The 2008 Crisis Lives On:In this episode Jon and Lev dive into the weeds of Dodd-Frank. They rank the best parts of the law, and explore the ways lobbyists chipped away at it once public attention focused elsewhere.
Stimulus: A new New Deal?
The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it: If it fails, admit it frankly and try another. But above all, try something.
- Franklin D. Roosevelt, 1932
The 2008 Crisis Lives On:Jon and Lev discuss fiscal stimulus in the wake of the '08 crisis, compare FDR's New Deal to Obama's Recovery Act, and list as many 1930s NYC public works infrastructure projects as they can.
P.S. The audio sounds so much better! Thanks Timmy!
IG: acorrection
Systemic Fraud: Subprime Meltdown and the Bailout
"The past is never dead. It's not even the past" -William Faulkner
The 2008 Crisis Lives On:This week Jon and Lev explore the roots of the subprime crisis, discuss speculative bubbles (hello crypto!), and compare the Women's March to the March on Washington.
Don't call it a tax cut.
The 2008 Crisis Lives On:This episode we introduce a new co-host, discuss tax changes, and what it means to "starve the beast."
And if you want to learn more about our new co-host go here
YOU CAN CONTACT US AT ACORRECTIONTEAM@ACORRECTIONPODCAST.COM
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Shaky Ground: The Housing Market Part One
In this episode, Lev and Natalie lay the base for our current housing market: the history behind it and how nothing should have gone wrong, but then it does go wrong.
YOU CAN CONTACT US AT ACORRECTIONTEAM@ACORRECTIONPODCAST.COM
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How Bad Was It?
The 2008 financial crisis caused the worst economic downturn since the 1930s. Millions of people lost their homes and jobs here in the U.S., and financial losses were in the trillions of dollars globally. In the last episode we discussed the economic costs of the credit crisis, this episode we go further into the data and explore the political ramifications (plus the heroin epidemic, labor force participation and videogames, and astrology).
YOU CAN CONTACT US AT ACORRECTIONTEAM@ACORRECTIONPODCAST.COM
MINSKY AND GREENSPAN (AND RAND)! WELCOME TO SEASON 3
In the first episode of the third season, Lev and Natalie look at two economic giants and one giant who has a lot of influence on economic thought: Hyman Minsky, Alan Greenspan and Ayn Rand.
*Music in this episode: "Main Event" by Kesta, "Tropics" by beat.dowsing, "Equatorial Lies" by Hayvanlar Alemi
Episode edited by Natalie P.
YOU CAN CONTACT US AT ACORRECTIONTEAM@ACORRECTIONPODCAST.COM
COMING BACK SOON!
Dear A Correction Listeners:
We are working on season three and figuring some things out, but we will be back in March with new episodes for your listening and learning pleasure. Thank you for your continued support. Stay tuned!
Pure Public Goods and Monopolies
When there is a good or service that a company won't provide because there is no way to stop people from getting that service for free (in other words, no way to make a profit), then that good or service is a pure public good. Hello, lighthouses! Also, we can count the military and the police among our pure public goods, too.
When there is no good or service to sell, the market doesn't exist.
How about if the market exists but there is only one game in town? Lev and Natalie also discuss economist Joseph Stiglitz's theory of the new era of monopoly.
YOU CAN CONTACT US AT ACORRECTIONTEAM@ACORRECTIONPODCAST.COM
YouknowthatIknowthatyouknowmorethanIknow
You land in New York city during a mid-summer heat wave. You've never been to the Big Apple so you head to the hotel, drop your bags and hit Central Park. Before entering the park, you buy a cold $4 bottle of water. It's expensive, but that's NY. Or so you think. After a few days of shopping in corner delis you realize that the true price of water in NY is actually much cheaper. You've been had! Economists call this type of market failure 'Asymmetric Information,'when one side of a transaction knows more than the other and prices are distorted as a result. In this episode, we discuss the 'lemon' market of online dating, insurance, banking and much more. In these dark times (literally, it gets late early out there in the winter!) we bring some fun to your ear. Enjoy!
A Correction Podcast is edited by Natalie Peart
Outro music this week is "Young Ladies" by Owa Brandstein
We encourage you to respond (thoughtfully please) and write to us at acorrectionteam@acorrectionpodcast.com
