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The Wednesday Season 2 Official Woecast

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Here We Woe Again: Jenna Ortega, Creators Al Gough & Miles Millar 31:46

30 hari yang lalu31:46

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31:46

BE WARNED! This podcast will contain spoilers for Wednesday Season 2, episodes 1-4. Jenna Ortega peels back the layers on the new tension between Wednesday and Enid. And that terrifying vision! Plus… Series showrunners Al Gough and Miles Millar reveal why they made Morticia Addams such a central character in this season, and what it means for Wednesday. Whether you’re a normie or an outcast, the Wednesday Season 2 Official Woecast is the place for all things Nevermore! Join host Caitlin Reilly each week as she takes you deep into the twisted world of Wednesday with an amazing group of guests! And producer Thing will be helping out to make sure everything goes to plan - well, mostly, anyway... For more juicy details about Wednesday Season 2, head over to Tudum.com to get all of the latest updates. 00:00 Intro 1:15 Preparing for Season 23:25 Evolving Wednesday’s look for Season 24:12 Addams clan expands for Season 26:12 Joanna Lumley joining the cast 7:38 Wednesday and Enid 9:00 Wednesday’s Vision 10:50 Jenna is a Producer 13:45 Al and Miles introduction 14:03 Wednesday takes down a Serial Killer 15:05 Intergenerational Relationships between the Addams Women 17:48 Catherine Zeta-Jones as Morticia in Season 2 20:48 Wednesday and Enid’s relationship2 4:04 Steve Buscemi joining the cast 26:19 Wednesday’s popular! 27:45 Boy with the Clockwork Heart stop motion sequence…

Economics Explored

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Hard-headed economic analysis applied to important economic, social, and environmental issues.

297 episode

#Business #Gene Tunny #Economics #Finance

Economics Explored

48 subscribers

updated 6 hari yang lalu

Beranda serial•Feed

Hard-headed economic analysis applied to important economic, social, and environmental issues.

297 episode

#Business #Gene Tunny #Economics #Finance

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Economics Explored

1
Beyond the Roundtable: Real Solutions for Australia’s Productivity Plunge - ep295 53:07

6 hari yang lalu53:07

53:07

In this candid discussion, show host Gene Tunny joins a panel to expose the shortcomings of the Australian Government’s August 2025 economic reform summit. Topics include the high cost of energy, tax policy, the ballooning NDIS and big government generally, AI regulation, and Senator Matt Canavan’s rival roundtable, which Gene attended. This episode borrows the audio from Damian Coory’s The Other Side episode broadcast on YouTube on 22 August 2025. The other guests are Graham Young, Executive Director of the Australian Institute for Progress, and Dan Petrie, a data analyst and former editor at Bloomberg. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Australian Government's Economic Reform Roundtable Overview (0:00) Critique of the Official Roundtable (3:26) Challenges in Defining Productivity and Addressing Labor Market Issues (6:59) Impact of Government Spending and Energy Costs on Productivity (9:48) Innovation and Small Business Challenges (34:00) Taxation and Economic Reform Proposals (34:29) NDIS and Healthcare Funding Challenges (51:04) Final Thoughts on the Roundtable and Future Directions (51:15) Takeaways The Official Roundtable Lacked Focus & Diversity: Only six business leaders were among 30 participants — a serious oversight for a summit focused on productivity and economic reform. Energy Costs Are a Major Barrier: Australia’s rapid rollout of renewable energy is raising energy prices, affecting both consumers and heavy industries. Government Spending Is Too High: Public spending is nearing 40% of GDP, with half of Australians now receiving government income, raising concerns about sustainability and productivity. Small Business & Innovation Ignored: There was little meaningful discussion of the role of small business or innovation in driving productivity. AI Regulation Needs a Balanced Approach: The roundtable discussions on AI were dominated by union concerns, focusing on job protection rather than innovation. This risks stifling technological advancement and missing opportunities for productivity gains. NDIS Costs Are Spiralling Out of Control: The National Disability Insurance Scheme is growing at an unsustainable rate, with concerns about high eligibility and inadequate oversight. The government’s proposed changes lack proper consultation and shift costs to the states. Links relevant to the conversation The Other Side episode - “AUSTRALIA's Decline - No Vision, No Innovation, Just MORE Big Government and Taxes”: https://youtu.be/FeicrCu2sO0?si=Rd8xZV_CsmLzikW0 Senator Matt Canavan’s roundtable broadcast on Sky News - “Real Productivity Roundtable reveals four ways to save Australia:” https://youtu.be/4xBGcjIXgHU?si=Uk1kaqq92bhacSma Robert Carling’s recent paper - “Leviathan on the Rampage: Government spending growth a threat to Australia’s economic future”: https://www.cis.org.au/publication/leviathan-on-the-rampage-how-the-growth-of-government-is-draining-australias-economic-vitality/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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AI’s Economic Disruption: Infinite Intelligence at our Fingertips? w/ Prof. Chris Berg & John Humphreys - ep294 46:18

14 hari yang lalu46:18

46:18

Professor Chris Berg from RMIT University discusses the transformative potential of AI, likening it to the next industrial revolution. He argues that AI, particularly tools like ChatGPT, can boost white-collar productivity by up to 40%. Governments should cautiously avoid AI regulation to maximise these gains. Berg emphasises AI's bottom-up adoption and its exponential advancements. He also touches on the social implications, including the formation of parasocial relationships with AI and the potential for AI to displace certain jobs. The conversation, with ATA Chief Economist John Humphreys and Economics Explored host Gene Tunny, highlights AI’s dual promise of productivity gains and societal challenges. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Introduction to AI and Productivity (0:00) Government's Approach to AI Regulation (3:01) Bottom-Up Technology and Industrial Applications (9:40) Comparisons to Previous Industrial Revolutions (12:04) Social and Economic Implications of AI (16:46) AI and Human Labour (17:15) AI's Role in Public Policy Debates (35:41) Conclusion and Future Prospects (38:35) Takeaways AI as “Infinite Intelligence” – Berg views AI, particularly LLMs like ChatGPT, as offering effectively infinite intelligence, capable of dramatically transforming productivity. White-Collar Disruption – AI is not just about automating manual labour. It poses a serious threat (and opportunity) for traditionally “smart” jobs like writing, research, and art. Regulatory Caution – While Europe has rushed to regulate AI, Australia hasn’t, allowing innovation and productivity gains to take root. Parasocial Relationships with AI – AI companions (e.g., AI-infused toys or assistants) may change human interaction, especially among children and vulnerable populations. Rethinking Migration via Robots – Remote-controlled humanoid robots may one day allow low-skilled workers in developing countries to "work" in advanced economies without leaving home. Links relevant to the conversation ATA livestream on 21 August with Chris Berg: https://austaxpayers.substack.com/p/productivity-ideas-with-chris-berg Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Cash Flow Tax, Gas Bans & Big Government w/ John Humphreys - ep293 55:04

28 hari yang lalu55:04

55:04

Show host Gene Tunny and Australian Taxpayers’ Alliance Chief Economist John Humphreys tackle hot topics in Australian economic policy: the case for a cash flow company tax, the politics and maths of a gas ban, why stamp duty drags the economy, the growing size of government and the cost of living crisis. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Introduction and Greens’ Gas Ban (0:00) Government Spending and Adverse Effects on Economic Dynamism (8:32) Stamp Duty and Efficiency Cost (19:42) Inflation Data and Cost of Living Crisis (25:39) Productivity Commission's Company Tax Reform (28:55) Workers' Compensation and Tax Incidence (43:11) Tariffs and Taxation (54:52) Takeaways Cash Flow Tax Reform – The Productivity Commission proposes cutting company tax to 20% for most firms, adding a 5% cash flow tax, and keeping the system revenue neutral—aimed at boosting investment. Gas Ban Impact – John argues the NSW Greens’ proposal would delay global warming by only 10 hours by 2100, even under optimistic assumptions, yet could raise costs for consumers and businesses. Stamp Duty Inefficiency – Economic modelling by the Centre of Policy Studies (CoPS) shows stamp duty’s deadweight loss at 70–80 cents per $1 raised, far worse than GST or income tax. Government Spending Growth – The CIS’s Robert Carling claims over half of Australians now earn primary income from government sources, raising concerns about productivity and political incentives. Hidden Tax Burdens – Workers’ compensation costs, though nominally paid by employers, often reduce workers’ wages in the long run, John argues. Links relevant to the conversation ATA livestream on 7 August: https://austaxpayers.substack.com/p/australia-considers-cashflow-tax John’s article on Greens’ gas ban: https://austaxpayers.substack.com/p/greens-propose-gas-ban PC’s cash flow tax proposal: https://www.pc.gov.au/inquiries/current/resilient-economy/interim Leviathan on the Rampage: Government spending growth a threat to Australia’s economic future https://www.cis.org.au/publication/leviathan-on-the-rampage-how-the-growth-of-government-is-draining-australias-economic-vitality/ CoPS on stamp duty: Some taxes are inefficient at any level. Even modest reforms will help https://www.vu.edu.au/about-vu/news-events/news/some-taxes-are-inefficient-at-any-level-even-modest-reforms-will-help Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Raleigh’s Rise: America’s #1 Best-Performing City w/ Kyle Touchstone, Raleigh Economic Development 56:12

