James has an ax to grind. Google made him mad. FedEx made him mad. Many things make James mad. But this week, he tells us why. Foolishness of the Week: 16:22 Main episode: 20:01 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 & Nu…

James recently wrote an article on the price of admission and food at baseball fields over the years. To look at the prices, it appears that baseball has shifted from entertainment for the working classes to entertainment for the middle and rich classes. Or perhaps we’ve simply all become richer and baseball has simply followed along. Foolishness o…

We all know that the FDA saves lives by keeping bad drugs off markets. But far fewer of us understand that the FDA costs lives by keeping good drugs from markets. Often all it takes to see this other side of the FDA is to be confronted with a life threatening disease for which there are treatments - just not FDA-approved treatments. Foolishness of …

Each election cycle, we’re treated to politicians and their supporters crying about the disappearing middle class. So many people repeat the mantra that most of us just accept it as fact. It turns out that those people are right - the middle class is disappearing. Where they get the story wrong is that it isn’t bad news. It’s excellent news. Foolis…

Spike Cohen, 2020 Libertarian Party Vice-Presidential nominee, joins us this week for a two part series in which we discuss the upcoming election, the Libertarian Party, the future of politics in America, and his work in single-issue activism - You Are the Power. Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com S…

Spike Cohen, 2020 Libertarian Party Vice-Presidential nominee, joins us this week for a two part series in which we discuss the upcoming election, the Libertarian Party, the future of politics in America, and his work in single-issue activism - You Are the Power. Foolishness of the Week: 11:05 Main episode: 13:14 Get Your Copy of Cooperation and Co…

The United States has been a two party system almost since its inception. In modern times, this has led to the Democrats and Republicans having a virtual monopoly on the political landscape. Despite the fact that a plurality of Americans don’t identify with either party, they won’t allow a third party to compete. And what’s the only thing worse tha…

Last week, we recorded live from Hampden-Sydney College. This week’s episode is the Q&A from that recording. Foolishness of the Week: 09:21 Main episode: 10:05 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 h…

Last week, we talked about the incongruity of not only having a majority of voters not like either major party candidate, but to have those two candidates appear twice in back-to-back elections. This week, we explore what happens when a President is incapable of fulfilling the duties of the office. Foolishness of the Week: 11:01 Get Your Copy of Co…

Last week, we talked about the incongruity of not only having a majority of voters not like either major party candidate, but to have those two candidates appear twice in back-to-back elections. This week, we explore what happens when a President is incapable of fulfilling the duties of the office. Foolishness of the Week: 09:59 Main episode: 12:50…

The Trump vs Biden election of 2020 was noteworthy because, for so many voters, it wasn’t a matter of selecting the person they thought was best suited for the job so much as a matter of selecting the person they thought was least ill-suited. As if it isn’t weird enough that, out of 200 million or so adults, the best we could do was to bring Trump …

People used to scared about the federal debt. But it's been so huge for so long that people have lost interest. Yet, despite people's lack of attention - or perhaps, in part, because of it - the debt has continued to grow. For the past 50 years or so, it has been doubling every 8 to 9 years. Foolishness of the Week: 09:10 Main episode: 13:36 Get Yo…

Many people share an intuition that “excess” profits are a sign of something having been stolen from labor. Karl Marx shared this intuition and formalized it in his writings on the surplus value of labor. Foolishness of the Week: 05:48 Main episode: 11:55 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More …

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 coinc…

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 An…

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 …

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 adminis…

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.cooper…

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 decad…

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 Cooper…

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…

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…

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 dolla…

An elderly couple, an antiques dealer, and an African mask spark a conversation about fraud, fairness, and value. Foolishness of the Week: 11:00 Main episode: 13:14 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 Patr…

Composer and musician Josh Nichols was annoyed when, on an earlier episode, James referred to “high culture,” and Ant said, “you mean the snooty stuff?” Being a classical composer and, importantly, making money at it, Josh joins us to set the record straight as to why we should all be more appreciative of “the snooty stuff.” Get Your Copy of Cooper…