Simply Economics

Economist Deirdre McCloskey on Small States and Individual Freedom, Market Outlook for Next Week

Renowned economist Deirdre McCloskey shares her perspective on the power of small states and individual freedom. Plus, a market outlook for next week, including the key factors of a rate cut, FIIs, and economic data. Also, retailers report resilient consumer spending despite economists predicting a slowdown. And, a grocer-turned-House GOP member denounces Kamala Harris' price control scheme.Sources:https://english.elpais.com/economy-and-business/2024-08-25/deirdre-mccloskey-economist-big-states-prevent-people-from-growing.htmlhttps://pune.news/business/market-outlook-rate-cut-fiis-and-economic-data-key-factors-for-next-week-218973/https://www.investopedia.com/retailers-say-consumer-spending-still-strong-economists-predict-slowdown-8696584https://nypost.com/2024/08/24/us-news/grocer-turned-house-gop-member-denounced-kamala-harris-price-control-plan/Outline:(00:00:00) Introduction(00:00:44) Deirdre McCloskey, economist: ‘Big states prevent people from growing’(00:02:47) Market Outlook: Rate cut, FIIs and economic data key factors for next week(00:05:33) Economists Have Been Predicting A Spending Slowdown—These Retailers Don't See It(00:07:53) Grocer turned House GOP member denounced Kamala Harris price control...

Harris Proposes Price Gouging Ban, Maui Director Placed on Leave

Vice President Kamala Harris wants to ban price gouging to curb food inflation, but food companies are pushing back. Meanwhile, the Director of Economic Development for Maui County has been placed on leave pending an investigation into potential conflicts of interest. Stay informed about the clash between government intervention and market dynamics in the food industry, and the importance of transparency and accountability in government administration.Sources:https://www.mprnews.org/story/2024/08/23/harris-wants-to-ban-price-gouging-to-curb-food-inflation-food-companies-are-pushing-backhttps://www.hawaiinewsnow.com/2024/08/23/embattled-director-maui-office-economic-development-placed-leave/https://www.salon.com/2024/08/23/elizabeth-warren-cuts-off-cnbc-hosts-patronizing-economics-lecture/https://www.salon.com/2024/08/23/elizabeth-warren-cuts-off-cnbc-hosts-patronizing-economics-lecture/Outline:(00:00:00) Introduction(00:00:38) Harris wants to ban price gouging to curb food inflation; food companies are pushing back(00:02:23) Embattled director for Maui Office of Economic Development placed on leave(00:04:55) Elizabeth Warren cuts off CNBC host's patronizing economics "lecture"(00:05:26) Elizabeth Warren cuts off CNBC host's patronizing economics "lecture"

Challenges in Shipbuilding Industry, Mark Cuban Supports Kamala Harris, Economic Deterioration in Argentina, Gold Dips Below $2,500

Shipbuilding economics do not work in America's favor. Mark Cuban likes Kamala Harris' push for healthcare transparency but wants to see more about crypto. Economic activity deteriorates in June in Argentina. Gold dips below $2,500 ahead of key U.S. economic data and Fed speech. Stay informed about the challenges in the shipbuilding industry, the support for Kamala Harris from Mark Cuban, the economic situation in Argentina, and the dynamics of the gold market in this episode of Simply Economics.Sources:https://splash247.com/shipbuilding-economics-do-not-work-in-americas-favour/https://www.businessinsider.com/how-kamala-harris-can-attract-ceo-business-leaders-mark-cuban-2024-8https://www.focus-economics.com/countries/argentina/news/economic-activity/argentina-economic-activity-21-08-2024-economic-activity-deteriorates-in-june/https://www.jpost.com/business-and-innovation/precious-metals/article-815945Outline:(00:00:00) Introduction(00:00:39) Mark Cuban likes Kamala Harris' push for healthcare transparency — but he wants to see more from her about crypto(00:02:54) Economic activity deteriorates in June(00:05:09) Gold Dips Below $2,500 Ahead of Key U.S. Economic Data and Fed Speech

Ethics Investigation on Maui, Kamala Harris’s Economic Vision, Jobs Data Revision

