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Faith and Economics

Faith and Economics

By Gwartney Institute

In Faith and Economics, economics professors Dr. Russ McCullough and Dr. Peter Jacobsen and philosophy professor Dr. Justin Clarke discuss big issues that impact economic freedom and human flourishing from a Christian perspective. This podcast is an initiative of the Gwartney Institute at Ottawa University.
For more information, contact us at gwartney.institute@gmail.com
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Bitcoin Book Club Part 1 - What is Money? | #213

Faith and EconomicsNov 28, 2022

00:00
46:56
Christians & Creationism - 6000 Years - Really? | Episode #229

Christians & Creationism - 6000 Years - Really? | Episode #229

In this episode, the Gwartney Team dives into the topic of creationism. Science and religion both have varying ideas as to what caused the creation of the universe. The founding belief of The Resurrection in Christianity can be seen as a miracle, unable to be disapproved by science. What does it mean if these miracles can be disputed? Join us to hear a take on Christians & Creationism! What is Creationism? // 2:00 Does Science Disprove Creationism? // 7:45 Can Miracles be Disputed? // 14:30 Exegetical Grounds // 18:40 Genesis Written Historically // 28:00 The Big Bang // 34:45
Mar 20, 202340:36
Government Weapons of Oppression - Dr. Rachel Ferguson | Episode #228

Government Weapons of Oppression - Dr. Rachel Ferguson | Episode #228

In this episode, The Gwartney Team has a special guest, Dr. Rachel Ferguson. Esteemed author of Black Liberation Through the Marketplace, Rachel has joined us to answer questions from students who have recently attended our Breakfast Book Club. Listen now for a rich conversation on the stories of Black America.  Show Notes-Student Questions 3:11 // Native & African American Land Rights? 7:00 // Rachel’s Comments on Defunding the Police 12:52 // Why go into such detail explaining atrocities? 20:29 // What is Civil Society? 27:25 // Reparations for Black America 35:04 // Martin Luther King & Malcom X 38:40 // Segregation, Integration
Mar 13, 202344:32
Democracy, Populism, Mob Rule - What's the Difference? | Episode #227

Democracy, Populism, Mob Rule - What's the Difference? | Episode #227

In this episode, the Gwartney team discusses the populism issues arising from democracy. Too often does the 'mob rule' dominate over large portions of citizens. Is there a chance that this may be counterproductive to the benefits of democracy? Perhaps the concept of Fiscal Federalism could solve these issues. Join us in the link below to find out! Show Notes:  4:15 // Contradiction between Democracy and Populism 11:20 // Is Elite Rule Good or Bad? 19:00 // Guard against Mob Rule 29:30 // The Fed is Too Large? 35:00 // The Power of Markets
Mar 06, 202342:04
Ban Smart Phones for Kids Under 18? | Episode #226

Ban Smart Phones for Kids Under 18? | Episode #226

In this episode, the Gwartney team discusses a looming mental health crisis in the United States. The leading demographic is young women. With an increase in suicidal thoughts, many Americans tend to blame the newly evolved social media. The constant critiquing that comes with these media sites may be influencing our young women badly. Could this be a breakdown of civil society? Would a smartphone ban for kids work? Listen in to find out! Social Media or Something Else Entirely? / 3:30 Lockdown Effects / 7:45 Civil Society Breakdown / 10:25 Constant Critiquing / 19:00 Smartphones & Boredom / 27:15 Do the Costs Outweigh the Benefits? / 36:00 Who Gets Punished? / 45:20 Externalities / 53:45
Feb 26, 202355:09
International Conflicts and Aid -What should the US do? | Episode #225

International Conflicts and Aid -What should the US do? | Episode #225

In this episode, the Gwartney team discusses the United States' role in foreign aid. When the U.S. gets involved in international conflicts, the interests of domestic citizens may not be apparent. What are some of the reasons for the U.S.' increased involvement in foreign affairs? Do these actions move our government in the direction of totalitarianism? Join us for a controversial discussion on the role of U.S. on a global scale! What are the United States top interests? / 4:30 Encourage freedom, or create freedom? / 8:00 Local help or federal aid - Which is better? / 14:05 Disentangling military from charity / 22:00 Cycle of history or parallels through time? / 27:30 Political interest outweighs societal? 35:35 Moving the needle / 42:10
Feb 19, 202342:14
More AI, More Safety Nets for Job Loss? | #224

More AI, More Safety Nets for Job Loss? | #224

In this episode, the Gwartney Team discusses AI's role within the marketplace. Artificial Intelligence has proven to be useful in various industries, improving productivity exponentially. While this is a huge benefit, the team discusses where AI may not be applicable in the future. Will a machine perform a service job better than a human? What is the appropriate level of work in a society rich in artificial intelligence? How will people earn and retain money? Join us for this continuation of the discussion on the prospects of Artificial Intelligence. Timeline:  Docking Industry / 4:00 How much A.I. in the Market? / 10:30 Is Work Desired? / 19:00 Industry that can be programmed / 23:00 The Mormon Church / 30:00 Do we need to restructure? / 38:00
Feb 12, 202339:56
Artificial Intelligence Wrote My Paper -Deal With It | #223

Artificial Intelligence Wrote My Paper -Deal With It | #223

In this episode, the Gwartney team discusses AI's recent developments and the conveniences it may provide. Yet, as artificial intelligence is making strides in advancement, what does this mean for the future of education? While the team thinks AI is not at a level of eliminating essays from the curriculum, we do believe there will be potential for a transition back to hands-on learning. Some say artificial intelligence will eventually become sentient, and if that's the case will artificial intelligence create innovation within society and create abundance throughout the world?  Timeline: Academia vs. AI: FIGHT! / 2:30 Better Education Trumps AI? / 10:00 Life of Abundance / 18:00 Will AI make conscious decisions? / 27:30 Does AI Effect Innovation? / 33:30 Utopian Dreams / 42:00 Mind or Matter? - Philosophy of Mind Pt. 1 | #181 Materialism Battles Dualism - Philosophy of Mind Pt. 2| #182 Mind and Body Functionalism - Philosophy of Mind Pt. 3 | Episode #183 Property Dualism - Philosophy of Mind Pt. 4 | #184
Feb 06, 202349:05
Credit Score Facts and Fiction -Chad McCullough | #222

Credit Score Facts and Fiction -Chad McCullough | #222

We are proud to welcome Chad McCullough, an expert on credit score repair to educate on the facts and fiction in the world of credit. How is a credit score composed? Are there incentives for the credit industry to withhold information from consumers? We hope you are able to gather some valuable information about a potential oligopoly.   Timeline: Credit is a Puzzle / 1:30 Are People Complacent? / 6:45 Character Probability / 10:00 Personal Ownership / 14:15 Information's Value in the Credit Industry / 20:25 FICO vs FAKE-O / 24:00 Credit Union's Incentives / 31:00
Jan 30, 202336:36
Academic Journals—Good Ole Boys Club? | #221

Academic Journals—Good Ole Boys Club? | #221

In this episode, the Gwartney Institute discusses issues within Academia. To earn merit within Academia, one is almost required to have some of their work published in a journal, the more prestigious, the better. Yet, there has been an increase in the discussion that the peer-review system is flawed and may be doing more harm than good. The system incentives scholars to create within a narrow scope and to deny one's own story in an effort to present only information. Has academia lost its identity?  Timeline Peer Review's Role in Academia / 2:00 Journal Prestige / 7:25 Problems with Peer Review / 12:15 On a Need-to-Know Basis / 17:00 Insular Self-Publishing / 21:00 Narrow Scope and Barriers for Viewing / 25:30 How Do We Maintain the Spread of Knowledge? / 31:40 Unmask Identity / 38:00
Jan 23, 202343:08
Tipping is out of control? | #220

Tipping is out of control? | #220

In this episode, the Gwartney team discusses different point of views on the social construct of tipping. What are some of the issues that arise when tipping is prevalent at every food or drink establishment? Is there a moral requirement for tipping? Join us for a lighthearted and fun conversation over tipping and its normalcy.  Timeline: Why do we tip? / 2:30 Value of Information / 10:00 Bias Tipping / 14:15 Moral Arguments / 18:45 COVID, Coffee, and Tipping / 24:30 Free Riding / 30:00 Subsidy to Employees / 36:30
Jan 16, 202345:33
Mass Extinction is a Bad Prediction | #219

Mass Extinction is a Bad Prediction | #219

In the late 1960s, Paul Ehrlich predicted that the world was facing the mass extinction of land and sea animals. He predicted that the coastline would have to be evacuated ten years after his first book was written due to the smell of dead fish. After the Green Bay Packers defeated the Minnesota Vikings last week, Paul Ehrlich was seen on CBS’ 60 Minutes, restating arguments he made almost 50 years ago. The Gwartney team discusses issues with Elhrich’s logic and presents arguments against mass extinction. We suggest that humans are inherently different from other animals for we have the ability to innovate with the resources around us. We must strive toward policies that encourage innovation and away from over-restrictive policies that limit the use of resources. Timeline: Humans Are Equal to Animals? / 4:30 Humans Create Ideal Circumstances / 7:00 Endogeneity Problem / 11:00 No Claim to Mass Extinction / 14:00 Stewardship & Private Property / 19:45 Basic Needs Must Be Met to Adust Priorities / 26:00 People Are The SOLUTION / 35:00 Paul Ehrlich - The Population Bomb Julien Simon - The Ultimate Resource
Jan 09, 202338:23
Christmas Gifts Ruin Christmas? | #218

Christmas Gifts Ruin Christmas? | #218

As we look back at the holiday season, we feel it is interesting to examine the idea of gifting. During Christmas, consumerism is rampantly increasing, and as we dig further into the concept of gifting, the Gwartney team seems to look more at the potential negatives of gift-giving. Has the idea of gift-giving exceeded what was thought of as its potential? Does gift-giving highlight the core values we want to imbed in our future? We discover the actual value of a gift comes from the effort and thought that the giver put into it.  Timeline: Non-wealth Maximizing / 3:00 Value Derives From Effort / 7:15 Kids Are Very Material / 14:20 Christians & Consumerism / 17:55 Outsourcing Goods / 25:45 Our Favorite Gifts / 30:00 
Jan 02, 202334:35
Thinking about the Infinite | #217

Thinking about the Infinite | #217

"Are some numbers more significant than others? Are some infinities more extensive than others?  In this episode, Dr. Justin Clarke attempts to explain modern mathematical and philosophical conceptions of the infinite, and what they entail. Peter and Russ resist enlightenment, to their detriment. We hope you enjoy this eye-opening podcast on how to measure and examine the infinite.  Timeline: 2 Senses of Infinite / 2:30 Theory of Infinity / 9:30 Countability / 15:45 The Semi-Circle / 25:00 Incalculable / 34:02 From God's Book / 39:00 Stephen C. Meyer - The Return of the God Hypothesis: Compelling Scientific Evidence for the Existence of God
Dec 26, 202245:10
Canada’s Healthcare Suicide Solution | #216

Canada’s Healthcare Suicide Solution | #216

In this episode, the Gwartney team discusses Canada's broadening of its euthanasia bill. The original bill allowed for those struggling with life-altering disabilities and those near death could end their suffering early with the government's help. The bill's new broadening allows any Canadian citizen to apply for euthanization. The team discusses the issues with this new bill and makes an argument for the immorality of the bill. We hope you enjoy this educational discussion on what's happening in Canada.  Timeline: 10,000 in 2021 / 2:00 Relevant Examples / 9:30 Lost Testimonials / 14:00 Out of the Ashes ~ Come to Jesus / 20:00  The Moral Arguments / 26:30 Eternity at Stake / 38:10
Dec 19, 202243:10
Inflation is Caused by Government -Why? | #215

Inflation is Caused by Government -Why? | #215

In this episode, the Gwartney team gives a rundown of what the Federal Reserve is and how it operates. They describe our current system, fractional reserve banking, and describe pitfalls that have arisen due to it. We discuss how inflation acts as a required tax pressed upon and created by the government. We hope you enjoy and learn something from this podcast! Federal Reserve 101 / 2:00 Why Banks Want Bonds / 7:15 Mortgage-Backed Securities / 10:30 Old System is Dead / 22:05 Why Open Market Purchases Matter / 30:45 Four Tools / 38:30
Dec 12, 202245:52
Bitcoin Book Club Part 2 - What is Bitcoin? |#214

Bitcoin Book Club Part 2 - What is Bitcoin? |#214

In our second, and final, Bitcoin book club, we discuss the more technical details of what cryptocurrency is and how Bitcoin operates. Join us to see how Bitcoin fits into your biblical worldview, the beauty of financial freedom with Bitcoin, and the importance of sound currency.  We would love to thank Chuck Bryant and the Pinnacle Forum for partnering with us on this event! We hope you enjoy it!
Dec 05, 202237:58
Bitcoin Book Club Part 1 - What is Money? | #213

Bitcoin Book Club Part 1 - What is Money? | #213

In this episode, the Gwartney team is walking through the beginning of the Bitcoin Standard by Saifedean Ammous. Before diving into the mechanics of cryptocurrency, it is essential to understand what money is and the importance of sound money. We hope you enjoy this informative talk about the significance of monetary policies! 
Nov 28, 202246:56
LA City Council, $218,000 -Public Good Served? | #212

LA City Council, $218,000 -Public Good Served? | #212

In recent news, LA city counselors were caught on tape saying derogatory things about those living within their community. Upon this news, the Gwartney team looks to discuss the incentives for such behavior within Los Angeles. The Gwartney team discusses why LA city counselors are paid hefty amounts and why they cannot be kicked out of office. What is at play here: higher cost of living, increased workload, a stressful job, or could it be to deter corruption? Join us for a great episode as we sort out the incentives at play within Los Angeles.  Timeline: Incentives / 3:00 Government vs. Free Market / 8:15 Importance of Accurate Capital / 11:00 Rational Ignornance / 18:30 Devil's Advocate / 22:45 Shocking? Not to Dr. Clarke / 25;30 Bad Actors / 31:20
Nov 21, 202232:23
Inflation Incentives Matter - Dr. Jim Gwartney | #211

Inflation Incentives Matter - Dr. Jim Gwartney | #211

In this episode, the Gwartney team welcomes our namesake to the show, Dr. Jim Gwartney. Dr. Gwartney uses his economic expertise to examine the current financial situation of the United States. What has caused this situation? Do the incentives of the people match up with those in power positions? Join us for a great show with the Institutes inspiration  Current & Future Economy / 4:30 Money Supply Increased  / 9:15 Side Effect, Increased Debt / 14:30 Who's Being Served / 18:15 Who'd Reappoint Jerome? / 24:30 Difficulty Holding FED Accountable / 28:00 Stagflation? - Lag Effect /34:45
Nov 14, 202241:29
Landlords May Not Be Evil |#210

