People used to scared about the federal debt. But it's been so huge for so long that people have lost interest. Yet, despite people's lack of attention - or perhaps, in part, because of it - the debt has continued to grow. For the past 50 years or so, it has been doubling every 8 to 9 years. Foolishness of the Week: 09:10 Main episode: 13:36
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Quick Hits
https://www.cnbc.com/amp/2023/12/06/new-fafsa-may-launch-with-old-inflation-data-resulting-in-less-college-aid.html?fbclid=IwAR1Z0ny8wwaMEEA0nyaJGxEGF3Hvbeq9XtAJpVmQLYtfyMdKNmDS-loexes
https://www.politico.com/news/magazine/2024/01/27/is-the-journalism-death-spasm-finally-here-00138187
Foolishness of the Week
https://nypost.com/2024/01/26/news/un-fires-staffers-who-allegedly-took-part-in-october-7-hamas-terrorist-attacks-on-israel/
Topic of the Week
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https://www.youtube.com/watch?v=vKmOvpCIJq4
This month, the world takes stock of international poverty, and James and Ant put poverty into perspective both across countries and across time.
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Quick Hits
https://slashdot.org/story/22/10/08/2234213/paypal-says-it-wont-fine-customers-2500-for-misinformation
https://www.nbcnews.com/politics/2022-election/-check-walker-acknowledges-giving-700-ex-denies-claim-knew-was-abortio-rcna52252
Foolishness of the Week
https://nypost.com/2022/10/17/home-asking-prices-tumble-at-record-pace-as-mortgage-rates-surge/
Topic of the Weekhttps://foreignpolicy.com/2012/02/27/were-all-the-1-percent/
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https://www.youtube.com/watch?v=uuLoU-NWyOs
We all know that the FDA saves lives by keeping bad drugs off markets. But far fewer of us understand that the FDA costs lives by keeping good drugs from markets. Often all it takes to see this other side of the FDA is to be confronted with a life threatening disease for which there are treatments - just not FDA-approved treatments.
Foolishness of the Week: 08:38 Main episode: 14:53
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Quick Hits https://www.goodnewsnetwork.org/optimist-pollster-finds-americans-are-far-more-alike-than-different-in-this-election-year/
https://www.goodnewsnetwork.org/ohio-man-brings-voters-of-all-stripes-together-to-agree-to-disagree-over-dinner-and-a-dialogue/
https://www.theguardian.com/society/2024/mar/24/playground-bullies-do-prosper-and-go-on-to-earn-more-in-middle-age
Foolishness of the Week https://www.washingtonpost.com/technology/2024/03/21/apple-doj-antitrust-lawsuit-explained/
Topic of the Week https://xtalks.com/top-10-foods-banned-in-the-us-3611/ https://www.amazon.com/Free-Our-Markets-Essential-Economics/dp/098442542X/
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https://www.youtube.com/watch?v=0ORUWzBVCuY
Union membership in the private sector has been declining for decades, while union membership in the public sector has been increasing. This is consistent with workers voluntarily choosing not to unionize to the point that unions must turn to government jobs where it is easier to force workers to unionize.
Foolishness of the week: 04:20 Main episode: 10:03
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Quick Hits
https://www.nbcnews.com/news/us-news/climate-change-activists-blockaded-burning-man-accuse-police-excessive-rcna102370
Foolishness of the Week
https://www.msnbc.com/the-reidout/reidout-blog/pope-francis-conservatives-united-states-rcna102452
Topic of the Week
Declining union membership
https://www.statista.com/statistics/195339/number-of-union-members-in-the-us-since-2000/
https://www.statista.com/statistics/195349/union-membership-rate-of-employees-in-the-us-since-2000/
Union workers earn around 20% more than non-union workers
https://www.statista.com/statistics/1374865/earnings-union-membership-race-us/
33% of public sector jobs are unionized vs 6% of private sector jobs
https://www.bls.gov/news.release/pdf/union2.pdf
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https://www.youtube.com/watch?v=Eu_uwgbTdzw
Want more on economics and policy from Antony Davies? Listen to the Words & Numbers Podcast, and check out Cooperation and Coercion available on Amazon and Audible.
https://www.amazon.com/Cooperation-Coercion-Busybodies-Busybullies-Economics/dp/161017156X
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https://www.youtube.com/watch?v=Sd6N0LLfZ6A
Composer and musician Josh Nichols was annoyed when, on an earlier episode, James referred to “high culture,” and Ant said, “you mean the snooty stuff?” Being a classical composer and, importantly, making money at it, Josh joins us to set the record straight as to why we should all be more appreciative of “the snooty stuff.”
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Topic of the Week
https://www.windrep.org/Joshua_Nichols
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https://www.youtube.com/watch?v=w3wbWQr24BU