How New York City and other metropolises will overcome the pandemic economic shock. Why do some cities thrive while others devolve into chaos. How we can develop the resiliency of thriving cities. Topics covered include: How New York and other cities have dealt with the pandemic economic shockWhy the city of Port au Prince in Haiti is strugglingWhy do cities fail less frequently than companiesHow we can replicate the rhythms and cycles of citiesHow most cities can evolve in response to … [Read more...]
323: The Economy Is Not A Machine
How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it? Topics covered include: Why income growth has slowed for the middle classWhy the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomesWhy the economy is a complex adaptive system rather than a machineHow the type of job you have and the company you work for affects your incomeWhy greater efficiency increases the … [Read more...]
195: Has A Trade War Begun?
Why duties and other actions are necessary to address trade disputes, but across the board tariffs are a blunt instrument that can lead to a devastating trade war and global recession. In this episode you’ll learn: Why trade deficits are not always bad.How frequently has the U.S. government taken trade actions to protect national security.To what extent have steel and aluminum imports harmed U.S. domestic producers.What are the risks of using across the board tariffs … [Read more...]
63: Alarmists and the Economics of Collapse
Why economic alarmists are dangerous, and what has to happen for the financial system or economy to collapse. Photo by Justin Kern In this episode you'll learn: What is an alarmist.What is confirmation bias.What is the velocity of money what influences it.What are purchasing manager indices (PMI) and how do they correlate to the direction of the economy.What is the cyclically adjusted price-to-earnings (CAPE) ratio and how long has it taken for markets sell-offs to … [Read more...]