Landlords May Not Be Evil |#210

Do landlords receive a terrible reputation? Most would answer yes, but why is that? In this episode, the Gwartney team discusses some of the positives of renting, especially when mitigating risk for tenants. Join us in changing the way we perceive the life of the landlord! Timeline: The Rhetoric of Landlords / 4:40 Risk Taker / 7:00 The Tragedy of the Commons / 11:00 Jeremiah 29:4 / 14:30 Rent Controls / 20:00 Wealth Tax / 28:00 College's as Landlords / 31:10 Ownership / 34:00
Nov 07, 202236:06
Power and Wealth -Good or Evil? | #209

Power and Wealth -Good or Evil? | #209

In this episode, the Gwartney team talks about power and wealth. As a society should we strive to improve geopolitical power? Does power come from wealth? Can we find value in destruction? How does war fit within our pictures of power and wealth? Join us as we answer questions like these and more! Have a happy Halloween!  Timeline: Geopolitical Power / 1:30 Differences of Wealth & Power / 7:00 Value in Destruction / 10:30 Puppet States / 18:00 War as an Investment / 22:00 Propaganda Will Be Loud / 27:50 Economic Sanctions / 35:00  
Oct 31, 202239:47
Eyebrow Threading License, No Joke! –Dave Trabert | #208

Eyebrow Threading License, No Joke! –Dave Trabert | #208

We are happy to welcome back Dave Trabert of the Kansas Policy Institute! In this episode, we discuss eyebrow-threading licenses and how they could cause inefficiencies in the economy. We dive into other industries, such as barbers, electricians, and roofers, that have licensures or permits and how it could affect their industry. How do policies alter the incentives for people to enter specific industries?  Timeline: Eyebrow Threading Requirements / 2:30 Exemptions / 7:00 Lobbying Efforts to Reduce Competition / 10:00 Common Property & Crappie / 18:30 Build Reputation, Not School Hours / 21:35 The Sandbar / 25:00
Oct 24, 202232:46
Wrestling, NFL, and Religion -Fake? | #207

Wrestling, NFL, and Religion -Fake? | #207

Have you ever thought that modern-day sports are adding more theatrics into their games? Dr. Peter Jacobsen leads the team through comparisons of the WWE to the NFL, arguing that the NFL is more similar to the WWE than it seems. We discuss how these theatrics are not at play just in football, but in soccer, basketball, and baseball. Join us for a fun-hearted show!  World Wrestling Entertainment / 3:45 NFL Theatrics / 8:40 Fair v. Equity / 11:35 The Line / 18:40 Agglomeration / 25:45 Storytelling Creatures / 30:00 Joel Listening? /35:00
Oct 17, 202236:55
K-12 School Charters, Vouchers, and Competition -Dave Trabert | #206

K-12 School Charters, Vouchers, and Competition -Dave Trabert | #206

In this episode, the Gwartney team welcomes Dave Trabert to the show! Trabert is an expert on the current education system and is asking for your help to change it! In this show, we will be discussing the monopoly of our current education system and what other options are becoming available to deter this monopoly. From charter schools to vouchers, Trabert walks through these ideas of change and relieves any concerns along the way. Trabert also touches on the system's desire to create racial equality while perpetuating racism. Join us for an important episode now! Timeline: Money follows the children / 3:15 Breaking the monopoly / 6:35 Money for at-risk youth / 10:00 Barriers to education improvement / 16:20 School reaction to COVID, solvent to school choice? / 21:30 Limit of what's taught? / 26:10 Perpetuates racism / 30:25 The system aids the unhealthy / 35:05 Get informed, make your choice! / 37:45 Giving Kids A Fighting Chance: https://fightingchanceks.org/
Oct 10, 202240:46
Objectifying People’s Subjective Value - Part 2 | #205

Objectifying People’s Subjective Value - Part 2 | #205

In a continuation of last week's show, Justin continues to guide the team through his thesis of individual value. Justin disproves subjective value and Peter has strong opinions on rationality. We hope you enjoy the ending of this conversation! 
Oct 03, 202228:58
When is Coveting Legal Plunder? | #20

When is Coveting Legal Plunder? | #20

We discuss the concept of legal plunder, first proposed by French philosopher and economist Frederic Bastiat in his tract "The Law." Is there a way to tie this concept to coveting?
Sep 29, 202239:00
Objectifying People’s Subjective Value Pt.1 |#204

Objectifying People’s Subjective Value Pt.1 |#204

In this episode, Justin introduces the theory of subjective value and issues that arise within its premises. Peter disagrees with Justin on where value comes from and how it's measured. Do we consider irrational beings as agents/people? With conversation flowing, we decided to make this topic into a two-parter. We hope you enjoy the beginning and stay tuned for next week's continuation!   Episode 183 Mind & Body Functionalism: https://anchor.fm/faithandeconomics/episodes/Mind-and-Body-Functionalism---Philosophy-of-Mind-Pt--3--Episode-183-e1hueld
Sep 26, 202237:37
Order of Operations - History Matters | #203

Order of Operations - History Matters | #203

In this episode, Justin leads the Gwartney team through our conversation regarding the order of operations, no not math. Each state should be responsible for its citizens and engage in policies that benefit them.  What is the correct order of implementing/disengaging specific policies and provisions? Join us for a delightful show! Timeline: Libertarian List / 1:35 Environmental Argument? / 6:00 Immigration Issues / 10:30 Starving the Beast / 19:15 Opportunities For Successful Reform / 26:40
Sep 19, 202233:24
Insights From the Prodigal Son- Trade and Grace | #202

Insights From the Prodigal Son- Trade and Grace | #202

In this week's episode, Dr. Peter Jacobsen leads the Gwartney team through the Biblical story, of the prodigal son. In this story, what is the sin that Jesus is trying to identify? What is, if any, our reward for being 'good' on Earth? Timeline: Reparations / 3:45 Cain and Abel / 7:15 Transactional Behavior / 12:30 Usurp of Authority / 16:45 Prodigal Son / 22:40 Life is a Gift / 24:00 Whatever I get, I'm Happy / 29:45 Attitude Leads to Fruit / 34:00
Sep 12, 202240:31
Rational Ignorance and Public Choice | #201

Rational Ignorance and Public Choice | #201

In this week's episode, the Gwartney team discusses rational ignorance and how society engages in it. Further, we investigate public choice and the dangers of growing bureaucracies. We hope you enjoy this episode and see how it fits into your life! Timeline: Public Finance / 2:30 Black Box (James Buchanan) / 5:00 Sugar Policies / 11:00 Poverty Reduction: Government vs. Church / 18:35 Profit of Politics / 22:15 Purchaser of Seats, Closed Market / 30:00 Structure of Government Creates a Hockey Stick? / 33:05
Sep 05, 202237:37
200th Episode -Questions from the Crowd

200th Episode -Questions from the Crowd

We are in the mood for a celebration because it's our 200th episode! In this special, live podcast, we take in a few questions from those attending. We hope you enjoy this laid-back conversation covering topics from higher education to cryptocurrency.  Timeline: Previous favorites 1:45 Students Value on Higher Education /8:30 Sheepskin Effect / 13:00 Separation of Church and State / 21:00 2nd Law of Demand / 27:30 Who's skinny dipping? / 33:35 Justin's: Changing Beliefs | #77 Peter's: Mind or Matter? - Philosophy of Mind Pt. 1 | #181 Russ':Russ Roberts | #78 or Vernon Smith on Adam Smith | #32
Aug 29, 202239:18
Revelation and the Global Economy -Pastor Dakota Smith | #199

Revelation and the Global Economy -Pastor Dakota Smith | #199

In this week's episode, the Gwartney team welcomes Pastor Dakota Smith from Ottawa Bible Church. Pastor Smith's discussion of choice revolves around predictions from Revelation of a mono-culture speared by a global government. We open up the possibility of such a reality by describing some potential downfalls of our society. For instance, we discuss the rise of the self and subjective truth. Whereas the truth is determined by whatever the self sees it as. Join us in an enlightening and foreboding podcast!  Timeline: One World Order / 4:00 7th World Empire / 9:45 Globalized Culture / 12:10 Babylon Society / 15:00 Concept of Truth / 16:15 Revelation 18 / 21:00 Revelation 13 / 28:15 People Want a Leader / 34:30
Aug 22, 202243:07
Inflation Reduction Act - Joke? | #198

Inflation Reduction Act - Joke? | #198

The Biden Administration has just approved the Inflation Reduction Act. This act supposedly aims to reduce the budget deficit while aiding our inflation issue. Unfortunately, most of the act is a spending bill, especially for energy, climate change, and the employment of an additional 87,000 IRA agents. We hope you enjoy this discussion on the problems with this new Act.  Timeline: Monetary Policy Issues / 4:15 Increased Oversight! / 7:15 Climate & Energy / 13:30 Rules or Principles / 22:45 Tax De(In)crease? / 27:25 Environmental Judgement / 31:20 Cronyism and Rent-Seeking / 37:00
Aug 15, 202237:55
Climate Crisis - Faith and Innovation Overcomes? | #197

Climate Crisis - Faith and Innovation Overcomes? | #197

For years, elitists have ensured its people that climate change is inevitable and worthy of federal spending. The Gwartney team discusses the current climate 'crisis' and the importance of crisis' to those in power. What does faith say about climate change? We expect innovation to solve our crisis and for you to love this show! Listen now! TImeline: Executive Orders? / 3:00 The Ratchet Effect / 5:45 Unexamined Variables / 13:10 Does Faith Direct Us? / 17:00 You Get An A/C, You Get An A/C! / 24:15 Innovation Is Vital / 30:40 Strawman Justin / 35:45
Aug 08, 202238:33
Family, Faith and Oeconomia -Pastor Timothy Roth | #196

Family, Faith and Oeconomia -Pastor Timothy Roth | #196

In this episode, the Gwartney team welcomes Pastor Timothy Roth to the show! Pastor Roth wants to discuss the current culture of individualism and what the Bible says about family that contradicts the current culture norms. How does one explain they care about the economy without sounding like they only care about money? A podcast truly interloping the topics of Faith & Economics. Enjoy the show! TImeline: Value Life, Family, and Future / 2:00 Economic Trinity / 6:15 Economy Supporting the Family? / 12:15 The Best for Family / 24:00 Only Works With Moral Culture / 28:20 4th Commandment / 36:50
Aug 01, 202245:08
Government Produces Mediocrity | #195

Government Produces Mediocrity | #195

In recent news, Governor Gavin Newsom of California plans to produce insulin for those who have diabetes. Is the market incapable of producing an efficient quantity of insulin? California plans on intruding itself within private markets backed by a plethora of federal regulations and guidelines. Is the market competitive? Join us for a riveting conversation! Timeline: Regulation Issues / 4:25 WIC, Controls the Brand / 8:00 No Market For Insulin / 12:15 Government Doe Not Know You / 20:30 Soviet Union / 24:10 Making Things Worse / 29:45 Stifled Competition / 33:45
Jul 25, 202237:17
Big Faith for Big Data? - Luke Groth | #194

Big Faith for Big Data? - Luke Groth | #194

In this week's show, the Gwartney team welcomes guest Luke Groth. Our conversation stems around Luke's line of work, the data industry. The ever-growing strength of the data industry is on full display. Join us as we discuss the positives and negatives of big data.  Timeline:  Deep Data Dive / 1:45 Made to Predict / 6:15 Anonymous or Not? / 11:00 Data Driven Economy / 14:30 Is There an Opt Out Option? / 21:15 Protect Valued Data / 25:00
Jul 18, 202230:31
Dissecting Church & State | #193

Dissecting Church & State | #193

This week, the Gwartney Institute examines the relationship between church and state. Are laws preventing the state from establishing a federal or local religion? Is our nation Christian or something else entirely? Join an insightful conversation about religion's effect on society.    Timeline: Philosophical Principle / 3:05 The Blurry Line / 7:45 Moral Legislation / 12:15 A Christain Nation? / 20:15 Organizing Society / 26:20 Secular Religion / 31:25 Recycle Now! / 37:20
Jul 11, 202240:32
Supreme Court Shakes Status Quo | #192

Supreme Court Shakes Status Quo | #192

The Supreme Court of the United States has been active in releasing its rulings, and our team wants to look into these cases. With a deep look into the overarching philosophy of these decisions, the Gwartney team jumps into abortion, freedom of religion, and 2nd amendment cases. Join us in a riveting conversation about the current political landscape.  Timeline:  Modern Conservative Philosophy / 6:00 Dissolves Federalism? / 10:45 Religious Liberty / 18:00 Decrease in Waste / 22:00 Public Reaction to Dobb / 26:35 On the Margin / 31:40 Corey DeAngelist for research on school choice
Jul 04, 202238:03
Free Speech Market of Ideas | #191

Free Speech Market of Ideas | #191

In this week's episode, the Gwartney team follows the writings of R.H. Coase, specifically the relationship between the market for goods and the market for ideas. Why do regulators desire to regulate the market for goods, but insist on maintaining a free market for ideas? Has society transitioned into a less openly free speech one? Join the conversation now! Timeline: Market for Ideas / 2:30 Importance of Truth / 7:00 Intellectual Class / 10:15 Wield the Whip? / 20:45 Belongs to the People / 24:20 Potential for Abuse / 29:45 The Market for Goods and the Market for Ideas by R. H. Coase https://web.ntpu.edu.tw/~guan/courses/Coase74.pdf
Jun 27, 202236:33
Dark Net Bad? - Dr. Julia Norgaard | #190

Dark Net Bad? - Dr. Julia Norgaard | #190

In this episode, we welcome back Dr. Julia Norgaard. In her second appearance, the team wants to dive into Dr. Norgaard's research on the dark web. What advantages and disadvantages arise from having transactions within the deep web? Join the conversation over a genuine part of upcoming technology.  Timeline: Silk Road / 3:00 The Onion Router / 5:45 Services.. / 11:00 Emergent Order / 16:15 Buyers Beware? / 24:05 Enforcement / 27:30 Unstoppable Dark Web / 34:00
Jun 20, 202236:07
Living With Sunk Cost - Fallacy? | #189

Living With Sunk Cost - Fallacy? | #189

The sunk cost fallacy is when one has already invested into a project, begins to examine the overall cost estimate involved and with the project, and thus commits to the project even harder because they are personally invested in the project. Yet, some economists say NO, you must only examine the future costs and rewards! What do you think? Join the conversation now!! 
Jun 13, 202238:00
Zimbabwe - Medicine for Sick Economy | #188