6 weeks yang lalu56:12

56:12

Kyle Touchstone, Director of Raleigh Economic Development, shares with us how Raleigh became the top-ranked large city in the US, according to the Milken Institute. Kyle and show host Gene Tunny discuss the city's success in biotech, AI, quantum computing, and advanced manufacturing—all underpinned by the world-class universities and innovation ecosystem of North Carolina’s Research Triangle. The conversation also explores Raleigh’s growing role in the gaming industry, including its connection to Epic Games—the creator of Fortnite—and the rise of eSports in the region. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Raleigh's Economic Growth and Milken Institute Ranking (0:00) Industry Sectors and Infrastructure in North Carolina (5:17) Significant Announcements and Investments (7:23) Population Growth and Quality of Life (12:23) Entrepreneurial Ecosystem and Community Support (15:08) Tax Policy and Economic Development (15:35) Quantum Computing and AI (19:49) Sports and Entertainment (43:40) eSports and Gaming (47:55) Lessons in Economic Development (50:39) Takeaways Top Rankings: Raleigh was named the #1 best-performing large city by the Milken Institute and is part of the #1 state for business (North Carolina, per CNBC). Research Triangle Advantage: Home to NC State, Duke, and UNC Chapel Hill, the Research Triangle fuels innovation with top-tier talent and research. Massive Investment: Biotech firms, such as Biogen, Amgen, and Genentech, have invested billions, drawn by the infrastructure, affordability, and access to research. Quantum & AI Leadership: IBM’s quantum hub and regional AI focus are positioning Raleigh as a leader in next-gen computing. Entrepreneurial Ecosystem: Startups like Pendo and social enterprises like 321 Coffee thrive thanks to a strong support network and educational institutions. Links relevant to the conversation Raleigh, NC and Gainesville, GA Top Milken Institute’s 2025 Annual Ranking of Best-Performing Cities: https://milkeninstitute.org/content-hub/news-releases/raleigh-nc-and-gainesville-ga-top-milken-institutes-2025-annual-ranking-best-performing-cities Raleigh Economic Development: https://www.raleighecondev.org/ Zoom catch up with show host Gene Tunny Join Gene and other listeners for a catch-up on Zoom on Thursday, 31 July at: 21.30 to 22.30 AEST/GMT+10 (Australian East Coast time) 12.30 to 13.30 BST/GMT+1 (British Summer time) 07.30 to 08.30 EDT/GMT-4 (US East Coast time) The link to the Zoom room is: https://us02web.zoom.us/j/9471595560 RSVP by 20.00 GMT+10 on 31 July to contact@economicsexplored.com Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Interest Rates, Australia’s 3 Biggest Challenges, Global Fertility Crash, & the Tobin Tax Debate w/ John Humphreys, Australian Taxpayers’ Alliance 57:25

8 weeks yang lalu57:25

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Show host Gene Tunny and colleague John Humphreys dissect Australia’s latest controversial Reserve Bank interest rate decision, debating inflation targeting and central bank independence. They challenge conventional economic thinking, particularly around the NAIRU—the Non-Accelerating Inflation Rate of Unemployment (NAIRU). The episode also tackles the implications of declining fertility rates globally, the controversial Tobin tax on financial transactions, and critiques current climate policies through an economic lens. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Reserve Bank of Australia's Interest Rate Decision and Inflation Targeting (0:00) Debate on RBA Independence and Inflation Targeting (8:12) Challenges Facing the Australian Economy (23:00) Libertarian Perspectives on Currency and Population Decline (35:33) Economic Implications of Declining Fertility (36:31) Tobin Tax and Its Economic Rationale, Pros and Cons (50:12) Conclusion and Future Topics (56:48) Takeaways RBA Decision Controversy: The RBA's recent decision on interest rates highlights the complexity and uncertainty around inflation management. NAIRU Concept Critique: The Non-Accelerating Inflation Rate of Unemployment is flawed and may misguide policy, according to John Humphreys. Demographic Concerns: Declining fertility and aging populations could be the defining issue of the 21st century. Economic Impacts of Climate Policy: Current climate change actions often lack transparent cost-benefit analyses, raising economic risks. Risks of Tobin Taxes: Tobin taxes seem feasible at low levels but risk inefficiency, evasion, and global governance issues. Links relevant to the conversation Full ATA livestream “ATA Live #20: Tobin tax & interest rates”: https://www.youtube.com/live/34WBRZNbwwc?si=TPU14g7SffIXuWMP Australian Taxpayers’ Alliance: https://www.taxpayers.org.au/ Zoom catch up with show host Gene Tunny Join Gene and other listeners for a catch-up on Zoom on Thursday, 31 July at: 21.30 to 22.30 AEST/GMT+10 (Australian East Coast time) 12.30 to 13.30 BST/GMT+1 (British Summer time) 07.30 to 08.30 EDT/GMT-4 (US East Coast time) The link to the Zoom room is: https://us02web.zoom.us/j/9471595560 RSVP by 20.00 GMT+10 on 31 July to contact@economicsexplored.com Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Listener Mailbag: Starve the Beast, Property Tax, and NDIS & Productivity Debates 51:20

9 weeks yang lalu51:20

51:20

Show host Gene Tunny delves into listener feedback on recent episodes regarding the feasibility of tax cuts preceding spending cuts ("starve the beast"), a capital gains tax on property, and the practicality of Georgist land taxes. He explores the complexities behind Australia's productivity challenges and regulatory capture issues raised by listeners. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Feedback from Listeners and Show Updates (0:00) Discussion on the Starve the Beast Theory (2:26) Listener Feedback from Australia (8:25) Georgism and Property Taxation (20:11) Feedback on Productivity and Regulatory Capture (26:25) NDIS and Labour Force Participation (30:16) Tax Reform and Efficiency (41:15) Closing Remarks and Future Plans (50:21) Takeaways Tax Cuts Need Matching Spending Cuts: The "starve the beast" theory—that tax cuts alone will force spending cuts—is usually ineffective, historically resulting in higher deficits and debt. Capital Gains Tax Controversy: Taxing capital gains on family homes would be politically unpopular and controversial. Productivity and NDIS Debate: Growth in social services sectors, such as Australia’s National Disability Insurance Scheme, may negatively impact productivity measures, although this growth may also bring social benefits. Avoid Regulatory Capture: Effective regulatory reform requires vigilance against corporate lobbying and vested interests to ensure regulations genuinely benefit the public. Links relevant to the conversation Previous episodes: Australia’s productivity problem w/ John Humphreys: https://podcasts.apple.com/au/podcast/australias-productivity-problem-can-it-be-fixed-w-john/id1480645795?i=1000712724732 Rethinking Property and Taxation: The Georgist Approach w/ John August https://podcasts.apple.com/au/podcast/rethinking-property-and-taxation-the-georgist-approach/id1480645795?i=1000703744281 Fixing Australia’s Housing Crisis: Fusion’s Plan w/ Owen Miller https://podcasts.apple.com/au/podcast/fixing-australias-housing-crisis-fusions-plan-w-owen/id1480645795?i=1000700967776 Livestream on superannuation with John Humphreys and Cameron Murray: https://www.youtube.com/live/SlGCSaiGCVU?si=sj-ySFaccJUm08sg Articles on the failure of the land value tax in the early 20th-century UK: https://marginalrevolution.com/marginalrevolution/2025/03/the-failure-of-the-land-value-tax.html https://worksinprogress.co/issue/the-failure-of-the-land-value-tax/ Book review of Kaldor’s Expenditure Tax monograph: http://piketty.pse.ens.fr/files/Kaldor1955ExpenditureTaxDebate.pdf Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Chaos is Costly: Navigating Economic Uncertainty w/ Rebecca Homkes, Duke Corporate Education 54:35

10 weeks yang lalu54:35

54:35

Rebecca Homkes of Duke Corporate Education and London Business School joins the show to discuss how economic and trade policy chaos is hindering strategic decision-making in global firms. Rebecca shares how to spot the CEOs who are genuinely thinking ahead—those who anchor their choices in beliefs and prepare to adapt as conditions change. We also explore AI’s real value in business: not just saving time, but repurposing it for higher-value work and strategic growth. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Introduction and Overview of the Podcast (0:00) Manufacturing Jobs vs. Manufacturing Capacity (1:03) CEO Strategic Paralysis and Policy Uncertainty (16:31) Regulation and Economic Policy (16:47) Vision for the Future and National Security Concerns (20:10) CEO Strategies in Uncertain Times (23:36) Exemplars of Strategic Preparation (28:08) Impact of AI on Business Strategy (36:56) Challenges in AI Adoption (47:51) Future of Jobs and AI (49:57) Conclusion and Final Thoughts (52:01) Takeaways Chaos breeds inaction – CEOs facing policy and geopolitical uncertainty often freeze, avoiding significant investments due to a lack of clarity. AI’s true value lies in repurposed time – Businesses should measure AI’s success not by time saved, but by how that time is used for higher-value tasks. Strategic beliefs drive resilient planning – The best-performing organisations base decisions on articulated beliefs, not reactive responses. Links relevant to the conversation Rebecca’s website: https://www.rebeccahomkes.com/ Rebecca’s book Survive, Reset, Thrive: https://www.surviveresetthrive.com/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Australia’s Productivity Problem: Can It Be Fixed? w/ John Humphreys, Australian Taxpayers’ Alliance 59:39

12 weeks yang lalu59:39

59:39

Gene Tunny and John Humphreys dissect the causes behind Australia's productivity slump, analysing recent GDP data, labour market policies, and regulatory constraints. They debate whether tax cuts should precede spending cuts and question the effectiveness of central planning and government intervention (i.e. ‘picking winners’) in driving innovation. John is Chief Economist at the Australian Taxpayers’ Alliance (ATA). This episode is the audio of an ATA livestream on 12 June 2025. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps National Accounts and Productivity Concerns (0:00) Government's Productivity Roundtable and Regulatory Reforms (4:34) Economic Policy and Institutional Reforms (8:19) Challenges in Private Investment and Productivity Measures (13:56) Industrial Relations and Labour Market Reforms (18:14) Housing Market and Regulatory Barriers (22:56) Tax Reforms and Fiscal Responsibility (29:59) Superannuation Tax Changes and Political Implications (47:15) Conclusion and Future Prospects (57:22) Takeaways Australia is in an 8-year productivity slump, with minimal growth in GDP per hour worked and GDP per capita declining in most recent quarters. The Albanese Government’s proposed productivity roundtable is met with scepticism, particularly due to its unwillingness to touch industrial relations. Private investment remains weak, threatening future economic growth despite government spending and immigration-fueled expansion. Superannuation changes are controversial, especially the proposal to tax unrealised gains and the lack of indexation, prompting fears of unfair treatment of self-managed funds. Regulation, housing policy, and taxation are significant barriers to productivity; both speakers call for serious reform and question whether centralisation in Canberra helps or hinders progress. Links relevant to the conversation ATA livestream (i.e. video of this episode): https://www.youtube.com/live/lDlner_PHc0?si=1M9krIiPwvIcFxLs ATA website: https://www.taxpayers.org.au/ Australia’s National Accounts: https://www.abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-national-income-expenditure-and-product/latest-release Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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What if Fort Knox Gold is Impure or Missing? 55:23

