Okay, Let Me Tell You Why You're Wrong

Sinopsis

This is a podcast for Understanding Economics. I, and a guest with a background in economics sift through the issues being discussed and present them as Economists would, without all the hype and hyperbole.

Episodios

  • Episode 24 - The Wealth of Nations Book 1 Chapter 4

    Episode 24 - The Wealth of Nations Book 1 Chapter 4

    23/02/2018 Duración: 41min

    We just keep plugging along with Adam Smith's The Wealth of Nations this week where we are starting to get into more exciting (your concept of excitement may vary) territory with Book 1 Chapter 4: Of the Origins and Use of Money. I walk you through Smith's history of money, from dried cod (yes, for real) to coined money, and offer up some hot takes (about 200 years old) on the core concepts of valuation. If you want to tell me why I'm wrong, join the conversation at our Facebook group at: https://www.facebook.com/groups/340933856307543/ or email me directly at: okayletmetellyouwhyyourewrong@gmail.com

  • Episode 23 - Moral Hazard

    Episode 23 - Moral Hazard

    16/02/2018 Duración: 46min

    This week we take a look at the concept of moral hazard and the role that it plays in a wide range of aspects in all of our lives; from the financial crises of the last ten years, to the NFL and its issue with concussions. If you want to tell me why I'm wrong, come join the Facebook group at: https://www.facebook.com/groups/340933856307543/ or send me an email directly at: okayletmetellyouwhyyourewrong@gmail.com

  • Episode 22 - The Wealth of Nations Book 1 Chapter 3

    Episode 22 - The Wealth of Nations Book 1 Chapter 3

    09/02/2018 Duración: 29min

    We're back with another chapter of The Wealth of Nations! This week we tackle Chapter 1 Book 3: That the Division of Labor is Limited by the Extent of the Market. I delve into Smith's description of population and geographic limits to the effects of the division of labor. You're just going to have to trust me, it's more interesting than it sounds. Come join the conversation at our Facebook group: https://www.facebook.com/groups/340933856307543/ or email me directly at: okayletmetellyouwhyyourewrong@gmail.com

  • Episode 21 - Bitcoin

    Episode 21 - Bitcoin

    02/02/2018 Duración: 01h38min

    I sit down with Brendan Newell to talk about Bitcoin We cover a pretty lengthy explanation of what Bitcoin actually is, as well as go into what the future holds for it and other crypto-currencies. If you want to join the discussion, come join the Facebook group at: https://www.facebook.com/groups/340933856307543/ or email me directly at: okayletmetellyouwhyyourewrong@gmail.com

  • Episode 20 - The Wealth of Nations Book 1 Chapter 2

    Episode 20 - The Wealth of Nations Book 1 Chapter 2

    26/01/2018 Duración: 34min

    We're back with Book 1 Chapter 2 of The Wealth of Nations by Adam Smith. In this episode we continue to talk about the division of labor, as well as get into the Enlightenment Era influences of Adam Smith. I also take some time to address some not-so-thought-out criticism of Adam Smith. Want to tell me why I'm wrong? Contact the podcast by joining our Facebook group at: https://www.facebook.com/groups/340933856307543/ or by email at: okayletmetellyouwhyyourewrong@gmail.com

  • Episode 19 - The Future of Home Entertainment

    Episode 19 - The Future of Home Entertainment

    19/01/2018 Duración: 43min

    I do some pretty heavy speculating on what the future of home entertainment will look like based on some of the economic trends that we are seeing right now. What's to be made of the trend of IP holders pulling back their content from streaming services? What will happen when every channel has it's own app? Find out, or at least find out what my best guess is in this episode. Feel free to tell me why I'm wrong by joining the Facebook group and leaving a comment at: https://www.facebook.com/groups/340933856307543 Or you can email me at: okayletmetellyouwhyyourewrong@gmail.com

  • Episode 18 - The Wealth of Nations Book 1 Chapter 1

    Episode 18 - The Wealth of Nations Book 1 Chapter 1

    12/01/2018 Duración: 35min

    I start of my new episode series by cracking open the thoroughly brilliant and massively overwritten The Wealth of Nations by Adam Smith. In this episode, we cover Book I Chapter I and talk about the Division of Labor, how we're all connected by the markets, and the inescapable truth that no matter what you come up with, "Smith said it first."

  • Episode 17 - Gift Giving

    Episode 17 - Gift Giving

    05/01/2018 Duración: 36min

    With the holidays completed, I thought it would be a pretty good opportunity to talk about the economics of gift giving. You may not think that something as simple as exchanging presents would rise to the level of economic theory, but it does, and in fact it tends to baffle economists for its many inconsistencies and inefficiencies. Listen as I, and the subject of economics, do our best to explain Christmas, because everybody knows that the best way to improve on something wonderful is to go into a lengthy explanation of why you're doing it wrong.

