Capital Record

David looks at the danger that happens when we use hasty generalizations in our economic thinking. A company does something bad?  Companies are bad. A business deal goes bad? Business deals are bad. A trading partners does wrong? Trading partners are bad. The illogical movement from a particular to a universal is flawed thinking, but when it gets put into practice, it undermines optimal economic outcomes and ignores the most basic of economic principles. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today’s episode goes into David’s Dividend Cafe to look at the desire of the 9/11 terrorists to strike at our nation’s financial markets, and makes the case that a love of country means a love of capital markets.https://bahnsen.co/47JU4Vn Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David delves into the reality of youth (sports) gone wild, whether or not market forces should restrain this phenomenon gone mad, and where rightly centered and ordered priorities might create the optimal virtuous outcome. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Joel Griffith, a Senior Fellow at Advancing American Freedom and an expert on economic policy, joins the conversation. He critiques the current tariff regime, labeling the idea of tariff rebates as nonsensical. The discussion highlights the negative repercussions of recent trade deals on American consumers and the geopolitical mess created by tariffs on Indian imports. They argue that protectionist policies fail to address deeper societal issues, such as declining fertility rates, and advocate for sound economic principles instead of expanding entitlements.

Richard Reinsch, a commentator on conservatism and author of 'Reading the New Conservatives,' joins to discuss the resurgence of right-wing populism. The conversation reveals that today's economic arguments aren't as new as they seem. They explore the clash between consumer-focused policies and worker needs, the risks of increased government intervention in business, and the complexities of trade, especially with China. Reinsch critiques corporate advocacy within politics, pushing for a redefined consumer welfare standard to foster a more inclusive economy.

Unpacking the controversial idea that 'work-life balance' can lead to mediocrity, the discussion dives into the relationship between work and human flourishing. It emphasizes work as a vital, creative force tied to individual fulfillment and civilization. The speakers challenge conventional wisdom, asserting that an engaged approach to work enhances life rather than detracts from it. This thought-provoking conversation invites listeners to reconsider their own views on productivity and personal satisfaction.

David takes on the state-capitalism idea that the right has been rightly critical of in China for many years (market forces that are highly directed by the state), but takes this cogent criticism to the idea of Nvidia revenue shares, Intel equity ownership, CEO selection, and other mystifying things that if a leftist president were doing the right would be losing their ever-loving minds over. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It appears from media reports that SiriusXM is done with their long-term, nine-figure (annual) relationship with Howard Stern, the former FM radio shock jock turned woke, politically correct bore. On today’s Capital Record, David walks through how the two Howard Sterns were both perfect encapsulations of the undermining of a free and virtuous society, only each Howard Stern did this in a totally different way. This is an unconventional Capital Record with a perspective you’re unlikely to hear anywhere else. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On today’s Capital Record, David looks at the issue of housing affordability and walks through Rahm Emanuel’s new op-ed in the Washington Post whereby a confused explanation of the financial crisis is given, and even more confused solutions are offered to a problem Rahm mostly identifies correctly. Few subjects in the American economy touch more people than housing, and if housing has become unaffordable for too many, the one thing we really cannot afford is to get this subject wrong.Show notes:What’s Really Depressing America’s Young Men  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David looks at the unspeakable recent murder of the Blackstone Real Estate CEO and those who have celebrated the murder. Highlighting their despicable lack of moral clarity is the easy part. But unpacking the inexplicable economic ignorance embedded in their murderous hatred is perhaps an equally important subject. Fortunately, most people do not condone horrific murders; but unfortunately, far too many do buy the rationale that a Blackstone Real Estate CEO was doing something bad for regular people. And that assumption is what we will take to the woodshed in today’s Capital Record. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.