Words & Numbers

CiVL

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. Words and Numbers is a CiVL Original Podcasts, learn more at civl.com

  1. Episode 497: Electoral Nonsense

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    Episode 497: Electoral Nonsense

    In this episode, we discuss Ireland’s decision to make its basic income program for artists permanent and what that means for government-funded creativity, cultural value, and incentives. We examine the politics of the Super Bowl halftime show, rising ticket prices, and what cultural events reveal about tribal identity and public signaling. We then explore Texas redistricting, California’s response, and the Supreme Court’s potential role, along with broader debates over federal control of elections, absentee voting, voter ID laws, and lingering claims about the 2020 election. We also consider what legitimacy means in a constitutional republic, why “not my president” rhetoric cuts both ways, and whether secession talk solves anything. We close with a nearly catastrophic public restroom fiasco in Rome. 00:00 Introduction and Overview 00:42 Happy Bro Day! 01:57 Ireland’s Basic Income for Artists Becomes Permanent 03:21 Do Art Subsidies Create Culture or Dependency? 05:16 Super Bowl Halftime Politics: Bad Bunny vs. Kid Rock 09:40 Super Bowl Ticket Prices and Trump’s Absence 12:28 Texas Redistricting and the Razor-Thin House Majority 16:58 California Pushback and Supreme Court Implications 19:14 Trump Floats Federal Control of Elections 21:49 Absentee Voting and Constitutional Authority 23:44 Was the 2020 Election Stolen? Claims vs Evidence 27:24 Voter ID Laws and Election Integrity Debates 29:12 “Not My President” and Legitimacy in Democracy 30:51 Secession Talk and the Limits of Political Division 32:26 Compromise, Constitutional Norms, and Closing Reflections 33:46 Rome Public Restroom Fiasco Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  2. Episode 496: The Home Crisis: Here We Go Again

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    Episode 496: The Home Crisis: Here We Go Again

    In this episode, we discuss the United Kingdom’s move toward judge-only trials and what the erosion of jury trials means for due process and limits on state power. We examine how plea bargaining, prosecutorial incentives, and presumed guilt have reshaped the criminal justice system, along with the role of body cameras and public trust in law enforcement. We also explore federal enforcement authority, debates over the Second Amendment and constitutional carry, and why gun rights are often treated differently from other civil liberties. The conversation then turns to housing, where we break down competing estimates of the housing shortage, rising prices, zoning restrictions, rent control, and political attempts to manage prices rather than supply. We close by looking at why prices function as signals rather than levers, and how productive disagreement is essential to a healthy society. 00:00 Introduction and Overview 00:27 UK Moves Toward Judge-Only Trials 01:46 Jury Nullification and the Last Check on State Power 03:18 Prosecutors, Plea Deals, and Why Jury Trials Disappear 04:48 Presumed Guilt and the Psychology of Law Enforcement 05:58 Body Cameras and Changing Views of Police Conduct 08:01 ICE, Oversight, and Federal Enforcement Power 08:59 Judge Jeanine Pirro and Threats Against Lawful Gun Owners 10:45 The Second Amendment as a Pre-Existing Right 12:43 Limits, Exceptions, and Constitutional Carry 15:04 Federal Policing and the Purpose of the Second Amendment 16:07 Conflicting Estimates of the U.S. Housing Shortage 18:50 Housing Prices, Income Ratios, and Public Perception 20:43 Down Payments, Rent Pressure, and Affordability Myths 23:47 Spending Habits, Lifestyle Inflation, and Housing Choices 27:30 NIMBYism, Zoning Laws, and Why Supply Stays Constrained 30:15 Rent Control, Landlords, and Market Distortions 32:14 Trump on Housing Prices and Political Price Controls 33:53 Why Prices Are Metrics, Not Levers 36:07 Mortgages, Risk, and Government Loan Guarantees 38:02 How Productive Disagreement Actually Works 40:35 Closing Reflections and Community Engagement Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  3. Episode 495: The Mirage of Nostalgia

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    Episode 495: The Mirage of Nostalgia

