Okay, Let Me Tell You Why You're Wrong: A Podcast for Understanding Economics

We just keep plugging along with Adam Smith's The Wealth of Nations this week where we are starting to get into more exciting (your concept of excitement may vary) territory with Book 1 Chapter 4: Of the Origins and Use of Money. I walk you through Smith's history of money, from dried cod (yes, for real) to coined money, and offer up some hot takes (about 200 years old) on the core concepts of valuation.

If you want to tell me why I'm wrong, join the conversation at our Facebook group at:

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This week we take a look at the concept of moral hazard and the role that it plays in a wide range of aspects in all of our lives; from the financial crises of the last ten years, to the NFL and its issue with concussions.

If you want to tell me why I'm wrong, come join the Facebook group at:

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We're back with another chapter of The Wealth of Nations! This week we tackle Chapter 1 Book 3: That the Division of Labor is Limited by the Extent of the Market. I delve into Smith's description of population and geographic limits to the effects of the division of labor. You're just going to have to trust me, it's more interesting than it sounds.

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or email me directly at: [email protected]

I sit down with Brendan Newell to talk about Bitcoin We cover a pretty lengthy explanation of what Bitcoin actually is, as well as go into what the future holds for it and other crypto-currencies.

If you want to join the discussion, come join the Facebook group at:

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or email me directly at: [email protected]

We're back with Book 1 Chapter 2 of The Wealth of Nations by Adam Smith. In this episode we continue to talk about the division of labor, as well as get into the Enlightenment Era influences of Adam Smith. I also take some time to address some not-so-thought-out criticism of Adam Smith.

Want to tell me why I'm wrong? Contact the podcast by joining our Facebook group at:

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or by email at: [email protected]

I do some pretty heavy speculating on what the future of home entertainment will look like based on some of the economic trends that we are seeing right now. What's to be made of the trend of IP holders pulling back their content from streaming services? What will happen when every channel has it's own app? Find out, or at least find out what my best guess is in this episode.

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I start of my new episode series by cracking open the thoroughly brilliant and massively overwritten The Wealth of Nations by Adam Smith. In this episode, we cover Book I Chapter I and talk about the Division of Labor, how we're all connected by the markets, and the inescapable truth that no matter what you come up with, "Smith said it first."

With the holidays completed, I thought it would be a pretty good opportunity to talk about the economics of gift giving. You may not think that something as simple as exchanging presents would rise to the level of economic theory, but it does, and in fact it tends to baffle economists for its many inconsistencies and inefficiencies. Listen as I, and the subject of economics, do our best to explain Christmas, because everybody knows that the best way to improve on something wonderful is to go into a lengthy explanation of why you're doing it wrong.

I do a bit of a deep dive on some of the economic issues surrounding Black Friday including why some people choose to not chase discounts during the event and what effect online retail is having on in-store sales over the biggest shopping day in the US.

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I talk about excise taxes and their effects as it relates to the recent debate over the Cook County sugar tax.