this week:  Rory Sutherland takes a look at the rise of dynamic pricing in the magazine, a new trend where prices can surge at peak times and a phenomenon which has now made its way into pubs. He says that it's not necessarily the cost that matters, but the way it is framed and is joined by Times business columnist Ryan Bourne to debate. (17:10) And finally: is a Guardian Blind Date the most effective way of finding love?  This is the question that Lloyd Evans wonders in his piece for the magazine, detailing his experience being set up by the national newspaper. He joins the podcast alongside journalist Cosmo Landesman, whose dating columns I'm sure many listeners will remember. (33:02).  Hosted by Lara Prendergast and William Moore.  Produced by Oscar Edmondson. 

President Biden has made it one of his priorities to go after junk fees, claiming they cost consumers billions of dollars each year.  Whether for airline seating or hotel resorts, what are junk fees costing Americans? Would banning them benefit the economy? Ryan Bourne from the Cato Institute has a new report looking at junk fees, why businesses use them, and the impact of regulations on consumers. See omnystudio.com/listener for privacy information.

As inflation surges and wages fail to keep pace, housing costs and especially rents are rising. Numerous US cities and states are adopting rent control measures but in the long run, do we create even more housing unaffordability ? --- Send in a voice message: https://anchor.fm/james-herlihy/message

New British Prime Minister Rishi Sunak's agenda appears to be lighter than the one advanced by his immediate predecessor. The difficult work of regulatory reform appears to be nowhere on the agenda. Ryan Bourne comments. Hosted on Acast. See acast.com/privacy for more information.

Cato's Ryan Bourne details what we might expect from Liz Truss at the helm of the UK government.Related content:Brexit, Trade, and Regulatory Barriers in Great Britain featuring Liz Truss and Caleb O. Brown, Cato Daily Podcast, September 20, 2018 Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Economists use a variety of metrics to pinpoint recessions, and those determinations often come after the fact. Social media companies nonetheless try to police language about recession. Ryan Bourne and John Samples discuss the fight over "recession." See acast.com/privacy for privacy and opt-out information.

Price gouging is difficult to identify, and it's difficult to say that people willing to pay more for basic necessities during an emergency should never have that opportunity. Ryan Bourne details Elizabeth Warren's plan to crack down on emergency prices and why it's mistaken. See acast.com/privacy for privacy and opt-out information.

Reportedly the planet's richest person, multibillionaire Elon Musk is currently seeking to buy the World's online public square, Twitter. Should billionaires be able to buy so much influence? For this week's Sunday Debate we revisit a discussion from 2021 investigating just that, when we invited Professor Linsey McGoey of Essex University and Ryan Bourne of the Cato Institute go head to head on whether society should tolerate the existence of billionaires. The debate was chaired by Economics Editor at BBC Newsnight, Ben Chu. Learn more about your ad choices. Visit megaphone.fm/adchoices

When Hellen Stirling-Baker launched Small Stuff in 2016, a mentor told her it would fail because she was so focussed on ethical business. Six years later she runs a thriving online and physical shop, has opened and expanded into larger retail premises, and survived the challenges of the pandemic. Turnover and profits are increasing, says Hellen – and she has not compromised her ethics and values.Hellen is one of over 1,000 leaders of businesses large and small calling for a "Better Business Act." They want the Government to amend legislation to ensure businesses are legally responsible for benefiting workers, customers, communities and the environment while delivering shareholder and stakeholder returns. We cover what that means and this week's Better Business Day, and discuss Hellen's multiple-award-winning, eco-conscious children's store in Crookes, Sheffield. Hellen has tips for entrepreneurs who hope to launch other sustainable (in all senses) businesses. A healthy dose of inspiration and practical advice in this, episode #366 of Business Live.Timings and links:0:00 - 25:48 Introduction and interview with Hellen Stirling-Baker, Small Stuff. Hellen also presents This Sustainable Business podcast.25:48 More about The Better Business Act, the four principles and how to learn more.29:53 Quick recap of some previous episodes with guests who demonstrate ethical business is great business, including Kresse Wesling (Elvis & Kresse), Yasin El Ashrafi (HQ Recording Studios), Jen O'Brien (Music Broth), David Hanney (Alpkit), Louisa Ziane (Toast Ale).32:13 Funding: 15-20 projects can secure up to £1m each through The Energy Entrepreneurs Fund. Power to Change seeks partners for Community Improvement Districts.34:38 Reflections on Positive News magazine, and a good article from economist and Times columnist Ryan Bourne about why we should allow asylum speakers to work (The Entrepreneurs Network has ling called for this too).37:16 Upcoming events, including Record Store Day 2022 (so why not listen to last week's interview with Mark Elliott of Record Collector), Opportunity Sheffield job fairs, Sheffield Digital Festival, Sheffield Forum Live #3, The Festival of Debate.Thanks for listening to the show! Get in touch here and please leave a rating or review so more folk can find it.

Cory sits down with Derby supporter and returning guest to the podcast Ryan Bourne to take a look at latest Derby County news and look back at the past couple of matches. We start by discussing the latest news on the takeover and if the saga is finally drawing to a close. Sky Sports was reporting a deal might finally be on the horizon. We discuss if we can finally believe that it's happening. We talk about the EFL's decision to change the FFP rules midseason and have a wider conversation about football finances in general and if an independent regulator is the answer. We then turn to matters on the field. We discuss the domination against Peterbough United, Tom Lawrence's red card and why ill discipline is starting to creep in. We also talk about how it's effect the squad as a whole and if fatigue is starting to set in. We hear from Kevin at the Luton Town Supporters Trust about the match on Saturday before discussing it ourselves abs we discuss managerial changes at Peterbourgh and Reading and discuss if they might turn around the fortunes of Derby's relegation rivals. Thank you for listening! Get in touch with your questions or comments. Send us a voice message! On Twitter: @ramsreview1 ; Facebook: @ramsreviewpod and email ramsreview@hotmail.com.

How have conservatives changed their tune about large tech companies, so-called Big Tech? Matthew Feeney and Ryan Bourne comment. See acast.com/privacy for privacy and opt-out information.