Zimbabwe - Medicine for Sick Economy | #188

Recently, our founder Russ McCullough traveled to Zimbabwe to experience its culture, people, and beautiful scenery firsthand. In this podcast, the Gwartney team discusses the current economic situation within Zimbabwe and possible ways it can improve its economy. Join us in an enlightening discussion about a country across the sea.  Timeline:  Russ On The Move / 1:15 Policy Problems? / 3:45 Cancellation of ALL Loans / 11:15 Drastic Increase in Money Supply / 13:00 Weird Exchange Rate, Capital Control / 17:15 Zimbabwe's Economic Freedom (161) / 21:10 Extraction Government / 27:30 "Precious treasure and oil are in a wise man's dwelling, but the foolish man devours it" / 33:55 Colional Orgins of Comparative Devolpment - : Daron Acemoglu, Simon Johnson, James A. Robinson https://economics.mit.edu/files/4123
Jun 06, 202235:39
Public-Private Partnerships are Wasteful –Dr. Michael Farren | #187

Public-Private Partnerships are Wasteful –Dr. Michael Farren | #187

This week, the Gwartney team welcomes to the show, Michael Farren. Micheal and the team discuss different states subsidizing businesses to locate within their state. We discuss the after-effects of when businesses and governments collaborate, does this partnership ruin competition? Join the conversation now! Kansas City is ground zero / 1:45 Truce between Kansas & Missouri / 4:00 Slowing national growth / 8:05 Prisoners Dilemma and Panasonic / 12:00 Politcal incentives / 18:15 Ruinous competition / 28:20 Government privilege / 32:00 "Government scheckles come with government shackles" 
May 30, 202239:01
College Loan Forgiveness -Not Fair! | #186

College Loan Forgiveness -Not Fair! | #186

There has been increased pressure for democratic policymakers to begin forgiving student loans. Join the Gwartney team as we discuss different incentives and problems that arise due to student loan forgiveness ideas.  Pausing of interest / 2:00 Government is making the loan / 5:45 Just the way things work? / 11:45  Weird incentives / 15:40 Regressive policies / 18:25 Relative prices / 22:15 Subsidies distort / 27:20 Gary Becker: Human Capital
May 23, 202238:44
What does Roe v. Wade Leak Mean –Moral Issues Aside | #185

What does Roe v. Wade Leak Mean –Moral Issues Aside | #185

On May 3rd, a Supreme Court draft decision to overturn Roe v. Wade was leaked to the mainstream media. This has sparked a nationwide debate on the proper ways of moving forward and maintaining security within the judiciary branch. Join our "talking heads" as we discuss the fallout effect of the leak, abortion issues aside! 
May 16, 202230:40
Property Dualism - Philosophy of Mind Pt. 4 | #184

Property Dualism - Philosophy of Mind Pt. 4 | #184

After journeying through three other philosophies of the mind, Dr. Justin Clarke leads the team through the final theory of this series. In this last theory, property dualism, our mind, and body are part of one substance and are capable of communicating with one another. Does this theory persuade you? Join a thought-provoking episode now! Timeline:  Recap of Philosophy of Mind Series / 2:00 Subjective Experience Left Unexplained / 11:00 Property Dualism / 19:00 Does Religion Fit? / 30:00 Thomas Nagel: What is it like to be a bat? Donald Davidson: Anomolous Monoism 
May 09, 202243:10
Mind and Body Functionalism - Philosophy of Mind Pt. 3 | Episode #183

Mind and Body Functionalism - Philosophy of Mind Pt. 3 | Episode #183

In our third part of the Philosophy of Mind series, Dr. Justin Clarke runs the Gwartney team through functionalism. Functionalism pictures the human mind as a computer, or capable of grasping input to create an output. This theory of mind paints humans as physical beings, only being able to accept first-person, objective truths.  Do you feel more alive when you feel pain or look at a chair?   Timeline:  Problems With Dualism and Materialism / 2:00 Functionalism - Minds are computers / 7:45 Brain is Hardware / 13:00 Problems With Functionalism / 18:30 Spectrum Inversion / 22:40 Excludes Subjectivity / 29:25
May 02, 202232:34
Materialism Battles Dualism - Philosophy of Mind Pt. 2| #182

Materialism Battles Dualism - Philosophy of Mind Pt. 2| #182

In a continuation of last week's show, Dr. Justin Clarke leads us through a challenge to dualism's mind philosophy, materialism. Materialism argues that our brain is our mind and that mental activities are connected to physical ones.  Materialists believe physical matter is the only reality and that everything, including thought, feeling, mind, and will, can be explained in terms of matter and physical phenomena. Join us in another challenging episode! Timeline: The first problem with Dualism / 2:45 Question of Supernatural / 7:00 Interaction Problem / 10:15 Materialistic Approach / 19:15 Ghost in the Machine / 23:30 Phineas Gage & Charles Whitman / 29:30 Problems with Materialism / 32:55 Folk Psychological Terms / 35:45 *Gilbert Ryle  *Thomas Hobbes *Patricia & Paul Churchland
Apr 25, 202244:19
Mind or Matter? - Philosophy of Mind Pt. 1 | #181

Mind or Matter? - Philosophy of Mind Pt. 1 | #181

In this week's podcast, Dr. Justin Clarke leads the Gwartney team through the thoughts of René Descartes, a French philosopher who focused on the duality of the mind. What can we determine for certain exists? Descartes believes the foundation of our existence stems from our ability to think. Our ability to think, Descartes argues, distinguishably separates the mind and body into two inherently different things. A truly thought-provoking episode we hope you enjoy!  Timeline: Sparker of Modern Philosophy - 1:25 Organization of Thoughts - 4:25 Do Senses Deceive? - 6:30 Foundation of Certainty - 10:15 "I think therefore I am" - 15:00 Doubt is a Form of Thinking - 22:50 Argument For a Soul - 26:30 The Idea of Separation - 32:00  René Descartes- Meditations   
Apr 18, 202234:50
Can Economic Freedom Deter Russia? | #180

Can Economic Freedom Deter Russia? | #180

In this week's show, the Gwartney team argues against central planners by examining the economic freedom scores of different countries. Specifically, these are countries that were formed after the split of the Soviet Union. Some of these countries, like Poland, chose to pursue free-market economics, while others, such as Ukraine, continued economic central planning. Essentially, as the team points out, we are able to witness a natural experiment, does free-market economics make a country better off? Could economic freedom deter Russia? Join the show now! Timeline: Two ways to organize oneself - market or central / 1:30 No profit motive / 5:00 Unforeseen opportunity costs / 8:40 Incentive challenges for the Soviet Union / 11:30 Shock therapy / 16:45 Per-Capita income / 26:40 What's the data saying?  / 32:30 Does the free market create better outcomes? /37:00 Don Levoy- National Economic Planning: What is Left Milton Friedman- I Pencil freetheworld.com  Frasier Institute
Apr 11, 202237:05
Religion Shapes Collective Action? -Creighton Event Part 2 | #179

Religion Shapes Collective Action? -Creighton Event Part 2 | #179

In a continuation of last week, this week's episode, the Gwartney team is at Creighton University! The institute took some of our students down to Creighton University for Humanomics 2022. This event had students go through 3 discussion sessions, 2 keynote lectures, 1 faculty panel, 1 movie discussion, and finally a podcast. The topics that were discussed at this event were social norms, collective action, fiscal decentralization, and the city. This show talks about civil society today. Dr. Russ McCullough and Dr. Peter Jacobsen are joined by three other professors on the show. Dr. Tony Gill from the University of Washington, Dr. Vlad Tarko from the University of Arizona, and Dr. Michael Thomas from Creighton join the team to discuss these issues. In the second half, our academics field questions from the student audience! join the discussion now!
Apr 04, 202235:26
Civil Society is Market Group Action? -Creighton Event | #178

Civil Society is Market Group Action? -Creighton Event | #178

In this week's episode, the Gwartney team is at Creighton University! The institute took some of our students down to Creighton University for Humanomics 2022. This event had students go through 3 discussion sessions, 2 keynote lectures, 1 faculty panel, 1 movie discussion, and finally a podcast. The topics that were discussed at this event were social norms, collective action, fiscal decentralization, and the city. This show talks about civil society today. Dr. Russ McCullough and Dr. Peter Jacobsen are joined by three other professors on the show. Dr. Tony Gill from the University of Washington, Dr. Vlad Tarko from the University of Arizona, and Dr. Michael Thomas from Creighton join the team to discuss these issues. The second half is questions from the students who are in the audience while the podcast is being recorded.  YouTube Video of show available by following the link below: https://www.youtube.com/watch?v=pG7w-E9xcmY
Mar 28, 202237:05
Black Liberation, Free Markets and Church -Dr. Rachel Ferguson | #177

Black Liberation, Free Markets and Church -Dr. Rachel Ferguson | #177

In this week's episode, the Gwartney team welcomes back Dr. Rachel Ferguson. Rachel has been on our show many times before, but this episode is special because it features her new book coming out, "Black Liberation Through the Marketplace: Hope, Heartbreak, and the Promise of America." This book is released on May 10th so make sure you follow the link below to pre-order the book. Here is a quick background below on Rachel before you listen to the show about her new book. Rachel Ferguson is an economic professor at Concordia University Chicago. As director of the Free Enterprise Center there, she leads a nationwide, cross-disciplinary faculty network that engages questions of liberty and virtue through seminars, conferences, and pedagogy. Dr. Ferguson has been a visiting fellow at the Eudaimonia Institute and her work can be found in Discourse, the Journal of Markets & Morality, and the Library of Economics and Liberty. Ferguson lives in St. Louis, Missouri where she is actively involved in community building and empowering marginalized entrepreneurs through LOVEtheLOU and Gateway to Flourishing. Timeline:  Classical Liberal Takes on Black American history / 2:30 Living Up to the Constitution / 6:25 Civil Society Push for Advancement / 8:15 Oppression Does Not Lead to Flourishment / 13:00 Pirates Don't Help the Economy / 16:45 The Church and Black Leadership / 19:00 Barriers Throughout History / 23:30 Local Empowerment / 35:15 Cannot Create Stability From Above / 39:00   https://www.amazon.com/Black-Liberation-Through-Marketplace-Heartbreak/dp/1637583443
Mar 21, 202242:09
Marshmallows, Saving and Investment | #176

Marshmallows, Saving and Investment | #176

This week the Gwartney Institute talks about the Stanford Marshmallow experiment. Would you wait and get rewarded? Or would you be taking the marshmallow right away? Figure out what that answer could mean for your future with the answers from our philosopher Dr. Justin Clarke and the team.
Mar 14, 202230:28
Tinkering with the Economy -Bad Idea | #175

Tinkering with the Economy -Bad Idea | #175

This week's podcast is a continuation and part 2 of the last show, "E-communist or Economist?" Peter continues going through his paper he wrote on a survey conducted on economists, entitled "New Survey Shows Economists Are Warming Up to Central Planning". In this episode, we describe what is causing economists to shift their beliefs so much in the past 20 years.  Quote of the Cast  "Culture lacks believing in a truth" - Russ Timeline: Wealth Distribution / 1:00 20 Point Swing in Ten Years / 7:05 Economists Have Less Faith in Taxes / 11:45 "Pushing" Them Over the Border / 15:30 Can We Crawl Back / 23:30 Less Confidence in Markets / 28:35 Eating Our Seed Corn Too Long / 38:05
Mar 07, 202240:16
E-communist or Economist? | #174

E-communist or Economist? | #174

This week the Gwartney team talks about a recent article Dr. Peter Jacobsen published for FEE. The article is titled "New Survey Shows Economists Are Warming Up to Central Planning." The show goes through the different survey questions that were brought up in the article. Russ, Peter, and Justin chime in about the changes from 1990 to 2021.  Timeline: We are all socialists? / 1:45 Spend! Taxes! / 5:40 What changed from 1990 to 2021? / 7:30 Passing the can down the road / 10:55 Crowding out / 13:40 Economists believe in the state / 17:00 Okay to do nothing? / 23:30 Liberty / 28:00 Link to the article: https://fee.org/articles/new-survey-shows-economists-are-warming-up-to-central-planning/
Feb 28, 202231:06
What's going on in Canada? | #173

What's going on in Canada? | #173

This week the Gwartney team talks about what has been happening in Canada. The team goes over the current situation of truckers blocking major roads and adding congestion to the city of Ottawa. This is a friendly protest against the vaccine mandates that are happening all around Canada. Some people are upset and some are enjoying the content from the peaceful protest. Hear what the team has to say about this story, enjoy! Timeline: The Trucker convoy - 0:45 When does the protest become Immoral - 4:40 What goes around, Comes around - 6:15 Is the protest pushing the line? - 8:40 Who is responding to this, Government Officials? - 10:35 More than a sit-in, it's a family event - 16:00 Go Fund Me Madness - 18:15 Peter and Russ talk Cronyism - 24:00 Alternative Fundraisers - 29:45 Bitcoin is the response to Cronyism - 32:00
Feb 21, 202233:16
Should the Pope Speak on Economics -Dr. Julia Norgaard | #172

Should the Pope Speak on Economics -Dr. Julia Norgaard | #172

Julia Norgaard joins the Gwartney team this week to talk about the Pope and economics. Julia R. Norgaard received her Ph.D. from George Mason University where she was a Ph.D. fellow at the Mercatus Center and a graduate lecturer. In 2015, she received her master's degree in economics from George Mason University. Dr. Norgaard received her BA in economics with a minor in mathematics from the University of San Diego in 2012. Her interests include applied microeconomics and political economy as well as law and economics and development. Dr. Norgaard created and currently runs both the PEP Talks Research Seminar and the Economics Reading Group. She has a passion for both research and teaching economics. We really enjoyed this show and look forward to another show with Julia in the future. Enjoy the show!  Timeline: The Pope knows his Econ - 1:00 There is no official training - 4:15 Popes Influenced from their backgrounds - 5:15 Pope Francis is less friendly to free markets - 7:40 Can't escape words out of the mouth - 8:15 Pope is 'American' - 11:30 Culture's effect? - 15:45  Some specific views - 17:30 It's important for the Pope to be in the discussion - 20:30 Are Pope's leading social trends - 24:30 What is Ex Cathedra? - 25:15 Shook it up - 32:00
Feb 14, 202233:23
Morality of Guns? -Philosopher Tim Hsiao | #171

