TLDR
The 2023 FOMO Episode
Jan 2, 2024
Stacey Grenrock-Woods, Devin Friedman, Sarah Rieger, and Matthew Karasz discuss the stock of the year, the Canadian real-estate market, and administer a FOMO quiz. They explore money events in 2023, the impact of AI chatbot breakups and crypto addiction, and play a guessing game with Doug Ford. They also talk about the housing affordability crisis and discuss non-market housing solutions and government intervention. The episode concludes with random topics and thanks to the listeners and sponsors.
19:51
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Quick takeaways
- Unique forms of currency, like fish snacks in prisons, reflect market dynamics and the emergence of new currencies in unconventional environments.
- Housing affordability in Canada has worsened due to factors such as lack of prioritization for public housing, restrictive zoning laws, and increased construction costs, highlighting the need for solutions that address affordability.
Deep dives
Disgraced FTX founder, Sam Bankman-Free, uses fish snacks as currency in jail
In a news quiz about money, it is revealed that Sam Bankman-Free, the founder of FTX, uses fish snacks as a form of currency to buy haircuts while in jail. This is a reflection of how market dynamics and the emergence of currency can occur in unique environments like prisons. However, the value of fish snacks may decrease rapidly due to inflation.
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