Cato Institute economist Ryan Bourne joins The Remnant for the first time to discuss his new book, Economics in One Virus, which offers a crash course in economics using the COVID-19 pandemic as a case study. Over the last two years, many questions have been raised about America's preparedness (or lack thereof) for the pandemic, and Ryan has answers. Did any country get COVID right? Why is testing still a mess? And is the libertarian movement as divided as the conservative movement? Show Notes:- Ryan's page at Cato- Ryan's new book, Economics in One Virus- Ryan: “A Cure Worse Than the Disease?”- Scott Gottlieb: “A Second Major Seasonal Virus Won't Leave Us Any Choice”- Strife in the fast lane with John Nestor- Biden's Pandemic Preparedness Plan- Peter Nicholas: “There Are No Libertarians in an Epidemic”- Jonah: “When Narrative Trumps the Facts”

When disasters hit, law enforcement leaps into action to punish some of the people bringing in desperately needed supplies. Ryan Bourne describes the overblown threat of price gouging. See acast.com/privacy for privacy and opt-out information.

Ryan Bourne of the Cato Institute says the Build Back Better proposal includes subsides and federal regulations. This will raise the cost and create perverse incentives. Parents will lose the choice on child care. The middle class will once again carry the burden.

How does one attempt to see the unseen? The question may seem more like a Zen koan than vital concern of economists. The idea of tracing hidden consequences of different policies, however, must be discovered anew with every generation of policymaker and economic adviser.Frederic Bastiat is credited with the original framing of the "seen" vs the "unseen," using the parable a broken window to expose the common fallacy that destruction begets economic growth. Later, Henry Hazlitt would demolish the recycled Keynesian ideas in his time, arguing that government can stimulate "aggregate demand" by spending tax dollars on make-work projects like digging holes. In both cases, the resources used to stimulate spending come out of the pockets of people who would have otherwise spent the money more productively.This year, Ryan Bourne continues the noble tradition of Bastiat and Hazlitt in his new book Economics in One Virus – a clever spin on Hazlitt's famous "Economics in One Lesson." What can COVID teach us about the pitfalls of government intervention? Bourne lays out the high costs and murky benefits of policies such as lockdowns and mandatory masking, when voluntary alternatives would likely had achieved the same if not better results in terms of mitigating spread, without the devastating effects on small business.Almost two years into "two weeks to slow the spread," we will revisit the problem of the pandemic from an economic standpoint. Bourne reminds us that economics is not all about dollars and cents – it's the stuff of our daily lives, including the trade-offs that determine our fundamental well-being. To ignore costs simply because they cannot be measured, such as the relationships weakened or business lost, is to commit the oldest economic fallacy in the book.

Jason and Cory sit down with Nick from Sheff Utd Way to find out how the Blades are adjusting to the Championship following Premier League relegation. We talk about the switch in the dugout and how the Blades are adopting to it. We talk about their slow start and what's been behind their recent uptick in form. We talk strikers (Billy Sharp, good! Oli McBurnie, not so much) and Sheff Utd legends (Sharp again, but also Phil Jagielka!) We talk tactics and give a score prediction. We also discuss the £37 ticket prices! Then Jason reviews the Stoke game, which Derby won (and could have had a lot more goals!), on a difficult day for the club. Cory then sits down with Ryan Bourne and Ollie Wright of the Derby County Blog to discuss administration! How are we feeling, what's next, what's led to this point and how do we get out of this mess! Thank you for listening! Get in touch with your questions or comments. Send us a voice message! On Twitter: @ramsreview1 ; Facebook: @ramsreviewpod and email ramsreview@hotmail.com.

En este episodio de #HoraLibre, Mario Zúñiga analiza la posibilidad de imponer mandatos de vacunación, o de requerir prueba de ésta para acceder a determinados espacios o servicios; así como la vuelta a clases, con énfasis en la voluntariedad de ésta y cómo puede ser clave para vencer las trabas políticas que enfrenta. Además, un análisis del concepto del privilegio. Links recomendados: Ryan Bourne. “Economics in One Virus. An Introduction to Economic Reasoning through COVID-19”: https://www.amazon.com/Economics-One-Virus-Introduction-Reasoning/dp/1952223067 Steve Horwitz. “Privilege and the liberal tradition”: https://www.libertarianism.org/articles/privilege-and-liberal-tradition

 Shaun discusses how American schools are teaching our children to be slaves. Then, Ryan Bourne who occupies the R. Evan Scharf Chair for the Public Understanding of Economics at Cato, and is the author of the new book, "Economics In One Virus" joins Shaun and talks about how our elected leaders are using the pandemic to seize power. Plus, is freedom and liberty still attractive to Americans?  See omnystudio.com/listener for privacy information.