Morality of Guns? -Philosopher Tim Hsiao | #171

This week the Gwartney team welcomes special guest Tim Hsiao. Tim is the Assistant Professor of Philosophy and Humanities at the University of Arkansas Grantham. Tim's areas of specialization are applied ethics, social philosophy, and environmental ethics. Tim has a wonderful article on, "The Moral Case for Gun Ownership," which we found very intriguing. Tim is a concealed carry instructor and master handgun instructor. He has all of the experience and knowledge to be an expert on this topic. We hope you enjoy the show. To learn more about Tim scroll down to find his website with more of his publications available.  Timeline: Give us the Argument Tim! - 2:50 Right to be a last line of Defense- 6:20 Right to Safety- 10:00 Moral trumps Utilitarian?- 15:00 Faith + Guns- 17:40 Luke 22:36, How do we as Christians navigate this verse- 19:20 Concealed Carry- 23:15 AR-15- 29:00 Police Militarization- 33:10 Tim Hsiao Website- https://timhsiao.org/
Feb 07, 202237:07
War -Morality and Economics Matter | #170

War -Morality and Economics Matter | #170

This week the Gwartney team talks about war! Are we on the brink of world war 3? Give a listen to our show to see what the three professors have to say about what is going on between Russia and Ukraine. What is the role of economics during a war?  Timeline: Should the US back Ukraine or back off? / 1:45 Different modes of combat / 5:20 Look out for your clientele government / 9:50 Actions do not match / 12:00 Too many possibilities / 15:30 Love thy neighbor / 20:00 Military-Industrial complex / 25:00 What is military spending / 30:10 
Jan 31, 202233:57
U-haul It! – Policy Matters for Declining State Populations | #169

U-haul It! – Policy Matters for Declining State Populations | #169

This week the Gwartney team looks at a topic that Dr. Jacobsen was researching. Peter was looking into what states people are leaving from the most. He noticed that New York, California, and Illinois are the top three states with the highest declining population rate. We discuss the reasons why this might be. Give it a listen to see if you think we got it right.  Timeline: Net Domestic Migration - 1:45 Economic Freedom and Moving - 8:00 Where are they leaving to? - 12:45  Illinois whatcha doing? - 16:30 Faith Factor - 21:00 The in-Person school will prevent migration? - 23:20
Jan 24, 202233:43
2022 Predictions -Culture, Politics, Economy and Religion | #168

2022 Predictions -Culture, Politics, Economy and Religion | #168

In this week's episode, the Gwartney team takes a look into the future with their early 2022 predictions. What policies do you think are sticking around this year? Russ and Peter discuss what the economy is going to look like in the upcoming year, and my personal favorite is the prediction of who is winning the Super Bowl this year. If you like the show please share it with friends.  Timeline: Covid - 1:50 Do we keep everything shut down still? - 3:45 What is there to look forward to? - 7:15 Stare at the Data! - 9:45 Will churches be stronger this year against Covid - 15:00 What will the Mid-terms look like? - 21:00 Inflation Predictions? - 22:15 Energy Market - 27:15
Jan 17, 202232:28
CDC, Cost-Benefit or Political Interests? | #167

CDC, Cost-Benefit or Political Interests? | #167

This week the Gwartney team talks about Covid policies. Were these policies put into place using cost-benefit thinking or were they politically motivated? Dr. Jacobsen helps us understand James M. Buchanan's thoughts about how to fully understand opportunity costs. Are Christians more likely to not be afraid of the virus? There is a lot in this show that we know you will like, enjoy!
Jan 10, 202242:01
Thou Shalt Not Kill -Death Penalty? | #166

Thou Shalt Not Kill -Death Penalty? | #166

This week the Gwartney team talks about the death penalty. When should the death penalty be used and is it always justified. What are your thoughts on the death penalty? See if your thoughts align with anyone on the Gwartney team. 
Jan 03, 202245:04
Stealing is Ok in San Francisco? | #165

Stealing is Ok in San Francisco? | #165

This week the team talks about the 'Smash & Grabs' that have happened in the San Fransisco area. We have now seen them happen around the nation but we stick to the big ones happening in SF. We talk about why these thief's are allowed to be doing this with no consequences. Then we get into how we can fix this problem and make it better for everyone. What policies would you consider implementing, tell us at gwartney.institute@gmail.com.
Dec 27, 202137:51
Experience or Jesus Machine -Who Wins? | #164

Experience or Jesus Machine -Who Wins? | #164

The experience machine or pleasure machine is a thought experiment put forward by philosopher Robert Nozick in his 1974 book Anarchy, State, and Utopia. It is an attempt to refute hedonism by imagining a choice between everyday reality and an apparently preferable simulated reality. The Gwartney team is led through this thought experiment by Dr. Justin Clarke as he explains what Nozick is trying to accomplish. Is Facebook and the Meta-verse already a little experience machine? Is there a Jesus Machine? Give a listen to what the team has to say about this thought experiment. 
Dec 20, 202140:15
Political vs Economic Policy -It’s Obvious Mr. President | #163

Political vs Economic Policy -It’s Obvious Mr. President | #163

This week's show the Gwartney team talks about the price of gas, and why we keep seeing it rise. The first half is full of what happened to our oil reserves and why prices continually rise higher. The second have of the show gets into inflation. What does this mean for our future with inflation and rising prices of goods? Give the show a listen to see what the team has to say. 
Dec 13, 202134:31
Fact Checking a Fraud? | #162

Fact Checking a Fraud? | #162

Inspired by Mark Hemingway's article "The Myth Of ‘Fact-Checking’: How Facebook Created The World’s Largest Censorship Operation"
Dec 06, 202136:05
Child Labor -Should They Work? | #161

Child Labor -Should They Work? | #161

Child labor laws in America have been in the headlines for years. Should they be more strict or should teenagers be allowed to work and gain experience? What about child labor laws in other countries, what can we do about those? Give a listen to this week's podcast and listen to what the Gwartney team has to say about child labor.  Timeline: Addressing the Narrative - 3:40 Cutting the Pie - 6:10 Need More Children Working? - 12:20 Coerced Labor - 20:00 Answer in Legislation? - 23:30
Nov 29, 202132:18
Free Will, God and Choice Constraints | #160

Free Will, God and Choice Constraints | #160

This week the Gwartney team talks about free will. There was a three-part series that we did previous to Peter joining the team, so we wanted to hear his thoughts. Justin gives us a little background on who a determinist is, a free will advocate, and then who are the compatibilists? What does God have to do with all of this? Enjoy the show! Timeline: Deterministic - 2:15 Compatibilists - 4:30 Illusion - 10:30 Actions Due to Belief and Desire - 21:15 God Has a Nature - 30:00 Randomness for Freedom - 39:30  
Nov 22, 202140:27
Rules vs Principles -Map and Territory Distinction | #159

Rules vs Principles -Map and Territory Distinction | #159

This week the Gwartney team talks about the map and territory distinction. Why are we talking about maps and territory on the show? Well, it is actually quite important. Are there people out there trying to change the maps to make the territory look different. Give a listen to what the team has to say about this distinction and why it might be very important today.  Timeline: Look at the territory, not just the map- 2:15 Politics has an incentive to alter labels- 7:00 Warping an unchangeable map?- 11:15 Meet people when their at- 18:45 Make things loud that shouldn't be 22:35 Jesus is territory orientated- 24:40 Decisions that follow territory, are done with faith- 30:05
Nov 15, 202127:37
Moral Requirements? Evaluating Good and Bad | #158

Moral Requirements? Evaluating Good and Bad | #158

In this week's episode, the Gwartney team talks about some moral requirements we might have. Justin brings up moral acts that are supererogatory. Supererogatory is the technical term for the class of actions that go “beyond the call of duty.” Roughly speaking, supererogatory acts are morally good although not (strictly) required. Although common discourse in most cultures allows for such acts and often attaches special value to them, ethical theories have only rarely discussed this category of actions directly and systematically. Are we always supposed to do the right thing? Let's see what the team has to say about these moral requirements.  Timeline: What does moral requirement mean?- 4:40 Everybody is Unethical? All the time?- 9:45 "Morally we are Doomed"- 13:20 Too sematic- 23:05
Nov 08, 202137:29
Tale of the Slave? -Nozick Explained | #157

Tale of the Slave? -Nozick Explained | #157

The Gwartney Institute talks about Robert Nozick's, the Tale of the Slave! Join the team as Justin guides us through Nozick's writing to discover how free we humans truly are. Click the link to follow along! https://rintintin.colorado.edu/~vancecd/phil215/Nozick.pdf  Timeline:  No Longer Tale of the Slave? - 9:00 We Are Slaves - 17:45 Is Free-er better? - 21:05 Freedom Within Constraints - 32:40 Quote of the Cast: "Is gravity slavery?" - Peter https://timothykeller.com/books/every-good-endeavor
Nov 01, 202136:29
China’s Social Credit Scoring System | #156

China’s Social Credit Scoring System | #156

This week the Gwartney team talks about China's social credit scoring system. We recently went to a presentation in Witchita, KS where we saw Abigail Devereaux talk about this social credit system. She highlights the dangers of a social credit system and why it shouldn't be used in a centralized way. Private rating systems help us make great decisions, but this social credit system attacks freedoms. You can listen to our podcast and read her paper on this topic by following this link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3286666 Timeline: What goes into your Social Credit? - 3:00 Should we be worried? - 5:35 Debt Score - 10:00 426? You get to Travel!- 13:05 Aggregation of criteria leads to people as 'units' - 22:35 Mussolini - 27:00 Objective social Rating - 31:40 Socially valuable to the Region - 34:00 Building out? - 35:45 Lil trickle in the U.S? - 37:50 Quote of the Cast:  I'm just glad my score is higher than Nate's- Justin 
Oct 25, 202136:12
More Taxes, More Debt, Print Money –Only 3 Options |#155

More Taxes, More Debt, Print Money –Only 3 Options |#155

The Gwartney team talks about debt and deficits on this week's show. Should we be concerned with where the national debt is currently? What can we do to help get us out of this problem? Listen to find out! Timeline: Social Debt is Ok- 5:15 Tools of Government- 9:00 Laffer Curve- 9:50 Looking for Free Money- 20:35 The exodus of People- 23:30 Vulkar- 26:00 These People are People- 31:10 Quote of the cast:  We have three ways to pay our debt. We can use debt to pay back debt, raise taxes, or print off more money. Those are the only 3 options we have. -Peter
Oct 18, 202133:34
US Military Propaganda Spending in Hollywood? -Dr. Chris Coyne Explains | #154

US Military Propaganda Spending in Hollywood? -Dr. Chris Coyne Explains | #154

The Gwartney team wants to welcome Chris Coyne to the show this week! This week the team talks to Chris about his book, Manufacturing Militarism. Christopher J. Coyne and Abigail R. Hall detail how military propaganda has targeted Americans since 9/11. From the darkened cinema to the football field to the airport screening line, the U.S. government has purposefully inflated the actual threat of terrorism and the necessity of a proactive military response. Give a listen to what the team has to say about this topic. Link to the Book: https://www.amazon.com/Manufacturing-Militarism-Government-Propaganda-Terror-dp-1503628361/dp/1503628361/ref=mt_other?_encoding=UTF8&me=&qid= Timeline:  Voting Booth is Discipline- 4:45 Unknown Consumption- 8:30 Classify Everything!- 14:30 Want Explosives? Pay in Propaganda- 22:00 He Shoots... It's Propaganda- 25:00 War is the Greatest Threat to Liberty- 34:00 Quote of the Cast: The normalization of military propaganda makes the country comfortable around this militarism because we are surrounded by it constantly- Chris
Oct 11, 202135:55
Abortion -Immorality Thought Experiments | #153

Abortion -Immorality Thought Experiments | #153

This week the Gwartney team talks about two different thought experiments brought up by Dr. Justin Clarke on Abortion. These thought experiments run through the first and second half of the show. The team then analyzes each of the arguments brought up by the experiment to see which one is better in comparison. The first thought experiment is Judith Jarvis Thomson's, A Defence of Abortion. The second one is Don Marquis's, Why Abortion is Immoral. Enjoy the show! LInk: https://spot.colorado.edu/~heathwoo/Phil160,Fall02/thomson.htm = Judith Jarvis Thomson's, A Defence of Abortion https://rintintin.colorado.edu/~vancecd/phil215/Marquis.pdf = Don Marquis's, Why Abortion is Immoral Timeline:  The Arguments- 1:45 Jarvis Thompson- 7:15 No Requirement to Val- 11:30 Brain 'EM- 15:00 Burden Changing Your Morality- 17:10 Abortion is Immoral?- 21:10 Deprived of a Valuable Future!- 26:35 When Does the Clock Start?- 30:00 Self Defense or No?- 35:10 Val the violinist pt. 2- 47:05 Quote of the Cast: I have a button, if I push it, you die. - Peter Jacobsen
Oct 04, 202152:27
Live and Let Live -Libertarian Priors 11-20 | #152

Live and Let Live -Libertarian Priors 11-20 | #152

In this episode, the Gwartney team takes a look at some Classical Liberal priors. This article by Donald J. Boudreaux discusses his personal 20 priors that play a significant role in discussions of society and economics. The team goes through the second 10 in this episode discussing how we feel about each one. If you would like to read each prior as we go along with them the link is below: https://www.aier.org/article/some-classical-liberal-priors/ Timeline: FDR is a predator?- 2:30 Adam Smith's Invisible Hand- 14:05 Solve a Complex Problem w/ simple solution- 20:03 Philosophers in charge- 27:00 No Free Lunches- 29:00 Quote of the Cast: No Free lunches unless there is a Pareto improvement- Peter
Sep 27, 202132:29
Live and Let Live -Libertarian Priors 1-10 | #151

Live and Let Live -Libertarian Priors 1-10 | #151

In this episode the Gwartney team takes a look at some Classical Liberal priors. This article by Donald J. Boudreaux discusses his personal 20 priors that play a significant role in discussions of society and economics. The team goes through the first 10 in this episode discussing how we feel about each one. If you would like to read each prior as we go along with them the link is below: https://www.aier.org/article/some-classical-liberal-priors/ Timeline: Going Against Equality- 8:10 Society Cannot be Engineered- 11:00 Update your Priors Man- 13:55 Justin Hates Accountability- 16:02 Who is Gonna be the Person on Top- 30:00 Quote of the Cast: "I don't think a cow could be considered a moral agent" - Justin Clarke
Sep 20, 202132:24
The Maker vs. The Takers -Jerry Bowyer | #150

