logo
episode-header-image
Dec 2020
25m 31s

The Economy Is Not a Machine

J. David Stein
About this episode
How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it. Topics covered include:Why income growth has slowed for the middle classWhy the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomesWhy the economy is a complex adaptive system rather t ... Show More
Up next
Jan 28
Why Catastrophe Bonds Yield 12%. Should You Invest?
A new ETF allows individuals to earn income by insuring against natural disasters through investing in catastrophe bonds. We break down the historical returns, risk, fees, and structure of this intriguing investment opportunity.Topics covered include:What types of natural disaste ... Show More
23m 59s
Jan 14
What Will Drive Financial Markets in 2026—and How to Make It Your Best Year
We explore the forces likely to shape financial markets in 2026 and how to make better decisions as you pursue your goals this year.Topics covered include:The difference between intentions and resolutionsKey behavioral biases and how to overcome themThe cautionary tale of a priva ... Show More
32m 42s
Dec 17
Debt Is For Managing Wealth Not Creating It
Should you borrow money to magnify returns in your 401 (k), IRA, or other tax-deferred retirement account?We examine Basic Capital, which allows investors to leverage their retirement account investments.We also explore how the wealthy don't use debt to generate wealth but to man ... Show More
26m 29s
Recommended Episodes
May 2023
Ep.41 Know Nothing About The Economy? This Episode's For You.
<p>Rupal Patel is a senior economist at the Bank of England and co-author of the best-selling pop-economics book Can’t We Just Print More Money, the Bank of England’s first book in its over 325 year history. Today, Rupal advises governors at the Bank of England on their policy de ... Show More
49m 49s
Oct 2023
The Fed's Tom Barkin On the Impact of Higher Interest Rates
The US economy has so far withstood the effects of higher interest rates a lot better than expected. Unemployment is still at historic lows, even while inflation has cooled and the Federal Reserve has hiked rates for about 18 months. That's not how things are supposed to work acc ... Show More
43m 43s
Jul 2023
The quest to save macroeconomics from itself
When it comes to big questions about the economy, we're still kind of in the dark ages. Why do some economies grow so much faster than others? How long is the next recession going to last? How do we stop inflation without wrecking the rest of the economy? These questions are the ... Show More
18m 53s
Apr 2021
S E38: Monetary Policy - The Financial Levers That Tame Business Cycles
Central Banks around the world, such as the Federal Reserve, work to keep the economy running smoothly. They set interest rates and adjust financial conditions to keep inflation and unemployment stable and low. Betsey Stevenson and Justin Wolfers take you to the heart of the Fed' ... Show More
24m 10s
May 2022
How the Global Economy Is Affecting Your Bank Account
You guys, this stuff can be really heavy and confusing—but we’re going to unpack it in a simple way so you can use this info to help you save money. We’ll talk about how you can protect your bank account even when the global economy and inflation are making things feel unstable ( ... Show More
36m 59s
Oct 2023
How to Improve Your Profitability through Cost Effective Planning
Beyond Frugality: Maximizing Business Profitability The Pitfalls of Solely Cutting Costs for Business Success We&apos;ve all heard the adage, &apos;Spend less money.&apos; While it holds true for personal finances, applying the same logic to your business operations might jeopard ... Show More
47m 29s
Nov 2023
Common Sense Economics
How much will ignorance in economics cost you? As taxpayers and entrepreneurs, are you prioritizing your knowledge of the economy? In this episode, Howard Yaruss joins Tom Wheelwright in exploring how economics is the biggest impact on business, how financial common sense was los ... Show More
41m 36s
Mar 2023
Everything You Need to Know About Economics with Howard Yaruss
Remember that economics course you took? Yeah, me neither. Turns out that knowing what’s happening in the economy is more important than you know. Politicians are making decisions with the economy that have a direct impact on your money. So as our guest Howard Yaruss, economist, ... Show More
41m 37s
Feb 2023
Jan Toporowski Explains Why Capitalists Dislike Full Employment
In the wake of the Great Financial Crisis, the work of John Maynard Keynes experienced a revival, as people sought answers to the problem of sluggish growth. In this cycle, sluggish growth isn't the problem. If anything, you hear business leaders and central bankers talking about ... Show More
37m 39s