    In this episode, we explore the strange signals people use to interpret global events, from Pentagon pizza orders and satellite data to the Big Mac Index and other unconventional measures of economic reality. We examine the decline of Google search, the rise of AI-powered alternatives, and why new tools are changing how people actually find information. For the “foolishness of the week”, we detail an unfortunate incident involving a piece of World War I artillery, before turning to a broader cultural debate about nostalgia for the 1950s. With guest Andrew Heaton, we unpack myths about work, gender roles, housing, healthcare, and prosperity, comparing mid-century life to modern standards of living. Along the way, we discuss food abundance, technological progress, wage compensation, inequality, and whether people genuinely want to return to the past or simply romanticize it from a distance. 00:00 Introduction and Overview 00:28 Pentagon Pizza Orders and “Pizza Intelligence” 02:51 Proxy Signals, Satellite Data, and the Waffle House Index 04:25 The Big Mac Index and Measuring Cost of Living 05:00 The Decline of Google Search and Sponsored Results 07:19 Switching Search Engines and the Myth of Google Monopoly 09:54 AI Search Tools and Why They Actually Work 11:28 Foolishness of the Week: World War I Artillery Incident 13:43 How Bad Ideas Escalate at Parties 15:51 Introducing Andrew Heaton 16:39 Was the 1950s a Time or a Place? 18:43 Economic Reality vs 1950s Nostalgia 20:58 Women’s Work, Household Labor, and Misleading Myths 23:56 Food Costs, Eating Out, and Modern Abundance 25:46 Medicine, Lifespan, and Why 50s Healthcare Was Worse 27:57 Housing Size, Zoning, and the Cost of Homes 30:01 Cars, Air Conditioning, and Quality of Life Improvements 31:17 Mortgage Rates and Why Housing Feels Unaffordable Now 34:02 Manufacturing, Exports, and the “We Don’t Make Anything” Myth 35:35 Agricultural Productivity and Modern Farming 37:19 Food Waste as a Measure of Prosperity 37:42 Great Depression Scarcity and Generational Habits 39:59 Transportation Costs and Higher Quality Modern Vehicles 42:50 Car Safety, Seatbelts, and Survival Rates 43:42 Wages, Benefits, and What “Compensation” Really Means 45:29 What the 1950s Actually Did Better 47:52 Inequality, Community, and Social Capital in the 50s 49:44 Technology, Isolation, and Choosing Modern Life 52:05 Longing for Silence from Technology 53:18 The Mythology of Happy Days Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  4. Episode 494: The Dark Ages Never Went Away

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    Episode 494: The Dark Ages Never Went Away

    In this episode, we explore everything from missing teaspoons and land acknowledgments to capital punishment and medieval economic thinking. We examine what everyday shortages reveal about prices and incentives, debate China’s use of executions for online scams, and unpack why symbolic gestures like mandatory land acknowledgments often collapse under scrutiny. We’re also joined by Andrew Heaton, host of The Political Orphanage podcast, to discuss zero-sum thinking, inequality versus poverty, and why so many economic intuitions still haven’t escaped the Dark Ages. Along the way, we look at profit caps, price controls, and the persistent temptation to treat economics like theology rather than systems thinking. 00:00 Introduction and Overview 00:28 Land Acknowledgment 01:30 The Curious Case of the Disappearing Teaspoons 03:31 What Teaspoons Teach Us About Prices and Resources 06:04 China Executes Online Scammers 08:21 When Capital Punishment Expands Too Far 09:51 Foolishness of the Week: Mandatory Land Acknowledgments 13:13 Free Speech, Property Theory, and a Faculty Lawsuit 18:32 Andrew Heaton Joins the Show 21:12 Economics Thinking That Never Escaped the Dark Ages 24:42 Zero-Sum Thinking and the Origins of Envy 27:37 Why Humans Think in Proportions, Not Absolutes 29:53 Inequality vs. Poverty 34:59 Greed, Merchants, and Medieval Economics 37:20 Why Price Controls Never Work 41:08 Theology vs. Economics 42:43 Why Profit Caps Backfire 48:09 Supply and Demand Is Not Optional 51:48 Systems Thinking vs. Witch Hunts 55:01 Why Bad Incentives Create Bad Outcomes Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  5. Episode 493: Principles and Preferences

