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PODCAST

Words & Numbers

Words & Numbers touches on issues of Economics, Political Science, Current Events and Policy. Each Wednesday we"ll be sharing a new Words & Numbers podcast featuring Antony Davies Ph.D and James Harrigan Ph.D talking about the economics and political science of current events. Words and Numbers is a CiVL Original Podcasts, learn more at civl.com

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All Episodes

33:58

Episode 175: Listener Special #6

Words & Numbers ·

2020/06/17

In this episode, we answer listener questions that we didn’t have time to cover in the previous listener special episode. Get Your Copy of Cooperation and Coercion Now! https://isi.org/books/cooperation-and-coercion/ Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits Deepfake https://www.forbes.com/sites/robtoews/2020/05/25/deepfakes-are-going-to-wreak-havoc-on-society-we-are-not-prepared/#3748f25d7494 https://www.instagram.com/p/BypkGIvFfGZ/ Oscars

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35:53

Episode 174: Day of the Debt

Words & Numbers ·

2020/06/10

Deficit Day - the hypothetical day on which the federal government’s tax revenues for the year run out - lands on June 21. Not only is that the earliest Deficit Day has fallen since World War II, the date will get revised to even earlier in the calendar if the government undertakes more stimulus spending.

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29:13

Episode 173: Understanding the Perfect Storm

Words & Numbers ·

2020/06/03

The riots sweeping the country are the result of a perfect storm. It’s about racism, but more. It’s about police accountability, but more. It’s about too many people being out of work, but more. The first step to solving our problems is understanding that they are often more complicated than they appear. 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 SpaceX

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36:01

Episode 172: Listener Special #5

Words & Numbers ·

2020/05/27

In this episode, we answer listener questions. 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 Doordash https://themargins.substack.com/p/doordash-and-pizza-arbitrage Joe Biden https://www.foxbusiness.com/technology/amazon-joe-biden-taxes Foolishness of the Week Biden Aims at Charter Schools https://www.youtube.com/watch?v=fgVbi0oD8uM Topic of the Week Your

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29:02

Episode 171: Are Social Distancing Violations the New...

Words & Numbers ·

2020/05/20

In New York City, stop and frisk was controversial because it was a violation of the Fourth Amendment. As implemented, police would stop and frisk people without showing probable cause that the people were committing, or might be committing, a crime. The courts subsequently required that police demonstrate probable cause. But social distancing laws appear to be poised to take the place of stop and frisk, creating the opportunity for police to violate people’s Fourth Amendment rights. Get Your Copy

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35:15

Episode 170: John Stossel Joins Words and Numbers Pt. 2

Words & Numbers ·

2020/05/13

This week is part two of Stossel in the Classroom meets Words & Numbers. We continue the conversation with John Stossel about economics, politics, and society. 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 Peer to Peer Charging https://www.researchgate.net/publication/339350758_P2C2_Peer-to-Peer_Car_Charging Baseball

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34:34

Episode 169: John Stossel Joins Words and Numbers Pt. 1

Words & Numbers ·

2020/05/06

John Stossel joins us this week to talk about economics, politics, and society. This is part one of two, so be sure to tune in next week for more exciting discussions! 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 Naomi’s Potato https://twitter.com/khaleesi_101/status/1255817022551863296/photo/1 Glass in the Soviet Union

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35:44

Episode 168: Not Your Great-Grandfather's Depression

Words & Numbers ·

2020/04/29

A depression differs from a recession in both the severity of the downturn and the duration. Recessions typically last months; the Great Depression lasted a decade. Importantly, the Great Depression started as an economic phenomenon, but the current “Great Suppression” started as a policy phenomenon. State governments deliberately shut down an otherwise vibrant economy. As we prepare to restart our economic engine, we consider things the government did right and did wrong in attempting to restart

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29:01

Episode 167: Viewing the World Through Panic-Tinted...