The Maker vs. The Takers -Jerry Bowyer | #150

Podcast number 150!! We are happy to share this huge milestone with a special guest. Jerry Bowyer joins the Gwartney team this week, discussing his book The Maker vs. The Takers. Jerry's book is a close reading of the Gospels that takes history and archeology into account, demolishing the myth of a socialist Jesus.  Timeline:  Jesus and Economics- 3:15 "Tear Down" Impulse- 5:45 Revelation from God, That isn't Fallen- 8:40 Jesus is Engaged with Economics- 13:00 Jesus and the Young Rich Ruler- 16:00 Galilei Functioning Entrepreneurially- 19:10 Nature of the Class- 22:15 Maker vs. Taker- 24:00 Israel is Supposed to Fix Rome- 26:35 Hell on Earth- 29:35 Jesus and The Market- 32:00 Quote of the cast:  "And Christianity could critique itself and still survive. " - Jerry Bowyer
Sep 13, 202144:49
Timeshare and Strategic Irrationality | #149

Timeshare and Strategic Irrationality | #149

In this week's podcast, Dr. Justin Clarke takes the team through his experiences of timeshare presentations. Justin and Russ both have been through multiple timeshare presentations, and Justin brings a great argument to the table that everyone can use in their life. Justin asks during the podcast if it's okay to be irrational at times, and tells the audience at the end to be able to pull the "no" card out of your pocket in certain situations. We hope you enjoy it! Timeline: It's okay to be irrational - 5:30 Is rationality a constraint? - 9:05 Strategic irrationality is a tool - 14:20 Embrace a certain irrationality - 19:30 Some truths aren't expressable - 24:30 Back to loving freedom - 27:50 Quote of the Cast: "How do we get out of this sales pitch?" - Russ "I would punch that Tortoise in the face!" - Luke
Sep 06, 202136:32
Tho Bishop -Anatomy of the Nation | #148

Tho Bishop -Anatomy of the Nation | #148

In this week's episode, the Gwartney team welcomes Tho Bishop on the show. Tho is an assistant editor for the Mises Wire, and can assist with questions from the press. Prior to working for the Mises Institute, he served as Deputy Communications Director for the House Financial Services Committee. His articles have been featured in The Federalist, the Daily Caller, and Business Insider. We look back at our team's Dangers of Democracy podcast to hear the thoughts of Tho Bishop's cure for the nation. Tho dissects what is currently wrong in the nation and provides us with potential actions to prevent the overstretch of big government.  Timeline:  Improving Politics- 1:50 Ron Paul Movement- 6:35 Working on a Local Level- 8:50 What Events Can Activate People Politically- 13:22 Is the Fed too Big?- 19:35 What role does the Christian Faith Play in Political Unfoldings and Personal Lifes- 25:40 One Size Does Not Fit All- 34:00 Quotes of the Cast:  "When you have 70% of supporters questioning an election, it erodes the fabric of legitimacy. That combined with an energetic Federal government historically ends in chaos." - Tho "A powerful regime motivated by bad ideas" - Tho Important Links:  https://mises.org/forms/get-your-free-economics-one-lesson-book https://www.amazon.com/Anatomy-Crash-Financial-Crisis-2020/dp/1610167228#:~:text=Anatomy%20of%20the%20Crash%3A%20The,9781610167222%3A%20Amazon.com%3A%20Books
Aug 30, 202138:02
Fear and Trembling -Faith with Kierkegaard | #147

Fear and Trembling -Faith with Kierkegaard | #147

This episode Dr. Justin Clarke takes the team through Danish philosopher Kierkegaard's "Fear and Trembling." The story of Abraham is taken into a different light. We hope you enjoy! Show Timeline: -Background on Kierkegaard -Other examples in history of sacrificing -1 on 1 relationship with the absolute -Abraham is God? -Faith is a passion Quote of the week from the show: "Where are you going to leap to?" - Dr. Justin Clarke Fear and Trembling: https://www.religion-online.org/book/fear-and-trembling/ Limits of Moral Authority: https://global.oup.com/academic/product/the-limits-of-moral-authority-9780198728900?cc=us&lang=en&#
Aug 23, 202133:54
Space -Waste of Resources? | #146

Space -Waste of Resources? | #146

This week the Gwartney team talks about space. We have heard in the news about the space race between three billionaires, as they try to sell commercial flights into space. Listen to what the team thinks about these rockets being sent up into space. Enjoy!
Aug 16, 202132:51
Faith, Work, and Deming with Dr. David Church | #145

Faith, Work, and Deming with Dr. David Church | #145

This week the Gwartney team has a very special guest on the show. Dr. David Church joins the team to talk about faith, work, and Deming. The team talks about leading and managing with faith. How do we build trust in our society today. What does Christ have to do with all of this? We hope you enjoy the show. 
Aug 09, 202136:04
Dangers of Democracy | #144

Dangers of Democracy | #144

This week the Gwarntey team talks about Democracy. What are the good parts about it, but what short comings do we see in democracy. Find out what the professors believe is right. Enjoy!
Aug 02, 202141:09
Science as a Religion -Why it is Not Flourishing | #143

Science as a Religion -Why it is Not Flourishing | #143

In this week's episode the Gwartney team talks about the retraction of a academic paper. On our last show we talked about vaccines and there safety. This data was given to us by a paper published in the journal called Vaccines. The paper was retracted because of its data set, but was there more too it? 
Jul 26, 202130:15
Vaccine Faith for Kids? | #142

Vaccine Faith for Kids? | #142

In this weeks episode, the Gwartney team talks about the COVID-19 vaccine. Should we be worried about your kids receiving the vaccine even with the unknown side effects, or not being worried about getting the vaccine and your kid having the risk of getting Covid. Listen to what the team has to say about this topic for the week.
Jul 19, 202132:06
When is the recession hitting? -Austrian Business Cycles | #141

When is the recession hitting? -Austrian Business Cycles | #141

Welcome to another Faith and Economics podcast! This week the Gwartney team talks about what a business cycle is, specifically the austrian business cycle. They then turn the conversation into whether or not a recession is going to hit soon. We hope you enjoy!
Jul 12, 202138:21
The Lindy Effect -Evidence of Order? |#140

The Lindy Effect -Evidence of Order? |#140

This week the Gwartney team talks about the Lindy effect. The Lindy effect is The Lindy Effect is the idea that the older something is, the longer it’s likely to be around in the future. Nassim Nicholas Taleb, in his book, Antifragile: Things That Gain From Disorder, defines it for non-perishable items (things like information, intellectual production, etc.) as so: If a book has been in print for forty years, I can expect it to be in print for another forty years. But, and that is the main difference, if it survives another decade, then it will be expected to be in print another fifty years. This, simply, as a rule, tells you why things that have been around for a long time are not “aging” like persons, but “aging” in reverse. Every year that passes without extinction doubles the additional life expectancy. This is an indicator of some robustness. The robustness of an item is proportional to its life! Enjoy!!
Jul 07, 202137:39
 Alaska Dividend Promotes Universal Basic Income? | #139

Alaska Dividend Promotes Universal Basic Income? | #139

This week's podcast the team talks about Alaska. Dr. McCullough just got back from Alaska where he gave a presentation on the economic freedom of Alaska. He learned some interesting things about Alaska during his stay there. He learned that the prices of goods are outrageous and what we talk about on this show is the Dividend that Alaskans receive each year. Then we talk about how this dividend works and whether it is successful or not, and if it could show us evidence that a UBI could be successful. 
Jun 21, 202138:23
Faith in Expert Scientist Declines? | #138

Faith in Expert Scientist Declines? | #138

This week's podcast is about science and scientists specifically Dr. Fauci since he has been all over the news with his emails being leaked. The podcast talks about what happened and then about where its all gone wrong. Should there be a separation of science and state?? Enjoy.
Jun 14, 202131:34
Don’t waste a Crisis –with Christ you will be Ok | #137

Don’t waste a Crisis –with Christ you will be Ok | #137

This week's podcast the Gwartney team wants to continue off of the last podcast on inflation. This week the team talks about what a crisis is and why there doesn't need to be such a worry involved with a crisis especially with Christ on your side. We hope you enjoy the podcast.
Jun 07, 202130:58
Inflation Rising is Not a Leap of Faith | #136

Inflation Rising is Not a Leap of Faith | #136

This week the Gwartney team talks about a hot topic in recent news... Inflation. The Gwartney team talks about what inflation is and what are the methods of measuring it. Then the conversation moves into how what the future might have in store for us with the rise in inflation. Enjoy!
May 31, 202136:32
How does your Personality Matter? | #135

How does your Personality Matter? | #135

This week the Gwartney team took a personality test previous to the show and discussed the results. To take the test and compare it to the team use this website below: https://www.16personalities.com/free-personality-test The team then in the second have takes their results and seeing how personalities are used in faith and how they can be related to economics. We hope you enjoy the show!
May 24, 202134:27
"25 Things Wrong with Culture" | #134

"25 Things Wrong with Culture" | #134

The Gwartney team this week talks about the change in culture. Dr. Clarke brings up an article by Daniel A. Kaufman, titled, "TWENTY-FIVE THINGS EVERYONE USED TO UNDERSTAND." Kaufman writes these 25 propositions below that say things that pretty much everyone in the United States understood until "five proverbial minutes ago."  He wrote them down, not just as a reminder of how much things have changed in such a short time, but because together, they represent a wisdom about life that is needed today more than ever before. Give the show a listen and see what the team agreed with and which 25 we discuss on the show! Enjoy.  Link to the 25 things below:  https://theelectricagora.com/2021/05/02/twenty-five-things-everyone-used-to-understand/
May 17, 202139:03
“Is Media Deception a Dumpster Fire or Progress?” | #133

“Is Media Deception a Dumpster Fire or Progress?” | #133

This week the Gwartney Institute talks about today's media. Specifically the team talks about media deception, and how media changes what actually happens. We saw this a lot when Trump was in office with articles that weren't telling the truth, and social media spreading things that most likely aren't true. This is now happening with Joe Biden. Our last podcast covered his so called meat laws that he wanted to implement, but Biden has never actually said anything about meat laws it was just the media deceiving the public. See what the team thinks about this and why our society is doing this. Also hear about some of their solutions to this issue. Enjoy!
May 10, 202132:37
“Save the planet with Meat Laws?” | #132

“Save the planet with Meat Laws?” | #132

This weeks podcast the Gwartney team is talking about meat. Yes, meat! Here is why, climate change was a central policy for Joe Biden during the 2020 election, and last week the president hosted a summit with 40 world leaders to discuss their response to the crisis. At the virtual event, Biden announced a new target for the U.S to cut emissions by 50 to 52 percent by 2030 compared with 2005 levels. The summit was followed by claims on social media that Biden plans to cut meat consumption in the U.S. to combat climate change. Give the show a listen to see what the professors feel about this topic. Enjoy!
May 03, 202138:42
"Minimum Wage should be Zero" -Dr. Victor Claar Explains | #131

"Minimum Wage should be Zero" -Dr. Victor Claar Explains | #131

The Gwartney team this week talks about the minimum wage argument. This discussion is led by our special guest Dr. Victor Claar. Dr. Victor V. Claar is associate professor of economics at Florida Gulf Coast University in Fort Myers, where he holds the BB&T Distinguished Professorship in Free Enterprise. He studied business and math as an undergraduate at Houghton College in upstate New York, and earned his masters and doctoral degrees in economics at West Virginia University. Professor Claar is an affiliate scholar of the Acton Institute, as well as a member of the Foundation for Economic Education's Faculty Network. He is a Fulbright Scholar, having spent a year teaching economics to graduate students in the former-Soviet republic of Armenia. Professor Claar has a long, impressive record of publications, including his influential book, Economics in Christian Perspective: Theory, Policy and Life Choices, now in its tenth printing and recently translated into Chinese. His forthcoming book with coauthor Greg Forster, The Keynesian Revolution and the Rise of Economic Materialism: We're All Dead, is under contract to be published in early 2019 by Palgrave Macmillan. The link to his minimum wage article is here: https://www.thepublicdiscourse.com/2021/03/74720/
Apr 26, 202138:39
Vaccine Passports -Is this Freedom? | #130

Vaccine Passports -Is this Freedom? | #130

This week's podcast the team talks about the proposal of vaccine passports. The team talks about whether they are for or against these passports, and then the many different arguments that could support these passports or deny the use of them. We hope you enjoy!
Apr 19, 202133:35
Social Trust -Mostly down, Is this Good? | #129

Social Trust -Mostly down, Is this Good? | #129

This week's podcast episode is on the social trust of certain institutions. There is information out that says the younger generation has a decrease in trust for many different institutions like the government, scientists, and police. This podcast idea was brought up after one of the institutions that is decreasing is the church. Listen to what the team's thoughts are on this topic. The Gallup poll link is below: https://news.gallup.com/poll/1597/confidence-institutions.aspx
Apr 12, 202136:11
Freedom from the Law? - Guest Dr. Rachel Ferguson | #128

Freedom from the Law? - Guest Dr. Rachel Ferguson | #128

This week's podcast the Gwartney team welcomes Dr. Rachel Ferguson back to the show. The podcast this week a more on the faith side talking about how old testament laws can shape Christians today. The idea for the podcast was from Dr. Rachel Ferguson and Dr. Russ McCullough after they both listened to a podcast from the Biblical Mind group. Their podcast has "Dr. Carmen Imes, Associate Professor of Old Testament at Prairie College in Alberta, Canada, talks with Dr. Dru Johnson about the role of the Old Testament laws. Fulfilling individual Old Testament laws is meant to shape the wisdom and character of God's people in response to God's already accomplished work of salvation. Dr. Imes talks about biblical oath-making, the difference between ancient and modern views of law codes, and how God secures his faithfulness by swearing on Himself. If we learn to read the law as an extension of our love for God, we can see how the practices and guidance of the Torah can shape our modern life as Christians." The Gwartney team shares their thoughts about what they though of this podcast and their thoughts on the Law. The link to the biblical mind podcast is below:  https://podcasts.apple.com/us/podcast/the-biblical-mind/id1468537756?i=1000492595207
Apr 05, 202156:53
Faith, Freedom, and Dr. Suess | #127

Faith, Freedom, and Dr. Suess | #127

The podcast this week is about the children's books that were banned recently. The author is Dr. Suess and 6 of his books have been pulled from the shelfs and banned in many libraries around the country. See what the professors have to say, and what economic, philosophical, and faith principles can be woven into a situation like this. We had a mic malfunction for the first 5 minutes of the podcast so the audio might not be the best quality until the mark of 5:57 in the podcast.  Enjoy!!
Mar 29, 202132:55
Need Faith for Universal Basic Income? | #126

Need Faith for Universal Basic Income? | #126

This week the Gwartney team talks about a Universal Basic Income or UBI. Give a listen to what our professors think about a universal income. Will it ever be put into place where it can work? 
Mar 22, 202143:22
Negotiating Fairness –Are All Negotiations Fair? | #125