  • Episode 16 - Black Friday

    Episode 16 - Black Friday

    11/12/2017 Duración: 51min

    I do a bit of a deep dive on some of the economic issues surrounding Black Friday including why some people choose to not chase discounts during the event and what effect online retail is having on in-store sales over the biggest shopping day in the US. You're welcome to join the Okay, Let Me Tell You Why You're Wrong Facebook group where you can post comments about the show and make suggestions for future episodes at: https://www.facebook.com/groups/340933856307543/

  • Episode 15 - Excise Taxes

    Episode 15 - Excise Taxes

    28/11/2017 Duración: 40min

    I talk about excise taxes and their effects as it relates to the recent debate over the Cook County sugar tax.

  • Epsiode 14 - Inflation

    Epsiode 14 - Inflation

    20/10/2017 Duración: 01h09min

    This week we sit down with Paul LaPorte again from the Chicago office of the Bureau of Labor Statistics to talk about another key economic statistic generated from the BLS, inflation. Paul helps to break down how exactly inflation is calculated and dispel some of the myths surrounding it. Brace yourselves, because we actually talk about how inflation can be a good thing.

  • Episode 13 - Economic Growth part 1

    Episode 13 - Economic Growth part 1

    07/09/2017 Duración: 02h07min

    I'm joined by returning Okay, Let Me Tell You Why You're Wrong all-star Josep Nadal to talk about Economic Growth and how we calculate and understand that particular statistic. Joesp breaks down the history of thinking on growth in part 1 of a two part discussion on the topic.

  • Episode 12 - Unemployment

    Episode 12 - Unemployment

    11/08/2017 Duración: 53min

    This episode I am joined by Paul LePorte from the Chicago office of the Bureau of Labor Statistics for a detailed discussion of the Unemployment Rate and how to best understand and apply that statistic to your understanding of the state of the economy as a whole.

  • Episode 11 - Econ Rant on Millennial Consumers

    Episode 11 - Econ Rant on Millennial Consumers

    28/07/2017 Duración: 29min

    I revisit some old ground in some new ways thanks to a link sent to me by a listener. I give my thoughts on the trend of blaming any and all of our economic problems on "the kids these days," and offer a few alternative explanations.

  • Episode 10 - Econ Rant on Memes and the Future of Retail

    Episode 10 - Econ Rant on Memes and the Future of Retail

    14/07/2017 Duración: 25min

    In this episode I use a meme that I recently came across to launch into a rant about my thoughts on labor strategy and the future of brick-and-mortar retail in a market increasingly dominated by online competitors.

  • Episode 9 - Fed Policy

    Episode 9 - Fed Policy

    29/06/2017 Duración: 01h19min

    The podcast ups its game as I sit down with Professor Tim Opeila to discuss the various policies enacted by the Federal Reserve. Take heart dear listener, this is no mere recap of our previous Fed episode, but rather a deeper dive into the mechanisms that the Fed uses and an analysis of the benefits and the risks of such policies.

  • Episode 8 - Minimum Basic Income

    Episode 8 - Minimum Basic Income

    15/06/2017 Duración: 01h04min

    I talk with Ben Henke about the pros and cons of implementing a Minimum Basic Income. This topic is a little different because I don't actually have a strong opinion on the idea of an MBI, and (spoiler alert) despite a thorough and insightful conversation with Ben, I still don't know quite where I fall on the matter. It is definitely something worth considering though.

  • Episode 7 - Econ Rant on Consumer Demand

    Episode 7 - Econ Rant on Consumer Demand

    06/06/2017 Duración: 22min

    For this episode I depart from our regular format in order to go on a slight rant about consumer demand as it relates to an article I read recently in the Business Insider. The article is titled "Millennials are Killing Chains like Buffalo Wild Wings and Applebee's" and was writen by Kate Taylor. I highly recommend that you check out the article first before listening to my critique of it.

  • Episode 6 - The Euro Zone Crisis part 2

    Episode 6 - The Euro Zone Crisis part 2

    18/05/2017 Duración: 01h38min

    We're back for part 2 of our discussion of the Euro Zone Crisis. Continuing off of our last episode Josep Nadal walks us through the events that laid the groundwork for the issues that the Euro Zone has and continues to experience. We also get into the Euro Zone's impact on the US economy (sorry if that seems Americentric but I'm an American so I very much care about that aspect)as well as possible solutions for future issues.

  • Episode 5 - The Euro Zone Crisis part 1

    Episode 5 - The Euro Zone Crisis part 1

    04/05/2017 Duración: 01h31min

    I sit down with Josep Nadal to talk about the Eurozone Crisis, what led to it, what its effects on the global economy are, and what we might expect to see as a result of it in the future...so generally light chit chat. We delve into the complexities of the history of the EU, the Euro Zone, and the seeds of the crisis in part one of two about the Euro Zone Crisis.

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