Maui's economic development director placed on paid leave pending ethics investigation. Can Kamala Harris help boost the world's largest economy? How Kamala Harris's proposed economic policies could impact Colorado. Steep jobs data revision sparks concerns about the economy and political dynamics.Sources:https://www.civilbeat.org/2024/08/maui-economic-development-director-placed-on-paid-leave-pending-ethics-investigation/https://www.aljazeera.com/program/counting-the-cost/2024/8/22/can-kamala-harris-help-boost-the-worlds-largest-economyhttps://www.9news.com/article/news/politics/kamala-harris-economic-policies-colorado/73-cecd40fc-f299-4564-8a53-b4043bd4f516https://thehill.com/newsletters/business-economy/4840319-steep-jobs-data-revision/Outline:(00:00:00) Introduction(00:00:42) Maui Economic Development Director Placed On Paid Leave Pending Ethics Investigation(00:03:32) Can Kamala Harris help boost the world’s largest economy?(00:06:52) How Kamala Harris' proposed economic policies could impact Colorado(00:09:30) Steep jobs data revision

Kentucky’s Economy Shows Strength Amid Rising Unemployment, Researchers Warn of Looming Economic Catastrophe in Russia

New economic data reveals continued signs of strength in Kentucky's economy, despite rising unemployment. Meanwhile, researchers issue a stark warning about Russia's economic future. Plus, Kamala Harris proposes a plan to tackle inflation through price gouging regulations, and Bernie Sanders outlines a policy agenda more liberal than Harris'.Sources:https://kychamberbottomline.com/2024/08/20/new-economic-data-shows-continued-signs-of-strength-in-kentuckys-economy-despite-rising-unemployment/https://www.businessinsider.in/policy/economy/news/russias-economic-growth-is-masking-a-looming-economic-catastrophe-researchers-say/articleshow/112663417.cmshttps://www.cbsnews.com/news/kamala-harris-dnc-economic-plan-price-gouging-ban-inflation/https://www.cnbc.com/2024/08/20/bernie-sanders-dnc-speech-harris-liberal.htmlOutline:(00:00:00) Introduction(00:00:46) New economic data shows continued signs of strength in Kentucky’s economy, despite rising unemployment(00:03:06) Russia's economic growth is masking a looming 'economic catastrophe,' researchers say(00:06:03) Kamala Harris wants to ban price gouging to tackle inflation. Here's how economists rate her plan.(00:08:47) Bernie Sanders outlines policy agenda more liberal than Harris' plan. That could help her

Consumer Habits as Economic Indicators, Trump’s Pledge on Power Plant Emissions

Discover how everyday habits can provide clues about the state of the economy. Former President Donald Trump pledges to abolish a Biden administration rule on power plant emissions. Plus, the potential implementation of federal price controls on groceries sparks a heated debate. Explore the connection between consumer behavior, energy policies, and the economy in this episode.Sources:https://www.fox26houston.com/news/consumers-can-have-own-habits-show-how-think-economy-is-doinghttps://nypost.com/2024/08/19/us-news/trump-pledges-to-abolish-epa-rule-on-power-plant-emissions-kamala-is-on-a-regulatory-jihad/https://www.fox26houston.com/news/consumers-can-have-own-habits-show-how-think-economy-is-doinghttps://www.foxnews.com/politics/chicago-grocery-owner-skeptical-harris-gouging-plan-what-exactly-we-trying-controlOutline:(00:00:00) Introduction(00:00:37) Is the economy slowing down? Clues hidden in everyday habits(00:03:50) Trump pledges to abolish EPA rule on power plant emissions: ‘Kamala...(00:04:55) Is the economy slowing down? Clues hidden in everyday habits(00:07:55) Chicago grocery owner skeptical of Harris 'gouging' plan: 'What exactly are we trying to control?'

