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Words & Numbers

51
Words & Numbers

Antony Davies and James R. Harrigan

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Antony Davies and James R. Harrigan co-host Words & Numbers, where they take a non-partisan look at current events through the eyes of an economist and a political scientist. The show is aimed at interested non-experts. Regular episodes come out each Wednesday.
 
The American Institute for Economic Research, also known as AIER, is an economic research institute located in Great Barrington, Massachusetts. It was founded in 1933 by the 20th century economist Edward C. Harwood with the intention of protecting individual rights and continues to produce quality content on subjects of policy, philosophy and economic science.
 
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“You can’t give the lie the same credence as the truth or you will hide in false equivalence and fail the public. Even journalists I know who are socially and politically conservative are signing on to the idea that they must take a stand for the truth.” ~ Llewellyn King
 
Something odd is happening among Americans. People are generally quite nice to each other. Historically, Americans have been a generous people, and most have a good sense of civic duty. Yet, Americans on both the left and the right are angry about our politics. Both sides are coming to view the other as “the enemy.” It’s possible that we’ve reached…
 
Even in the absence of inflation, a dollar in the future is less than a dollar today simply because it exists in the future. Humans have figured out how to use this fact to invent things like mortgages, installment payments, and subscriptions. We talk about the implications of the time value of money, then segue into virtual reality and the future …
 
Goods appear to be randomly missing in stores, and prices seem to be rising. Much of what we're seeing is due to disruptions in the supply chain. This week, we talk with industry insider Mikhail Rasner about what's going on. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at…
 
Phil Magness joins us to discuss critical race theory: what is it, and why is it controversial? Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://www.npr.org/2021/12/16/1064855510/kraft-cream-cheese-20-dolla…
 
“Asking the state to celebrate the holiday is no less hostile to freedom than is asking the state to prohibit its celebration. Christmas is, after all, a celebration. And the last thing anyone should want is the government showing up at the festivities.” ~ James R. Harrigan & Antony Davies
 
We had such good feedback from last week's live tradeoffs episode that we're including the audience Q&A session for this week's episode. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://www.npr.org/2021/12/…
 
“AIER’s Everyday Price Index posted its 12th consecutive increase in November, pushing the 12-month gain to the highest since 2008. Shortages of supplies and materials, logistical and supply chain issues, and labor problems are sustaining upward price pressures. Recurring waves of new Covid cases will likely compound the difficulties.” ~ Robert Hug…
 
What do climate change, the covid lockdowns, taxing billionaires, free college, and free healthcare have in common? In each case, politicians would prefer that voters ignore the reality of tradeoffs. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at Patreon https://www.patr…
 
“The provisions of H.R. 3 being included in the BBBA will only make matters worse, fail to fix the underlying conditions that have distorted the marketplace, and devastate America’s robust and competitive biopharmaceutical marketplace.” ~ Elizabeth Wright
 
As events point to the possibility of a second lockdown, we ask what we have learned from the last one. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers This Week’s Topichttps://www.cdc.gov/nchs/nvss/vsrr/covid19/excess_death…
 
“Powell recommended ditching the term transitory. ‘We tend to use it to mean that it won’t leave a permanent mark in the form of higher inflation,’ he told the Senate Committee. ‘I think it’s probably a good time to retire that word and try to explain more clearly what we mean.’” ~ William J. Luther
 
In response to record-breaking deficits, politicians, pundits, and concerned voters are discussing new sources of tax revenue. Unfortunately, they often conflate wealth, income, and unrealized capital gains. This week, we clarify some of the confusion. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Su…
 
This week, we answer listener questions that cover a gamut of topics. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hitshttps://www.nytimes.com/2021/10/20/technology/personaltech/iphone-upgrades-cost.html Join the Co…
 
“The PWG’s worries for the safety of stablecoin users are most applicable to one set of stablecoins: the set including USD Coin and Tether. A ‘banks-only’ model may be an improvement for some stablecoins, but it certainly isn’t the only way to ensure stablecoins are safe.” ~ J.P. Koning
 
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