Words & Numbers

Antony Davies

Words & Numbers touches on issues of Economics, Political Science, Current Events and Policy. Each Wednesday we'll be sharing a new Words & Numbers podcast featuring Antony Davies Ph.D and James Harrigan Ph.D talking about the economics and political science of current events.

  1. Episode 501: Blowing Bubbles

    8 APR

    Episode 501: Blowing Bubbles

    We return after a brief hiatus to catch up on a whirlwind of recent headlines, from political drama to bizarre claims about aliens, before turning to the Supreme Court’s consideration of birthright citizenship and the broader question of executive power versus congressional authority. We examine how Congress has gradually ceded its responsibilities on issues like tariffs, war powers, and immigration, and what that means for the balance of power in government. We then head to Ireland, where one enterprising citizen used AI to track the true price of a pint of Guinness, before moving to Texas for our Foolishness of the Week, where a congressional race has taken an unusual turn as a candidate campaigns by performing at quinceañeras. Finally, we dive into financial bubbles, exploring how markets price uncertainty, why emerging technologies like AI attract massive investment despite unclear outcomes, and how bubbles function as part of the process of discovering what new innovations are actually worth. 00:00 Introduction: A Month of Chaos 02:43 Supreme Court, Birthright Citizenship, and Trump’s Presence 03:45 Executive Power vs Congressional Authority 06:16 Why Congress Keeps Ceding Its Power 09:09 Can a System This Large Even Function? 10:17 Ireland’s Guinness Price Investigation with AI 13:04 Foolishness of the Week: Texas Campaigning at Quinceañeras 16:04 Redistricting, Demographics, and Political Miscalculations 18:11 Financial Bubbles and Why Economists Ignore Them 19:17 The “Real Economy” vs Financial Markets 22:24 Pricing the Unknown: Cars, Dot-Coms, and AI 24:56 AI Investing, Speculation, and Bubble Pricing 26:53 AI as the Next Internet and Technological Integration 30:53 Amazon, Spillover Innovation, and Unexpected Winners 37:22 Consumer Power, Corporate Fear, and Market Discipline Learn more about your ad choices. Visit podcastchoices.com/adchoices

    47 min
  2. 19 FEB

    Episode 499: Who Should Vote?

    In this episode, we begin with the strange world of high-end audio, from banana wire tests to quarter-million-dollar stereo systems, and ask whether diminishing returns eventually overtake objective performance. We then react to Barack Obama’s comments about aliens before moving to our Foolishness of the Week: Australia’s $40 cigarette packs and the predictable rise of black markets and bootlegging that follows heavy taxation. From there, we turn to election law and voting rights, examining who actually has the constitutional authority to regulate elections, what the SAVE Act proposes regarding proof of citizenship, whether a president can alter voting rules by executive order, and how voter ID laws intersect with legitimacy and public trust. We also discuss gerrymandering, the structural incentives of the two-party system, and a story from a group home that raises deeper questions about civic participation and what it really means to be qualified to vote. 00:00 Introduction and Overview 00:30 Audiophile Cable Myths and the Banana Wire Test 03:54 Quarter-Million Dollar Stereo Systems and Diminishing Returns 06:32 Barack Obama Says Aliens Are Real 10:14 Foolishness of the Week: Australia’s $40 Cigarette Packs 12:26 Black Markets, Bootleggers, and Unintended Consequences 16:55 Who Actually Decides Who Can Vote? 18:39 The Constitutional Framework for Elections 22:31 The SAVE Act and Federal Citizenship Requirements 26:53 Voter ID, Legitimacy, and Political Signaling 31:41 The Real Electoral Problem: The Two-Party Duopoly 34:15 Gerrymandering and the Spoils of Political Victory 38:50 Can Trump Use an Executive Order on Voting? 41:30 Legitimacy, Public Trust, and Election Narratives 44:52 A Story from the Group Home: When Should People Vote? Learn more about your ad choices. Visit podcastchoices.com/adchoices

    53 min

About

Words & Numbers touches on issues of Economics, Political Science, Current Events and Policy. Each Wednesday we'll be sharing a new Words & Numbers podcast featuring Antony Davies Ph.D and James Harrigan Ph.D talking about the economics and political science of current events.

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