Global Policy Watch: Ud Jayega Bezos Akela*Bringing an Indian perspective to burning global issues- RSJHomo sapiens first went to space in 1961. 60 years later, a new species, decidedly less superior than Homo sapiens, has succeeded in going to space.Billionaires. Remarkable. So, what should we make of it?A Race To NowhereThere are three arguments against the space race among billionaires. And these arguments play into the wider debate about capitalism and inequality that’s roiling the developed world. I will take a stab at rearticulating them.To start with we have the old charge against capitalism of being self-obsessed, indifferent and out of touch with the reality of the world around them. In a time when a global pandemic has destroyed lives and livelihoods and the poor still don’t have access to vaccines, the spectacle of billionaires spending hundreds of millions on their toys isn’t appetising. Our moral intuition says it is wrong. Surely, it is their wealth and they have the freedom to pursue whatever they fancy. But that wealth could have more productive uses that make the world better. And it isn’t just a prayer to the goodness within the hearts of the billionaires that we need. There’s a right that the society has over some of that wealth they have accrued through dodging taxes (or at least not paying their fair share), keeping employee wages low and using sharp elbow tactics to monopolise the markets. Taking off into space during these times is like showing a giant middle finger to the rest of humanity. The second argument offered against the space fantasies of billionaires is that it will amount to nothing. The science of sending a shuttle to orbit the earth and come back is more than 60 years old. So, no new ground in science is being broken here. Also, any talk of space travel or living on Mars underestimates the difficulty of a person being in space for any amount of time. Sim Kern has a good piece on this in the Salon: “Around half a dozen astronauts live up there (International Space Station) at any given time, bouncing around a narrow tube with roommates they didn't choose and who can't properly bathe for months on end. The wifi is slow. The food is not Michelin starred, to say the least. Their sleeping situation is akin to a floating coffin. And pooping involves a complicated procedure in a port-o-potty where the door is a plastic curtain and everything floats.Astronauts' time is micromanaged by a team of experts on the ground. Unlike future space-tourists' imagined itineraries, much of their time is spent working on actual science, but a great deal is dedicated to mere survival as well. Space-dwellers must exercise at least two hours a day to keep their bones from turning to goo. They spend a ton of time studying systems and conducting repairs on equipment that frequently breaks because space wants to kill you.”That’s just orbiting the Earth. She also dashes any pipe dreams about colonising Mars:“And what about Musk's dream of a colony on Mars, or at least the Moon? Those are astronomically less feasible. The farther away from Earth you're trying to sustain life in space, the harder it gets. And while they have the benefit of gravity, the surface of the Moon and Mars are covered with a powdery regolith that gums up mechanisms. ….So despite Musk's lofty claims of making humanity "a multi-planetary species," that's way, way beyond the realm of current technical possibility. And his claim is especially absurd, considering that in order to generate the wealth that sustains billionaires like Musk, we're rapidly destroying the one planet we can live on — Earth.”  No matter how tough things get at Earth, it will still be infinitely more livable than Mars for a long, long time. It might be better to spend money to continue keeping Earth viable than to plan a human settlement on Mars.The whole thing does sound like a billionaire pissing contest.The third argument made is about how all great scientific and technological advancement is funded by the government using public money and then exploited for private benefits by venture funds, family offices and shrewd entrepreneurs. All in the name of enterprise and capitalism. This is another case where the heavy lifting is done by the state taxing everyone while the benefits are concentrated among the very few. Anand Giridharadas in his newsletter The Ink has a sarcastic take on this:“I have an idea for a reality show. It’s called “Billionaires Solve Problems the Government Solved a Long Time Ago and Then Explain How Much More Efficient They Are Than Government.” I may ask Richard Branson to produce. In the pilot episode, Elon Musk will “invent” something he calls the Digital Method of Verification. He will pioneer a whole system whereby people can take a driving test and receive a plastic card that I’m told Musk will refer to as a “license” and thus gain permission to drive on public roads.In the second episode, Jeff Bezos will “innovate” a new kind of bookstore that buys books but then gives them out to people for free, so long as those books are returned. He will fund it with some of the money he doesn’t pay in taxes. He will call it the Lending Interesting Books to Raise Aspirations for Reading Youths, or LIBRARY, program.”.. you get the drift. Good In Theory, Bad in PracticeI have limited sympathy for these arguments, compelling and strong on rhetoric though they may be. I will add here I find nothing heroic about Branson or Bezos going to space. It may not be as inane as them buying a yacht or a mansion. But it is close. My differences are on the principles used to criticise them. Let me start with the criticism about the timing of these missions. Is there any reason to believe had these space flights happened a year down the line, we wouldn’t have seen a similar criticism? The world is an unequal place as it has been for most of human history. There’s data to show it has become less unequal in the past two centuries. There’s a problem of judging any spending by billionaires by what else it could have achieved for society. Because why should this moral matrix stop at the billionaire? Surely someone spending money on an icecream could have used that money to buy food for the hungry. I could go on. Stretched to its absurd logic this argument would mean we should stop every ‘unnecessary’ spend till we have redistributed wealth to the extent that everyone in the world has food. But it won’t stop there. Because human wants increase. Once everyone has food, there will be some who will desire a house (or, maybe an iPhone?). And the same cycle of redistribution will start till everyone has a house or a phone. You can see where this is going.Any patterned distribution programme will never stop till everyone gets exactly what the other has. And that can never be achieved naturally. It will need state coercion. This is the lesson learnt from 20th-century history. Worse, like I have written in previous editions, anytime we arrive at the final equilibrium of a patterned distribution programme, the next transaction shatters it. This is natural. Human beings are all different and unique. They will have different time preferences (current vs future), risk appetites and utility functions for every transaction. To preserve some kind of fragile, equally distributed pattern in society will require every transaction to be approved by a central authority lest the pattern fails. This is the Hayekian road to serfdom. We must stay away from it. I also have a minor issue with the argument Kern makes that this doesn’t really take science further. To many of us, science seems to work in episodes of breakthrough advances. The reality is otherwise. There’s a gradual build-up of knowledge that leads to bigger questions and more fundamental inquiries. This is what’s needed in space science. Private space exploration has been real for the past two decades. There are networks of private satellites that track weather patterns, pollution, green cover depletion, nuclear proliferation in rogue states and help in navigation. Others are trying to provide broadband access to millions whom local telecom companies cannot serve. Manned space exploration hasn’t been a huge priority for national space programmes for a long time. Governments don’t have the capital and the end of the cold war reduced any further incentive for it. The billionaires might be in a pissing contest right now but there is a frontier here. And it needs to be explored. If private capital is happy doing it, we shouldn’t complain. There might be future entrepreneurs out there who might benefit from this democratisation of space. We might not yet know in which way. But the beauty of science is things don’t change in a linear fashion. The human capacity to challenge a new frontier and go beyond what’s imaginable is the basis for our civilisation. Lastly, I come to the sarcastic piece by Anand Giridharadas about billionaires only discovering now what the government has already done many years back. This is perhaps the most illogical of the arguments. But it appears to have a strong currency among the woke left. Let me make three counterarguments. One, barring the period between the end of WW2 and the early 80s, there isn’t a great state-sponsored track record of supporting innovation anywhere, anytime in history. And let’s be clear that the period of exception wasn’t because the state loved science and technology. It was the cold war that was driving its investment. The central idea, to put it simply, was to annihilate the human race. So to look back at that period with some sense of pride about the achievements of the state is delusional. We had pursued science for wrong ends and handed enormous powers to a few who controlled these weapons of mass destruction. That we didn’t end the world in that period is providence. God knows we tried. The billionaires today can use their enormous wealth and science in many ways detrimental to our race. That they don’t isn’t providence. They are interested in other things than modelling themselves on villains from the Bond franchise. Two, there is a market failure in basic science and research. Research has positive externalities and the likelihood of any kind of commercial success is low. There is a reason why it has to be supported through state funds, grants and philanthropy as it has happened over the ages. Beyond that, there’s enterprise and risk capital that’s needed to transform basic research into commercially viable products. These aren’t mutually exclusive. There’s no disconnect here. To keep harping on how all the basic research for, say, an mRNA Covid vaccine was done using government grant misses this point. Reading Walter Isaacson’s The Code Breaker you realise how important a patent is for those in basic