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    economic crises

    Explore "economic crises" with insightful episodes like "Global Wealth and Global Debt - Interview with Jason Furman (Harvard University)", "Planet Money Live: Two Truths and a Lie", "Why People are so Angry about the 2022 Economics Nobel Prize", "Stories of week 10/23: Midterm Outlook, Rishi Sunak, Ukraine letter, China's Congress, & More!" and "Stephanie Kelton On MMT and the Inflation We're Seeing Today" from podcasts like ""Economics Explained", "Planet Money", "Economics Explained", "Breaking Points with Krystal and Saagar" and "Odd Lots"" and more!

    Episodes (8)

    Global Wealth and Global Debt - Interview with Jason Furman (Harvard University)

    Global Wealth and Global Debt - Interview with Jason Furman (Harvard University)
    Global debt has now topped $300 trillion USD, or three times total global economic output. This is a number that is going to have very real consequences for billions of people around the world, but as scary as the number sounds there is still reason to be optimistic and there are still reasons why most economists handling this issue are not too worried just yet. To help us understand this issue in the course of our research we were lucky enough to speak to Dr. Jason Furman an economics professor at Harvard University and a former economic policy director for the Obama Administration. His understanding of an issue as large as global debt is truly valuable not only because of his impressive academic background but also because he is one of only a handful of people in the world that has ever had their hands on the proverbial controls of economic policy at this scale.

    Planet Money Live: Two Truths and a Lie

    Planet Money Live: Two Truths and a Lie
    The shocks of the pandemic economy gave us a bunch of enormous natural experiments, which helped to prove or disprove conventional economic thinking.

    Take, for example, the bullwhip effect, the idea that the further away from the customer you are in the supply chain, the more volatile your orders are likely to be. This theory played out at an enormous scale, in the pandemic. Consumers and companies overreacted to the risk of shortages by ordering more products and hoarding them, causing massive shifts in the supply chain – just like the theory says.

    And the pandemic gave us a lot of natural experiments like this. So, on this special live edition of Planet Money, we looked for other big economic lessons from the past three years, and we took this information and turned it into... a gameshow! It's Two Truths and a Lie: Econ Edition. We get into questions about the workforce and labor market during the pandemic, and how it affected how economists view the world.

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    Stories of week 10/23: Midterm Outlook, Rishi Sunak, Ukraine letter, China's Congress, & More!

    Stories of week 10/23: Midterm Outlook, Rishi Sunak, Ukraine letter, China's Congress, & More!

    Krystal and Saagar cover China's congress, midterm outlook, Rishi Sunak, progressives' Ukraine debacle, Fetterman vs Oz, Elon buying Twitter, & more!


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    Stephanie Kelton On MMT and the Inflation We're Seeing Today

    Stephanie Kelton On MMT and the Inflation We're Seeing Today

    For years, economists of the MMT school have been arguing that the way we think about deficits and government spending is all wrong. Whereas many people warn about the unsustainability of the national debt -- likening it to a household credit card bill -- the MMT view is that real resources are the constraint on government spending, and that inflation is the sign that real resources are being stretched. So what about now? We had substantial fiscal support during the pandemic, and now we have the highest inflation in over four decades. On this episode we speak with Stephanie Kelton, a leading proponent of MMT, a professor at Stony Brook, and the cohost of the Best New Ideas In Money podcast. We discuss the causes of the current inflation, and how to think about it through the MMT lens. This episode was recorded in Beverly Hills at the Milken Institute Global Conference.

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    Richard Koo Explains Why The Recovery Will Be So Difficult

    Richard Koo Explains Why The Recovery Will Be So Difficult

    Countries around the world are undergoing an unprecedented, simultaneous real economic shock. So how should policymakers respond? Richard Koo is the Chief Economist at the Nomura Research institute, and is well known for having popularized the concept of the “Balance Sheet Recession” drawing on his work from Japan’s post-bubble era. In today’s episode, he talks about how his work applies to this crisis, what can be done to revive growth, and why the aftermath will be so difficult.

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    Dan Rasmussen – Investing Through a Crisis - [Invest Like the Best, EP.163]

    Dan Rasmussen – Investing Through a Crisis - [Invest Like the Best, EP.163]
    My guest this morning is Dan Rasmussen of Verdad Capital. Like me, Dan and his firm focus on quantitative research. Just a month before the COVID crisis hit markets, they completely and published a study on investing during periods of market crisis, which is the topic of this conversation. We discuss what works and what doesn’t during and after acute periods of panic in markets. I think you’ll find it extremely informative. Because Dan’s firm and my own share many beliefs about investing and conduct similar flavors of research, I try to offer devil’s advocate questions throughout. Please enjoy. This episode is brought to by Koyfin. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag  Show Notes 1:54 – (First question) – What he sees in the markets today given the atmosphere right now 4:26 – An overview of their study: Crisis Investing: How to Maximize Return During Market Panics 8:38 – How things get more predictable during crisis 11:15 – The length of these crises and assets they focused on 12:40 – What happens to bonds and credit during these times 15:50 – Geography of crises 18:14 – How does this impact the philosophy of just index investing 20:40 – Positioning of value in this market 27:50 – Lessons from other crises 32:21 – Importance of a blended factor approach 35:44 – Role of momentum 38:10 – What else he is paying attention to during this crisis Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on Twitter at @patrick_oshag

    44: What a 12-Year Knows About Money That an Economist Doesn't

    44: What a 12-Year Knows About Money That an Economist Doesn't

    "What is money?" This seemingly simple question has the ability to drive people crazy. Is it a unit of account? Is it something about exchange? Does it have to be blessed by the government or backed by something hard? On this week's podcast, we speak with fund manager Eric Lonergan, the author of "Money (The Art of Living)," to answer this question as well as the other vexing ones that spring from it. Ultimately we get an answer that's as simple as the question itself, one that would make more sense to a typical 12-year-old than an economist.

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