Shermer and Skousen discuss: whether economics is politicized • Adam Smith and what he really said • how the economy really works • fiat money vs. gold standard money • inflation and what to do about it • experimental economics • regulation on capitalism • what the Fed does (or should do) • Modern Monetary Theory • bitcoin/cryptocurrency • monopolies, duopolies, and market capture • antitrust, trustbusting • What’s wrong with free market capitalism? • money, happiness, and meaningfulness.
Shermer and Blinder discuss: serving on Bill Clinton’s Council of Economic Advisers • being the Vice Chair of the Federal Reserve Board • What kind of science is economics? • how one’s political leanings influence cause-and-effect economic theories • the difference between monetary and fiscal policy • a Keynesian approach to economics • inflation, stagflation, recessions, depressions, Bull and Bear markets defined • interest rates • the Federal Reserve • the money supply • What makes money valuable without the gold standard? • COVID relief • deficit spending • boom-and-bust cycles • employment: what’s the right percentage? • income tax: what’s the right percentage? • the best investments to make in the long run • modern monetary theory, and • utility maximizing.
In episode 194, Michael Shermer speaks with John Mackey, Founder and CEO of Whole Foods Market and author of Conscious Capitalism and Conscious Leadership. Mackey’s goal is to write a new narrative for capitalism that asks us to care about customers and human beings instead of data points on a spreadsheet.
In episode 194, Michael Shermer speaks with John Mackey, Founder and CEO of Whole Foods Market and author of Conscious Capitalism and Conscious Leadership. Mackey’s goal is to write a new narrative for capitalism that asks us to care about customers and human beings instead of data points on a spreadsheet.
In episode 179 of Michael Shermer’s podcast, Michael Shermer speaks with one of the world’s most renowned historians, Niall Ferguson, who explains why our ever more bureaucratic and complex systems are making us worse, not better, at handling disasters.
In episode 179 of Michael Shermer’s podcast, Michael Shermer speaks with one of the world’s most renowned historians, Niall Ferguson, who explains why our ever more bureaucratic and complex systems are making us worse, not better, at handling disasters.
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