    ٢٩ يناير

    Episode 493: Principles and Preferences

    In this episode, we examine proposals that would restrict or revoke U.S. citizenship, including the constitutional limits on forced renunciation, dual citizenship, and the government’s authority to define who belongs. We discuss population policy, free movement in Europe, and Supreme Court precedents that constrain state power over individual status. We also break down a sharp drop in the dollar, revisit the failures of mercantilism, and touch on the cultural politics surrounding Bill Belichick and the Hall of Fame. We then turn to firearms, protest, and political hypocrisy, looking closely at gun violence data, international bans, and the selective application of constitutional principles. We close by exploring free speech, due process, religious freedom, and what happens when rights give way to raw power, from domestic politics to authoritarian regimes abroad. 00:00 Introduction and Overview 00:32 The Exclusive Citizenship Act Explained 01:16 Forced Renunciation and Dual Citizenship Risks 02:30 Could the Government Strip Citizenship? 03:47 Population Reduction and the “100 Million Americans” Idea 05:20 European Passports, Borders, and Free Movement 06:57 Supreme Court Limits on Revoking Citizenship 08:32 Compelled Speech and Constitutional Conflicts 09:46 The Dollar’s Worst Day and Weak Currency Politics 11:17 Mercantilism and Why Economists Rejected It 12:51 Bill Belichick and the Politics of the Hall of Fame 15:34 Minnesota Shooting and the Second Amendment Flip 16:46 When and Why People Carry Guns 18:32 What the Data Really Says About Gun Violence 21:01 International Gun Bans and Substitution Effects 22:11 Protests, Firearms, and Political Hypocrisy 24:12 Republicans, Democrats, and Reversed Principles 27:39 Principles vs Preferences in Constitutional Rights 30:11 Do People Actually Believe in Free Speech? 31:35 Rights as a Defense Against Totalitarianism 32:14 Religion, the First Amendment, and Equal Treatment 33:58 The Taliban, Education, and Religious Absolutism 37:09 Why the Second Amendment Became Politically Unique 39:03 Political Violence and State Power 41:16 Due Process, Federal Force, and Law Enforcement Norms Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  6. Episode 492: Show Me The Money

    ٢٧ يناير

    Episode 492: Show Me The Money

    In this episode, we discuss why the right to an attorney remains one of the most important protections in the American legal system, using Gideon v. Wainwright to examine how due process actually functions in practice. We explore the recent surge in gold and silver prices, weighing inflation fears against global instability and market psychology, and consider how Trump’s negotiation style plays out in diplomacy and financial markets. We also examine a new film about Melania Trump, why it misses the larger political moment, and how culture increasingly drifts away from economic reality. We then turn to the so-called Great Wealth Transfer, where we explore how inheritances shape labor markets, housing prices, charitable giving, and long-term economic behavior, along with the unintended consequences that massive shifts in wealth can create for policy, taxation, and inequality. 00:00 Introduction and Overview 00:29 The Story Behind the Right to an Attorney (Gideon v. Wainwright) 03:44 Why Gideon’s Case Still Matters Today 04:43 Precious Metals Surge: Gold and Silver Prices Explained 06:40 Inflation vs. Global Risk as Drivers of Gold Prices 08:04 Trump’s Negotiation Style and Market Turbulence 09:53 Why Business Tactics Fail in Diplomacy 11:06 Foolishness of the Week: The Melania Trump Movie 13:22 Why the Movie Misses the Real Political Story 15:15 James Bores Ant with Sports Discussion 16:01 The Great Wealth Transfer 17:52 Why Inheritances Don’t Behave Like Savings 19:22 Inheritances as Economic Stimulus 22:10 Early Retirement and Labor Market Effects 23:14 Will Wealth Skip a Generation? 24:18 How Big the Wealth Transfer Really Is 25:58 Why the Economy Keeps Avoiding Recession 26:43 Racial Wealth Gaps and Political Fallout 30:49 Why Redistribution Could Backfire 32:04 Estate Taxes, Trusts, and Avoiding the IRS 36:36 Which States Will Gain the Most from Inheritance 38:25 Interest Rates, Inflation, and ESG Investing 40:29 Housing Prices vs. Rental Markets 42:26 Unintended Consequences of Massive Wealth Shifts 43:29 Charitable Giving and Inheritance Choices 44:37 Final Thoughts on Markets, Wealth, and the Future Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  7. Episode 491: Redistrict This!

