In this episode of Econ Nerds Live, hosts Matt Hill and Ariel Slunum, along with guest Rob Raffety, debate the new $100,000 fee. Then we have our news quiz featuring apples and our old friend EJ Antoni, PhD. Then we our economic illiterates of the week and a poorly named segment.

Chapters

02:49 Discussion on H1B Visa Fee Proposal

07:01 Economic Implications of H1B Visa Holders

22:11 ChatGPT Conversations: Interesting or Boring?

26:12 Weekly News Quiz: Government Shutdown Insights

44:09 Poorly Named Economic Concepts

47:29 Econ Illiterates of the Week

52:48 Econ in the Wild: Real-Life Applications

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Prof. Richard Sylla tells how Alexander Hamilton, a poor immigrant from the West Indies, dreamed up and then revolutionized America’s financial system, paving the way for 250 years of growth.

Then Prof. Sylla tells us what the architect of the U.S. National debt would think about today’s national debt.

00:00 Hamilton's Early Life and Move to America

00:51 The Differences Between the West Indies and American Colonies

04:56 Hamilton's Education and Early Writings

08:25 Hamilton's Military Career and Role in the Revolution

11:31 Hamilton's Financial Insights and Strategies

20:32 Hamilton's Role in the Constitution's Ratification

23:30 Key Components of a Modern Financial System

27:05 The Room Where It Happened: Political Bargaining

34:53Establishing the Bank of the United States

39:20 Hamilton's Perspective on Modern Fiscal Policy

Be sure to check out the Econ Nerds on youtube here: 

⁠https://www.youtube.com/@EconNerds⁠

• How can you know if there is a recession coming? Are there some secret economic indicators?
• News Quiz! Coffee Prices and Chinese EVs
• The economists are fighting over firewood
• Not Investment Advice: Betting on the NY Mayor race
• Econ in the Wild: Library books and Trump joins the trivia team

01:09 Recession Fears and Economic Indicators

04:57 Alternative Indices for Predicting Recessions

09:03 Current Economic Data and Concerns

14:10 News Quiz

25:05 The Economists are fighting!

35:02 Not Investment Advice: NY Mayor Bet

39:49 Econ Illiterate of the Week

44:23 Econ in the Wild

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Do you have license for that haircut? What’s more popular socialism or capitalism? and does NPR know what a Depression is? All that on today’s Econ Nerds live.

Noah Trudeau joins the Nerds to discuss occupational licensing. What is it? Why should you despise it? Which states are the worst offenders?  Then we have anews quiz segment. Matt unveils a new segment where he fails to promote the podcast on Twitter. All that plus Econ Illiterate of the Week and Econ in the Wild. 

00:00 Introduction to Occupational Licensing

09:32 The Impact of Licensing on Accessibility

11:12 State Patterns in Occupational Licensing

13:42 Reforming Occupational Licensing

15:57 News Quiz: Jobs numbers and Capitalism

30:39 New Segment: Marketing

34:55 Econ Illiterate of the Week: Planet Money Tiktok

39:50 Econ in the Wild

41:38 Sunk Cost Fallacy in Reading

44:34 Finding the Right Books to Read

47:52 Econ in the Wild: Beach Flag Systems

50:16 Asymmetric Information in Dentistry

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Do you have license for that casket? What’s more popular socialism or capitalism? and does NPR know what a Depression is? All that on today’s Econ Nerds live.

Noah Trudeau joins the Nerds to discuss occupational licensing. What is it? Why should you despise it? Which states are the worst offenders?  Then we have a news quiz segment. Matt unveils a new segment where he fails to promote the podcast on Twitter/X. All that plus Econ Illiterate of the Week and Econ in the Wild. 