science. There is love for science, for sure. But claiming intellectual property for future gains is as critical. And the road from a scientific breakthrough to a commercially viable product is arduous. Entrepreneurs aren’t just picking up ideas from the lab for free and turning into billionaires.Three, if state sponsorship, and not entrepreneurial flair (or greed), was the only thing needed for scientific innovation and commercial success, we should have seen tremendous breakthroughs coming from the erstwhile USSR, India, Cuba and Venezuela. But you know the score there. One of the features of the youth today is how much of history seems to be lost on them. The way the discourse is going we might just reinvent the French and the Russian revolutions all over. And pay for all the benefits and the consequences. There’s an air of inevitability to this happening. This was what Nietzsche probably meant when he spoke of eternal recurrence in human affairs. We are doomed to it. I will end this piece with the one argument I agree with against billionaires in space. There’s one use of the money spent that’s better than trying to make Mars livable. It is to continue making Earth more livable. It is the best home we can ever have. Hannah Arendt in her 1958 classic, The Human Condition, starts her prologue with the deep desire that humans have to escape the world the way it is to a world that we can create from scratch. Arendt starts off by describing the launch of the Sputnik, the first-ever satellite launched into space by us. She writes:The immediate reaction, expressed on the spur of the moment, was relief about the first “step toward escape from men’s imprisonment to the earth”. … Should the emancipation and secularisation of the modern age, which began with a turning away, not necessarily from God, but from a god who was the Father of men in heaven, end with an even more fateful repudiation of an Earth who was the Mother of all living creatures under the sky?” And her conclusion on this is what I can get behind:The earth is the very quintessence of the human condition, and earthly nature, for all we know, maybe unique in the universe in providing human beings with a habitat in which they can move and breathe without effort and without artifice. .. For some time now, a great many scientific endeavours have been directed towards making life also “artificial”, toward cutting the last tie through which even man belongs among the children of nature. It is the same desire to escape from imprisonment to the earth that is manifest in the attempt to create life in the test tube, in the desire to mix “frozen germ plasm from people of demonstrated ability under the microscope to produce superior human beings” and to “alter their size, shape and function”; and the wish to escape human condition, I suspect, also underlies the hope to extend man’s life-span far beyond the hundred-year limit. * Kumar Gandharv singing Kabir on the futility of it allIf the content in this newsletter interests you, consider taking up the Takshashila GCPP. The certificate course is customised for working professionals. Intake for the 30th cohort ends on 22nd August.This slide from the Fundamentals of Public Policy module, co-anchored by Pranay Kotasthane and Ameya Naik gives a good idea of what the course has to offer.PolicyWTF: Clipping our WingsThis section looks at egregious public policies. Policies that make you go: WTF, Did that really happen?— Pranay KotasthaneHave you tried booking domestic flights recently? If yes, the unreasonably high prices would have made you pause. It’s likely that you would’ve shrugged it off by blaming the government for raising taxes on fuel, and shelled out the money anyway. Well, you are partly correct. Indeed a government policyWTF underlies the high ticket prices but it’s not the one you think. I realised the reason while trying to book a flight ticket myself. I noticed a strange coincidence — not only were the prices high, but all airlines were also charging the exact same high price. A representative price chart is given below.Turns out, a few restrictions that the Ministry of Civil Aviation had imposed last year during the first wave, are still in place. And that explains this weird price chart.Specifically, the government has restricted airlines in not one but three different ways.One, it put a cap on the total capacity that airlines can deploy. Note, this doesn’t mean a restriction on the number of passengers in a flight but a restriction in terms of the total number of flights that an airline can operate. Two, it also put a ceiling on the ticket price depending on the sector and travel time. And three, it put a floor on the ticket price meaning that tickets couldn’t be sold below a particular price even if the airlines wished to do so. The stated intent for each of these measures was equally baffling. The capacity restriction is apparently to discourage discretionary travel, the price cap is to protect the consumer, and the price floor is to protect the financially weaker airlines.Let’s give this bizarre policy the Anticipating the Unintended treatment (edition #48). One of the most commonly observed effects of government intervention is that rent-seekers often distort government policies to serve their own interests. And that’s what seems to be the real reason behind these three-fold restrictions. The capacity restrictions and price floors appear to be a clientelistic policy to clip the wings of the largest player in the market. The end-loser in this game is the consumer — ticket prices of most airlines have conveniently settled to just below the price ceiling regardless of how early you book your tickets. Given the other challenges that less-fortunate Indians are facing today, this issue might seem trivial. Think again. These government interventions have created precedence for the government to intervene in the interests of “financially weaker” players, even if it comes at the expense of the consumer. This is what should worry us. The fact that these restrictions are in place sixteen months after the pandemic began indicates that the rent-seekers are already in the driving seat. Today, the government wants to protect weaker airlines; tomorrow it might extend its “protection” to other sectors, further harming consumers. Finally, the government’s primary responsibility should be to ensure that aeroplanes and airports don’t cause further spread of the virus. Mandating COVID-19 detection tests or fully vaccinated certificates might directly address this risk. Price bands and capacity caps serve no such purpose. The government should back off. #TWIL: A Boston Tea Party MythThis section looks at something new and striking we learnt over the week— Pranay Kotasthane It’s my ignorance that until this week I thought the Boston Tea Party protest was caused due to high taxes. Turns out, it was actually caused due to a tax cut! This is what I read in the book Rebellion, Rascals, and Revenue by two leading authorities on taxation, Joel Slemrod and Michael Keen. The reason is a bit convoluted. It involves India, smugglers, and of course, the East India Company. Here’s the story as I understand it. Starting in 1768, there was a nominal tax on imports (including tea) landing at American colonies. This tax was a statement of British suzerainty over the colonies rather than a means of revenue collection. Given the weak enforcement, almost 60 per cent of tea was smuggled, escaping this nominal tax levy. The tea itself was procured by the East India Company from China and auctioned in Britain, from where it found its way through legal and illegal means to the colonies. Apart from the import duty applied on reaching the colonies, a similar charge was applicable when the tea first landed in Britain. So far so good. The East India Company was raking in the profits while the colonies’ smugglers had their own party going on in parallel. Then came the Bengal Famine of 1769 which devastated the company-controlled revenue areas. Despite ample intimidation and coercion, the Company’s revenue collection wouldn’t improve. Given the importance of the Company to the British Empire, other ways had to be found to revive its fortunes. Someone found a novel way out — reduce the costs of the Company’s tea trade with the colonies. The British government refused to reduce the import levy on goods entering the colonies as it could be perceived as giving up a sovereign right over the colonies. Instead, the import levy on tea reaching Britain was refunded to the Company. Regardless, the net result was that the tea reaching the colonies became cheaper, threatening the fledgling smuggling business. With their margins undercut, they sought to contest this tax cut. These smugglers went on to play a major role in the protests that dumped chests of tea from vessels carrying the ‘tax-cut’ tea at Boston. Quite fascinating. As the authors remind in the book, taxes are seldom the first reason behind independence movements. But they often end up becoming the last straw, the immediate cause that sparks world-changing protest movements.A Framework a Week: Describing a State’s Policy on a Geopolitical IssueTools for thinking public policy— Pranay KotasthaneHow do we explain India’s position on the Israel-Palestine Issue? How to evaluate China’s actions in Afghanistan? These kinds of descriptive questions are quite common in geopolitical analysis. In order to structure the thinking about such questions, here’s a simple three-point framework.To evaluate a State A's policy on X issue:Ask what are A's interests in X issue? Identify strengths, weaknesses, risks and opportunities. To avoid a superficial rational-actor model analysis, also consider the stances of a few important interest groups within A.List the actions A has taken on X issue thus far.Ask how actions listed in #2 affect the interests outlined in #1? Have some actions exposed some weaknesses even as they opened up new opportunities? Have there been fallouts, unintended consequences?HomeWorkReading and listening recommendations on public policy matters[Video] Intelligence Squared Debate: “Should Billionaires Be Abolished?” For the motion: Linsey McGoey, Professor of Sociology and director of the Centre for Economic Sociology and Innovation at the University of Essex. Against the motion: Ryan Bourne, R. Evan Scharf Chair for the Public Understanding of Economics at Cato Institute [Audio] Economist and Nobel Laureate James Heckman of the University of Chicago talks about inequality and economic mobility with EconTalk host Russ Roberts.[Book] The Power to Tax: Analytical Foundations of a Fiscal Constitution is a classic work in Public Finance by Geoffrey Brennan and James M Buchanan. Get on the email list at publicpolicy.substack.com

