Episode 50: Intentions Don't Matter — Outcomes Do

Socialism is, whether we like it or not, in the national dialogue. And there are numerous people who claim to be socialists who, nevertheless, have a hard time defining what socialism actually is. Socialism, in it's purest form, indeed, has never been tried. But, by the same token, neither has undiluted capitalism. To understand which works better, we have to think about means and ends. Almost all of us want the same ends, but we disagree sharply as to the appropriate means. So how do we find the most efficient, most humane means? Join Antony Davies and James Harrigan as they talk about this and more on this week's episode of Words and Numbers.

Quick hits

Sweden could launch its own cryptocurrency http://www.businessinsider.com/sweden-cryptocurrency-e-krona-riksbank-2018-1 

People believe that companies may five times more profit than they actually do http://www.aei.org/publication/the-public-thinks-the-average-company-makes-a-36-profit-margin-which-is-about-5x-too-high-part-ii/?utm_content=bufferaa12b&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer  https://taxfoundation.org/state-gasoline-tax-rates-2017/  http://gasprices.aaa.com/  http://fortune.com/2017/06/07/fortune-500-companies-profit-apple-berkshire-hathaway/

Topic of the Week: Socialism

https://www.usnews.com/opinion/economic-intelligence/articles/2017-03-08/celebrate-american-womens-economic-freedom-on-international-womens-day

www.wsj.com/articles/antony-davies-and-james-r-harrigan-for-gender-equality-you-cant-beat-capitalism-1425684094 

https://www.usnews.com/opinion/articles/2016-09-19/we-need-to-find-the-right-mix-of-government-and-markets 

http://www.antolin-davies.com/research/elp.pdf 

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