13 weeks yang lalu55:23

55:23

Gene Tunny and Darren Brady Nelson delve into the gold reserves at Fort Knox, exploring whether the gold is as pure as expected and what the implications might be for the U.S. dollar if it's not. They cover the history of gold confiscation, central bank policies, and the enduring allure of gold in uncertain economic times. This episode was inspired by a question Gene received at a talk he gave to the AusIMM Sydney branch in April 2025. Darren is currently the Chief Economist at Fisher Liberty Gold. This episode contains general information only, and nothing in this episode should be considered as investment or financial advice. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Darren Brady Nelson's Role at Fisher Liberty Gold (0:00) Investing in Gold Through Fisher Liberty Gold (3:00) The Gold in Fort Knox: Historical Context and Implications (5:11) The Quality and Purity of Gold in Fort Knox (7:58) The Role of Gold in Economic Uncertainty and Impact of Tariffs (28:57) Central Banks’ Role in Gold Markets (34:08) The Future of Gold and Monetary Policy (38:37) The Independence of Central Banks (40:53) The Role of Government in Economic Growth (48:46) Final Thoughts and Future Topics (53:41) Takeaways Fort Knox's Gold Purity Questioned: Much of the U.S. gold reserve came from coin melts, meaning it may fall short of the “Good Delivery” standard of 99.5% purity. Audit Calls from High Places: Figures like Trump, Elon Musk, and Rand Paul have recently advocated for a Fort Knox audit. Central Banks Stockpile Gold: Global central banks are shifting reserves from U.S. dollars to gold, with 1,000 metric tons of gold purchases expected in 2025. Gold as Growth, Not Just Protection: Darren's modelling shows gold may outperform the S&P 500 over the long term. Audit the Fed?: The episode concludes with a discussion on Ron Paul's push to audit the Federal Reserve and whether central banks should remain as independent as they are. Links relevant to the conversation Fisher Liberty Gold: https://www.fisherlibertygold.com/ Mises Institute article “The Gold at Fort Knox Was Stolen from Americans”: https://mises.org/mises-wire/gold-fort-knox-was-stolen-americans Mises Institute article “How Much Gold Does the US Government Own, and Where Is It?”: https://mises.org/power-market/how-much-gold-does-us-government-own-and-where-it Reuters report on central bank gold purchases: https://www.reuters.com/world/india/central-banks-track-4th-year-massive-gold-purchases-metals-focus-says-2025-06-05/ Bernanke’s apology for Great Depression on behalf of the Fed to Milton Friedman: https://www.federalreserve.gov/boarddocs/speeches/2002/20021108/ Perth Mint: https://www.perthmint.com/ In Gold We Trust report: https://ingoldwetrust.report/?lang=en Peter Bernstein’s book “The Power of Gold”: https://www.amazon.com.au/Power-Gold-New-Foreword-Obsession/dp/111827010X Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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The Global Economic Chessboard: Trump, Trade, and Transformation w/ Emmanuel Daniel 42:53

15 weeks yang lalu42:53

42:53

Emmanuel Daniel, founder of the Asian Banker, explains how global economic dynamics are shifting. The discussion covers the decline of multilateral trade arrangements, the strategic blunders in U.S. tariff policy, why a BRICS currency won’t replace the US dollar as the global reserve currency, and the rise of domestic fintech infrastructures that challenge Western dominance in financial services. For example, the challenges Visa and Mastercard face in Indonesia are explored. Emmanuel Daniel, founder of the Asian Banker, explains how global economic dynamics are shifting. The discussion covers the decline of multilateral trade arrangements, the strategic blunders in U.S. tariff policy, why a BRICS currency won’t replace the US dollar as the global reserve currency, and the rise of domestic fintech infrastructures that challenge Western dominance in financial services. For example, the challenges Visa and Mastercard face in Indonesia are explored. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Global Economic Trends and Trade Wars (0:00) Impact of Trump's Trade Policies on the US (3:11) Evolution of the US Economy and Services Industry (6:19) Concerns About US Recession and Consumption (11:53) Reactions from Exporting Countries (14:56) Challenges for US Corporations in Emerging Markets (22:37) BRICS and the Future of the US Dollar (27:55) Geopolitical Implications of Trade Policies (39:12) Long-Term Economic Trends and AI (39:33) Final Thoughts and Future Prospects (42:18) How would you rate this summary? Takeaways Capital Flows Over Trade: The U.S.'s remaining global leverage lies in capital flows—not trade—due to its deep, open financial markets and dominance in dollar-based transactions. Tariff Tactics Are Backfiring: Trump’s tariff policies lack coherence and are harming U.S. markets and consumers. There's no clear playbook, only reactionary moves. BRICS Currency Is a Mirage: Internal distrust among BRICS nations and incompatible fiscal policies make a unified currency unfeasible, at least in the near future. Global Shift in Financial Services: Countries like Indonesia and India are creating their own payment systems, sidelining U.S. giants like Visa and MasterCard in favor of local fintech solutions. We’re in a New Multipolar Era: Similar to pre-WWI geopolitics, the world is entering a new phase of power realignment—this time driven by technology, information, and AI. Links relevant to the conversation About this episode’s guest Emmanuel Daniel: https://www.emmanueldaniel.com/biography-and-contact/ Previous episode on real time payments featuring World Bank expert: https://economicsexplored.com/2025/04/03/inside-project-fastt-real-time-payments-for-all-ep278/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

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Beyond Stocks and Bonds: Exploring Alternative Assets, e.g. private credit, VC, farmland, infrastructure w/ Kim Flynn, XA Investments 56:10

16 weeks yang lalu56:10

56:10

Kim Flynn, President of XA Investments, discusses her 25-year career in asset management, focusing on alternative investments. She highlights the challenges faced during the 2008 financial crisis at Nuveen Investments, where she refinanced $15 billion in frozen auction rate securities. Flynn explains the structure and benefits of closed-end funds, particularly interval funds, which offer periodic liquidity. She details XA Investments' three SEC-registered closed-end funds with $900 million in assets, emphasizing private credit strategies with yields ranging from 9% to 15%. Flynn also explores the potential of alternative investments like farmland, infrastructure, and crypto, noting their role in portfolio diversification and income generation. Note: this episode contains general information only and is not financial or investment advice. Please let Gene know your thoughts on this episode by emailing him at contact@economicsexplored.com . About Kimberly Ann Flynn Kimberly Ann Flynn is a President at XA Investments. She is a partner in the firm and responsible for all product and business development activities. Kim is responsible for the firm's proprietary fund platform and consulting practice. Kim has developed an expertise in closed-end fund product development and is a frequent contributor to media and industry events on topics including interval funds, alternative investments and London-listed investment companies. Kim has earned the CFA designation and is a member of the CFA Institute and CFA Society Chicago. She is also Series 7, 63 and 24 licensed. Previously, Kim was Senior Vice President and Head of Product Development for Nuveen Investments' Global Structured Products Group. In her 11 years at Nuveen, she helped develop over 40 closed-end funds, raising approximately $13 billion in capital. In her leadership role at Nuveen, Kim was responsible for asset-raising activities through the development of new, traditional and alternative investment funds, including CEFs, ETFs, UITs and commodity pools. Kim received her MBA degree from Harvard University, where she was a William J. Carey scholar and President of the HBS Volunteers. Before attending Harvard Business School, Kim spent three years working in Morgan Stanley's Investment Banking Division (1999-2002) in their Chicago office. She earned her BBA in Finance and Business Economics, summa cum laude, from the University of Notre Dame in 1999 where she was a valedictorian candidate, Rhodes Scholar finalist and the first recipient of the Paul F. Conway Award, given to a senior in the Department of Finance who embodies Notre Dame's tradition of excellence and who enriches the ideals of the university. Kim was recently selected to serve on the Notre Dame Wall Street leadership committee. She also serves on the board of the Women in ETFs Chicago chapter as Head of the Mentorship Committee and on the advisory board of Youth Guidance's Becoming A Man program. She is an active member of the University Club of Chicago and the Harvard Club of New York City, where she conducts regular business. Kim and her family - husband, Leo; son, Teddy; and daughter, Rose - live in Lincoln Park. Timestamps Introduction (0:00) Kim Flynn's Career Journey (3:09) Experience During the 2008 Financial Crisis (4:41) Development of New Financial Products Post-Crisis (7:17) Understanding Closed-End Funds and Interval Funds (8:48) Investment Strategies and Alternative Assets (21:01) Energy Investments and ESG Considerations (29:02) Gold, Crypto, and the Role of FinTech (31:36) Evaluating Asset Managers and Investment Strategies (35:03) Investment Outlook and Market Dynamics (47:07) Takeaways Alternative Investments Offer Diversification: Kim Flynn explains that alternative investments, including real estate, private credit, and farmland, provide diversification benefits, reducing reliance on traditional stocks and bonds. Liquidity Management is Crucial: Interval funds allow limited liquidity for investors, making them suitable for illiquid asset classes like private equity and real estate. Lessons from the 2008 Crisis: Kim shares her experience during the financial crisis, where she managed funds impacted by frozen liquidity, highlighting the importance of flexibility and innovation. Private Credit and Farmland Are Popular: Kim notes that private credit and farmland investments have seen significant interest due to their yield potential and inflation protection. Understanding Liquidity Premiums: Kim emphasizes that investors should seek a 300-400 basis point premium for illiquid investments compared to equivalent public market assets. Links relevant to the conversation Kim’s bio on the XA Investments website: https://xainvestments.com/team/ US Treasury webpage on the Troubled Asset Relief Program (TARP): https://home.treasury.gov/data/troubled-asset-relief-program Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Exploring the Future of Personalized AI w/ Lotic CEO Bill Welser 58:06

