.
@AndrewYang
on why the U.S. needs a universal basic income: "We are the owners and shareholders of the most wealthy and advanced society in the history of the world. This is a dividend for us."
.
@AndrewYang
on why he’s an atypical Democratic politician: “There's a mistrust of people in the Democratic Party that I frankly don't understand, because I feel like people are the point.”
This week’s episode includes our Jan. 2019 interview with then-unknown presidential candidate
@AndrewYang
as well as a new interview with the leader of the
#YangGang
:
As a candidate for president,
@AndrewYang
ran on a platform whose signature policy was a universal basic income ($1k/month for every adult). Covid-19, he says, has made U.B.I. a necessity, right now.
As a candidate for president,
@AndrewYang
ran on a platform whose signature policy was a universal basic income ($1k/month for every adult). Covid-19, he says, has made U.B.I. a necessity, right now.
For 10+ years, we’ve been exploring the hidden side of everything, from the economics of sleep to the costs of noise, and everything in between. And starting tonight, every one of our nearly-450 episodes will be available on all podcast apps. Happy New Year!
With a $21 trillion economy on the line,
@AndrewYang
says the biggest danger is not doing enough: “You’re looking at $4 or $5, $6 trillion over time to help dig us out of what could be another Great Depression.”
Starting tomorrow night, our archive of nearly 450 episodes will be available for free on all podcast apps. 10+ years of upending conventional wisdom on just about everything — sports, politics, science, art, medicine and more.
Mike Pence says: "Christianity now faces an exodus in the Middle East unrivaled since the days of Moses."
But: Christianity came into existence roughly 1,500 years AFTER "the days of Moses."
So: he's not technically wrong, quite. But a bit ahistorical, no?
COVID-19 is spurring so much behavior change (in hygiene, work habits, public gathering, etc.) that it will likely launch a million academic studies that use the outbreak as a natural experiment. Any predictions about what kind of results we'll see?
For 10+ years we’ve been exploring the hidden side of everything, from the economics of sleep to the costs of noise, and everything in between. And starting Sunday, Jan. 17th, every one of our nearly-450 episodes will be available on all podcast apps. Happy New Year!
A listener just wrote to tell us that he's started a podcast club, just like a book club, but instead of coming together once a month to talk about a book they've all read, they discuss a specific podcast episode. Nice idea! Have you all heard of this practice?
We are thinking about a new podcast devoted to just books + author interviews: what think? Also: book suggestions? Also: suggestions for the name of this podcast?
Millions are out of work, with some jobs never coming back. We speak with four economists — and one former presidential candidate — about the best policy options and the lessons (good and bad) from the past.
“Do we think that what's been happening has been working? If you think it's been working great, I might not be the candidate that you want. But if you think that we could genuinely use a change, I think I'm a great bet.” —
@AndrewYang
on this week’s ep:
In the American Dream sweepstakes,
@AndrewYang
was a pretty big winner. But for every winner there are thousands of losers — a “war on normal people,” he calls it. So he decided to run for president and do something about it.
Hey Freak Radio listeners: how interested would you be in hearing a series about the economics of the airline industry? What specifically would you like to learn? Thanks!
Professor
@JoBoaler
says math curriculum needs an update. She says math teachers used to joke that “you’re never going to be walking around with a calculator in your hand.” And now? “Turns out everybody’s walking around with a calculator in their hand.”
Students underestimated — by 64% — how long it would take to write their theses, according to a study. They're not alone. Stockbrokers, electrical engineers, doctors, holiday shoppers... we all fall prey to the “planning fallacy.”
"If you paid for an expensive dessert and after 1 bite you were full, but you remember how much you paid for it — then you are failing to follow the economist’s advice of ignoring that $, because eating it doesn’t get the $ back." —
@R_Thaler
on sunk costs.
Economist
@DarrickHamilton
says the racial wealth gap may have begun with slavery but is the result of compounding historical factors: “There was the Homestead Act. There was the GI Bill. There was a system of sharecropping. There’s a system of Jim Crow.”
I happen to know three people who recently left their main careers (all of them long and successful careers) to teach high school math. Is this a story worth exploring on Freakonomics Radio or is it just a small, bland coincidence?
Well-educated people who consume a lot of information tend to hold disproportionately extreme views, apparently because they’re really good at seeking out information that confirms their position and ignoring information that might run counter.
Most high-school math classes are still preparing students for the Sputnik era. Steve Levitt wants to get rid of the “geometry sandwich” and instead have kids learn what they really need in the modern era: data fluency.
This week’s episode includes our Jan. 2019 interview with then-unknown presidential candidate
@AndrewYang
as well as a new interview with the leader of the
#YangGang
:
How to fix U.S. politics?
1. Non-partisan, single-ballot primaries.
2. Ranked-choice voting.
3. Non-partisan redistricting (a.k.a.: no gerrymandering).
After 8 years and more than 300 episodes, it was time to either 1) quit, or 2) make the show bigger and better. We voted for number 2. Here’s a peek behind the curtain and a preview of what you’ll be hearing next.