As billionaires jet off to space should we abolish them here on earth? In this week's debate professor Linsey McGoey of Essex University and Ryan Bourne of the Cato Institute go head to head on whether society should tolerate the existence of billionaires. The debate was chaired by Economics editor at BBC Newsnight Ben Chu. For the Intelligence Squared discount on books click the link below: Linsey McGoey - The Unknowers: https://www.primrosehillbooks.com/product/the-unknowers-how-strategic-ignorance-rules-the-world-linsey-mcgoey/Ryan Bourne - Economics in Once Virus: https://www.primrosehillbooks.com/product/economics-in-one-virus-ryan-a-bourne/ Support this show http://supporter.acast.com/intelligencesquared. See acast.com/privacy for privacy and opt-out information.

Paul Millerd is a Curious Human & Solopreneur, Writer, Host of the Reimagine Work Podcast, Teacher at Strategy U, Independent Consultant and Adviser (for companies like VIVO, Wrangler, Russel Reynolds Associates, Good Jobs Associates among many others), and a Career Coach for people who carve their own paths beyond the default path. In his past life, Paul worked for companies like General Electric, McKinsey & Company, Boston Consulting Group, and studied at the University of Connecticut and MIT. Links: Find Paul: think-boundless.com - the home for the creative and curious rebels carving their own path Join our community: forms.gle/3gmq2WahzJZZ9Bny9 We were recently featured in the top 10 Utopia Podcasts in Feedspot! Check it out here: blog.feedspot.com/utopia_podcasts/ Instagram/Twitter: @utopiaisnow Timestamps: 0:00 - Introduction 4:00 - Why did Paul leave BCG & McKinsey to live a Pathless Path? 8:05 - What path should you take in life? 11:43 - Management Consulting & what made Paul leave it? 16:30 - Paul coaches Shashwat over his career dilemma 20:33 - What do work & career REALLY mean? 30:59 - The false dichotomy of Work-Life Balance 33:58 - Traditional vs Unconventional Lifepaths 39:20 - How to embrace your weirdness and follow your heart? 46:15 - What does Paul's life look like right now? 49:58 - Philosophy of Life: Work vs Leisure 54:57 - Future of Work 58:06 - Bridging the gap between Education & Work 01:05:44 - How to find your life path? 01:09:47 - Do we owe any responsibility to our economy to continue traditional work? 01:11:48 - Paul's views on Utopias Mentioned in this Episode: Alan Watts was a British writer, speaker & philosopher Roman Krznaric is an Australian public philosopher Venkatesh Rao is an Indian-American author and consultant Peter Albert David Singer AC is an Australian moral philosopher John Rawls was an American political philosopher in the liberal tradition Aristotle was a Greek philosopher and polymath during the Classical period in Ancient Greece Socrates was a Greek philosopher from Athens who is credited as one of the founders of Western philosophy Marcus Aurelius was Roman emperor from 161 to 180 and a Stoic philosopher David J. Deming is an American Economist and Professor Epictetus was a Greek Stoic philosopher Seneca, was a Roman Stoic philosopher, statesman, dramatist, and in one work, satirist, from the post-Augustan age of Latin literature Ryan Bourne is a British Economist and Author who works at Cato Institute Credits Art Work: The Road Not Taken - Michael Cook Music Credits: A Journey Through The Universe – Lesion X --- Send in a voice message: https://anchor.fm/utopia-is-now/message