17 weeks yang lalu58:06

58:06

Gene Tunny interviews William ‘Bill’ Welser IV, the visionary behind Lotic, an AI startup designed to transform personal data into actionable insights while protecting user privacy. Bill discusses how Lotic’s AI-powered digital companion is designed to help users make better decisions, improve mental health, and understand their behavior patterns. The episode dives into ethical considerations, data security, and the economic implications of widespread AI adoption. Please let Gene know your thoughts on this episode by emailing him at contact@economicsexplored.com . Timestamps Introduction (0:00) Bill Welser's Vision for Lotic AI (3:14) Data Collection and User Interaction (6:18) Behavioral Insights and Health Applications (14:20) Privacy and Legal Considerations (32:51) User Demographics and Market Reach (34:58) Startup Journey and Future Plans (44:12) Takeaways Personalized AI as a Digital Companion: Lotic aims to transform individuals from passive data subjects into active agents by providing personalized insights. The AI helps users understand themselves better, make small behavioral changes, and potentially improve mental health, relationships, and job satisfaction. Privacy and Ethical Data Collection: Bill Welser emphasizes a deliberate, privacy-first approach to data collection. Lotic uses advanced cryptography, blockchain technology, and user-controlled data sharing to protect personal information, ensuring users have agency over their data and insights. Potential Economic Impact of AI: Welser suggests that as AI disrupts traditional job markets, individuals could leverage their personal data as a form of currency. He believes creating comprehensive, discrete personal data sets could help mitigate potential unemployment waves and provide new economic opportunities for people. Links relevant to the conversation Lotic website: https://www.lotic.ai/ CEO Magazine profile of Bill Welser IV: https://digitalmag.theceomagazine.com/william-welser-iv/?r=global Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us about Who We Really Are https://www.amazon.com.au/Everybody-Lies-Internet-About-Really/dp/0062390856 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Smarter Density: A Blueprint for Better Cities w/ top US architect Kevin Kennon 55:45

18 weeks yang lalu55:45

55:45

Kevin Kennon, an award-winning architect, discusses the future of cities, housing affordability, and the role of architecture in urban life. He emphasizes the importance of smarter density, mixed-use developments, and integrating residential, commercial, and community spaces. Kennon highlights the impact of tariffs on housing costs and the need for free trade. He also discusses the benefits of prefabricated components over modular housing and the role of urban transport in housing affordability. Kennon advocates for architects to have a greater role in shaping public policy to improve livability and economic vitality in cities. Please let Gene know your thoughts on Trump’s tariffs and any questions or comments regarding this episode by emailing Gene at contact@economicsexplored.com . About Kevin Kennon Kevin Kennon is an internationally renowned architect with over 40 years of experience, specializing in environmentally sustainable and innovative design. As the founder and CEO of Beyond Zero DDC Inc., Kevin leads the development of zero-carbon emission luxury eco-resorts in remote wilderness locations worldwide, merging design excellence with ecological responsibility. His extensive portfolio includes projects like the 1.5 million square foot Barclays North American Headquarters, the Rodin Museum in Seoul, and multiple award-winning Bloomingdale’s stores. Additionally, he led United Architects, a finalist in the prestigious World Trade Center design competition, further solidifying his impact on architectural innovation. Kevin’s expertise spans adaptive reuse, urban planning, and large-scale developments, with projects featured in the permanent collection of MoMA, New York. He has earned over 40 international design awards and is a sought-after thought leader, contributing to discussions on urban development, climate change, and sustainable architecture. His work extends beyond architecture; as an expert witness and lecturer at leading institutions like Yale and Columbia, he brings a multidisciplinary approach to his craft. Timestamps Introduction (0:00) Kevin Kennon's Journey into Architecture (2:53) Economic Considerations in Architecture (7:13) Impact of Tariffs on Housing Affordability (11:22) Challenges in Housing Development (15:53) NIMBY Issues and Urban Development (18:19) Principles of Better Urban Design (21:00) Social Housing and Public Investment (33:01) Role of Urban Transport in Housing Development (38:05) Modular Housing and Productivity (44:12) Takeaways Smarter Density is Key : Cities should move away from rigid zoning that separates residential and commercial spaces, instead creating mixed-use developments that blend different functions and create more vibrant, integrated neighborhoods. Architecture is About Imagining the Future : Architects are not just solving spatial problems, but are critical thinkers who can help design more livable, affordable, and sustainable urban environments that address complex social and economic challenges. Economic Considerations Drive Urban Design : Real estate development is deeply influenced by economic factors like tariffs, interest rates, and investment strategies, which significantly impact housing affordability and urban development. User Control Enhances Productivity : Workplace design should focus on giving people greater control over their environment, including temperature, lighting, and space configuration, which can improve overall productivity and satisfaction. Modular Housing Has Limitations : While prefabricated housing components show promise for reducing construction costs, they are not a magic bullet for housing affordability. Successful solutions require a holistic approach considering local conditions, transportation, and community needs. Links relevant to the conversation Kevin’s Wikipedia entry: https://en.wikipedia.org/wiki/Kevin_Kennon Economics Explored episode w/ Natalie Rayment, YIMBY QLD on the Missing Middle in housing: https://economics-explained.simplecast.com/episodes/missing-middle-housing-other-urban-planning-issues Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

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Rethinking Property and Taxation: The Georgist Approach w/ John August 53:52

20 weeks yang lalu53:52

53:52

Nineteenth-century American economist Henry George blamed poverty and depressions on landlords. George argued that their rents were associated mainly with public investments and should be shared with the community. Show host Gene Tunny speaks with returning guest John August about Georgism—the economic philosophy of Henry George that advocates for a single tax on land value. They explore the ethical and economic arguments behind taxing land, its historical popularity, and how it is perceived today. The discussion covers economic rent, speculation, tax distortions, and housing policy, critically examining Georgism's assumptions and limitations. John is the Fusion Party candidate for Bennelong in the upcoming Australian federal election. Please let Gene know your thoughts on Trump’s tariffs and any questions or comments regarding this episode by emailing Gene at contact@economicsexplored.com . Timestamps Introduction (0:00) John August’s Background and Campaign (4:19) Georgism and Its Influence (7:25) Economic Theory and Georgism (11:35) Critique of Georgism (16:19) Land Value Taxation and Economic Rent (23:15) Impact of Georgism on Economic Policy (31:54) Conclusion and Future Discussion (49:33) Takeaways Georgism, developed by Henry George in the 19th century, proposes a radical approach to taxation by advocating for a single tax on land values to address economic inequality and reduce speculation. While most economists reject Georgism, the theory continues to have passionate advocates who argue that land value taxation could create a more productive and just economic system. The Georgist perspective highlights how public infrastructure and community development can increase land values, creating unearned income for property owners without compensating the broader community. Modern Georgists have moved away from the original concept of a 100% land value tax, instead advocating for a significant increase in land value taxation as part of a broader tax reform strategy. The theory raises important questions about property speculation, economic rent, and the potential for less distortionary forms of taxation that could promote more equitable economic development. Links relevant to the conversation John’s federal election campaign website: John August for Bennelong https://www.fusionparty.org.au/john_august_bennelong Grand Pursuit: The Story of Economic Genius - Nasar, Sylvia https://www.amazon.com.au/Grand-Pursuit-Story-Economic-Genius/dp/0684872986 Fixing Australia’s Housing Crisis: Fusion’s Plan w/ Owen Miller – EP277 https://economicsexplored.com/2025/03/27/fixing-australias-housing-crisis-fusions-plan-w-owen-miller-ep277/ Trent Saunders and Peter Tulip’s RBA Discussion Paper “A Model of the Australian Housing Market”: https://www.rba.gov.au/publications/rdp/2019/2019-01/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
The Gangster Method in Tariff and Trade Negotiations: w/ Nicholas Gruen 1:16:40

21 weeks yang lalu1:16:40

1:16:40

Gene Tunny and Nicholas Gruen dive deep into the economic implications of Trump's sweeping tariffs. They explore the micro and macroeconomic dimensions—from optimal tariff theory to trade deficits and geopolitical fallout. With humour, clarity, and urgency, they unpack why these tariffs will do more harm than good, both economically and politically. A video version of this episode will appear as an episode of the Uncomfortable Collisions with Reality podcast on Nicholas’s YouTube channel. Please let Gene know your thoughts on Trump’s tariffs and any questions or comments regarding this episode by emailing Gene at contact@economicsexplored.com . Update: As of Friday morning (GMT+10), 11 April 2025, Trump’s reciprocal tariffs on countries other than China have been delayed 90 days. Timestamps Introduction and Purpose of the Podcast (0:00) Micro and Macroeconomics of Tariffs (3:17) Optimal Tariff and Economic Models (6:30) Challenges of Tariffs and Adjustment Costs (49:45) International Macroeconomic Implications (50:06) Historical Context and Policy Responses (1:06:52) Conclusion and Future Outlook (1:10:22) Takeaways Tariffs Are a Tax—Mostly Paid by Domestic Consumers: While Trump claims foreigners pay, economic models show that domestic consumers typically bear the burden. Optimal Tariff Theory Has Limits: While large economies might, in theory, benefit from some tariffs, real-world retaliation, adjustment costs, and supply chain complexities negate most benefits. Rule of Law Undermined: Trump's unilateral imposition of tariffs under national security justifications breaks trust in U.S. international agreements and damages credibility. Macroeconomic Drivers Are Key to Trade Deficits: Tariffs are a microeconomic tool used to address a macroeconomic problem—high consumption and low savings—which misses the real issue. Supply Chains Suffer from Tariff Shock: Modern manufacturing depends on intricate global supply chains. Tariffs disrupt production and create uncertainty for businesses. Links relevant to the conversation Nicholas Gruen and Gene Tunny’s article “Why Trump’s tariffs are better than you think — and much worse”: https://www.crikey.com.au/2025/03/06/donald-trump-tariffs-impact-global-economy/ Nicholas’s YouTube channel which hosts his Uncomfortable Collisions with Reality podcast: https://www.youtube.com/@NicholasGruen Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Trump’s Tariffs: Art of the Deal or Economic Disaster? w/ Darren Brady Nelson - Bonus Episode 1:07:45

