Hawk Talk

Is there a massive class action suit awaiting colleges and universities that promise certain educational outcomes and don’t deliver? Colleges and universities are admitting students they know won’t succeed and happily cashing their tuition checks. There are scary parallels here to bankers who gave mortgages to borrowers the banks knew couldn’t afford to repay those mortgages.

 

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://fred.stlouisfed.org/series/INDPRO

https://fred.stlouisfed.org/series/MANEMP

https://fred.stlouisfed.org/series/USMINE

https://fred.stlouisfed.org/series/CES1021100001

https://fred.stlouisfed.org/series/IPUCN2211W200000000

https://www.cnn.com/2022/03/04/politics/biden-buy-american-domestic-manufacturing/index.htmhttps://www.wsj.com/articles/andrew-cuomo-chris-cnn-cancel-culture-pc-political-correct-sexual-harrassment-accusation-new-york-governor-church-speech-11646599202l

Foolishness of the Week

https://www.fox5ny.com/news/sony-unveils-new-gold-plated-walkman

Topic of the Week

https://www.npr.org/2022/02/16/1081107925/education-department-devry-university-borrower-defense-student-loan-relief

https://nces.ed.gov/fastfacts/display.asp?id=73

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Politicians often argue the benefits of raising taxes to pay for sports stadiums, citing all the economic benefits that accrue from attracting major sports teams. But if there were significant economic benefits, wouldn’t private investors have an incentive to pay for the stadiums on their own? Why do we need tax revenues to fund them? This week, economist Lauren Heller joins us to talk about the economics of sport stadiums.

 

Get a 20% discount on the mask not named in the episode by clicking below and using the coupon code wordsandnumbers.

https://www.getunmask.com/?ref=8Dgb483n98NjG

 

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://russiandefpolicy.com/2021/12/27/russian-military-pay-still-lags/

https://www.cnas.org/publications/commentary/when-do-economic-sanctions-work-best

https://www.wsj.com/articles/self-driving-trucks-start-to-propel-land-rush-near-major-cities-11646053200

Foolishness of the Week

https://www.usatoday.com/story/travel/airline-news/2022/02/25/mask-mandate-travel-cdc-guidelines/6938530001/

Topic of the Week

https://www.berry.edu/academics/fs/lheller

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices

The life cycle of birth, maturation, death, and new life plays out in markets in the same way and for the same reasons. Entrepreneurs come up with new ideas. If customers like those ideas better than they like dollars in their pockets, they pay the entrepreneurs and the new ideas mature. But with maturation comes some ossification as once nimble companies get bogged down by their own bureaucracies. This creates opportunities for new entrepreneurs to come along and replace the old. Amazon, once the nimble upstart that gave customers what they wanted at prices they were willing to pay, may be showing signs of its oncoming and inevitable decline.

 

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://www.facebook.com/HistoricPhotographs/posts/2026578217515918

Foolishness of the Week

https://www.breitbart.com/tech/2022/02/21/report-apple-store-employees-want-to-unionize-use-android-phones-to-avoid-tim-cooks-snooping/

Topic of the Week

https://www.salesforce.com/blog/jeff-bezos-lessons-blog/

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices

David Friedman joins us to talk about the gold standard: why one existed at all, why we went off it, and what would happen if we reinstituted it.

 

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://www.mprnews.org/story/2022/02/03/betty-whiteout-ctrl-salt-delete-top-winners-in-mndot-nameasnowplow-contest

https://www.cbc.ca/news/canada/northwest-territories-looking-for-new-name-bob-need-not-apply-1.319749

https://www.nytimes.com/2016/03/22/world/europe/boaty-mcboatface-what-you-get-when-you-let-the-internet-decide.html

https://www.msn.com/en-us/money/taxes/irs-backlog-hits-nearly-24-million-returns-further-imperiling-the-2022-tax-filing-season/ar-AATKL3A

Foolishness of the Week

https://reason.com/2022/02/10/ohio-mayor-warns-that-ice-fishing-will-lead-to-prostitution/

Topic of the Week

http://www.daviddfriedman.com

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices

The federal debt recently crossed the $30 trillion mark, making the debt 50% larger than the entire US economy.

 

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://www.wsj.com/articles/belarusian-officials-charged-with-aircraft-piracy-for-diversion-of-ryanair-flight-11642723692

https://www.itv.com/news/2022-02-07/scientists-create-spinal-cord-implants-that-could-allow-paralysed-people-to-walk

Foolishness of the Week

https://www.claimscon.org/study/

Topic of the Week

https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

 

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Americans are so used to having goods available to them at low prices, in expansive variety, and in apparently limitless quantities that sporadic shortages are shaking up our lives. Yet, what we experience as an inconvenience, others in the world experience as starvation. Humans’ default condition is not one of plenty, but one of poverty. What stands athwart any society and poverty is good governance and a free economy.

