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.
This essay was adapted with permission from Your Move: What Board Games Teach Us About Life, by Joan Moriarity and Jonathan Kay, published in 2019 by Sutherland House.
In Science Salon # 96 Michael Shermer speaks with Catherine Wilson about the ancient wisdom of Epicureanism: a philosophy of living well that promoted reason, respect for the natural world, and reverence for our fellow humans. PLUS, Jonathan Kay tells us what board games teach us about capitalism and how to modify it.
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