    ٢٢ يناير

    Episode 491: Redistrict This!

    In this episode, we discuss how artificial intelligence is increasingly blurring the line between assistance and deception, from using AI tools to troubleshoot everyday problems to the growing risks of deepfake images and AI-generated pornography. We examine questions of name, image, and likeness as property, the limits of regulation, and whether government enforcement can realistically keep pace with rapidly evolving technology. We also dive into the foolishness of the week involving the Smithsonian and renewed debates over Trump’s impeachments, before turning to broader political questions about gerrymandering, census data, immigration, and representation. The conversation closes with a look at election denial, political extremism, rising distrust in institutions, and how economic anxiety continues to fuel anger and division across American society. 00:00 Introduction and Overview 00:26 Fixing a Computer with AI Assistance 02:00 Listener Calendar Story and Patreon Banter 03:52 AI, Deepfake Porn, and Image Ownership 05:14 Grok and AI Image Manipulation 08:01 AI Guardrails 10:44 Foolishness of the Week: Smithsonian and Trump’s Impeachments 12:15 Trump, Impeachment, and Historical Legacy 14:54 Does Trump Care About His Legacy? 17:05 Midterm Elections and House Control 18:45 Gerrymandering, Courts, and State Power 20:15 Urban vs Rural Political Divide 22:09 Redistricting, Census Rules, and Immigration 24:25 Census Overreach and Bad Data 26:00 Political Representation and Imperfect Systems 27:52 Why America Still Attracts Immigrants 28:47 Peaceful Transfers of Power and January 6 29:53 Election Denial and Institutional Trust 33:21 Political Extremism and Rising Violence 35:01 Protests, Policing, and Fear of Government 37:57 Midterms, Election Fallout, and Political Violence 38:54 Economic Anxiety and Political Anger Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  8. Episode 490: We’re Not Interested

    ٢٠ يناير

    Episode 490: We’re Not Interested

    In this episode, we examine the illogic behind TSA security rules and how performative regulation often substitutes for real safety, before turning to the economics of ticket scalping and why attempts to suppress secondary markets routinely backfire. We discuss proposals to cap credit card interest rates, including Donald Trump’s suggested limit, and explore how price controls distort lending, restrict access to credit, and harm the very consumers they are meant to protect. The conversation connects these issues to broader misunderstandings about markets, incentives, and regulation, highlighting how political solutions driven by optics rather than economics tend to produce higher costs, reduced choice, and unintended consequences across everyday life. 00:00 Introduction and Overview 00:26 The Illogic of TSA Rules and Security Theater 03:19 What TSA Bans (and Allows) Makes No Sense 05:47 Why TSA Rules Persist Long After the Threat Is Gone 07:02 Missed Episode Fallout and “Are You Still Alive?” 09:02 Trouble Inside the Trump Administration 12:36 Foolishness of the Week: NFL Ticket Resale Crackdown 13:15 Are Season Tickets Really “Yours”? 15:29 Why Ticket Scalping Actually Adds Value 17:21 Risk, Resale, and the Free Market for Tickets 19:05 What Secondary Markets Reveal About True Prices 21:31 Trump’s Proposal to Cap Credit Card Interest Rates 22:33 Does the President Even Have the Authority? 25:28 What a 10% Cap Would Do to the Credit Card Market 28:13 Credit Cards as Unsecured Loans and Risk Sharing 29:30 Why Banks Can’t Lend at 10% to Everyone 31:59 Trump, Elizabeth Warren, and Left-Wing Economic Policy 33:32 Why People Feel Economic Pain Despite “Good” Data 34:45 COVID Policy, Inflation, and the Middle-Class Squeeze 37:22 Who Really Pays for Artificially Cheap Credit 38:46 Life Without Credit Cards and Financial Shock Absorbers 39:53 Saving, Self-Insurance, and Economic Reality 41:58 Government Intervention and Cascading Market Failures 42:48 Why a Credit Card Cap Would Make Things Worse 45:02 Final Thoughts and Closing Reflections Learn more about your ad choices. Visit podcastchoices.com/adchoices

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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. Words and Numbers is a CiVL Original Podcasts, learn more at civl.com

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