Negotiating Fairness –Are All Negotiations Fair? | #125

Another Faith and Economics podcast with the Gwartney Team! This week's show talks about fairness in negotiations. Are all negotiations fair? The team takes a look at Dr. McCullough's negotiations fairness theorem and the team decides if it can be applied to all negotiations. What qualifies a negotiation as being fair? Find out what the team thinks about these questions by listening to our show. 
Mar 15, 202138:45
Should We Still Have Faith in the Constitution? | #124

Should We Still Have Faith in the Constitution? | #124

This week the Gwartney team talks about the constitution. The last two weeks have been focused on rights so we thought it was appropriate to bring the constitution into the conversation. The constitution gives us rights to follow, but should we still have faith in it after this long? 
Mar 08, 202133:35
Rights -From God or Government? |#123

Rights -From God or Government? |#123

This week the Gwartney team talks about rights again. Are these rights god given or decided on a majority of what the people believe is true. Enjoy! 
Mar 01, 202139:11
Freedom Rights for the Public Good -Fair Trade? | #122

Freedom Rights for the Public Good -Fair Trade? | #122

The Gwartney team this week talk about rights. What are rights? The team discusses the issues around the nationally mandated lockdowns, and if they infringed on your rights. Give it a listen! 
Feb 22, 202136:03
Render to Caesar –Should We and When? | #121

Render to Caesar –Should We and When? | #121

In this week's podcast the Gwartney team talks about the phrase, "Render unto Caesar the things that are Caesar's, and unto God the things that are God's." The phrase has become a widely quoted summary of the relationship between Christianity, secular government, and society. The original message, coming in response to a question of whether it was lawful for Jews to pay taxes to Caesar, gives rise to multiple possible interpretations about the circumstances under which it is desirable for Christians to submit to earthly authority. Here what the team's thoughts are on this phrase in today's world, enjoy!
Feb 15, 202133:59
GameStop, Hedge Funds, and David vs. Goliath | #120

GameStop, Hedge Funds, and David vs. Goliath | #120

This week the Gwartney team talks about an event that has been all over the news. The stock price of GameStop flew through the roof this last week because of some Reddit users on WallStreetBets. Give a listen to what the team thinks about this recent craze on Wall Street and how faith can be brought into the discussion. 
Feb 08, 202133:40
Faith and Free Speech - Is It Really Free? | #119

Faith and Free Speech - Is It Really Free? | #119

This week the Gwartney team talks about the first amendment. The team tries to define the meaning of free speech in our own words. Then the team tries to get to the real meaning of free speech since there isn't that clear of a definition out there. Then the team adds in a little bit of faith. Enjoy! 
Feb 01, 202137:50
Biblical Anthropology and Economic Systems | #118

Biblical Anthropology and Economic Systems | #118

This week on the show the Gwartney Institute talks about biblical anthropology and economic systems. We have special guest Dr. Jeff Haymond, Dean of the School of Business Administration and Professor of Economics at Cedarville University. Enjoy the mix of economics and faith during this episode. 
Jan 25, 202139:58
Is The Presidency Too Powerful? | #117

Is The Presidency Too Powerful? | #117

This week the Gwartney team talks about what happened at the Capital. This steers the conversation into the powers of the United States President. Do our President's have too much power, or not enough? Give it a listen. 
Jan 18, 202135:46
Gift Giving and Consumerism -Is Capitalism To Blame? | #116

Gift Giving and Consumerism -Is Capitalism To Blame? | #116

This week the Gwartney team talks about consumerism and gift-giving. The team discusses what consumerism is, and why it's a hot topic during the holiday season. The team also brings the faith aspect into the discussion and then finally answering if consuming during the holidays is good for the economy. Enjoy!  
Jan 11, 202133:01
Urbit protects your digital property rights – CEO Galen Wolfe-Pauly | #115

Urbit protects your digital property rights – CEO Galen Wolfe-Pauly | #115

This week the Gwartney team has on a special guest Galen the CEO of Urbit. We get to hear from him about what Urbit is and he answers all the questions that help the everyday person understand the importance of what their doing with Urbit 
Jan 04, 202140:10
Why won’t we run out of resources? -Stewardship | #114

Why won’t we run out of resources? -Stewardship | #114

This week the Gwartney team talks about environmentalism and resource use. There is effectively no difference between what people call renewable and nonrenewable resources is what Dr. Jacobsen says. Give a listen to what the professors have to say about this topic. 
Dec 28, 202039:18
Entrepreneurs and Models -What Needs More Faith? |#113

Entrepreneurs and Models -What Needs More Faith? |#113

This week the Gwartney team talks about Dr.  Peter Jacobsen's defense of his dissertation. Peter's dissertation was three papers, but the team discusses only one on the show. This paper is called More Than Labor. Enjoy.
Dec 21, 202032:34
Own Nothing and Be Happy? The Problem with the Great Reset | #112

Own Nothing and Be Happy? The Problem with the Great Reset | #112

The Gwartney team this week talks about The Great Reset. There is a video attached below that helps explain what the World Economic Forum is proposing. We advise watching this short video first, then giving the podcast a listen. The link is below, Enjoy. https://www.youtube.com/watch?v=Hx3DhoLFO4s
Dec 14, 202033:09
Airline Overbooking – Faith and Fairness with Market Solutions | #111

Airline Overbooking – Faith and Fairness with Market Solutions | #111

This week the Gwartney team talks about the airline overbooking problem. After Dr. Peter Jacobsen introduces us to the problem and the solution the team ties his paper into faith and fairness with market solutions. Enjoy! 
Dec 07, 202031:51
Was Jesus a Socialist? -Guest Larry Reed |#110

Was Jesus a Socialist? -Guest Larry Reed |#110

The Gwartney team welcomes a great guest to the show, Larry Reed. We discuss his life and journey through faith, while also talking about his book, Was Jesus A Socialist? 
Nov 30, 202036:03
Faith in Uber and the Gig economy? | #109

Faith in Uber and the Gig economy? | #109

This week the Gwartney team talks about Uber and the gig economy. A gig economy is based on flexible, temporary, or freelance jobs, often involving connecting with clients or customers through an online platform. Uber has shown how successful a gig economy can become. Could we see a gig economy form in our labor force and be successful in other types of businesses?
Nov 23, 202029:51
Fighting Poverty with Economic Freedom Part 2 | #108

Fighting Poverty with Economic Freedom Part 2 | #108

This week the Gwartney team finishes up the economic freedom series. The discussion finishes up the last two areas of measurement for countries' economic freedom score. These last areas are freedom to trade internationally and regulations. 
Nov 16, 202039:53
Fighting Poverty with Economic Freedom Part-1 | #107

Fighting Poverty with Economic Freedom Part-1 | #107

This week the Gwartney team talks about economic freedom! The main cornerstones of economic freedom are personal choice, voluntary exchange, open markets, and clearly defined and enforced property rights. The podcast's discussion is centered around the economic freedom index of the world developed by Jim Gwartney. This index measures five important areas of a country which are the size of government, legal system and property rights, sound money, freedom to trade internationally, and regulation. 
Nov 09, 202030:43
Great Barrington Declaration -COVID Shutdown? | #106

Great Barrington Declaration -COVID Shutdown? | #106

This week the Gwartney team talks about the Great Barrington Declaration. The Great Barrington Declaration brings together many of the worlds best infectious disease epidemiologists and public health scientists that have grave concerns about the damaging physical and mental health impacts of the prevailing COVID-19 policies, and recommend an approach they call Focused Protection. Enjoy! Check out the declaration here: https://gbdeclaration.org
Nov 02, 202034:28
Priests doing Economic Analysis? -Clara Jace explains | #105

Priests doing Economic Analysis? -Clara Jace explains | #105

This week's podcast we have a special guest on our show Clara Jace. Clara is a Ph.D. student at George Mason University and a Graduate fellow of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, & Economics. Her research interests revolve around the fields of family economics, public choice, and the economics of religion. The podcast dives into some of her research about the school of Salamanca. The school of Salamanca is often identified as the first economic tradition in the history of "dismal science."  Learn more about her research with the link to Clara's paper below:   https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3288861
Oct 26, 202032:49
Corporate Social Responsibility -Part 2 | #104

Corporate Social Responsibility -Part 2 | #104

This week's podcast is part 2 of the corporate social responsibility series. The Gwartney team discusses a New York Times article that marked Friedman's "The Social Responsibility Of Business Is to Increase Its Profits" article. Now 50 years later, the article we discuss celebrates the occasion by stirring a series of discussions and debates. They assembled more than 20 experts — including C.E.O.s, Nobel laureates and other top thinkers — and asked them to respond to the essay. Link: https://www.nytimes.com/2020/09/13/business/dealbook/milton-friedman-essay-anniversary.html
Oct 19, 202031:22
Corporate Social Responsibility -Part 1 of 2 | #103

Corporate Social Responsibility -Part 1 of 2 | #103

It has now been 50 years since economist Milton Friedman asked and answered a fundamental question: What is the role of business in society? Friedman’s stance was,“There is one and only one social responsibility of business, to use its resources and engage in activities designed to increase its profits.” The Gwartney team takes a look at Friedman's stance with its recent 50 year anniversary, answering the question, "What is a corporations social responsibility?"
Oct 12, 202033:14
Power and Institutions- Part 3 The Nuremberg Trials | #102

Power and Institutions- Part 3 The Nuremberg Trials | #102

This is the final part of the three part series on power and institutions. For this episode the Gwartney team talks about the Nuremberg trials, and their correlation with part 1 (The Stanford Prison Experiment) and part 2 (The Milgram Experiment). Enjoy!
Oct 05, 202042:11
Power and Institutions- Part 2 Milgram Experiment | #101

Power and Institutions- Part 2 Milgram Experiment | #101

The Gwartney team talks about the Milgram Experiment this week. We are starting a trilogy and this episode is about the humans level of obedience and the corruption of power. Enjoy!
Sep 28, 202037:47
Power and Institutions –Part 1 Stanford Prison Experiment | #100

Power and Institutions –Part 1 Stanford Prison Experiment | #100

The Gwartney team talks about the Stanford Prison Experiment this week for our very special 100th episode. We are starting a trilogy and this episode starts it off with the corruption of power. Enjoy!
Sep 21, 202037:36
Faith and Expectations at Church | #99

Faith and Expectations at Church | #99

This week's episode the Gwartney team takes a look into expectations of faith. The book "The Marketplace of Christianity" by Robert Ekelund, Robert Hebert, and Robert Tollison is used as a reference in this podcast. The book helps open up a discussion about the difference between credence goods and meta-credence goods, and how they are connected in our faith. 
Sep 14, 202033:00
The Problem of Evil and Suffering | #98

The Problem of Evil and Suffering | #98

The Gwartney team discusses the problem of evil and suffering on this weeks podcast. 
Sep 07, 202032:41
Is there Biblical Support for a Wealth Tax? | #97

Is there Biblical Support for a Wealth Tax? | #97

The Gwartney team this week talks about the idea of a wealth tax. The show focuses in on what a wealth tax is, and why it doesn't look like it will work or want to be accepted as a new tax form along side the already in use, income and property tax. The team also talks about the biblical side of taxes. 
Aug 31, 202035:54
Russ goes to Capital Hill -Economic Recovery with COVID | #96

Russ goes to Capital Hill -Economic Recovery with COVID | #96

Russ and the Gwartney team discuss the talk that Dr. McCullough had to Kansas policy makers on an economic recovery plan with COVID.  Dr. Russ McCullough catches the policy makers attention with his presentation on, "Healthcare Capacity as a Policy Tool." Here is the link to the testimony, Dr McCullough starts at 1:42:35: https://youtu.be/7iq9N-SLgwE And a link to the Policy Brief can be found here: https://kansaspolicy.org/surveying-small-businesses-covid-reopening-the-kansas-economy/
Aug 24, 202038:44
Free to Choose – Student reflections at Capitaf | #95

Free to Choose – Student reflections at Capitaf | #95

Dr. Russ McCullough takes students to Capitaf, which is Milton and Rose Friedman's summer home in Fairlee, VT. There the students and Russ discuss the books they read: "Free to Choose" and "Capitalism and Freedom" both written by Milton Friedman. 
Aug 17, 202048:10
Expectations and Happiness –Do Gaps Hurt |#94

Expectations and Happiness –Do Gaps Hurt |#94

The Gwartney team takes a deeper look into a ted talk titled "Why we're unhappy." The team talks about the policies and beliefs that Nat Ware proposes will fix the problem of unhappiness. The link to the ted talk is below.  https://www.youtube.com/watch?v=9KiUq8i9pbE&feature=youtu.be
Aug 10, 202037:29
Hedonism –Is it Christian | #93

Hedonism –Is it Christian | #93

The Gwartney Institute talks about the ethical theory of Hedonism. Is it true or is it false? Dr. Justin Clarke trys to bring Dr. McCullough and Dr. Jacobsen to the non-hedonist view point by delivering many examples of how it could be seen as false. 
Aug 03, 202032:10
Peter Jacobsen –Perspectives on Faith and Economics | #92

Peter Jacobsen –Perspectives on Faith and Economics | #92

The Gwartney Institute welcomes Peter Jacobsen to the team. Hearing about his journey of faith and economics. 
Jul 27, 202035:25
Free Will Skeptics -Are we better off? | #91

Free Will Skeptics -Are we better off? | #91

This week the Gwartney team is applying their conversations on the 3 positions of free will (Determinism, Libertarianism, and Compatibilism) to real life examples.  https://youtu.be/rfOMqehl-ZA
Jul 20, 202030:33
Free Will Part 3 - Compatibilism | #90

Free Will Part 3 - Compatibilism | #90

This week the Gwartney professors covered part 3 of the theory of free will; compatibilism 
Jul 13, 202033:43
Free Will Part 2 - Libertarianism | #89

Free Will Part 2 - Libertarianism | #89

This week the Gwartney professors covered part 2 of the theory of free will; libertarianism
Jul 06, 202045:45
Free Will, Faith and Philosophy - Part 1 | #88

Free Will, Faith and Philosophy - Part 1 | #88

Our two professors sat down this week to discuss part one of three on the theory of free will; determinism. 
Jun 29, 202037:51
Looting - Thou Shalt Not Steal | #87

Looting - Thou Shalt Not Steal | #87

The Gwartney team discusses government and police response to the instances of looting that have occurred during the recent protest and what the bible has to say on this topic. 
Jun 25, 202037:28
Militarization of the Police | #86

Militarization of the Police | #86

The Gwartney Institute tackles the hot topic of militarization of the police using the "Campaign Zero" policies from 2015. 
Jun 15, 202040:47
Visible and Invisible - Drs. Dirk Mateer and Charity-Joy Acchiardo | #85