22 weeks yang lalu1:07:45

1:07:45

Are Trump’s tariffs a masterstroke of economic negotiation or a blunder with global consequences? Show host Gene Tunny and returning guest Darren Brady Nelson debate the rationale behind punitive tariffs, the backlash from markets, and whether this is all part of a broader deal-making strategy. They also discuss Elon Musk’s DOGE initiative and Darren’s run-in with a wild turkey on Wisconsin’s special elections campaign trail. Please let Gene know your thoughts on Trump’s tariffs and any questions or comments regarding this episode by emailing Gene at contact@economicsexplored.com . Timestamps Introduction and Market Reaction to Trump's Tariffs (0:00) Darren Brady Nelson's Run-In with a Wild Turkey (1:45) Assessment of Trump's Tariffs (6:51) Formula for Calculating Tariffs (12:26) Impact on Consumers and Businesses (19:59) National Security Considerations (37:06) DOGE's Role in Identifying Waste and Fraud (44:07) Wisconsin Special Election and Voter ID Law (55:14) Australian Election Predictions (1:00:42) Final Thoughts and Closing Remarks (1:05:44) Links relevant to the conversation Trump’s Executive Order “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits”: https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/ Statement by IMF Managing Director Kristalina Georgieva: https://www.imf.org/en/News/Articles/2025/04/03/pr2587-statement-by-imf-managing-director-kristalina-georgieva Darren’s 2018 article “Trumpʼs tariffs: free, fair or foul trade?”, in which he discusses Adam Smith and free trade: https://drive.google.com/file/d/1xQEt4n1bJ-W3RN2-H7_0w3q6vcI3eBCc/view?usp=sharing Dan Mitchell’s “Six Visuals to Understand Trump’s Suicidal Tax Increase on Trade”: https://www.imf.org/en/News/Articles/2025/04/03/pr2587-statement-by-imf-managing-director-kristalina-georgieva CNN reporting, “This is the dubious way Trump calculated his ‘reciprocal’ tariffs”: https://edition.cnn.com/2025/04/03/economy/reciprocal-tariff-math/index.html Axios reporting, “Trump's surprisingly simple tariff math”: https://www.axios.com/2025/04/03/how-trump-calculated-tariffs-trade-deficit CNBC reporting, “Trump open to tariff negotiations, contradicting White House aides”: https://www.cnbc.com/2025/04/03/trump-tariffs-live-updates-stock-market-trade-war.html Note this reporting: ‘Top Trump trade advisor Peter Navarro denied that Trump’s new tariffs are being used as a tool to negotiate better trade terms with other countries.’ Great Reset discussion with Darren from 2020: https://economics-explained.simplecast.com/episodes/the-great-reset DOGE’s reported savings: https://doge.gov/savings Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

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Inside Project FASTT: Real-Time Payments for All w/ the World Bank's Nilima Ramteke - EP278 33:39

22 weeks yang lalu33:39

33:39

Show host Gene Tunny and the World Bank’s Nilima Ramteke delve into the transformative impact of fast payments. They discuss how Project FASTT (Frictionless Affordable Safe Timely Transactions) bridges financial gaps and drives inclusive economic development worldwide. For example, they cover how QR codes and mobile apps make digital payments more accessible for small merchants and rural communities. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . Timestamps Introduction (0:00) Overview of Project FASTT (2:28) Benefits and Implementation of Fast Payment Systems (7:50) Challenges in Implementing Fast Payment Systems (14:51) Role of Central Banks and Trust in Fast Payment Systems (20:33) Impact of Fast Payment Systems on Cryptocurrencies (25:53) Conclusion (31:36) Takeaways Fast payments enable 24/7, low-cost, secure, real-time transactions, making them vital for financial inclusion. Project FASTT provides a toolkit and support for implementing fast payment systems globally. Central banks, in collaboration with private sectors, play a key role in designing and implementing fast payment systems. QR codes and mobile apps make digital payments more accessible for small merchants and rural communities. Fast payments offer an alternative to cryptocurrencies in emerging markets, significantly where volatility and regulatory risks hinder crypto adoption. Links relevant to the conversation World Bank Project FASTT website: https://fastpayments.worldbank.org/ World Bank paper on “What Does Digital Money Mean for Emerging Market and Developing Economies”: https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099736004212241389/p17300602cf6160aa094db0c3b4f5b072fc Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Fixing Australia’s Housing Crisis: Fusion’s Plan w/ Owen Miller - EP277 52:47

23 weeks yang lalu52:47

52:47

There’s an upcoming election in Australia, and housing will be a big issue. Show host Gene Tunny chats with Fusion Party candidate Owen Miller about Fusion’s sweeping housing policy proposals. Topics include eliminating negative gearing, taxing capital gains on owner-occupied homes, and increasing public housing. They also discuss ideas like charter cities, high-speed rail, and a government-run real estate platform. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . About Owen Miller Owen Miller grew up in Sydney and has long been interested in science fiction, ultimately leading to the study of mechatronics (robotics & control systems) and computer science at the University of Sydney. After working in different software roles in Sydney and even dealing Blackjack for some months, Owen moved to Seattle to work on the recommender systems at Amazon. Owen later moved to New York and was involved in smaller startups, especially in hospitality. Although the start-ups didn't take off, this rite of passage involved less shielding from the real world and helped clarify the roles of the market and the state in the provision of essential aspects of life, such as software and social cooperation. In 2020, Owen started the Non-Human Party; a vision for an opt-in online nationality that would optimise the existence of robots and animals, in addition to humans. Upon moving to Melbourne in 2022, Owen became the Registered Officer of Fusion, with the hope of enabling Australia to reach its full potential as a wealthy, sustainable and harmonious paradise; a beacon for the rest of the world. He currently serves as Fusion’s Convenor. Owen was Fusion’s candidate for the 2023 Aston federal by-election. In 2024, he ran as a candidate for local council in Merri-bek (for the Bulleke-Bek ward). He will again be running as a federal candidate in 2025, this time in Wills. In 2024, Spotify classified Owen as belonging to the top 0.05% of Kylie Minogue fans. Source: https://www.fusionparty.org.au/owen_miller Timestamps Introduction (0:00) Relationship Between Fusion Party and Pirate Party (3:07) Fusion Party's Housing Policy Goals (4:04) Comparisons with Other Countries and Tax Policy (6:19) Immigration and Housing Policy (9:09) Owner-Occupier Capital Gains Tax and Land Tax (12:53) Renter's Rights and Social Housing (17:16) Supply-Side Housing Policies (27:49) Liberté Account and Open Source Real Estate Listings (38:24) Final Thoughts and Wrap-Up (51:02) Takeaways Tax reform is central to Fusion’s housing strategy — They propose reducing capital gains tax discounts and phasing in land tax for all properties, including owner-occupied homes. Fusion supports a major investment in social housing — Advocating a jump from 3.2% to 10% of housing stock as public housing. Tenant rights need an upgrade — Fusion argues for banning no-fault evictions and establishing minimum standards like clean air and energy efficiency. Livret A accounts could revolutionize infrastructure funding — A French-style citizen savings bond to fund high-speed rail and public housing projects. Urban sprawl isn't the answer — Fusion favors infill development and transport-driven decentralization over expanding city fringes. Links relevant to the conversation Fusion’s housing policy: https://www.fusionparty.org.au/housing_as_a_home Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Gallium, Hafnium & the Strategic Metals Shaping Our World w/ Louis O’Connor, Strategic Metals Invest - EP276 52:16

24 weeks yang lalu52:16

52:16

Show host Gene Tunny speaks with Louis O’Connor, CEO of Strategic Metals Invest, about the increasing demand for strategic metals like gallium, hafnium, and indium—essential for modern technology. They discuss China’s dominance in rare earth processing, the geopolitical stakes, and how supply chain vulnerabilities could impact global markets. Louis also shares insights into investing in these scarce resources. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . Timestamps Introduction to Strategic Metals and Geopolitical Implications (0:00) Overview of Strategic Metals Invest (2:53) China's Dominance in Rare Earths (4:00) Characteristics and Importance of Strategic Metals (14:55) Investment in Strategic Metals (16:11) Geopolitical Risks and Supply Concentration (23:33) Private Investment and Market Opportunities (32:45) Historical Context and Future Outlook (43:09) Market Volatility and Investment Strategies (46:49) Partnership Opportunities and Future Growth (49:46) Takeaways Strategic metals are crucial – Essential for semiconductors, defence, and energy transition, these metals are essential for modern technology. China dominates rare earth processing – While reserves exist elsewhere, China leads in refining, creating supply chain risks. Investing in scarcity – Private investors can own and store strategic metals, profiting from increasing demand and limited supply. Geopolitical tensions impact prices – Trade restrictions and conflicts can drive scarcity-driven price spikes. The West is racing to catch up – The U.S., Australia, and Europe are working to develop independent supply chains, but progress is slow. Links relevant to the conversation Strategic Metals Invest website: https://strategicmetalsinvest.com/ Lynas Rare Earths (Australia’s Leading Rare Earth Producer): https://lynasrareearths.com/ US DoD article “Securing Critical Minerals Vital to National Security, Official Says”: https://www.defense.gov/News/News-Stories/Article/Article/4026144/securing-critical-minerals-vital-to-national-security-official-says/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
What HS2, Channel Tunnel & Sydney Opera House Teach Us about Project Management w/ Adam Boddison OBE - EP275 42:43

