Words & Numbers
Words & Numbers
Free the People
Words & Numbers is one of the highest-rated economics podcasts in the world. Each episode, Antony Davies and James R. Harrigan dig into economics, political science, and current events to explain what’s actually happening and why it matters.
Episode 524: The Ratchet Effect
Ant and James dissect the constant involvement of government in "emergencies," which seem to happen once a decade. For some reason.0:00 Introduction and Episode Preview0:50 The Ig Nobel Prize: Are Rich People More Selfish?5:13 Rising Oil Prices and the Real Cost of Policy Decisions7:20 Trump’s $5,000 Checks and the Inflation Problem10:22 The Lindsay Clancy Trial and a Bizarre Jury Split12:22 Foolishness of the Week: A Five-Year-Old, a Pond, and CPS15:32 Foolishness of the Week: Punished for Stopping a Mass Shooter18:17 The Affordability Crisis and Government Intervention19:58 The Ratchet Effect: Why Government Power Never Shrinks21:15 From the Great Depression to COVID: A Century of Expanding Government24:14 The 2030s: Social Security and the Coming Wealth Tax25:50 The 2040s: The Debt Crisis and a Digital Dollar32:27 The 2050s: Population Decline and Universal Basic Income34:11 How Temporary Government Powers Become Permanent35:27 Socialism, the Berlin Wall, and North vs. South Korea40:11 Social Security Insolvency and America’s Growing Debt42:11 Property Taxes, Ownership, and the Erosion of Economic Freedom47:01 How Young People Can Prepare for Social Security’s Future50:21 Retirement Savings and the Coming AI Bubble54:32 AI Regulation, Government Protection, and the Ratchet Effect
Sep 17
57 min
Episode 523: It’s Always 9/11
Ant and James reflect on 9/11, both the day and its legacy.0:00 Introduction and Episode Preview0:24 Citizens United, Super PACs, and Money in Politics6:48 Corporate Donations, Trump, and Political Influence10:50 AI Is Putting an Entire Industry Out of Business13:56 AI, College Cheating, and the Future of Education17:28 Foolishness of the Week: Trump Threatens to Halt Trade20:48 Why Trade Deficits Aren’t What Politicians Think22:24 25 Years Later: Remembering 9/1125:25 Where We Were When the Attacks Happened29:03 How 9/11 Changed America Overnight31:39 Fear, Terrorism, and the Wars That Followed 9/1134:22 How 9/11 Changed the Nature of War35:17 The War on Terror and America’s “Wars on Nouns”42:28 TSA, Security Theater, and the Post-9/11 Surveillance State44:30 The Militarization of American Law Enforcement46:06 Did Americans Trade Freedom for Security?48:31 Fear, Crime, and the Lasting Legacy of 9/1150:32 Closing Thoughts: Have Some Charity in Your Heart
Sep 10
54 min
Episode 522: Disinteresting Rates
What's the deal with bonds and interest rates? Find out on Words & Numbers, where we will use both words and numbers to get to the bottom of things.0:00 Introduction and Episode Preview0:42 Free Speech and the First Amendment7:45 Rutgers Dean Caught Recording Students09:55 Renaming the Great Lakes “Lake America”11:41 Foolishness of the Week: George Santos Gets Banned From Kalshi14:27 Is the Government Running Out of Places to Borrow?20:24 Why Treasury Investors Are Demanding Higher Returns22:10 The Federal Debt and the Interest Rate Spiral24:06 Can the Government Tax Its Way Out of the Deficit?26:24 Will the Government Eventually Monetize the Debt?27:43 The Federal Reserve vs. the Treasury33:05 Scott Bessent’s Plan to Push Interest Rates Down36:42 Is the Treasury Gambling on Short-Term Debt?41:37 Is the Treasury Trying to Conduct Monetary Policy?44:38 Are We Seeing the Beginning of a U.S. Debt Crisis?49:03 Can Social Security Force Congress to Confront the Debt?51:35 Closing Thoughts: Find an Excuse to Be Nice
Sep 3
53 min
Episode 521: A Priest Walks Into a Podcast
A priest shows up. Antony doesn’t confess, James doesn’t convert, but they all talk about human dignity.Checkout Fr. James Martin, SJ 's book, 'Work in Progress.'https://www.amazon.com/dp/00626944800:00 Introduction and Overview0:29 The Ultimate Quiet Quitting Story4:32 Scott Bessent’s $950 Billion Bond Buyback Plan8:05 Is the Treasury Conducting Its Own Monetary Policy?12:14 Foolishness of the Week: American Airlines Does It Again16:57 Father James Martin on Pope Leo, AI, and Human Dignity20:50 What Happens When AI Meets Humanlike Robots?22:48 AI, Loneliness, and Replacing Human Relationships24:57 Can Free Markets Serve the Common Good?29:22 Property Rights, Poverty, and the Role of the Church34:53 Who Gets to Define the “Common Good”?36:17 Subsidiarity, Data Centers, and Local Decision-Making41:18 Human Rights vs. Human Flourishing43:38 Wealth, Profit, and the Morality of Capitalism48:00 What Did Jesus Mean by “The Poor Will Always Be With You”?51:22 Individual Charity vs. Community Responsibility55:15 Social Media, Human Dignity, and the Loss of Community1:00:09 Father James Martin’s Work in Progress
Aug 27
1 hr 2 min
Episode 520: The Death of Data