Visible and Invisible - Drs. Dirk Mateer and Charity-Joy Acchiardo | #85

Drs. Dirk and Charity-Joy join the Gwartney team to discuss how economists can get swept up in visible information and miss some key invisible information in the decision-making process.
Jun 08, 202037:47
The Trolley Problem, What Would Jesus Do? | #84

The Trolley Problem, What Would Jesus Do? | #84

The Gwartney team dives into the philosophical trolley problem and discuss why people struggle with different scenarios. 
Jun 03, 202035:34
Debit Forgiveness for Everyone? Charles Bryfogle | #83

Debit Forgiveness for Everyone? Charles Bryfogle | #83

Charles Bryfogle joins the Gwartney team to discuss debt forgiveness and Christian jubilee as a potential solutions for economic collapse. 
May 18, 202037:56
Morality and mechanics about how the government will pay for Covid | #82

Morality and mechanics about how the government will pay for Covid | #82

The week the Gwartney teams discusses the morality and mechanics behind how the government is paying the stimulus for covid. 
May 11, 202036:38
Personal Finance Virtues During Hard Times-The Dave Ramsey Approach | #81

Personal Finance Virtues During Hard Times-The Dave Ramsey Approach | #81

With the stimulus payments from the government it raises the question, "What would Dave Ramsey do during these hard times?"
May 04, 202038:19
Oil and Jesus - Is there a connection? | #80

Oil and Jesus - Is there a connection? | #80

The oil industry has hit a slump in recent months.  The Gwartney Institute team discusses the complexities of the oil market and its connection to Jesus. 
Apr 27, 202026:49
Dr. Rachel Ferguson | #79

Dr. Rachel Ferguson | #79

Rachel Ferguson joins the Gwartney team for a second time to discuss her family's personal experience with the corona virus. 
Apr 20, 202038:14
Russ Roberts | #78

Russ Roberts | #78

Economist Russ Roberts joins the Gwartney team to discuss his book "How Adam Smith Can Change Your Life", the current Corona virus pandemic, and other interesting topics. 
Apr 13, 202047:28
Changing Beliefs | #77

Changing Beliefs | #77

Changing beliefs can be difficult, admitting you were wrong more so.  The Gwartney team discusses this issue and then goes through some of their own belief changes. 
Apr 06, 202040:12
Corona Virus Part 2 | #76

Corona Virus Part 2 | #76

The Gwartney Institute covers the new developments in the Corona Virus and the effects it is having on the economy, including price gouging. 
Mar 30, 202038:18
Corona Virus | #75

Corona Virus | #75

With the growing concern of the corona virus crisis, the Gwartney team discusses the ethics behind social distancing and the problems it is causing for businesses. 
Mar 23, 202034:34
National Debt | #74

National Debt | #74

The Gwartney team co-hosted a debate over the national debt. This podcast reviews some of the highlights from the debate. 
Mar 16, 202034:59
Are Economists Immoral? | #73

Are Economists Immoral? | #73

Economists get a bad rap for promoting a capitalist system. This week the professors take on the question, are economists immoral?
Mar 09, 202035:13
Home Economics | #72

Home Economics | #72

This week the Gwartney Institute discusses how the family plays a role in economics. 
Mar 02, 202029:25
God is a Capitalist | #71

God is a Capitalist | #71

The Gwartney Institute interviews Roger McKinney about his intriguing book called "God is a Capitalist."
Feb 24, 202039:49
Urbit and Your Online Identity | #70

Urbit and Your Online Identity | #70

Social media gives third parties power over our online identities. The Gwartney Institute takes a look at how Urbit might provide an alternative platform.
Feb 17, 202044:33
Computer Simulation | #69

Computer Simulation | #69

As technology advances, the line between computers and life becomes thinner giving the Gwartney Institute an interesting topic that will keep evolving. 
Feb 10, 202033:26
Chile's Economic Freedom | #68

Chile's Economic Freedom | #68

With civil unrest growing in Chile due to inequality, the Gwartney team looks to the benefits of Chile's high economic freedom for answers. 
Feb 03, 202036:37
Organ Lottery | #67

Organ Lottery | #67

This episodes sheds new light on utilitarianism by bringing up the option for an organ lottery.  
Jan 27, 202033:35
New Year Resolutions | #66

New Year Resolutions | #66

The Gwartney Institute examines how New Years Resolutions affect different industries and shed a little light on their own resolutions. 
Jan 20, 202033:17
Regulatory Impact on Consumers | #65

Regulatory Impact on Consumers | #65

This week the Gwartney Institute tackles how regulations can cause a negative tax on the poor. 
Jan 13, 202033:10
Economics on Everest | #64

Economics on Everest | #64

From Jon Krakauer's autobiography of the 1996 disaster on Mount Everest to the modern day over-crowding at the summit, this episode uncovers the economics of how commercialization has changed the supply and demand in Nepal. 
Jan 06, 202026:59
On Brexit | #63

On Brexit | #63

In the summer of 2016, one of the most significant political events in the past 50 years occurred in the UK: the British public voted in a referendum to leave the European Union. The particulars of this decision are still being decided, so the Gwartney Institute team provides, in this episode, an explanation of what is going on and its economic impacts.
Dec 30, 201935:08
Faith and Work with Hugh Whelchel | #62

Faith and Work with Hugh Whelchel | #62

Hugh Whelchel of the Institute for Faith, Work, and Economics joins us to discuss his book How Then Should We Work?
Dec 23, 201938:59
Faith and Economics in Guatemala | #61

Faith and Economics in Guatemala | #61

Guillermo Gonzales of Share Guatemala joins the crew for a discussion of the economy of Guatemala and the efforts of groups like Share Guatemala to reduce poverty.
Dec 16, 201935:16
Victor Claar on Fair Trade | #60

Victor Claar on Fair Trade | #60

We talk with Professor Victor Claar about his research on fair trade coffee, his faith, and economic policy.
Dec 09, 201948:14
Morality of Eating Animals | #59

Morality of Eating Animals | #59

The crew discusses the moral issues related to eating animals. Should we all be vegan?
Dec 03, 201931:26
Truckonomics with Sarah Ruffcorn - President of Trinity Logistics | #58

Truckonomics with Sarah Ruffcorn - President of Trinity Logistics | #58

We interview Sarah Ruffcorn, President of Trinity Logistics, on the economics of current issues in the trucking industry. Sarah discusses policy issues facing the industry and gives us insights into the relationship between her faith and work!
Nov 25, 201935:22
Menard Family Grant | #57

Menard Family Grant | #57

The crew discusses our newest grant and the opportunities it will provide to Ottawa Students, the University, and the community!
Nov 18, 201935:45
Entrepreneurship with David Price | #56

Entrepreneurship with David Price | #56

We talk with Dr. David Price of Washburn University about his research and experience as an entrepreneur.
Nov 11, 201935:08
Not So Forever 21 | #55

Not So Forever 21 | #55

What can clothing retailer Forever 21's recent bankruptcy tell us about how markets work? How does corporate bankruptcy work? The crew addresses these issues in today's episode! (recorded October 8, 2019) Links Forever 21 Bankruptcy Signals a Shift in Consumer Tastes Forever 21 to Reportedly Save About 60 Stores Slated for Closing
Nov 04, 201930:51
Economics of Prison Gangs | #54

Economics of Prison Gangs | #54

This episode was recorded on September 6th. Justin, Levi, Russ, and Jacob discuss Jacob's blog post (linked below) on the behavior of prison gangs and what they can tell us about our own economic behavior. Economic Understanding of Prison Gangs by Jacob Maichel
Oct 28, 201928:33
Why Socialism Sucks and What to Do About It | #53

Why Socialism Sucks and What to Do About It | #53

We interview Dr. Paul Cleveland regarding socialism and its surging popularity among young adults and teens. Why is socialism appealing to them? What are some effective ways of educating them on the problems with socialism? Show Notes: The Great Utopian Delusion by Clarence Carson, Paul Cleveland, and L. Dwayne Barney Socialism Sucks! by Robert Lawson and Benjamin Powell
Oct 21, 201935:32
Faith and Finance with Wiley Angell | #52

Faith and Finance with Wiley Angell | #52

This week we interviewed Wiley Angell, Senior Portfolio Manager at Ziegler Capital. Wiley discusses his faith, philanthropy, and their connections to his work in finance. 
Oct 14, 201938:34
Professor Hunter Baker on Faith and Politics | #51

Professor Hunter Baker on Faith and Politics | #51

Professor Hunter Baker talks with us about important current issues including the current problems facing Cold War conservative/libertarian fusionism, policy issues related to Big Tech, and the importance of culture in politics. Political Thought: A Student's Guide by Hunter Baker and David S. Dockery
Oct 09, 201946:17
Debate - All Drugs Should be Legal | #50

Debate - All Drugs Should be Legal | #50

Thank you for listening to our 50th episode! This week we share a debate sponsored by the Gwartney Institute featuring Dr. Levi Russell and Dr. Justin Clarke. Should all drugs be legal? After listening to the debate, tell us what you think! info@gwartneyinstitute.org
Sep 30, 201945:59
Faith and Economics of Cooperative Businesses | #49

Faith and Economics of Cooperative Businesses | #49

The crew engages in a wide-ranging discussion of the cooperative business form. History, policy, efficiency, and comportment with Biblical lessons are all discussed. Show notes: Small is Still Beautiful by Joseph Pearce Mondragon Cenex Harvest States Ace Hardware
Sep 23, 201932:57
P.J. Hill on Stewardship of Creation | #48

P.J. Hill on Stewardship of Creation | #48

This week we interviewed Dr. P.J. Hill, Senior Fellow at the Property and Environment Research Center and Professor Emeritus of Economics at Wheaton College. What can economics tell us about being good stewards of God's creation? Dr. Hill's Site
Sep 16, 201929:46
Is Addiction Profitable? | #47

Is Addiction Profitable? | #47

This week we discuss an article review written by Gwartney Institute Graduate Assistant Jacob Maichel for our blog. The article discusses the notion that many modern inventions profit from our addictive impulses and that, allegedly, the profit motive enhances this suboptimal situation. Should we be concerned? What are the moral issues at play? Limbic Capitalism: Article Review
Sep 09, 201930:41
Tech and the Productivity Slowdown | #46

Tech and the Productivity Slowdown | #46

The crew discusses the role of social media and smart phones in the recent decline in labor productivity. Do smart phones provide a net benefit to our productivity or are they partly to blame for reductions in our productivity growth over the past 10 years? Show notes: Labor Productivity Article B.S. Jobs - NPR
Sep 02, 201931:12
Is Economic Value Subjective? | Ep 45

Is Economic Value Subjective? | Ep 45

Professor Justin Clark joins the regular crew to discuss an important philosophical topic: subjectivity in economics. How do philosophers understand the term "subjective" with regard to economics? How do markets play into our ability to apprehend the value of things? Show notes: Why God Has Created Us to Value Different Things - Dr. Anne Bradley
Aug 26, 201934:21
On Tipping with Professor Tony Gill | #44

On Tipping with Professor Tony Gill | #44

We interview Professor Tony Gill about his work on the issue of tipping. Why do people give tips to service employees? Why don't employers just pay them more? How do we understand the morality of the institution of tipping? "The Political Origins of Religious Liberty" by Dr. Tony Gill Brief op ed on Dr. Gill's article Dr. Gill's article on tipping Anti-Tipping video Humanomics - Vernon Smith Vernon Smith Episode
Aug 20, 201935:29
Faith and Economics of Recycling | #43

Faith and Economics of Recycling | #43

The crew discuss the economics and morality of recycling. Is recycling a good idea? Should it be subsidized? Is recycling local-only or does it cross national boundaries? Links: NPR story mentioned by Russ Popular Mechanics article Mises Institute article 1 Mises Institute article 2 China bars U.S. recycling
Aug 12, 201931:24
The USDA's Move to the Heartland | #42

The USDA's Move to the Heartland | #42

The crew discusses the economic and moral implications of the federal government's choice to move the USDA's Economic Research Service and National Institute for Food and Agriculture to the Kansas City area. What does this move mean for USDA-ERS and -NIFA employees? Their work? Will the public benefit from this move?
Aug 05, 201929:05
Cooperation in Evil | #41

Cooperation in Evil | #41

Russ and Levi discuss the difficulty of participation in evil. Is it wrong to buy products from people who do horrible things? If we invest in companies that do bad things, are we guilty of their bad actions? Cooperation in Evil Chart
Jul 29, 201929:25
On the Obligation to Tithe | #40

On the Obligation to Tithe | #40

The crew tackles the issue of tithing from the perspectives of faith, economics, and community. Are Christians obligated to give a tenth of their income? What economic circumstances make giving difficult or easy?
Jul 22, 201926:47
On Jobs and Automation | #39

On Jobs and Automation | #39

The whole crew discusses automation and technological change and how economic policy should address these issues. Tucker Carlson on Ben Shapiro's Sunday Special
Jul 15, 201937:30
Working & Resting on Sunday | #38

Working & Resting on Sunday | #38

Russ, Levi, and Jacyn discuss the prohibition of work on the Sabbath and how we can apply it to our lives. What types of work are prohibited? How should we set economic policy consistent with this commandment? The Sunday Rest video
Jul 08, 201937:34
Reggies Wenyika on His Faith and Zimbabwe's Economy | #37

Reggies Wenyika on His Faith and Zimbabwe's Economy | #37

Russ and Levi interview the President of Ottawa University's home campus on his faith, work, and the history of Zimbabwe. Reggies' charisma and experience as an academic, pastor, and administrator shine through the interview. You will love this one!
Jul 01, 201946:31
Dave Ramsey's Personal Finance | #36

Dave Ramsey's Personal Finance | #36

The whole team has an informative conversation on Dave Ramsey's personal finance philosophy and tactics. Russ, who teaches a personal finance course here at Ottawa University, explains Ramsey's system and the rest of the crew ask questions.
Jun 25, 201942:37
Trump's Trade War with China | #35

Trump's Trade War with China | #35

Note: This episode was recorded on June 3, 2019 Russ and Levi discuss the trade war between President Trump and the Chinese government over the past 9 months. Are tariffs a good idea from a financial and economic perspective? How should we think about the ethical concerns with tariffs from a Christian perspective? CNBC report on tariff impacts
Jun 17, 201929:12
Randall Holcombe on Political Capitalism | #34