28 weeks yang lalu42:43

42:43

In this episode, Gene Tunny interviews Prof. Adam Boddison, CEO of the Association for Project Management. They explore why projects—whether in construction, IT, or public infrastructure—often go over budget and run late. Adam shares insights on project planning, risk management, and the importance of stakeholder engagement. They also discuss real-world case studies, including the Sydney Opera House and the Channel Tunnel, highlighting how long-term benefits sometimes outweigh initial budget overruns. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . About this episode’s guest: Prof (Dr) Adam Boddison OBE Adam is Chief Executive of the Association for Project Management. He has a non-executive director portfolio that has previously included being Chair of the Corporation for a Further Education college and a Trustee for a multi-academy trust providing education for 32,000 pupils across 58 primary, secondary and specialist settings. Adam is also a Visiting Professor at Stranmillis University College (Queens University Belfast) and the University of Leicester (School of Business). Prior to this, Adam held a number of executive leadership roles including Chief Executive for nasen (National Association for Special Educational Needs), Director of the Centre for Professional Education at the University of Warwick and Academic Principal for IGGY (a global educational social network for gifted teenagers). He has published a range of education books and mathematics text books and is a qualified clinical hypnotherapist. Adam has a particular interest in leading organisations that deliver societal benefit. Source: https://www.adamboddison.com/ Timestamps for EP275 Introduction and Importance of Project Management (0:00) Overview of the Association for Project Management (2:59) Professional Qualifications and Training (5:58) Critical Chain Project Management (11:15) Challenges and Successes in Project Management (14:29) Examples of Successful Projects (26:16) Risk Management and Judgment in Project Management (30:40) Mega Projects and Project Management Literature (34:52) Adam’s work which led to his OBE award (39:00) Takeaways Most projects fail at the start, not the end. Poor initial planning and unrealistic expectations often set projects up for failure. Stakeholder engagement is critical. Involving the right people from the beginning can prevent costly mistakes later. Project success is about more than time and budget. Long-term benefits, such as economic impact and societal improvements, should be factored in. Mega-projects are prone to overruns. Large-scale projects often face budget and timeline issues due to political, technical, and financial uncertainties. The "Pre-Mortem" approach helps mitigate risk. Imagining a project's worst-case scenario before starting can identify potential pitfalls early. Links relevant to the conversation Association for Project Management: https://www.apm.org.uk/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Patriarchy Inc. - Gender and Workplace Dynamics w/ Cordelia Fine - EP274 1:16:30

29 weeks yang lalu1:16:30

1:16:30

Show host Gene Tunny sits down with Professor Cordelia Fine to discuss her latest book, Patriarchy Inc. Professor Fine argues gender biases are embedded in jobs and organizational structures, affecting women's career prospects. Topics include ‘greedy jobs,’ the undervaluation of feminized professions, the limits of diversity programs, and the role of evolutionary psychology in shaping gender assumptions. Whether you agree or disagree, this discussion offers a fresh perspective on gender in the modern economy. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . About this episode’s guest: Professor Cordelia Fine Cordelia Fine is a Canadian-born British academic and writer. Her work analyses scientific and popular biological explanations of behavioural sex differences and workplace gender inequalities, explores the effects of gender-related attitudes and biases on judgements and decision-making, and contributes to debates about workplace gender equality. She is the author of three popular science books, published in 13 languages. Among other accolades, Testosterone Rex won the Royal Society Insight Investment Science Book Prize. She is currently a professor in the History & Philosophy of Science in the School of Historical & Philosophical Studies at the University of Melbourne. Timestamps for EP274 Introduction (0:00) Cordelia Fine's Background and Interests (2:44) Defining Patriarchy and Its Persistence (4:45) Gender Pay Gap and Job Selection (12:03) Impact of Gender Norms and Stigma (23:09) Diversity, Equity, and Inclusion (DEI) Programs (33:01) Market Thinking vs. Relations Thinking (40:07) Alternative Evolutionary Perspectives (1:05:11) Conclusion and Recommendations (1:14:11) Takeaways The Gender Pay Gap Is Complex – It's not just about discrimination; factors like ‘greedy jobs’ (roles demanding long, inflexible hours) and the devaluation of feminized jobs play a major role. Diversity Initiatives Have Limits – Many corporate DEI (Diversity, Equity, and Inclusion) programs focus on ‘fixing’ women rather than addressing structural workplace issues. Workplace Norms Favor Men – High-status, high-paying jobs often assume an ‘ideal worker’ who can dedicate unlimited hours—an assumption that disadvantages women with caregiving roles. Traditional Economic Models Miss the Full Picture – Traditional market-based explanations of wage determination often overlook workplace hierarchies, organizational power dynamics, and societal gender norms. Evolutionary Psychology Oversimplifies Gender – Popular claims that men and women have biologically determined career preferences are challenged by alternative theories emphasizing cultural and social learning. Links relevant to the conversation Cordelia Fine’s website: http://www.cordelia-fine.com/ Patriarchy, Inc.: https://www.amazon.com.au/Patriarchy-Inc-Wrong-Gender-Equality/dp/1838953345 Research showing increasing returns to overwork over time: https://journals.sagepub.com/doi/full/10.1177/0003122414528936 The Gender Pay Debate: Understanding the Factors Behind the Gap w/ Dr Leonora Risse – EP230 https://economicsexplored.com/2024/03/10/the-gender-pay-debate-understanding-the-factors-behind-the-gap-w-dr-leonora-risse-ep230/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

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Bang for Your Buck in Economic Development: Access to Town Water, Roads to Connect Isolated Communities w/ Kate Schecter, World Neighbors - EP273 32:18

30 weeks yang lalu32:18

32:18

Kate Schecter, CEO of World Neighbors, returns to the show and reveals how empowering local communities leads to long-term self-sufficiency in developing economies. She explains that roads connecting isolated communities to local markets can massively improve opportunities. She also explains that even modest interventions, like access to municipal water, can have profound impacts. From disaster preparedness in Indonesia to sustainable farming in Africa, Kate illustrates how World Neighbors helps communities build resilience. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . About this episode’s guest: Dr Kate Schecter Kate Schecter, Ph.D., joined WN as President and Chief Executive Officer in June, 2014. Dr. Schecter is responsible for managing World Neighbors’ programs and operations in 14 countries in Asia, Africa, Latin America, and the Caribbean. In her previous position, she worked for the American International Health Alliance (AIHA) for 14 years. As a Senior Program Officer at AIHA, she had responsibility for managing health partnerships throughout Eurasia and Central and Eastern Europe. Through her work with over 35 partnerships addressing healthcare and treatment, she has extensive experience successfully implementing AIHA’s health partnership model. From 1997 to 2000, Dr. Schecter worked as a consultant for the World Bank specializing in healthcare reform and child welfare issues in Eurasia and Eastern Europe. She taught political science at the University of Michigan in Ann Arbor for four years (1993-1997). She has written extensively about healthcare in post-Soviet states, and has made three documentary films for PBS. Over the past eight years at World Neighbors, Dr. Schecter has authored or co-authored 21 articles about the challenges of international development in very poor rural countries, the impact of climate change, and how to help alleviate mass migration through effective international aid. Dr. Schecter holds a Ph.D. in political science from Columbia University and an M.A. in Soviet Studies from Harvard University. She is a member of the Council on Foreign Relations and served on the Board of Children’s National Medical Center in Washington, D.C. from 2010 to 2018. Timestamps for EP273 Introduction (0:00) World Neighbors’ Geographical Reach and Recent Developments (2:34) Improving Climate Resilience in Agriculture (6:03) Disaster Preparedness and Community-Based Approaches (9:57) Connecting Communities with National and Regional Administrations (14:05) Funding and Operational Efficiency (23:21) Impact and Future Plans (27:08) Conclusion and Final Thoughts (29:24) Takeaways Infrastructure can be transformative – Building a simple road or bridge can unlock market access for rural farmers, dramatically improving incomes and food security. Local savings and credit groups empower communities – These groups help farmers and entrepreneurs access capital for investments without relying on exploitative lenders. Disaster preparedness saves lives – Teaching communities to plan for floods, earthquakes, and other disasters helps them recover quickly and with fewer casualties. Indigenous crops can boost resilience – Reviving traditional drought-resistant crops helps communities adapt to climate change and maintain food security. Links relevant to the conversation Kate’s previous appearance on the show: https://economicsexplored.com/2022/05/23/economic-development-through-savings-and-credit-groups-w-world-neighbors-ceo-kate-schecter-ep140/ World Neighbor’s website: https://www.wn.org/ Francis Fukuyama’s book Trust: https://www.amazon.com/Trust-Social-Virtues-Creation-Prosperity/dp/0029109760 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Does Free Trade Benefit Everyone? A Deep Dive into the Stolper-Samuelson Theorem - EP272 49:28