Oil Prices Dip on Weak Chinese Data, Thailand’s Economy Shows Encouraging Trends

Oil prices dip due to weak Chinese economic data. Thailand's economy exhibits encouraging trends. Plus, Goldman Sachs revises US recession probability after strong economic data. Also, a thought-provoking article on who should implement monetary policy.Sources:https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Dip-on-Weak-Chinese-Economic-Data.htmlhttps://www.thailand-business-news.com/economics/157037-thailands-economy-exhibits-encouraging-trendshttps://www.kaohooninternational.com/economics/543354https://www.econlib.org/should-monetary-policy-be-implemented-by-economists/Outline:(00:00:00) Introduction(00:00:39) Oil Prices Dip on Weak Chinese Economic Data(00:02:40) Thailand's Economy Exhibits Encouraging Trends(00:04:42) Goldman Sachs Revises US Recession Probability Back to 20% after Strong Economic Data(00:08:05) Should monetary policy be implemented by economists?

Urban Life and Economic Satisfaction, Sanders Supports Harris’s Economy Agenda

Study reveals lower well-being and economic satisfaction in urban areas. Bernie Sanders applauds Kamala Harris's 'strong, progressive' economy agenda. Plus, media outlets criticize Harris's price control plan and Mark Cuban backs her economic plan.Sources:https://www.forbes.com/sites/anuradhavaranasi/2024/08/17/study-urban-life-linked-to-lower-well-being-and-economic-satisfaction/https://thehill.com/homenews/senate/4832472-bernie-sanders-kamala-harris-economic-agenda-2024/https://www.foxnews.com/media/cracks-wall-media-praise-harris-multiple-outlets-eviscerate-vp-over-price-control-planhttps://timesofindia.indiatimes.com/world/us/shark-tank-judge-mark-cuban-backs-democrat-kamala-harris-economic-plan/articleshow/112599379.cmsOutline:(00:00:00) Introduction(00:00:41) Study: Urban Life Linked To Lower Well-Being And Economic Satisfaction(00:03:46) Sanders applauds Harris’s ‘strong, progressive’ economy agenda(00:05:59) Cracks in the wall of media praise for Harris? Multiple outlets eviscerate VP over price control plan(00:09:00) Shark Tank judge Mark Cuban backs Democrat Kamala Harris' economic plan

Kamala Harris’s Housing Plan, Battleground State Voters’ Trust, and Washington Post Criticism

Kamala Harris unveils a bold housing proposal to address America's housing shortage. New polling reveals voter trust on the economy in battleground states. The Washington Post criticizes Harris's economic proposals. Get comprehensive coverage on these important topics and their potential impact on the housing crisis and the 2024 presidential election.Sources:https://www.businessinsider.com/kamala-harris-unveils-housing-proposals-yimby-economic-agenda-experts-2024-8https://www.cnn.com/2024/08/16/politics/video/battleground-states-polling-voters-trust-economy-harris-trump-enten-ac360-digvidhttps://thehill.com/homenews/4832358-washington-post-kamala-harris-economic-plan/https://thehill.com/homenews/4832358-washington-post-kamala-harris-economic-plan/Outline:(00:00:00) Introduction(00:00:42) Kamala Harris is going full YIMBY — and housing experts are optimistic(00:03:59) New polling shows who battleground state voters trust more on the economy(00:04:39) Washington Post hits Harris over ‘populist gimmicks’ in economic proposal(00:06:38) Washington Post hits Harris over ‘populist gimmicks’ in economic proposal

Labour’s Modern Supply-Side Economics, UK Retail Sales Data, US Stocks Soar, and Oil Prices Rise

Can Labour fix Britain using modern supply-side economics? Get insights into the UK retail sales data and the impact on the economy. US stocks end higher after strong retail sales data. Oil prices set for weekly gains on renewed enthusiasm around the US economy.Sources:https://www.theguardian.com/business/article/2024/aug/16/can-labour-fix-britain-modern-supply-side-economicshttps://www.rttnews.com/3469485/european-economic-news-preview-uk-retail-sales-data-due.aspxhttps://finance.yahoo.com/video/us-stocks-end-higher-strong-223824111.htmlhttps://finance.yahoo.com/news/oil-prices-set-weekly-gains-005621415.htmlOutline:(00:00:00) Introduction(00:00:39) ‘A big ask’: can Labour fix Britain using modern supply-side economics?(00:03:16) European Economic News Preview: UK Retail Sales Data Due(00:05:54) US stocks end higher after strong retail sales data(00:08:46) Oil prices set for weekly gains on renewed enthusiasm around US economy