When government statistics are under question, it gets pretty hard to know what the hell is actually going on.00:00 Introduction and Episode Preview00:32 Civil Disobedience, Crime, and Flock Cameras06:17 License Plate Tracking and the Surveillance State10:52 Rising Treasury Yields and Federal Borrowing12:20 Surge Pricing, Markets, and Government Intervention15:48 Monopolies, Standard Oil, and De Beers20:01 Foolishness of the Week: Trump Tariffs on Brass Instruments24:02 The Death of Reliable Government Data27:00 Why Politicizing Economic Data Matters30:21 Immigration Data, Jobs, and the Economy33:01 Immigration and Social Security36:39 Migrant Workers, Business Planning, and Regulation41:39 Why Reliable Data Keeps Prices Lower44:06 Final Thoughts on Kindness and Grace
Aug 20
47 min
Episode 519: Of Course Clark is Right
Clark Neily joins us once again, this time to discuss the thorny matter of constitutional interpretation.00:00 Introduction and Overview00:26 TSA Phone Searches and the Right to Privacy06:26 The University of Michigan Abandons Traditional Grades10:31 Foolishness of the Week: Transgender Athletes and the WNBA18:48 Clark Neily on How to Read the Constitution21:54 Originalism vs. Textualism27:02 Applying the Constitution to Modern Technology30:31 Wiretapping, Smartphones, and the Fourth Amendment33:06 Constitutional Rights at the Border36:54 What the Constitution Really Means by a “Jury”40:22 Original Meaning and the Second Amendment50:01 The Right to Bear Arms and Resisting Government57:36 Equal Protection and the Fourteenth Amendment01:09:49 How Far Does the Second Amendment Go?01:13:35 What Does It Mean to “Infringe” a Right?01:25:14 The Forgotten Privileges or Immunities Clause01:27:07 Closing Thoughts
Aug 13
1 hr 31 min
Episode 518: Potluck
This week Ant and James seem not to have much of a point, but that's never stopped them before, and it sure didn't stop them this week.00:00 Introduction and Episode Preview00:24 Caleb Hammer, Personal Finance, and Economic Hypocrisy05:13 Thomas Jefferson, Hypocrisy, and Judging Ideas vs. People10:00 Political Tribalism and Why People Stop Thinking Critically14:46 Government Ownership of Corporations and Modern Socialism20:51 Gas Prices, Oil Company Profits, and Government Taxes26:43 Foolishness of the Week: The Reflecting Pool Fiasco31:28 The 2028 Election, JD Vance, Marco Rubio, and John Fetterman33:48 Russia’s Nuclear Threats and the War in Ukraine41:35 China, Population Collapse, and the Future of Global Power49:18 Closing Thoughts
Aug 9
50 min
Episode 517: A Cornucopia of Foolishness
All foolishness all the time, with the connoisseur of foolishness himself, Wes Westmoreland.00:00 Introduction00:43 American Airlines Travel Horror Stories06:25 Is the GOP Becoming Socialist?12:34 Goldfish Rights, Animal Rights, and Ethical Contradictions17:03 Tim Walz’s “Gender Dolls” for Children20:32 Crossbow Mishap at the County Fair22:07 Zohran Mamdani, Grocery Stores, and Reparations24:16 Democrats, Republicans, and the 2026 Midterms29:57 Iran, Endless Wars, and Foreign Policy Failures34:05 Anthony Fauci Takes the Fifth 111 Times41:46 Final Thoughts and Closing Remarks
Jul 31
44 min
Episode 516: Save Our Children! | Guest: London River
The adult entertainment industry has been sounding the alarm about the erosion of our rights for years. Adult actress London River joins us to explain.00:00 Introduction and Episode Preview00:43 Zohran Mamdani’s Housing Proposal and Rent Control03:44 Foolishness of the Week: Do Goldfish Have Rights?07:51 Introducing London River09:55 The SAVE Act and Online Age Verification11:35 Why Adult Websites Oppose ID Verification13:26 Parents, Government, and Protecting Children Online17:55 Privacy, Databases, and the Future of the Internet20:23 Is Age Verification a First Amendment Issue?24:01 Free Speech, the Second Amendment, and Government Overreach26:02 Supreme Court Rulings on Online Speech29:14 Why the Adult Industry Is the “Canary in the Coal Mine”31:29 Defending Free Speech Before It’s Too Late35:47 Soft Authoritarianism and Expanding Government Power38:13 Final Thoughts and Closing Remarks
Jul 23
40 min
Episode 515: Government’s Footprint
What do population growth rates and movement among the states have to do with one another? More than you might think.00:00 Introduction and Episode Preview00:56 Thomas Massie on Congress and Presidential Power03:34 A Promising New Alzheimer’s Treatment07:03 Foolishness of the Week: California’s Town Council Refuses to Leave Office08:40 America’s Population Slowdown and Why It Matters11:03 Immigration, Social Security, and Demographic Challenges12:11 States Competing for Residents17:19 Technical Difficulties17:55 Does Bigger Government Lead to Better Outcomes?20:20 Why Americans Are Leaving High-Tax States23:26 Government Growth, Incentives, and Long-Term Stability26:19 Immigration, Welfare, and Population Policy28:38 Remote Work Is Reshaping State Economies30:36 Competition Between States and the Future of America31:51 Final Thoughts and Closing Remarks
Jul 16
32 min
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