31 weeks yang lalu49:28

49:28

Is free trade always good for workers? Gene Tunny explores the Stolper-Samuelson theorem, which shows how trade can lower wages for some while benefiting others. He discusses key economic insights from Wolfgang Stolper and Paul Samuelson, real-world historical examples, and the implications for today’s global trade debates. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . Timestamps for EP272 Introduction (0:00) Explanation of Comparative Advantage and Free Trade (1:50) Background on Wolfgang Stolper and Paul Samuelson (5:50) The Heckscher-Ohlin Model and Indirect Factor Arbitrage (16:37) Stolper-Samuelson Theorem and Its Implications (26:35) Empirical Evidence and Historical Applications (31:53) Conclusion and Future Directions (32:19) Takeaways Free Trade Creates Winners and Losers – The Stolper-Samuelson theorem predicts that free trade benefits the owners of a country’s relatively abundant factors (e.g., capitalists in capital-rich countries) but can harm the owners of relatively scarce factors (e.g., workers in industrialised economies). Economic Theory Still Favors Free Trade Overall – While trade can hurt specific groups, economists argue that overall national income rises, making it possible (though not always politically feasible) to compensate the losers. Historical Evidence Supports the Underlying Theory – Examples from 19th-century trade patterns show factor price convergence, with land rents rising in the U.S. while falling in Britain due to increased trade. Trade Policy Shapes Political Alliances – Farmers in land-rich nations like Australia and the USA often supported free trade, while industrial workers in capital-rich nations tended to favor protectionism. Links relevant to the conversation The previous episode with Ian Fletcher: https://economicsexplored.com/2025/01/21/industrial-policy-vs-free-trade-w-ian-fletcher-coalition-for-a-prosperous-america-ep271/ Stolper and Samuelson’s 1941 paper “Protection and Real Wages”: https://academic.oup.com/restud/article-abstract/9/1/58/1588589 William Bernstein’s book “A Splendid Exchange: How Trade Shaped the World”: https://www.amazon.com.au/Splendid-Exchange-Trade-Shaped-World/dp/0802144160 Roger Backhouse’s book “Founder of Modern Economics: Paul A. Samuelson: Volume 1: Becoming Samuelson, 1915-1948”: https://www.amazon.com.au/Founder-Modern-Economics-Samuelson-1915-1948/dp/0190664096 Edward Leamer’s paper on the Hecksher-Ohlin model in theory and practice: https://ies.princeton.edu/pdf/S77.pdf Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Industrial Policy vs Free Trade w/ Ian Fletcher, Coalition for a Prosperous America - EP271 58:34

33 weeks yang lalu58:34

58:34

Ian Fletcher, co-author of Industrial Policy for the United States, published by Cambridge University Press, joins the show to argue that free trade does not always serve national interests. Fletcher defines industrial policy as government intervention to support better industries, emphasizing that some industries are inherently more valuable. He highlights successful industrial policies in Japan, Korea, and Germany. Fletcher also discusses the role of tariffs in protecting domestic industries, using the example of U.S. electric vehicle tariffs on Chinese imports. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . About this episode’s guest: Ian Fletcher Ian Fletcher is an Advisory Board Member for Coalition for a Prosperous America. He is the author of Free Trade Doesn't Work (2010) and a co-author of The Conservative Case Against Free Trade. He was Senior Economist at the Coalition for a Prosperous America and a Research Fellow at the US Business and Industry Council. He was educated at Columbia and Chicago. Timestamps for EP271 Introduction (0:00) Defining Industrial Policy (3:31) Ian Fletcher's Journey into Industrial Policy (6:48) Better Industries and Manufacturing (11:27) Arguments Against Free Trade (18:10) Case Studies and Successes of Industrial Policy (28:07) Tariffs and Modern Industrial Policy (48:21) Taiwan's Success Story (51:46) Conclusion and Final Thoughts (53:51) Takeaways Industrial Policy Defined: Industrial policy focuses on nurturing high-value industries that provide higher wages and foster innovation. Free Trade Critique: While free trade reduces consumer costs, it can lead to job losses, regional economic disparities, and reliance on foreign manufacturing. Global Lessons: Successful industrial policies in countries like Taiwan and Germany show strategic government intervention can be successful in some instances, while failures in the UK and India underscore the risks of mismanagement. Technology Pipeline: Ian Fletcher argues that a robust pipeline connecting scientific research to commercialization is critical for maintaining competitiveness in manufacturing and innovation. Links relevant to the conversation Ian’s book “Industrial Policy for the United States: Winning the Competition for Good Jobs and High-Value Industries”: https://www.amazon.com.au/Industrial-Policy-United-States-Competition/dp/1009243071 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
How LBOs, Share Buybacks & Private Equity Revolutionized Corporate America: Don Chew’s Case for Transformation - EP270 1:06:38

34 weeks yang lalu1:06:38

1:06:38

Donald Chew discusses the evolution of corporate finance, emphasizing the shift from old-fashioned corporate finance, which focused on steady earnings growth, to modern corporate finance, which aims for high returns on capital. He highlights the decline of conglomerates in the 1970s and the rise of private equity. Despite criticism, Chew argues that modern corporate finance has been a success story, citing the doubling of U.S. public company market capitalization in the 1980s and the significant correlation of R&D and selling, general and administrative expenses (SG&A) expenses with corporate value. He also addresses the financial crisis, arguing it was due to mispriced mortgages and government policies, not market inefficiencies. Donald Chew is the founding editor of the Journal of Applied Corporate Finance, and joins show host Gene Tunny to discuss his latest book, The Making of Modern Corporate Finance, published by Columbia University Press. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com. About this episode’s guest: Donald Chew Don Chew is the founding editor and Editor-in-Chief of the Journal of Applied Corporate Finance (JACF), a publication he started almost 30 years ago. He has published over ten books on corporate finance, including The New Corporate Finance: Where Theory Meets Practice and The Revolution in Corporate Finance (with Joel Stern), which are both widely used in business schools throughout the United States and Europe. Don has both a Ph.D. in English and an MBA in finance from the University of Rochester. Timestamps for EP270 Introduction (0:00) The Decline of Conglomerates and the Rise of Modern Corporate Finance (5:58) The Role of Private Equity and Corporate Governance (14:25) The Impact of Modern Corporate Finance on Corporate Value (15:03) The Future of Corporate Finance and Productivity Measurement (16:37) The Role of Corporate Finance in Economic Growth (19:27) The Critique of Modern Corporate Finance and Corporate Social Responsibility (27:26) The Financial Crisis and the Role of Government Policy (35:40) The Future of Corporate Finance and the Role of Private Equity (43:21) Takeaways Modern Corporate Finance Principles: The shift from prioritizing steady earnings growth to maximizing long-term firm value has reshaped corporate strategies globally. The Importance of R&D: Increases in R&D and SG&A spending are now critical indicators of corporate value and long-term success, according to Don Chew. Private Equity’s Role: Private equity has transformed underperforming companies, streamlining operations and reallocating capital for growth. The Evolution of Corporate Governance: Shareholder activism has replaced hostile takeovers as the primary tool for enforcing corporate accountability. ESG and Value Creation: Enlightened value maximization is the idea that corporations can address societal concerns while enhancing long-term profitability. Links relevant to the conversation Don Chew’s new book The Making of Modern Corporate Finance: https://www.amazon.com.au/Making-Modern-Corporate-Finance-History/dp/0231211104 Econometric study of benefits to consumers of Wal-Mart: https://onlinelibrary.wiley.com/doi/abs/10.1002/jae.994 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Jimmy Carter the Great Deregulator, AmFest, MAGA & Migration, and Why Competition? w/ Darren Brady Nelson - EP269 1:00:40

35 weeks yang lalu1:00:40

1:00:40

Gene Tunny and Darren Brady Nelson discuss the economic legacy of President Jimmy Carter, highlighting his deregulation efforts, particularly in aviation, which led to increased competition and significant cost savings. They also touch on Carter’s appointment of Paul Volcker as Federal Reserve Chairman, credited with fighting inflation. The conversation shifts to the America Fest conference in Phoenix, where key speakers included Charlie Kirk, Tucker Carlson, and Glenn Beck. They discuss the tensions within the MAGA movement, particularly around immigration policies. Lastly, they explore the intersection of Christian economics and competition, emphasizing its ethical foundations and the potential for a moral case for free markets. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . Timestamps for EP269 President Jimmy Carter's Legacy and Deregulation (0:00) Carter's Economic Policies and Personal Anecdotes (5:16) America Fest Conference in Phoenix (14:36) Trump’s Speech and MAGA Movement Dynamics (27:46) Christian Economics and Competition (36:34) Darren's Critique of Mainstream Economics and Antitrust Regulation (51:22) Regulatory Challenges and Natural Monopolies (55:55) Final Thoughts and Future Directions (59:26) Takeaways Jimmy Carter’s Deregulation Impact: Carter’s policies in aviation, trucking, and beer production revolutionized U.S. markets, creating long-lasting consumer benefits. MAGA’s Immigration Debate: Tensions exist between Bannon's nationalist stance and Musk's globalist vision for high-skilled immigration policies. The Role of Competition: Darren highlighted the economic and ethical importance of competition, criticizing overreach in antitrust regulations. Links relevant to the conversation Mises Institute article “Jimmy Carter’s Legacy Is Much More than Good Deeds Done in His Later Years”: https://mises.org/mises-wire/jimmy-carters-legacy-much-more-good-deeds-done-his-later-years The previous episode with Darren: https://economicsexplored.com/2024/11/10/trump-2-0-w-top-wisconsin-door-knocker-economist-darren-brady-nelson-ep261/ Great Reset discussion with Darren from 2020: https://economics-explained.simplecast.com/episodes/the-great-reset Larry Reed, President Emeritus of FEE, speaking about the Parable of the Vineyard Workers: https://economicsexplored.com/2022/02/05/price-controls-to-fight-inflation-a-bad-idea-infrastructure-lessons-from-potus-21-ep125/ Darren’s articles in Concurrences on competition and antitrust (paywalled, alas): https://www.concurrences.com/en/page/recherche/?recherche=darren+nelson# Alfred Kahn’s Economics of Regulation: https://www.amazon.com.au/Economics-Regulation-Principles-Institutions/dp/0262610523 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
US Debt Ceiling: Why Trump is Right to Call for its Abolition & Gene’s Experience with Aussie Debt Ceiling - EP268 30:02