Passed along by a (German) reader who enjoyed our "Upside of Quitting" chapter in "Think Like a Freak":
"Ein Ende mit Schrecken ist besser als Schrecken ohne Ende."
Translation:
"A dreadful end is better than endless dread."
"Empathy is only developed through your life's experience. It is going to make you a more effective parent, a more effective colleague, and a more effective partner." —
@satyanadella
on the importance of empathy.
A “rogue IT person” at
@PennMedicine
changed the default on electronic prescriptions to generic drugs, saving $32 million. That inspired the hospital to create
@PennNudgeUnit
, the world’s first behavioral-design team embedded in a healthcare institution.
“London is a city that can vote for the son of an immigrant, with working-class parents, who is not just an ethnic minority but a Muslim, at a time of the greatest amount of Islamophobia the Western world has seen.” — Mayor
@SadiqKhan
.
@AndrewYang
wants America to “think harder” and has parlayed his quixotic presidential campaign into front-runner status in New York’s mayoral election. And he has some big plans.
"If you paid for an expensive dessert and after 1 bite you were full, but you remember how much you paid for it — then you are failing to follow the economist’s advice of ignoring that $, because eating it doesn’t get the $ back." —
@R_Thaler
on sunk costs.
@AndrewYangVFA
on why the U.S. needs a universal basic income of $1,000/month to each and every American adult 18–64: "We are the owners and shareholders of the most wealthy and advanced society in the history of the world. This is a dividend for us."
An estimated 12 people die each day in the U.S. waiting for a life-saving kidney transplant. But there’s an abundant supply of spare kidneys. Find out how a Nobel Prize-winning economist has improved patients’ chances of getting one.
If 90% of all the world's data was created in the past two years, then why aren't we teaching data literacy in schools?
Take a look at this video narrated by
@StevenDLevitt
about why America's math curriculum needs to change...and what it can look like.
In the spirit of our recent series on the economics of whaling, a listener has suggested we do a series on the economic history of beer. Thumbs up or down? If up, what would you be most excited to learn, and who would you want to hear from? All story ideas welcome. Thanks!
Happy 2021! In 2020, Freakonomics Radio had 100 million downloads. If you listened to one (or more), thank you! This will be an even bigger year for the Freakonomics Radio Network.
A million thanks (actually, 37 million) to everyone who listens to and helps create Freakonomics Radio. Our last quarter was our best ever, by a long shot:
80% of
#TraderJoes
products are private-label (store brands), but but they often look and taste nearly identical to brand-name foods. Why? Because many are, in fact, made by the very same name brands.
“People start out with an emotional commitment to a certain idea,” says
@FukuyamaFrancis
, “and then they use their formidable cognitive powers to organize facts to support what they want to believe anyhow.”
Why schools don’t produce creative thinkers: “What we need to do is to focus more on trying to assess the things we value, rather than valuing the things that are most easily assessed.” —
@mres
.
8.8 million people work in retail in the U.S., making ~$12/hour. This week,
@AndrewYangVFA
asks, when 30% of malls close in the next 4 years, what is their next opportunity going to be?
What would you most like to know about blockchain, cryptocurrencies, and NFTs? (Also, would you like to learn all this in one episode, two, or even three?)
In the American Dream sweepstakes,
@AndrewYangVFA
was a pretty big winner. But for every winner there are thousands upon thousands of losers — a “war on normal people,” he calls it. So he decided to do something about it.
To a Brazilian cattle rancher, clearing a hectare of Amazon forest boosts its value — to about $1k. But preserving that land is worth $28k to the global economy, for the carbon it holds. And that’s not even putting a value on biodiversity or tourism.
The book "Influence: The Psychology of Persuasion," by Robert Cialdini, is one of the most — well, influential, books of the modern era. A revised edition is about to be released. Whether you've read it or not, what's the one question you'd like to hear Cialdini answer?
Engineer James
@Dyson
made 5,127 prototypes of his vacuum before it was ready for market. That meant 5,126 failures. “It's almost slightly disappointing when it does work, because then you've got to get on to something else.”
How to fix U.S. politics?
1. Non-partisan, single-ballot primaries.
2. Ranked-choice voting.
3. Non-partisan redistricting (a.k.a.: no gerrymandering).
Robert Cialdini, pioneer in the science of persuasion, just published an expanded edition of his classic 1984 book “Influence”. This week, he gives a master class in the 7 psychological levers that lead us to buy, behave, or believe without a 2nd thought.
Please help us give away some money!
In the spirit of the season, we're giving away five $100 charity gift cards
Retweet this message between now and 2pm ET. We'll randomly pick 5 people to send a card, which can be applied to nearly any charity
Wishing you peaceful holidays!
Students underestimated — by 64% — how long it would take to write their theses, according to a study. They're not alone. Stockbrokers, electrical engineers, doctors, holiday shoppers... we all fall prey to the “planning fallacy.”
Well-educated people who consume a lot of information tend to hold disproportionately extreme views, apparently because they’re really good at seeking out information that confirms their position and ignoring information that might run counter.
#MBA
students tend to “get over-excited about the big-picture, sexy stuff of long-term strategy and skip over the small details [of operations], which turn out to be critically important."