Words & Numbers ·

2020/04/22

In times of crisis, humans develop a dangerous, asymmetric view of events. We readily see the damage the crisis causes, but we don’t readily see the potential damage that proposed solutions can cause. And when information is uncertain, we tend to believe the worst about the crisis while tending to believe the best about proposed solutions. There is mounting evidence that this is playing out right now with the decision to shut down the economy in order to slow the spread of the coronavirus. Get Your

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39:26

Episode 166: The Economics of Optimism

Words & Numbers ·

2020/04/15

Vernon Smith, winner of the 2002 Nobel Prize in economics joins us on this episode to talk about the economic impact of the coronavirus and why, though we will have to push through some pain, we can be optimistic about the future. 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 Sweden’s Approach to Coronavirus

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28:42

Episode 165: Constitutional Crisis

Words & Numbers ·

2020/04/08

In response to the virus, state and city governments are exercising powers that they wouldn’t have in normal times. State and local governments are ordering businesses to close, restricting people’s right to travel, and talking about legally suspending rent and debt payments. This week, Clark Neily joins us to discuss the black, white, and gray constitutional areas of governmental powers in times of crisis. Get Your Copy of Cooperation and Coercion Now

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32:21

Episode 164: The Future of Public Schooling

Words & Numbers ·

2020/04/01

In the debate over the future of public schooling in the U.S., charter schools may show the way forward. Similar to public schools, charter schools are open to all students and are funded by and answerable to state and local governments. Like private schools, charter schools are free to experiment with curricula and teaching styles, unencumbered by state and local government meddling. Pinnacle Classical Academy, in Shelby, NC, is one example of educational experimentation made possible by charter

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37:50

Episode 163: Interview with Lincoln Chafee

Words & Numbers ·

2020/03/25

Lincoln Chafee is possibly the only politician in US history who has served as mayor, governor, and US Senator and been elected as a Republican, a Democrat, and an Independent. Now Gov. Chafee is running to be the Libertarian Party’s candidate for President of the United States. Gov. Chafee brings the broadest of perspectives on American politics to this week’s Words & Numbers. Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Get Your Copy of Cooperation and

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29:17

Episode 162: The Law of Demanding More Supplies

Words & Numbers ·

2020/03/18

The laws of economics aren’t social conventions that we can choose to follow or ignore as it suits us. When demand for a product outstrips supply, the price of the product rises. Calling it, “price gouging,” and outlawing doesn’t make the price increase go away. It simply hides it in other forms. When it comes to price gouging laws, we only think we are choosing between a high price and a low price. We are actually choosing between a high price and a shortage. Show Your Support for Words & Numbers

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35:09

Episode 161: Why Is It So Hard to Sue the Police?

Words & Numbers ·

2020/03/11

When a person harms another, the harmed party can go to the courts to seek redress. But the Supreme Court sets police and prosecutors above the law. If someone who works in these professions harms you, you will likely be prohibited from suing the person. This week on Words & Numbers, Clark Neily joins us to discuss the ramifications of immunity protections. Show your support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Get your copy of Cooperation and Coercion now

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30:03

Episode 160: Crude Reactions

Words & Numbers ·

2020/03/04

Ten years ago, an explosion on the oil rig Deepwater Horizon killed almost a dozen people and resulted in the worst oil spill in US history. This week, economist and environmental and regulatory expert Peter Van Doren joins us to discuss the incentives in play that contributed to the tragedy. Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits California’s Universal Basic Income

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32:19

Episode 159: Missing the Marx

Words & Numbers ·

2020/02/26

Karl Marx’s thoughts on socialism are popular among politicians and humanities professors, but not so much among business people and economics professors. In this episode, Phil Magness, economic historian and author of The Best of Karl Marx, joins Words & Numbers to talk about how Marx’s teachings were on the way out but got resurrected by political leaders and academics. Show your support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick hits Jeff Bezos Giving $10 Billion

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32:07

Episode 158: Incivility

Words & Numbers ·

2020/02/19

We’ve all experienced incivility on the Internet. But today’s incivility is more than people being rude to each other online. Political leaders have become less civil toward each other, and political parties have become more extremist. Middle America, meanwhile, is becoming less represented as people on the two political extremes listen less to and scream more at each other. Show your support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick hits Dinosaur statue

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27:36

Episode 157: Black Markets

Words & Numbers ·

2020/02/12

Many people imagine that, when the government bans something, the banned thing goes away. In fact, what banning does is to remove government protections against violence, theft, and fraud. Justification for banning things that harm no one other than, perhaps, the person who wants those things hinges on inequality - that some of us should have the right to tell others of us how those others should live their own lives. Show your support for Words & Numbers at Patreon

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30:25

Episode 156: The Government’s Rosy Outlook

Words & Numbers ·

2020/02/05

The Congressional Budget Office is tasked with forecasting the federal budget. Over the past twenty years, the CBO has tended to over-estimate future tax revenues and under-estimate future government spending. The result is that CBO paints an unrealistically rosy picture of the government’s financial future. If we take CBO’s forecasts and compensate for their historically rosy biases, we find that, where the CBO predicts trillion-dollar deficits forever, the likely reality is actually worse. Show

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