Words & Numbers

For whom does the corporation exist: investors, workers, customers, the community? Economists tend to answer, "investors." That's not to say that workers, customers, and the community aren't important, but rather that the corporation exists to further the interests of the investors. Where the interests of the workers, customers, and community coincide with those of investors, the corporation also cares about those groups. But where their interests conflict with those of investors, the interests of investors take precedence. That's the principle of "shareholder value." The principle of "stakeholder value" holds that the corporation should consider the interests of workers, consumers, and the community even when they conflict with the interests of the investors. Foolishness of the Week: 08:15 Main episode: 12:29 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://newschannel9.com/news/nation-world/scientists-discover-novel-way-to-destroy-cancer-cells Foolishness of the Week  https://www.axios.com/2024/01/11/florida-book-ban-schools-lawsuit Topic of the Week https://youtu.be/O8RpyqauWOQ?si=bFkwzQNP_PTNbtFQ&t=5109 Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Economic "degrowth" seems to be the new socialism. Like the old, it promises all manner of wonderful things, from equality to a cleaner environment. And like the old, it will deliver nothing but misery. Foolishness of the Week: 10:24 Main episode: 13:35 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://www.ambito.com/politica/ley-omnibus-el-gobierno-busca-que-ya-no-se-use-la-palabra-gratis-prestacion-estatales-n5908723 https://constitution.congress.gov/browse/essay/artI-S6-C1-3-1/ALDE_00013300/ Foolishness of the Week https://www.cnn.com/2024/01/06/politics/lloyd-austin-hospitalization-officials/index.html/ https://www.nbcnews.com/news/us-news/secretary-defense-lloyd-austin-hospitalized-middle-east-missions-rcna132612/ Topic of the Week https://theconversation.com/degrowth-slowing-down-rich-economies-to-deal-with-climate-change-is-a-flawed-idea-209434 https://foreignpolicy.com/2023/12/17/degrowth-economics-europe-climate-policy/ Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational Learn more about your ad choices. Visit podcastchoices.com/adchoices

Intuitively, people understand the value of time. We consider it every time we decide to put off something we want now for something better later. Psychologists call it, “delayed gratification.” But when we think about things like banks and landlords and Wall Street, we fail to see the time value of money driving people’s behaviors. Foolishness of the Week: 14:15 Main episode: 18:13 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits http://nutritionpair.com/ www.wfla.com/news/dave-chappelle-ends-show-early-walks-off-stage-at-hard-rock-live/ Foolishness of the Week www.wsj.com/articles/yellen-biden-economy-inflation-prices-dc9902f2 Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Colleges and universities, for years now self-proclaimed bastions of “safe spaces,” are allowing some students to express anti Semitism and call for genocide. Should colleges allow this in the name of free speech, or should it disallow it in the name of protecting students? Congressional hearings into prominent universities appear to reveal administrators picking a third and worse option: selectively allowing or disallowing free speech depending on at whom the speech is directed. Foolishness of the Week: 08:15 Main episode: 11:36 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://www.usatoday.com/story/news/nation/2023/12/23/biden-pardon-state-level-marijuana/72015078007/ Foolishness of the Week https://www.msn.com/en-us/health/nutrition/sorry-but-potatoes-may-soon-no-longer-be-considered-a-vegetable/ar-AA1lRk50 Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

We respond to an article that claims that “the good life” has become so expensive as to be beyond the reach of most Americans. We conclude that what is beyond the reach of at least some Americans is the ability to perform simple math. Foolishness of the Week: 05:33 Main episode: 09:16 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://www.msn.com/en-us/travel/other/tsa-self-screening-is-the-next-big-step-for-airport-security/ar-AA1lH2XJ  Foolishness of the Week https://www.cbc.ca/news/politics/electric-vehicle-ev-guilbeault-1.7061381 Topic of the Week https://www.cbsnews.com/news/american-dream-cost-3-4-million-house-college-cars-retirement/ https://fred.stlouisfed.org/series/MSPUS Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

More frequently, politicians are talking about a wealth tax. As with the income tax back in the early 1900s, politicians promise that the tax will only be one or two percent and will only apply to the rich. But, as with the income tax, if politicians can convince voters to allow the government to impose a tax on wealth, it will be less than a decade before that new tax hits the middle class. Foolishness of the Week: 15:15 Main episode: 19:45 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://robertreich.substack.com/p/ceo-pay-is-out-of-control https://www.bls.gov/oes/current/oes111011.htm https://www.reuters.com/business/ceo-pay-averaged-167-million-last-year-sp-500-companies-decline-2023-08-03/ Foolishness of the Week https://www.nbcnews.com/news/us-news/sports-illustrated-publisher-fires-ceo-latest-exec-terminations-ai-sca-rcna129236/ Topic of the Week Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

A new outbreak of a communicable disease in China has officials there calling for masks and social distancing. This week, we talk about what lessons we learned from the last go around and how people might respond in this country to a reprise of social distancing and masking.  Foolishness of the Week: 07:23 Main episode: 11:23 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://thehill.com/opinion/education/4288044-oregon-just-dropped-all-graduation-standards-failing-all-of-its-students-in-the-name-of-equity/ https://www.wsj.com/us-news/law/one-supreme-court-case-could-mess-up-chunks-of-the-tax-code-680a9ba6 Foolishness of the Week https://twitter.com/POTUS/status/1730211325383434419 https://nypost.com/2023/03/20/bidens-twitter-account-fact-checked-for-dubious-claim-about-the-taxes-billionaires-pay/ Topic of the Week https://www.mirror.co.uk/news/world-news/chinas-mystery-virus-sees-masks-31550470/ Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

We recently moderated the South Carolina Libertarian Party’s Presidential debate. We had a great time and the candidates were serious people. But the contrast between our excellent experience in South Carolina and Libertarian party hijinx we’ve seen in the past spurred this conversation. Is the Libertarian Party a political party or a philosophical society? The latter’s goal is to delve deeply into important questions about the economy and polity. The former’s goal is to win elections. Foolishness of the Week: 08:37 Main episode: 14:05 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://www.cnbc.com/2023/11/25/black-friday-shoppers-spent-a-record-9point8-billion-in-us-online-sales-up-7point5percent-from-last-year.html Foolishness of the Week https://twitter.com/senwarren/status/1728810999355175212?s=61&t=8nzVImSVQ7S_6JhDtCXr0Q Topic of the Week Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Three former professors discuss the fraud that universities are perpetrating on students and taxpayers.. Foolishness of the Week: 11:59 Main episode: 15:20 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Topic of the Week https://www.aier.org/people/phillip-w-magness/ Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Over ten years ago, we predicted that, as the Federal government approached insolvency, the Federal Reserve would start printing money to monetize the government spending, and that that would give us sustained inflation in the 5% plus range. We saw the 5% plus inflation and, as the Fed fought it, we then saw interest rates skyrocket. Trillion dollar plus deficits are the new normal, Social Security is within a decade of becoming insolvent, and that will mean even more borrowing. It appears that people are just now becoming aware of the problem. Unfortunately, it's almost too late to do anything about it. Foolishness of the Week: 07:46 Main episode: 14:20 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://www.youtube.com/antonydavies https://www.marketwatch.com/story/moodys-cuts-outlook-on-u-s-credit-rating-to-negative-from-stable-4ede1b9b Foolishness of the Week https://news.yahoo.com/migrant-family-journeys-back-venezuela-202500695.html Topic of the Week Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational   Learn more about your ad choices. Visit podcastchoices.com/adchoices