 

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://www.artforum.com/news/ireland-to-launch-universal-basic-income-program-for-artists-87612

https://www.cnn.com/2022/01/31/europe/ireland-fishermen-russia-navy-intl/index.html

Foolishness of the Week

https://www.msn.com/en-us/news/us/he-e2-80-99s-declining-a-coronavirus-vaccine-at-the-expense-of-a-lifesaving-transplant-e2-80-98i-was-born-free-i-e2-80-99ll-die-free-e2-80-99/ar-AATkeOa

Topic of the Week

https://www.unitlife.org/impact-of-covid-19-on-malnutrition

https://www.statista.com/statistics/269924/countries-most-affected-by-hunger-in-the-world-according-to-world-hunger-index/

https://data.worldbank.org/indicator/SN.ITK.DEFC.ZS

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Chosen is a remarkable TV series on two counts. It is the largest crowdfunded effort of its type, having raised more than $10 million and attracted over 150 million downloads over its two seasons. It also manages to depict stories from the New Testament in a way that is attractive to atheists and people of faith alike. Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://katu.com/news/nation-world/students-at-no-2-business-school-struggle-to-identify-the-average-americans-salary

https://mcdc.missouri.edu/help/measures-of-income/

https://www.nytimes.com/interactive/projects/college-mobility/university-of-pennsylvania

https://www.science.org/doi/10.1126/science.abd0380

Foolishness of the Week

https://www.bloomberg.com/news/articles/2022-01-21/bezos-loses-20-billion-in-brutal-week-for-tech-billionaires

Topic of the Week https://www.amazon.com/The-Chosen-season-1/dp/B091D6KCBS

https://watch.angelstudios.com/thechosen

https://derraleves.com/certified-youtube-consultant/

https://www.316tees.com/blogs/316/the-chosen-highest-crowd-funded-media

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Something odd is happening among Americans. People are generally quite nice to each other. Historically, Americans have been a generous people, and most have a good sense of civic duty. Yet, Americans on both the left and the right are angry about our politics. Both sides are coming to view the other as “the enemy.” It’s possible that we’ve reached a point where the best way forward is to go our separate ways. And we might not have reached this point at all if we had taken our founding principles more seriously.

 

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick HitsFoolishness of the Week

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Even in the absence of inflation, a dollar in the future is less than a dollar today simply because it exists in the future. Humans have figured out how to use this fact to invent things like mortgages, installment payments, and subscriptions. We talk about the implications of the time value of money, then segue into virtual reality and the future of labor markets, then into the service the rich perform for the rest of us as first adopters. This is what happens when you don’t have a script.

Get a 20% discount on the mask not named in the episode by clicking below and using the coupon code wordsandnumbers. https://www.getunmask.com/?ref=8Dgb483n98NjG

Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hitshttps://www.usatoday.com/story/news/nation/2022/01/05/maryland-couple-schmidt-baking-company-virginia-i-95/9110543002/

https://wtop.com/virginia/2022/01/uber-rider-stuck-on-i-95-hit-with-600-bill/

Foolishness of the Week

https://www.dallasnews.com/news/crime/2022/01/08/houston-teacher-accused-of-locking-son-in-trunk-of-car-to-avoid-covid-19-exposure/

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

TAOlFLJq9bgnsgINqcg6

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Goods appear to be randomly missing in stores, and prices seem to be rising. Much of what we're seeing is due to disruptions in the supply chain. This week, we talk with industry insider Mikhail Rasner about what's going on. Get Your Copy of Cooperation and Coercion Now!

http://www.cooperationandcoercion.com

Show Your Support for Words & Numbers at Patreon

https://www.patreon.com/wordsandnumbers

Quick Hits

https://www.npr.org/2021/12/16/1064855510/kraft-cream-cheese-20-dollar-website

https://www.bloomberg.com/news/newsletters/2021-12-10/supply-chain-latest-cream-cheese-is-the-latest-casualty-of-cyberattacks

https://www.msn.com/en-us/news/opinion/opinions-with-the-supreme-court-lurching-right-state-courts-offer-liberals-hope/ar-AASaLg5

Foolishness of the Week

https://nypost.com/2022/01/02/australian-man-self-immolates-after-ranting-against-covid-vaccines/

Join the Conversation

Words & Numbers Backstage

https://www.facebook.com/groups/130029457649243/

More James at Smoke & Storieshttps://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

Let Us Know What You Think

mailto:[email protected]

Antony Davies on Twitter

https://twitter.com/antonydavies

James R. Harrigan on Twitterhttps://twitter.com/JamesRHarrigan

Learn more about your ad choices. Visit podcastchoices.com/adchoices