Heather is back for another bar question! Yay! Except... it's real property... NOOOOO We only do the question on this one, since we did both the Q and A last time. So, this is just a short little uncharged episode to get us back on track. It also allows me to catch up on Patron thanks!
Note: two new Gavel Gavels are out, with more coming very, very soon!
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This is the first episode of a three-part miniseries on entangled political economy (EPE), hosted by Mikayla Novak. Entangled political economy is a sub-discipline of political economy that explicitly views individuals and the private and public sectors as being intertwined in overlapping exchange relationships along competitive and collaborative dimensions.
On this episode, Mikayla Novak interviews Richard Wagner on entangled political economy. Wagner discusses the framework’s origins, influenced by James Buchanan, and critiques governmental inefficiency, advocating for privately ordered governance. Wagner reflects on his teaching experiences which integrated anthropology, sociology, and other social sciences, and how these shaped his understanding of economics as a broad social science encompassing various forms of exchange and societal interactions. He highlights Vincent Ostrom's work on the limitations of government, and considers the future directions of EPE.
Richard Wagner is Emeritus Professor of Economics at George Mason University and Distinguished Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
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Virtual Sentiments, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to seasons one and two!
This week we're a day late (and probably a dollar short too), and so discussing the ramblin', hard-workin', hard-timin' Charley Crockett seems to make a lot of sense. Crockett is one of the most prolific and beloved artists currently working in the folk/country/Americana/etc. world, and though narrowing down a song was hard, we landed adding his soulful, funky, swampy ditty "I'm Just a Clown" to our Ultimate Country Playlist.
The time value of money, or TVM, is a fundamental concept that affects your financial planning and investment success. In this episode, we review the time value of money, why it matters, and how to calculate your investment returns.
Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.
Watch this episode on YouTube. Today, we're catching up with Biden and Trump and their Memorial Day messages, discussing the Biden campaign's Ohio ballot fiasco, and providing an update on the Gaza pier. Plus, much more! Tune in!
Time Stamps:
15:45 Memorial Day Updates
28:44 Trump Trial
37:05 Ohio Ballot Fiasco
43:41 Libertarian Convention
47:08 Gaza Pier Update
52:34 Sport Stories
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Prime Minister Rishi Sunak has said that the UK economy is growing faster than Germany, France and the US, while Labour says the typical household in the UK is worse off by ?5,883 since 2019. Are these claims fair? We give some needed context.
Net migration has fallen - we talk to someone who predicted it would - Dr Madeleine Sumption, director of the Migration Observatory at the University of Oxford.
Is Taylor Swift about to add ?1 bn to the British economy as some media outlets have claimed? The answer is ?No?.
Why are our prisons full? We ask Cassia Rowland from the Institute for Government.
Presenter: Tim Harford
Producers: Charlotte McDonald, Nathan Gower, Bethan Ashmead Latham and Ellie House
Series producer: Tom Colls
Sound mix: Neil Churchill
Production coordinator: Brenda Brown
Editor: Richard Vadon
Dialysis is a medical miracle, a treatment that allows people with kidney failure to live when otherwise they would die. It also provides a captive customer for the dialysis industry, which values the steady revenues that come from critically required long-term care that is guaranteed by the government.
Tom Mueller's six year deep dive into the dialysis industry has yielded his latest book, How to Make a Killing: Blood, Death, and Dollars in American Medicine (W. W. Norton, 2023). It's both an historical account of this lifesaving treatment and an indictment of the industry that is dominated by two for-profit companies that control ~80% of the market.
There is a precarious balance between ethical care for patients and the prioritization of profits for the providers, a tension that has led to ethical, political, and legal debates about the rationing and exploitation of life-saving care and quality of life.
Dialysis services are desperately needed by patients who require the dangerous, uncomfortable, and exhausting treatments multiple times per week, and pay for it through complex insurance procedures.
Tom Mueller’s book includes a vivid account of CEOs who lead their companies with messianic zeal to drive revenues continually up while simultaneously reducing the cost of care. He introduces us to the doctors charged with reducing those costs even at the expense of high-quality care and negative health outcomes. And we meet the patients themselves, who have little choice but to put their lives and well-being at the mercy of this system.
How did a lifesaving medical breakthrough become a for-profit enterprise that threatens many of the people it’s meant to save? And who are the brave people -patients, doctors, and employees of the system who are willing to tell their stories despite tremendous pressure to remain silent? And why do we as Americans accept worse outcomes at higher costs than the rest of the world?
Tom Mueller's highly readable yet devastating book illustrates the dialysis industry as a microcosm of American medicine.
Mueller challenges us to find a solution for dialysis, an approach that could also provide the opportunity to begin fixing our country’s dysfunctional healthcare system and a fighting chance at restoring human health outcomes, rather than the extraction of profits, as its true purpose.
In the year 79, Mount Vesuvius, a volcano located east of the modern-day city of Naples, erupted.
Vesuvius had erupted before, but this eruption was different. It ejected an enormous amount of ash, which completely buried several towns and cities below the mountain.
Almost 2,000 years later, the largest of those cities, Pompeii, was rediscovered, and what archeologists found revolutionized our understanding of the ancient world.
Learn more about the destruction and rediscovery of Pompeii on this episode of Everything Everywhere Daily.