36 weeks yang lalu30:02

30:02

Show host Gene Tunny discusses the ineffectiveness of the U.S. debt ceiling, citing its frequent increases and the political grandstanding it entails. He notes that since 1960, Congress has amended the debt limit 78 times. Tunny argues that the debt ceiling does not enforce fiscal discipline and highlights the need for better fiscal rules, such as the Swiss Debt Brake or the Taxpayer Bill of Rights. He also shares his experience with Australia's debt ceiling during the late 2000s financial crisis. Tunny concludes that Trump's criticism of the debt ceiling is justified. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . Timestamps for EP268 US Debt Ceiling Overview (0:00) Historical Context and Modern Monetary Theory (4:09) Ineffectiveness of the Debt Ceiling (7:07) Australian Experience with the Debt Ceiling (13:00) Conclusion and Alternative Fiscal Rules (24:49) Takeaways Debt Ceilings Are Ineffective: The US debt ceiling fails to control spending or debt accumulation, as it is consistently raised to avoid financial crises. Alternative Fiscal Rules: Spending caps or frameworks like Switzerland’s debt brake are more effective at managing fiscal discipline than nominal debt ceilings. Political Grandstanding: The debt ceiling often serves as a stage for political drama rather than meaningful fiscal reform. Modern Monetary Theory Critique: Printing money to avoid debt constraints, as proposed by some MMT advocates, risks inflation and economic instability. Lessons from Australia: Australia abolished its debt ceiling a decade ago after recognizing its downsides, offering a model for US fiscal policy reform. Links relevant to the conversation Useful information on the US debt and deficit from the US Treasury: https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit (discusses how many times the debt ceiling has been amended) https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ (contains the spending, revenue, and deficit figures that Gene mentions) Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
How Global Events are Affecting Coffee Prices w/ Raihaan Esat, International Coffee Traders - EP267 1:00:40

37 weeks yang lalu1:00:40

1:00:40

Coffee prices have surged dramatically over the past year, with green coffee increasing by 78%. In this episode, International Coffee Traders GM Raihaan Esat joins hosts Gene Tunny and Tim Hughes to explore the key drivers behind this spike, including harvest shortages, supply chain disruptions, and geopolitical factors. Discover why your morning brew may soon cost more and how the coffee industry is navigating these challenges. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . About our guest: Raihaan Esat, General Manager, International Coffee Traders Raihaan Esat is a passionate and seasoned coffee professional with extensive experience across the coffee industry. From working in bustling espresso bars and competing at the highest levels of barista competitions to managing roasteries and developing quality control systems, Raihaan has cultivated a deep understanding of every facet of coffee craftsmanship. As General Manager of International Coffee Traders (ICT), a green coffee sales business, Raihaan connects both commercial and home roasters with premium green beans and equipment, sharing his love for exceptional coffee. Inspired by mentors like Phillip Di Bella and a history of innovation, Raihaan is also spearheading coffee events at The Coffee Commune, fostering a thriving community of coffee enthusiasts. Dedicated to excellence and driven by a lifelong passion, Raihaan continues to inspire others through mentorship, entrepreneurship, and a relentless pursuit of the perfect cup. Source: https://www.roastmagazine.com/roastsummit/events/raihann-esat Timestamps for EP267 Coffee Market Overview and Initial Discussion (0:00) Factors Contributing to Coffee Price Increases (7:36) Quality Concerns and Market Dynamics (19:41) Consumer Behavior and Market Volatility (26:44) Impact on Coffee Shops and Consumers (47:07) Geopolitical and Weather Impact on Coffee Prices (54:20) Takeaways Green Coffee Prices Surge: Over the past 12 months, green coffee prices have increased by 78%, impacting every part of the supply chain. Major Producers Facing Challenges: Brazil and Vietnam, responsible for a large share of global coffee production, are experiencing lower yields due to weather conditions and harvest quality issues. Geopolitical Factors: Disruptions in trade routes, such as those caused by Middle East conflicts, have further strained the coffee supply chain, driving up costs. Changing Consumer Expectations: As prices rise, consumers may need to reconsider what they expect for a $5 cup of coffee and the value they receive in return. Sustainability of Cafes: For cafes to survive, they need to adjust their pricing to reflect increasing costs in labor, rent, and coffee supplies. Links relevant to the conversation Our previous conversation with Raihaan, “The Future of Coffee: Climate Change & Rising Prices w/ Raihaan Esat, International Coffee Traders – EP217”: https://economicsexplored.com/2023/12/06/the-future-of-coffee-climate-change-rising-prices-w-raihaan-esat-international-coffee-traders-ep217/ Raihaan’s slide explaining factors driving up coffee prices: https://drive.google.com/file/d/1JAhmCl_TmfSoWRkh9wF9fDFU395mPnyL/view?usp=sharing Chart of the green coffee price: https://drive.google.com/file/d/1qnX28VagJ3FtD40JntMujADsNKI-NhBs/view?usp=sharing International Coffee Traders at the Coffee Commune: https://www.coffeecommune.com.au/international-coffee-traders/ ABC News article “Coffee prices hit record high after bad weather”: https://www.abc.net.au/news/2024-12-11/coffee-prices-hit-record-high-after-bad-weather/104711708 Greensquare coffee roaster app: https://www.greensquare.co/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
Trump & Trade, France in Crisis, Global Capitalism’s Flaws & Job Losses from AI w/ Jean-Baptiste Wautier - EP266 46:17

38 weeks yang lalu46:17

46:17

This episode explores the economic implications of Trump’s re-election, France’s political deadlock under Macron, and the future of global capitalism. Jean-Baptiste Wautier, a private equity investor and World Economic Forum speaker, shares insights on trade wars and deficits. He argues that short-term profit motives undermine the global capitalist system. Jean-Baptiste also discusses AI's transformative potential. Please note this episode was recorded on 11 December 2024, before French President Macron appointed François Bayrou as the new PM. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . Timestamps for EP266 Introduction (0:00) Economic Implications of Trump's Re-Election (2:55) Potential Global Trade War (5:50) Global Trade and Economic Interdependence (8:29) Challenges Facing France and the Fifth Republic (13:55) Risks to the Eurozone (20:07) Flaws in Global Capitalism and Potential Solutions (27:34) Examples of Enlightened Capitalism (33:01) The Impact of Artificial Intelligence on Jobs (39:59) Final Thoughts and Future Directions (44:50) Takeaways Trump’s Second Term Risks: His proposed tax cuts and tariffs could reignite inflation and exacerbate the US federal deficit, leading to global economic consequences. France’s Political Instability: Macron’s government faces gridlock, which could potentially destabilize the Eurozone due to France’s growing budget deficit and political deadlock. Global Trade War Unlikely: Despite harsh rhetoric, economic interdependence makes a full-scale global trade war improbable, in Jean-Baptiste’s view. Capitalism’s Short-Term Focus: Jean-Baptiste argues the current capitalist model prioritizes short-term profits over long-term sustainability, causing inefficiencies and negative externalities like mental health crises and economic inequality. The Role of AI: AI is transforming industries at an unprecedented speed, raising concerns about job displacement and the need for economic adjustments, possibly extending to UBI (Universal Basic Income), depending on the scale of the displacement. Links relevant to the conversation Jean-Baptiste Wautier’s website: https://wautier.co.uk/ EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine? https://apnews.com/article/russia-ukraine-war-natural-gas-f9f00df7195d01404f8cb2a43152a8b1 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

Economics Explored

1
2024 Highlights: Reagan’s Budget Boss on Trump | Greedy Jobs | Super Abundance | Buffett in Omaha | Housing & Immigration 57:16

39 weeks yang lalu57:16

57:16

Host Gene Tunny discusses significant economic issues from the year. He features clips from interviews with experts on various topics, including the economic consequences of Donald Trump's re-election, the U.S. budget deficit, the gender pay gap, and environmental impact. President Reagan’s budget director David Stockman criticizes Trump’s policies for being anti-capitalist, citing a $8 trillion increase in public debt. Fiscal policy wonk Dan Mitchell argues that higher taxes are not the solution to the U.S. budget deficit, as spending is the primary issue. Leonora Risse (Assoc. Prof., University of Canberra) explains the concept of "greedy jobs" contributing to the gender pay gap. Marion Tupy of the Cato Institute discusses the long-term decline in commodity prices, and Daniel Lawse of Verdis Group emphasizes the need for sustainable, long-term thinking in business and policy. Daniel also reflects on the modest lifestyle of Warren Buffett, another Omaha resident. John August discusses the impact of immigration on Australia's housing crisis. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com . Timestamps for EP265 Introduction (0:00) David Stockman (6:20) Dan Mitchell (11:20) Leonora Risse (23:50) Marian Tupy (32:15) Daniel Lawse (41:49) John August (48:06) Links relevant to the conversation Episodes featuring the clips: https://economicsexplored.com/2024/01/28/reagans-budget-boss-david-stockman-on-trumps-economic-policies-ep224/ https://economicsexplored.com/2024/04/17/is-uncle-sam-running-a-ponzi-scheme-with-the-national-debt-w-dr-dan-mitchell-ep235/ https://economicsexplored.com/2024/03/10/the-gender-pay-debate-understanding-the-factors-behind-the-gap-w-dr-leonora-risse-ep230/ https://economicsexplored.com/2024/10/16/abundance-mindset-exploring-the-super-abundance-thesis-w-marian-tupy-cato-institute-ep258/ https://economicsexplored.com/2024/06/01/helping-seattle-aquarium-others-go-to-net-zero-and-beyond-w-daniel-lawse-verdis-group-ep242/ https://economicsexplored.com/2024/04/17/housing-crisis-and-immigration-australias-tough-choices-w-john-august-ep236/ Leonora’s review of Career and Family: Women's Century-Long Journey toward Equity, by Claudia Goldin https://onlinelibrary.wiley.com/doi/abs/10.1111/1475-4932.12716?domain=author&token=UPATKK2WTIAEZ49UMRMV Principle of Charity podcast episodes on degrowth: https://podcasts.apple.com/au/podcast/can-degrowth-save-the-planet/id1571868650?i=1000674757240 https://podcasts.apple.com/au/podcast/can-degrowth-save-the-planet-pt-2-on-the-couch/id1571868650?i=1000675655623 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com .…

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