Ryan Bourne is an economist and currently occupies the R. Evan Scharf Chair for the Public Understanding of Economics at Cato Institute. Before joining Cato, Ryan was head of public policy at the Institute of Economic Affairs and Head of economic research at the Centre for Policy Studies. He holds a Master's degree in Economics from the University of Cambridge. He is the author of the new book 'Economics in One Virus' which draws upon the dramatic events of 2020 to bring to life some of the most important principles of economic thought. Links: Find Ryan: www.cato.org/people/ryan-bourne Join our community: forms.gle/3gmq2WahzJZZ9Bny9 We were recently featured in the top 10 Utopia Podcasts in Feedspot! Check it out here: blog.feedspot.com/utopia_podcasts/ Instagram/Twitter: @utopiaisnow Timestamps: 0:00 - Introduction 2:22 - Who is an economist? What is their role in society? 5:02 - What does Ryan do and what motives him? 10:41 - What is Economics? 15:00 - A Glimpse of Insight into an Economic Way of Thinking 19:40 - Thinking on the Margins & Banning Things 25:00 - How to deal with Externalities? 32:38 - Economic way of thinking about Environmentalism 39:25 - Risks and Benefits of conforming to a Political Label & Ideological Framework 45:13 - What is Libertarian Economics? 49:07 - Moral Challenges against Libertarianism 58:53 - Information, Truth, Markets & Freedom 01:07:24 - Finance vs Economics 01:11:57 - GDP, Pandemic & Nature of our Economic System 01:18:09 - How to make better decisions & Ryan's Utopia Mentioned in this Episode: 1) Peter Joseph Boettke 2) The Institute of Economic Affairs 3) The Cato Institute 4) Andrew Mark Cuomo 5) Joseph Raymond McCarthy 6) Ronald Harry Coase 7) Susan Liautaud 8) Eduardo Hughes Galeano 9) Roman Krznaric 10) Adam M. Grant 11) Michael Joseph Sandel 12) John Stuart Mill 13) Elinor Claire 14) Niall Campbell Ferguson 15) Dwight David Eisenhower --- Send in a voice message: https://anchor.fm/utopia-is-now/message

How much of the current difficulties faced by employers are driven by extra unemployment benefits? Ryan Bourne explains. See acast.com/privacy for privacy and opt-out information.

We have a lot to learn from the COVID pandemic. From our success in rapidly generating vaccines, to our failure to implement a widespread test-and-trace system, to Americans' responses to lockdown orders and other public health measures, the policy debates over the past year and a half have involved trade-offs, thinking on the margin, and accounting for many measures of public well-being. In other words, understanding the COVID pandemic necessitates an understanding of economics. That's why I'm excited to have Ryan Bourne on the podcast today to discuss his new book, https://www.amazon.com/dp/B08RSCHYF5/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 (Economics in One Virus: An Introduction to Economic Reasoning through COVID-19). Ryan is the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato Institute. Previously, he was the head of public policy at the Institute of Economic Affairs and the head of economic research at the Centre for Policy Studies.

We have a lot to learn from the COVID pandemic. From our success in rapidly generating vaccines, to our failure to implement a widespread test-and-trace system, to Americans’ responses to lockdown orders and other public health measures, the policy debates over the past year and a half have involved trade-offs, thinking on the margin, and […]

We have a lot to learn from the COVID pandemic. From our success in rapidly generating vaccines, to our failure to implement a widespread test-and-trace system, to Americans’ responses to lockdown orders and other public health measures, the policy debates over the past year and a half have involved trade-offs, thinking on the margin, and accounting for many measures of public well-being. In other words, understanding the COVID pandemic necessitates an understanding of economics. That’s why I’m excited to have Ryan Bourne on the podcast today to discuss his new book, Economics in One Virus: An Introduction to Economic Reasoning through COVID-19. Ryan is the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato Institute. Previously, he was the head of public policy at the Institute of Economic Affairs and the head of economic research at the Centre for Policy Studies.

The Cato Institute's Ryan Bourne discusses his new book on the economics of the pandemic: the Value of a Statistical Life (VSL), public v private actions, global trade and vaccine nationalism, and the all-important labour market.

Wrapping up our exciting trilogy of pandemic economics, the guys were thrilled to be joined by the Cato Institute's Ryan Bourne, author of the excellent book, Economics in One Virus: An Introduction to Economic Reasoning Through COVID-19. Together they touched upon a variety of the topics covered within the book - from the origins behind its name to what constitutes an economy anyway? They also discussed substantive topics not within the scope of the book, such as more than you ever thought you'd like to know about Derby County Football Club :D Ryan and his very worthwhile thoughts can be found on Twitter @MrRBourne. And as always, if you enjoyed this conversation and would like to hear others like it, you can follow us on Twitter at @NobodyDismal or email us at NobodyExpectsTheDismalScience@gmail.com. We promise to always respond, whether on-air or off.

In this episode of The Pin Factory, the ASI's Matthew Lesh is joined by Daniel Pryor, Head of Programmes at the Adam Smith Institute and Ryan Bourne, Chair for the Public Understanding of Economics at the Cato Institute. They discuss Ryan Bourne's latest book "Economics in One Virus: An Introduction to Economic Reasoning Through COVID-19" and the economic lessons that can be learnt from Covid-19, the idea of a European Super League, and the first 3 months of President Biden. Guests:   Ryan Bourne (Chair for the Public Understanding of Economics, Cato Institute)  Matthew Lesh (Head of Research, Adam Smith Institute)  Daniel Pryor (Head of Programmes, Adam Smith Institute)     (Recorded Thursday 22nd April 2021)

Have you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re-hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring-fenced bailout from Congress?Ryan Bourne answers all of these questions in his latest book, Economics in One Virus. He helps to explain everything from why the U.S. was underprepared for the pandemic to how economists go about valuing the lives saved from lockdowns. See acast.com/privacy for privacy and opt-out information.

The pandemic has shown us that there is a price to be paid for failing to understand economic consequences. Ryan Bourne catalogs many of the missteps in his new book, Economics in One Virus: An Introduction to Economic Reasoning through COVID-19. See acast.com/privacy for privacy and opt-out information.

1) Introduction: Caleb O. Brown 2) Ryan Bourne on his new book, Economics in One Virus 3) Scott Lincicome on maintaining global supply chains 4) Mike Tanner on poverty on California 5) Charles Koch and Brian Hooks on their new book, Believe in People See acast.com/privacy for privacy and opt-out information.

The minimum wage debate is rekindled as the Biden Administration plans its push for $15 an hour. Chris Edwards and Ryan Bourne discuss the side-effects and drawbacks. See acast.com/privacy for privacy and opt-out information.

1)Introduction: Caleb O. Brown 2) Alex Nowrasteh and Simon Lester on trade and immigration under the Biden administration 3) Ryan Bourne on the means to “full employment” 4) Robert Farley on the Space Force 5) Johan Norberg discusses his new book, Open: The Story of Human Progress See acast.com/privacy for privacy and opt-out information.

What new government programs would be justified in pursuit of a target of "full employment" in the economy? Ryan Bourne discusses what the Biden economic team might be planning. See acast.com/privacy for privacy and opt-out information.

Was Facebook's purchase of Instagram and other properties evidence of monopolistic practices? Will Duffield and Ryan Bourne are skeptical. See acast.com/privacy for privacy and opt-out information.

