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 495: The Mirage of Nostalgia

    5H AGO

    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

    1h 3m
  2. Episode 494: The Dark Ages Never Went Away

    2D AGO

    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

    1h 6m
  3. Episode 493: Principles and Preferences

    JAN 29

    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

    46 min
  4. Episode 492: Show Me The Money

    JAN 27

    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

    48 min
  5. Episode 491: Redistrict This!

    JAN 22

    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

    43 min
  6. Episode 490: We’re Not Interested

    JAN 20

    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

    49 min
  7. Episode 489: Better off a Loan

    JAN 15

    Episode 489: Better off a Loan

    In this episode, we explore what it means to grant legal rights and who ultimately bears the cost when governments expand them, starting with Peru’s decision to recognize rights for stingless bees and moving into a broader discussion of negative versus positive rights. We examine labor shortages in skilled trades, the unintended consequences of vacancy taxes, and common misunderstandings about loans, insurance, and debt. The conversation then turns to credit scores, interest rates, student loans, and moral hazard, including how incentives shape borrowing behavior and higher education choices. Along the way, we connect financial systems to risk pooling and insurance logic, highlighting how policy decisions, incentives, and individual responsibility intersect in everyday economic life. 00:00 Introduction and Overview 00:29 Peru Grants Legal Rights to Stingless Bees 02:40 Negative vs Positive Rights and Who Pays 05:34 Peanut Butter, Welfare Logic, and the Road to Coercion 09:39 Ford Can’t Find Mechanics and the Skilled-Trade Shortage 13:02 Seattle’s Vacancy Tax and Unintended Consequences 18:33 Why People Misunderstand Loans and “Insurance” 19:58 Variable vs Fixed Rates and Paying Debt Early 22:27 Student Loans, Taxpayer Backstops, and Moral Hazard 24:58 Default, Walking Away, and Real Consequences 28:01 College Incentives: Engineering vs Liberal Arts 30:08 What a Credit Score Measures and Misses 31:29 Credit Utilization and Multiple Cards 33:56 Hard Inquiries, Store Cards, and Credit Score Hits 38:59 Interest, Mortgages, and Paying for Time 42:47 Why the Financial System Works Like Insurance 43:39 Sports Picks and Wrap-Up Learn more about your ad choices. Visit podcastchoices.com/adchoices

    48 min
  8. Episode 488: Iran, Iran So Far Away

    JAN 13

    Episode 488: Iran, Iran So Far Away

    In this episode, we challenge claims about economic stagnation by examining how interest, investing, and long-term saving actually shape wealth and retirement outcomes, including what it takes to reach a million dollars on different income levels. We then turn to public health, discussing the failures of the original food pyramid, the rise of snacking and carbohydrates, and the proper role of government as an information provider rather than an enforcer. In the “foolishness of the week,” we look at New York City’s expanding housing bureaucracy and why rent control continues to worsen affordability. We close with an in-depth discussion of Iran’s nationwide protests, internet shutdowns, water shortages, and the geopolitical consequences of a potential post-theocratic Iran for the Middle East and beyond. 00:00 Introduction and Overview 00:25 The “52 Years to Escape the Middle Class” Myth 02:29 What It Takes to Retire With $1 Million 04:25 Saving on Median vs. Bottom-Income Earnings 06:15 Narratives About Stagnation vs. Financial Reality 07:10 The New Food Pyramid and RFK Jr.’s Role 08:53 Why the Original Food Pyramid Failed 11:04 Government as Information Provider vs. Enforcer 13:04 Foolishness of the Week: NYC’s New Housing Bureaucracy 16:06 Rent Control and Why It Makes Housing Worse 17:46 Iran’s Nationwide Protests and Media Silence 20:26 Why Theocracies Look Strongest Before Collapse 22:02 Internet Shutdowns and Regime Panic in Iran 24:08 Why Mainstream News Isn’t Covering the Story 26:31 What a Post-Theocracy Iran Could Look Like 31:11 Iran’s Looming Water Crisis 34:07 Geopolitical Fallout for Russia and the Middle East 36:24 Final Thoughts on Regime Change and Human Cost Learn more about your ad choices. Visit podcastchoices.com/adchoices

    40 min
4.8
out of 5
361 Ratings

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

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