45:09

Dec 26, 2022

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

43:10

Dec 19, 2022

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

45:52

Dec 12, 2022

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

37:58

Dec 5, 2022

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!

46:56

Nov 28, 2022

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! 

32:22

Nov 21, 2022

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

41:29

Nov 14, 2022

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

36:05

Nov 7, 2022

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

39:47

Oct 31, 2022

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  

32:46

Oct 24, 2022

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

36:54

Oct 17, 2022

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

40:46

Oct 10, 2022

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/

28:57

Oct 3, 2022

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! 

39:00

Ep. 20 Sep 29, 2022

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?

37:37

Sep 26, 2022

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

33:23

Sep 19, 2022

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

40:30

Sep 12, 2022

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

37:37

Sep 5, 2022

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

39:17

Aug 29, 2022

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

43:07

Aug 22, 2022

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

37:54

Aug 15, 2022

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

38:32

Aug 8, 2022

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

45:07

Aug 1, 2022

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

37:16

Jul 25, 2022

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

30:30

Jul 18, 2022

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

40:31

Jul 11, 2022

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

38:02

Jul 4, 2022

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

36:32

Jun 27, 2022

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

36:07

Jun 20, 2022

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

38:00

Jun 13, 2022

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!! 

35:38

Jun 6, 2022

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

39:00

May 30, 2022

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" 

38:44

May 23, 2022

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

30:39

May 16, 2022

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! 

43:10

May 9, 2022

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 

32:33

May 2, 2022

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

44:19

Apr 25, 2022

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

34:49

Apr 18, 2022

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   

35:25

Apr 4, 2022

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!