The Cato Institute's new Pandemics and Policy details the various ways this pandemic should change how governments operate. Ryan Bourne discusses the role of prices in helping economic actors to adjust to new realities. See acast.com/privacy for privacy and opt-out information.

Kamala Harris, now a candidate for Vice President, did some things as a prosecutor that should make people question her fidelity to the law, but that doesn't place her outside the mainstream of prosecutors. Jay Schweikert comments on Harris's background.Related:“Kamala Harris and the Authoritarian Impulse” featuring Elizabeth Nolan Brown and Caleb O. Brown (June 3, 2019)"The Kamala Harris Plan to Address the Gender Pay Gap” featuring Ryan Bourne and Caleb O. Brown (June 1, 2019) See acast.com/privacy for privacy and opt-out information.

Ryan Bourne and Diego Zuluaga come back to the show to talk about how fiscal and monetary policy are changing drastically to respond to COVID-19. We are operating in a world of radical uncertainty. We are still unsure of how many people have been infected by the novel coronavirus. Every uncertainty affects how the stock market responds. However, it is reasonable to expect the American economy to boom back strongly in 1-3 years.How is the COVID-19 recession different than the 2007-2009 financial crisis? What industries are hurt the most by COVID-19? How do you define an economic recession? Is the market a discovery mechanism? Should individuals receive direct support from the government? See acast.com/privacy for privacy and opt-out information.

1. Introduction2. William Yeatman on regulations that were never needed3. Simon Lester on trade and cooperation in a pandemic4. Patrick G. Eddington on civil liberties in an emergency5. Diego Zuluaga on liquidity and insolvency in the crisis6. Ryan Bourne on the nature of a pandemic recession7. Michael F. Cannon on how the FDA blocked testing See acast.com/privacy for privacy and opt-out information.

Understanding the nature of recessions caused by pandemics is critical to crafting a policy response. Ryan Bourne explains. See acast.com/privacy for privacy and opt-out information.

There isn't much disagreement among economists about what a national rent control policy would do to harm renters, housing prices, housing stock, and the incentive to build new housing. Nonetheless, Bernie Sanders persists. Ryan Bourne comments. See acast.com/privacy for privacy and opt-out information.

It may still be too early to say how Brexit will impact trade and other international relations, but the ever-changing details of the Brexit plan took an unlikely path to deliver a big win for Prime Minister Boris Johnson. Ryan Bourne comments. See acast.com/privacy for privacy and opt-out information.

The political left seems to think that wealth inequality undermines democracy. There are many reasons why this fear is incorrect. The political views of the wealthy are not homogeneous, and on many issues, they track the views of the rest of the population. Many political leaders consider wealth inequality to be a major economic and social problem. Ryan Bourne and Chris Edwards join the show to talk about their new study that tackles this issue from multiple fronts.How do we measure inequality? Has wealth inequality gotten drastically worse in the last decade? What is a wealth tax? What is cronyism?Further Reading:Exploring Wealth Inequality, written by Chris Edwards and Ryan BourneA Wealth Tax Is a Tax on Business, written by Chris EdwardsTop Wealth Is Business Assets, written by Chris EdwardsThe Forbes 400: The Definitive Ranking Of The Wealthiest Americans, edited by Luisa Kroll & Kerry A. DolanDownsizing the Federal GovernmentSurvey of Consumer FinancesRelated Content:Wealth Tax Advocates Muddle Stocks and Flows, written by Steven HorwitzTaxation: How the Government Funds Itself, Free Thoughts PodcastAre Taxes a Democratic Alternative to Charity?, written by David S. D’Amato See acast.com/privacy for privacy and opt-out information.

Bernie Sanders has a series of labor market interventions he'd like to see, including ending at-will employment. Ryan Bourne says it's a terrible idea. See acast.com/privacy for privacy and opt-out information.

Some political leaders are saying that inequality is at unacceptable levels and should be countered by higher taxes at the top end. But income and wealth inequality are complex issues that are often misunderstood. Scott Winship is a long-time expert on inequality and economic mobility and will discuss income inequality. He will be followed by Chris Edwards, who will discuss wealth inequality data, the role of wealth in the economy, and the possible effects of an annual wealth tax.Winship is executive director of the Joint Economic Committee, chaired by Senator Mike Lee (R-UT), and leads the committee’s Social Capital Project, a research effort aimed at understanding the health of families, communities, and civil society. The chairman’s office recently released a study comparing measures of income concentration. Edwards examined wealth taxation in a recent Cato study and has completed a new Cato study on wealth inequality with Cato scholar Ryan Bourne. See acast.com/privacy for privacy and opt-out information.

As the UK approaches a general election, both major parties have been promising billions of extra pounds to go into hospitals, social care and other public benefits. All this spells an apparent end to ten years of a policy of limited government spending, also known as austerity. The BBC’s Andy Verity explains austerity and what it was meant to do. But why has it ended now? Economists Vicky Pryce and Ryan Bourne debate the relative merit of austerity, whether it succeeded, or indeed whether it was a good idea to begin with. And if indeed the UK is returning to an age of more spending, Alberto Gallo of Algebris Investments warns those funds ought to be spent wisely. (Picture: A man holds up an anti-austerity banner outside Number 10 Downing Street on October 20, 2012 in London, England. Picture credit: Dan Kitwood/Getty Images)

What evidence is there that disparities between rich and poor harm the poor, the economy, and our political system? Chris Edwards and Ryan Bourne are authors of the new paper, "Exploring Wealth Inequality." See acast.com/privacy for privacy and opt-out information.

There may be some benefit to expanding the pay rates at which workers are eligible for overtime, but Ryan Bourne argues those benefits will be short term. See acast.com/privacy for privacy and opt-out information.

Nationalist conservatives like Oren Cass are pushing industrial policy. Ryan Bourne says the case for this manufacturing-focused industrial policy is weak. See acast.com/privacy for privacy and opt-out information.

Senator Josh Hawley (R-MO) says social media is addictive and Big Tech hasn’t done much for the public interest lately. What should that mean for government regulation of big tech? Ryan Bourne and Matthew Feeney comment. See acast.com/privacy for privacy and opt-out information.

On this episode, Cato's Ryan Bourne discusses his recent paper, “Is This Time Different? Schumpeter, the Tech Giants, and Monopoly Fatalism.” The post https://www.aei.org/multimedia/ryan-bourne-on-joseph-schumpeter-the-tech-giants-and-the-case-against-monopoly-fatalism/ (Ryan Bourne on Joseph Schumpeter, the tech giants, and the case against monopoly fatalism) appeared first on https://www.aei.org (American Enterprise Institute - AEI).

