Tag: economics

Defusing China’s “Nuclear Option” Myth

04/08/201812 Comments

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Why Economists Are Always Wrong

02/25/2018


The state of affairs in economics is not just embarrassing, it’s downright perplexing. Economics is a science, right? It must follow some ironclad laws of the physical universe then, mustn’t it? But somehow we always end up asking the same question: Why Are Economists Always Wrong?

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Episode 331 – Why Economists Are Always Wrong

02/24/201851 Comments

The state of affairs in economics is not just embarrassing, it’s downright perplexing. Economics is a science, right? It must follow some ironclad laws of the physical universe then, mustn’t it? But somehow we always end up asking the same question: Why Are Economists Always Wrong?

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Financial Survival in the Civilization Clash

12/09/2017


James Corbett joins Alfred Adask on the Financial Survival program every other week to discuss politics, finance, economics and society. This time they talk about Trump’s plan to move the American embassy in Israel to Jerusalem and the next stage of the Clash of Civilizations; the move to the exit of the US dollar; and what really underlies “the economy.”

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The Ugly Truth About the Minimum Wage

07/10/201798 Comments

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What Are You Going To Be When You Grow Up?

05/08/201727 Comments


Back when we were in school we heard the question a million times: “What are you going to be when you grow up?” Some of us had an answer, others were undecided, some had no idea. But we all assumed that the question could be answered. That whatever career we chose already existed. But in a world where technological and societal change means our children’s future jobs likely don’t exist yet, what does that say about the ability to “manage” or “direct” the “economy”? What if I told you that no one could direct the economy, and that that was a good thing? What if I told you that the greatest trick the ruling class ever pulled was getting us to believe we need them in the first place?

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Economics in One Image

04/26/201725 Comments


Have you ever agonized over le mot juste for explaining catallactics to your friends? Despaired over a simple explanation of the economic calculation problem? Pulled your hair out trying to get your co-workers to appreciate the miraculous nature of a pencil? Well, worry no more my fellow would-be economic demystifiers! Here is an important economic lesson in one image!

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Why Economists Are Always Wrong

12/03/201637 Comments

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Are All US Presidents Related? – QFC #28 (video)

02/13/2016

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Are All US Presidents Related? – Questions For Corbett #028

02/13/201644 Comments

Did you know that Cheney and Obama are eighth cousins? Or that Obama and McCain were 22nd cousins? Or that every US president in history can trace their roots back to British royalty? Is it true, and if so, what does it mean? Join James for this month’s edition of Questions For Corbett where he ponders this as well as natural monopolies, the viability of conspiracy theories, peak oil, 3D chess and more.

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