Econ Nerds Live

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.Chapters02:49 Discussion on H1B Visa Fee Proposal07:01 Economic Implications of H1B Visa Holders22:11 ChatGPT Conversations: Interesting or Boring?26:12 Weekly News Quiz: Government Shutdown Insights44:09 Poorly Named Economic Concepts47:29 Econ Illiterates of the Week52:48 Econ in the Wild: Real-Life ApplicationsSubscribe in podcast formhttps://open.spotify.com/show/6W1pgHpoGGhejB5CkrlHzZ?si=uhokpBurRMShTSBuR2pMjQBe sure to check out the Econ Nerds on youtube here: ⁠https://www.youtube.com/@EconNerds⁠

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 America00:51 The Differences Between the West Indies and American Colonies04:56 Hamilton's Education and Early Writings08:25 Hamilton's Military Career and Role in the Revolution11:31 Hamilton's Financial Insights and Strategies20:32 Hamilton's Role in the Constitution's Ratification23:30 Key Components of a Modern Financial System27:05 The Room Where It Happened: Political Bargaining34:53Establishing the Bank of the United States39:20 Hamilton's Perspective on Modern Fiscal PolicyBe 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 EVsThe economists are fighting over firewoodNot Investment Advice: Betting on the NY Mayor raceEcon in the Wild: Library books and Trump joins the trivia team01:09 Recession Fears and Economic Indicators04:57 Alternative Indices for Predicting Recessions09:03 Current Economic Data and Concerns14:10 News Quiz25:05 The Economists are fighting!35:02 Not Investment Advice: NY Mayor Bet39:49 Econ Illiterate of the Week44:23 Econ in the WildBe sure to check out the Econ Nerds on youtube here: ⁠https://www.youtube.com/@EconNerds⁠

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 Licensing09:32 The Impact of Licensing on Accessibility11:12 State Patterns in Occupational Licensing13:42 Reforming Occupational Licensing15:57 News Quiz: Jobs numbers and Capitalism30:39 New Segment: Marketing34:55 Econ Illiterate of the Week: Planet Money Tiktok39:50 Econ in the Wild41:38 Sunk Cost Fallacy in Reading44:34 Finding the Right Books to Read47:52 Econ in the Wild: Beach Flag Systems50:16 Asymmetric Information in DentistrySubscribe in podcast formhttps://open.spotify.com/show/6W1pgHpoGGhejB5CkrlHzZ?si=uhokpBurRMShTSBuR2pMjQBe 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 Implications13:22 Weekly News Quiz and Current Events Discussion28:02 Ask the Experts: Understanding the De Minimis Exception34:46 Econ Illiterate of the Week40:16 Paper of the Week: Analyzing College Wage Premiums41:55 Econ in the Wild: Weddings and weighted vestsSubscribe in podcast formhttps://open.spotify.com/show/6W1pgHpoGGhejB5CkrlHzZ?si=uhokpBurRMShTSBuR2pMjQBe 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 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 Quiz08:31 Holographic Crime Prevention in South Korea11:06 Federal Reserve and Lisa Cook's Controversy16:17 Analysis of Lisa Cook's Research and Its Implications18:59 The Controversy Surrounding Lisa Cook's Research23:12 Econ Illiterate of the Week32:21 AI's Role in Creativity and Personal Connection34:53 Consumer Surplus and Deadweight Loss in our personal lifeSubscribe in podcast formhttps://open.spotify.com/show/6W1pgHpoGGhejB5CkrlHzZ?si=uhokpBurRMShTSBuR2pMjQBe 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, 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. Chapters00:00 News Quiz14:08 The BLS Firing and Its Implications31:37 Economic Illiteracy of the Week40:18 Consumer Surplus and DWLs of the weekBe 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 Apprenticeships05:47 Cultural Differences in Apprenticeship Models10:30 Apprenticeships vs. Traditional Education17:48 Barriers to Expanding Apprenticeships in the US22:19 The Value of Practical Learning27:30 Career Exploration Through Apprenticeships31:01 The Impact of AI on Apprenticeships33:52 The Social Aspects of College vs. Apprenticeships38:22 The Need for Viable Alternatives to CollegeBe 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

In this episode of Econ Nerds Live, hosts Matt Hill and Ariel Slonim first have a news quiz before discussing Fed Independence and Trump v. Powell.The conversation shifts to vacation experiences, highlighting the cost of living and consumer surplus, before wrapping up with a discussion on economic observations from their travels.02:46 News Quiz14:28 Federal Reserve Independence and History20:03 Volcker's Impact and Political Relationships22:49 Fed Speak vs. Trump Speak26:45 Vacation Talk: Experiences and Observations33:49 Consumer Insights from Travel38:26 The Price is Right? Camping Economics42:58 Consumer Surplus and Deadweight Loss in Daily LifeBe sure to check out the Econ Nerds on youtube here: ⁠https://www.youtube.com/@EconNerds⁠