00:00 Introduction to Occupational Licensing

09:32 The Impact of Licensing on Accessibility

11:12 State Patterns in Occupational Licensing

13:42 Reforming Occupational Licensing

15:57 News Quiz: Jobs numbers and Capitalism

30:39 New Segment: Marketing

34:55 Econ Illiterate of the Week: Planet Money Tiktok

39:50 Econ in the Wild

41:38 Sunk Cost Fallacy in Reading

44:34 Finding the Right Books to Read

47:52 Econ in the Wild: Beach Flag Systems

50:16 Asymmetric Information in Dentistry

Subscribe in podcast form

https://open.spotify.com/show/6W1pgHpoGGhejB5CkrlHzZ?si=uhokpBurRMShTSBuR2pMjQ

Be sure to check out the Econ Nerds on youtube here: 

⁠https://www.youtube.com/@EconNerds⁠

In this episode of Econ Nerds Live, hosts Matt Hill and Ariel Slonim discuss various economic topics, starting with the implications of Kawhi Leonard's signing with the LA Clippers. They explore the economics behind sports contracts, price ceilings, and market dynamics. The conversation shifts to a weekly news quiz covering economic regulations, including the de minimis loophole and its impact on trade. They also analyze misconceptions in the housing market, before concluding with a light-hearted discussion about a potential wedding-themed club and navigating child education.

01:08 Kawhi Leonard's NBA Signing and Economic Implications

13:22 Weekly News Quiz and Current Events Discussion

28:02 Ask the Experts: Understanding the De Minimis Exception

34:46 Econ Illiterate of the Week

40:16 Paper of the Week: Analyzing College Wage Premiums

41:55 Econ in the Wild: Weddings and weighted vests

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In this episode of Econ Nerds Live, hosts Matt Hill and Ariel Slonim have their usual news quiz. Then they discuss into the controversial firing of Lisa Cook from the Fed. Matt then summarizes Cook’s most famous paper and the data issues with it. The episode also features a segment on the 'Econ Illiterate of the Week,' focusing on Trump's dealings with Intel. Also discussed: Boeing and AI art.

00:00 Introduction 

02:46 News Quiz

08:31 Holographic Crime Prevention in South Korea

11:06 Federal Reserve and Lisa Cook's Controversy

16:17 Analysis of Lisa Cook's Research and Its Implications

18:59 The Controversy Surrounding Lisa Cook's Research

23:12 Econ Illiterate of the Week

32:21 AI's Role in Creativity and Personal Connection

34:53 Consumer Surplus and Deadweight Loss in our personal life

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⁠https://www.youtube.com/@EconNerds⁠

In this episode of Econ Nerds Live, hosts Matt Hill and Ariel Slonim discuss various economic topics, including the recent turmoil at the Bureau of Labor Statistics (BLS) following the firing of its head. They explore the implications of this event on data accuracy and public trust in economic statistics. Additionally, they introduce a new segment called 'Economic Illiterate of the Week. 

Chapters

00:00 News Quiz

14:08 The BLS Firing and Its Implications

31:37 Economic Illiteracy of the Week

40:18 Consumer Surplus and DWLs of the week

Be sure to check out the Econ Nerds on youtube here: 

⁠https://www.youtube.com/@EconNerds⁠

Kelly Vedi from https://kellyvedi.substack.com/ comes on to explore the significance of apprenticeships as a viable training strategy in the U.S., contrasting them with traditional education models. She outlines the historical context, current state, and cultural differences surrounding apprenticeships, emphasizing their potential benefits for both employers and young people. 

We discuss barriers to expanding apprenticeship programs, the role of AI, and the social aspects of vocational training compared to college education. 

00:00 The Importance of Apprenticeships

05:47 Cultural Differences in Apprenticeship Models

10:30 Apprenticeships vs. Traditional Education

17:48 Barriers to Expanding Apprenticeships in the US

22:19 The Value of Practical Learning

27:30 Career Exploration Through Apprenticeships

31:01 The Impact of AI on Apprenticeships

33:52 The Social Aspects of College vs. Apprenticeships

38:22 The Need for Viable Alternatives to College

Be sure to check out the Econ Nerds on youtube here: 

⁠https://www.youtube.com/@EconNerds⁠

In this episode of Econ Nerds Live, we dive into the transformative world of driverless car technology with Andrew Miller, author of the substack: Changing Lanes and the forthcoming book "The End of Driving."

We start with a transportation quiz before discussing the technological, regulatory and cultural barriers to a driverless car future.

In the end, we get Andrew's takes on some prediction market driverless car bets.

Check Andrew's substack here: https://www.changinglanesnewsletter.com/

Be sure to check out the Econ Nerds on youtube here: 

⁠https://www.youtube.com/@EconNerds⁠