Randall Holcombe on Political Capitalism | #34

Russ and Levi interview Dr. Randall Holcombe of Florida State University. Dr. Holcombe discusses the concepts in his recent book Political Capitalism. Do we live in a free market economy? How does the government interact with the profitability of businesses in the U.S.? Check out our interview and Dr. Holcombe's book for more information!
Jun 10, 201942:42
Jim Gwartney on His Faith and Economics | #33

Jim Gwartney on His Faith and Economics | #33

Russ and Levi interview Dr. Jim Gwartney, our institute's namesake. This is a wide-ranging discussion on Jim's life, experience at Ottawa University, and his opinions on the state of the world economy. Common Sense Economics book
Jun 03, 201941:34
Vernon Smith on Adam Smith | #32

Vernon Smith on Adam Smith | #32

Russ and Levi interview Dr. Vernon Smith, winner of the Nobel Prize in Economics in 2002. Dr. Smith discusses his faith and its impact on his views on economics and social behavior.
May 27, 201940:21
Dr. Anne Bradley on Income Inequality | #31

Dr. Anne Bradley on Income Inequality | #31

Dr. Anne Bradley of the Institute for Faith, Work, and Economics joins us to discuss income inequality. What should Christians think about income inequality? Is it a pernicious threat or an inevitable and benign characteristic of a free society?
May 20, 201927:46
Why Not Federalism? | #30

Why Not Federalism? | #30

Russ and Levi discuss the economic and political costs and benefits of federalism in our own time. We draw on the Christian concept of subsidiarity to examine the ethical implications of devolving Federal power to the states!
May 13, 201934:30
Christian Ethics of Tariffs | #29

Christian Ethics of Tariffs | #29

Russ and Levi discuss tariff policy and the costs associated with recent tariffs designed to protect American jobs. How should we evaluate the costs and benefits of tariffs? 
Apr 29, 201933:19
The Universal Destination of Goods | #28

The Universal Destination of Goods | #28

Levi and Russ discuss the concept of the universal destination of goods. What are the limits of property rights? How do we understand moral obligations to help others financially? Show Notes Faith and Economics - Federal Food Programs: Efficiency and Ethics Faith and Economics - Universal Basic Income The Religious Roots of Modern Poverty Policy Lecture by Edward Feser Blog article by Jacyn Dawes
Apr 29, 201930:23
Creighton University Humanomics Event: Adam Smith - Moral Sentiments and the Wealth of Nations | #27

Creighton University Humanomics Event: Adam Smith - Moral Sentiments and the Wealth of Nations | #27

Drs. Maria Pia Paganelli, Derek Yonai, and Michael Thomas join us to discuss Adam Smith's body of work and its implications for the place of economics in social science today.
Apr 22, 201938:42
Government Debt | #26

Government Debt | #26

We dig into the mailbag for this episode! How do economists understand government debt? Can this understanding inform our ethical views of debt? Show Notes: US Debt Clock Dr. Bob Murphy on Intergenerational Debt Burdens
Apr 15, 201935:52
YangBucks | #25

YangBucks | #25

Russ, Levi, and Jacob discuss one of the most popular proposals for a Universal Basic Income. Democrat presidential candidate Andrew Yang's proposed "Freedom Dividend" was recently criticized by the Acton Institute. We provide important commentary on his proposal and Acton's response! Show notes: Acton Institute Blog Post Yang Platform - UBI Universal Basic Income - Faith and Economics Podcast Great Stagnation - Tyler Cowen
Apr 08, 201930:59
Monasticism, Care for the Poor, and Capitalism | #24

Monasticism, Care for the Poor, and Capitalism | #24

We discuss the origins of capitalism in the west. What did early monasteries have to do with it? Were they early entrepreneurs? Show notes: How Caring for the Poor Led to the Beginnings of Capitalism How Progressive is the US Tax Code?
Apr 01, 201931:14
Inflation and Middle Class Life | #23

Inflation and Middle Class Life | #23

We discuss an interesting graph of changes in the cost of products and services over the past few decades. Does the increasing cost of health care and education make a normal, prosperous middle class life more difficult? Does the reduction in cost of other things offset this pernicious effect? Show notes: AEI inflation chart Acton institute blog article From Mutual Aid to the Welfare State by David Beito Atlas MD American Association of Physicians and Surgeons
Mar 25, 201935:23
Democratic Socialism and AOC |#22

Democratic Socialism and AOC |#22

We discuss the notion of Democratic Socialism and its relationship to Christianity. Should Christians embrace Democratic Socialism? Is this political philosophy, advocated by Alexandria Ocasio-Cortex and Bernie Sanders, a coherent way forward?
Mar 18, 201928:45
Economic Freedom and Happiness | #21

Economic Freedom and Happiness | #21

This week we talk with Professor Jeremy Jackson of North Dakota State University about his research on the relationship between economic freedom in the U.S., happiness, and social capital. Are residents of more economically free states happier? Do they form more tight-knit communities? Show notes: Professor Jackson's website Free to be Happy: Economic Freedom and Happiness in US States Economic Freedom and Social Capital
Mar 11, 201933:03
Moral Hazard | #19

Moral Hazard | #19

In this episode, Russ, Jacyn, and Jacob discuss biblical and financial instances of moral hazard, asymmetric information, and "Too Big to Fail." Show notes: Malcolm Gladwell's TED Talk on David and Goliath David and Goliath by Malcolm Gladwell
Feb 25, 201934:29
Is the U.S. a Christian Nation? | #18

Is the U.S. a Christian Nation? | #18

This week we discuss the U.S.'s status as a Christian nation. Russ and Levi agree that it currently isn't but arrive at that conclusion from two different angles. The relationship between economic prosperity and religion is a key component of the discussion. Show notes: Socialism Versus the Family - Edward Feser (lecture) The Myth of Religious Violence - William T. Cavanaugh (book) Interview with William T. Cavanaugh on his book
Feb 18, 201937:02
Economics of David and Goliath | #17

Economics of David and Goliath | #17

We discuss Malcolm Gladwell's unique take on the story of David and Goliath. What can we learn about markets from Gladwell's perspective on this famous story? Show notes Malcolm Gladwell's TED Talk on David and Goliath David and Goliath by Malcolm Gladwell Luigi Zingales on social media antitrust at Free Market Forum
Feb 11, 201935:46
Universal Basic Income | #16

Universal Basic Income | #16

In this episode we discuss the economics and morality of the Universal Basic Income. A Universal Basic Income would guarantee a minimum income to every individual over the age of 21 in the U.S. If you're looking for a brief primer on the subject, listen to this episode! Charles Murray's UBI proposal Text of a debate on UBI between Ed Dolan and Bryan Caplan UBI debate between Bryan Caplan and Will Wilkinson
Feb 04, 201939:55
Economic Freedom Abroad | #15

Economic Freedom Abroad | #15

Jacyn and Dr. McCullough discuss their recent trips abroad to South America and India. Both talk about their experiences in light of the economic freedom (or lack thereof) in the countries they visited!
Jan 28, 201928:02
Kingdom Theology and the Liberal Order | #14

Kingdom Theology and the Liberal Order | #14

In this episode we discuss the implications of the Kingdom of God on politics. Dr. Rachel Ferguson, a philosopher at Lindenwood University, joins us to help us understand the link between Christianity and liberalism. Show notes: Dr. Rachel Ferguson's Website "Jesus of Nazareth" by Pope Benedict XVI "Rerum Novarum" by Pope Leo XIII "The Righteous Mind" by Jonathan Haidt "Why Liberalism Failed" by Patrick J. Deneen
Jan 21, 201958:43
Economic and Moral Considerations for Community Development | #13

Economic and Moral Considerations for Community Development | #13

In this episode we discuss community development and the roles of individuals and governments with Dr. Rebekka Dudensing of Texas A&M University. Show Notes Dr. Dudensing's Website The Little Pink House Documentary What is Community Development? People vs Place-Based Development Who Benefits from State and Local Economic Development Policies? Do Cities Make Us More Productive? (agglomeration discussion) Article: "Propping up the boonies, Atlanta’s thankless burden" Response: "Part 2: A Reply to 'Propping up the Boonies, Atlanta's Thankless Burden'"
Jan 14, 201935:21
Piety as a Barrier to Entry | #12

Piety as a Barrier to Entry | #12

In this episode we discuss the idea that piety - the activities and procedures often practiced by Christians - might be a barrier to entry to Christianity. Some might be put off by these practices and may not want to become Christian because of that. As usual, Dr. Russell takes the opposing view. Show Notes: Bondage of the Will - Martin Luther https://www.amazon.com/dp/B0030N6DIC/ref=cm_sw_r_tw_dp_U_x_za.fCbJADQWH0 Five Proofs for the Existence of God - Edward Feser https://www.amazon.com/dp/B0754MJFMG/ref=cm_sw_r_tw_dp_U_x_pd.fCbGVY6V6G
Jan 07, 201941:25
Opportunity Cost of Keeping the Sabbath Holy | #11

Opportunity Cost of Keeping the Sabbath Holy | #11

Dr. Terry Griffin of Kansas State University talks about his research on the cost farmers incur to attend weekly church services. Dr. McCullough challenges the group to think about physical labor as a way of giving glory to God. Show Notes: The Cost of Being Faithful: What Do Farmers Give Up to Keep the Sabbath? - Rosburg, Griffin, and Coffey https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3286359
Dec 31, 201834:25
Consumerism, Santa, and Christmas | #10

Consumerism, Santa, and Christmas | #10

In this episode we discuss the origins of Santa Claus and the consumerism of the holidays and how we can address it as Christians informed by sound economics. Show notes: Veggie Tales - St. Nicholas, A Story of Joyful Giving https://www.amazon.com/Veggietales-Saint-Nicholas-Joyful-Giving/dp/B002FOFX6U The 5 Love Languages - Gary Chapman https://www.amazon.com/Love-Languages-Secret-that-Lasts-ebook/dp/B00OICLVBI/ref=sr_1_1
Dec 24, 201830:36
Nutritional Insecurity and Poverty | #9

Nutritional Insecurity and Poverty | #9

In this episode we discuss nutritional insecurity and access to food. Our guest, Dr. Brandon McFadden, discusses the state of our knowledge of these issues and how they relate to poverty in the US and abroad. Dr. McFadden fills us in on how we as Christians can help solve food insecurity.
Dec 17, 201833:05
Christianity's Cultural Influence | #8

Christianity's Cultural Influence | #8

We discuss Hugh Whelchel's book "How Then Should We Work" focusing on Whelchel's notion of a "cultural mandate." Should Christians attempt to influence culture? Should we attempt to use the government to influence culture in Christian ways? Hillbilly Elegy, J.D. Vance http://a.co/d/1JJBxLA Arthur Brooks' TED Talk https://www.ted.com/talks/arthur_brooks_a_conservative_s_plea_let_s_work_together How Then Should We Work, Hugh Whelchel http://a.co/d/ahVuoV9
Dec 10, 201825:44
Christianity and Capitalism | #7

Christianity and Capitalism | #7

Russ, Levi, and Jacyn discuss Russ's recent appearance on the Virtue in the Wasteland podcast. Is capitalism compatible with Christianity? What do Millennials and iGen think about this? Can markets be relied on to deliver moral results? Virtue in the Wasteland Episode featuring Russ: http://www.virtueinthewasteland.com/episodes/2018/11/1/ep-311-live-from-here-we-still-stand-2018 Capitalism vs Corporatism: https://www.forbes.com/sites/richardsalsman/2011/12/07/capitalism-is-decidedly-not-corporatism-or-cronyism/#7241f87c65e5 Prof. Adrian Vermeule's Lecture on the Invisible Hand and Morality: https://www.youtube.com/watch?v=lVFc5dnz7Cw Externalities (Potato chips): https://www.youtube.com/watch?v=ljrBEdg-QU4 Contestable Markets: https://www.investopedia.com/terms/c/contestablemarket.asp
Dec 03, 201834:56
Economics of a Call To Work: Be Fruitful and Multiply | #6

Economics of a Call To Work: Be Fruitful and Multiply | #6

In this episode we continue our discussion of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can purchase Hugh's book at the link below. amzn.to/2PGZtBE Contact us: info@gwartneyinstitute.org Note: This is a re-upload of a previous episode after some needed edits were made.
Nov 26, 201839:51
Federal Food Programs: Efficiency and Ethics | #5

Federal Food Programs: Efficiency and Ethics | #5

In this episode we discuss federal food programs and non-profit efforts to alleviate hunger in the U.S. Our guest, Dr. Jeffrey Dorfman, helps us understand the most recent data on the effectiveness of federal food programs. Show notes: Follow our guest on Twitter @DorfmanJeffrey Econtalk Episode on Food Banks http://www.econtalk.org/canice-prendergast-on-how-prices-can-improve-a-food-fight-and-help-the-poor/ Contact us: info@GwartneyInstitute.org
Nov 19, 201835:50
Biblical Success, Economics, and the Culture | #4

Biblical Success, Economics, and the Culture | #4

We discuss the definitions of a successful life and how economics can inform those definitions. We also discuss Christianity's appropriate role in defining the culture. Show notes: Lenore Skenazy's Website http://www.freerangekids.com/ How Then Should We Work? by Hugh Whelchel http://a.co/d/7KhD0H9 Why Liberalism Failed by Patrick Deneen http://a.co/d/ao9TyF4 Milton Friedman and the Ford Pinto https://youtu.be/lCUfGWNuD3c Contact us: info@gwartneyinstitute.org
Nov 12, 201830:27
Poverty vs Poverty of Spirit | #3

Poverty vs Poverty of Spirit | #3

As we are fond of saying here at the Gwartney Institute, Poverty Sucks!. It sucks the life and dignity out of people keeping them from being able to lead lives that flourish. We also have to keep in mind, though, that we are called to poverty of spirit. What does that mean? In this episode we explore this distinction focusing on economic themes such as poverty alleviation and wealth. Show notes: Atlas Shrugged https://amzn.to/2Rw8MFj Into Great Silence https://amzn.to/2OlX6Tk Contact us: info@gwartneyinstitute.org
Nov 05, 201831:41
The Economics of Common Grace vs Saving Grace | #2

The Economics of Common Grace vs Saving Grace | #2

In this episode we continue our discussion of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can purchase Hugh's book at the link below. amzn.to/2PGZtBE Contact us: info@gwartneyinstitute.org
Oct 31, 201832:49
Shopping Religions? Economics of Checking Out Christianity First | #1

Shopping Religions? Economics of Checking Out Christianity First | #1

In this episode we discuss the first part of "How Then Should We Work" by Hugh Whelchel of the Institute for Faith, Work, and Economics. You can purchase Hugh's book at the link below. https://amzn.to/2PGZtBE Contact us: info@gwartneyinstitute.org
Oct 29, 201840:28