The tiff between workers for the Bernie Sanders campaign and the campaign leadership illustrates some of the tradeoffs inherent in mandating wage floors. Ryan Bourne is author of a new paper on minimum wage hikes and bad justifications for them. See acast.com/privacy for privacy and opt-out information.

Remember MySpace? What about Kodak? These companies seemed to be unstoppable monopolies. So what happened? Ryan Bourne is author of the new Cato paper, "Is This Time Different? Schumpeter, the Tech Giants, and Monopoly Fatalism." See acast.com/privacy for privacy and opt-out information.

Would taxing big firms that fail to pay men and women the same achieve gender pay equity? Ryan Bourne comments on a new proposal from Senator Kamala Harris. See acast.com/privacy for privacy and opt-out information.

A new Oregon law is a first-of-its-kind statewide rent control regime. It’s effects may be fairly weak, given its provisions. Ryan Bourne discusses the winners and losers in the new regime. See acast.com/privacy for privacy and opt-out information.

Dignity and productivity are strongly linked, but it's easy to misunderstand. Ryan Bourne comments. See acast.com/privacy for privacy and opt-out information.

A no-deal Brexit could be devastating on a number of fronts. Where do things stand now? Ryan Bourne and Emma Ashford comment. See acast.com/privacy for privacy and opt-out information.

What makes a 'market failure'? Ryan Bourne is author of the new paper, "How ‘Market Failure’ Arguments Lead to Misguided Policy.” See acast.com/privacy for privacy and opt-out information.

Childcare is expensive. Economic evidence suggests childcare prices are driven higher by state-level regulations like input requirements designed to improve care quality, including staff-qualification requirements and minimum staff-to-child ratios, with little evidence that they actually work. In this video, Ryan Bourne, the Cato Institute's R. Evan Scharf Chair for the Public Understanding of Economics discusses the regressive effects of childcare regulations.

Ryan Bourne joins us today to discuss the intricate hardships that the poor in the United States are experiencing. Some suggest that the United States should raise the national minimum wage, thinking that will solve some issues of the impoverished. Others believe that the poor have different buying and spending habits than the rest of the population.What do poor people spend a majority of their money on? How does regulation of services actually hurt the poor? How does coning affect housing prices? Should we raise the minimum wage to a ‘living wage’?Further Reading:Government and the Cost of Living: Income-Based vs. Cost-Based Approaches to Alleviating Poverty, written by Ryan BourneThe Regressive Effects of Child-Care Regulations, written by Ryan Bourne in Regulation MagazineRelated Content:Bringing Wealth to the Poor (with Michael Tanner), Free Thoughts PodcastLibertarianism and the Poor, written by Matt ZwolinskiPeople, Not Ratios: Why the Debate Over Income Inequality Asks the Wrong Questions, Free Thoughts Podcast See acast.com/privacy for privacy and opt-out information.

A Brexit deal is on the table. How ugly could it be? Ryan Bourne discusses the challenging sales pitch and complicated politics of Britain leaving the European Union. See acast.com/privacy for privacy and opt-out information.

Listen to an audio version of Ryan Bourne's op-ed "In Bernie Sanders vs. Amazon’s Jeff Bezos, Only Workers Lose." See acast.com/privacy for privacy and opt-out information.

Senator Bernie Sanders believes that public assistance benefits provided to workers constitute subsidies to their employers. He couldn't be more wrong, according to Ryan Bourne.Related paper: "Government and the Cost of Living: Income-Based vs. Cost-Based Approaches to Alleviating Poverty," by Ryan Bourne See acast.com/privacy for privacy and opt-out information.

What would market-based welfare reform look like? Embracing reforms to lower prices for many of the most basic essentials for living would have the added benefits of not further burdening taxpayers. Ryan Bourne details his new paper on the subject. See acast.com/privacy for privacy and opt-out information.

full 0:02:55 Ryan Bourne

Chad VanGaalen, Chris Dadge, and Ryan Bourne talk about Calgary, the Hillside Festival, R.E.M., David Letterman, Preoccupations, the future and more! Supported by Pizza Trokadero, the Bookshelf, Planet Bean Coffee, Grandad's Donuts, and Planet of Sound. 

Tax cuts and spending hikes are worsening an already bleak fiscal picture. Ryan Bourne discusses the fragile future for U.S. fiscal policy. See acast.com/privacy for privacy and opt-out information.

Does the U.S. need a boost in infrastructure spending? Ryan Bourne explains that most American infrastructure, broadly defined, is private. See acast.com/privacy for privacy and opt-out information.

Prime Minister May called for elections ... and she got them, good and hard. Ryan Bourne describes the path forward for Brexit now that British Conservatives have lost their hold on Parliament. See acast.com/privacy for privacy and opt-out information.

President Trump's tax reform plans should include a key benefit for savers: Universal Savings Accounts. Chris Edwards and Ryan Bourne comment. See acast.com/privacy for privacy and opt-out information.

Make America great again! It was President Trump's rallying cry on the campaign trail. And, his win and Brexit's victory at the polls tell us that nationalism is on the rise. But how does that sit with a global economy that is increasingly inter-connected? Every day a soaring amount of information and data crosses national boundaries. So where does that leave the nation state? We hear from both sides of the Atlantic. Manuela Saragosa is joined by guests Joshua Cooper Ramo, co-CEO of Kissinger Associates; Victoria Nash, deputy director of the Oxford Internet Institute; Lawrence Wintermeyer, CEO of Innovate Finance and Ryan Bourne, chair in public understanding of economics at the Cato Institute in Washington. (Photo: US President Donald Trump signs an executive order to start the Mexico border wall project, January 2017. Credit: Nicholas Kamm/AFP/Getty Images)

As Theresa May appears to work toward positioning Britain as a global hub for expanding trade, the U.S. turns inward. Tom Clougherty and Ryan Bourne comment on Brexit, the European Common Market, and Trumpian Protectionism. See acast.com/privacy for privacy and opt-out information.

Ryan Bourne of the Institute of Economic Affairs was in a minority of economists arguing for Brexit. Dan Damon asked him how Britain should respond to the challenges lying ahead. (Picture: British flag and pound coins Credit: Thinkstock)