In today's episode we will be exploring the recent SVB collapse, its cause, and the future implications.

In today's episode, we will discuss the new era that is emerging in the post-neoliberal world and its economic implications. 

Today, we are going to talk about inflation, tightening, rate hikes, and the possibility of a global recession. We are going to focus on this week's FED news, new data, and the approaches that should be implemented to fight inflation among other topics of this complex equation. 

WAS DROPPING THE GOLD STANDARD A MISTAKE?

Gold is up. Inflation. People are worried about the value of paper money. Once upon a time a few decades ago, there was a thing called the gold standard: a promise. If you had a dollar, you could take it to the government any time you want, and trade it in for a fixed amount of gold. In today's episode, we will see why it was dropped, its pros, and cons.

Historical reference source: https://youtu.be/3_ex0sTsb_I

In this episode, we will be focusing on a Developing country: Mexico. More specifically, we will be analyzing its path to growth, its development, its strategies, its successes, and its barriers or failures. It is a nice complementary episode to our series about the Greek financial crisis as many macroeconomic theories and evaluations can be applied to every country, including Greece

In today's episode, we have invited Eric Mason. We will be talking about the current state of the labor market given the decline in GDP growth and asking other questions like his take on the optimal minimum wage. He is a practicing labor economist, who currently works as a chief economist in local government. His area of research focuses primarily on small business and macroeconomics trends and he has a special interest in historical economics and cliometrics. 

In today's episode, we will be talking about the benefits and disadvantages of privatizations in the series about the greek financial crisis and the multiple key areas we are analyzing.

Source: Meghir, Costas, et al. Beyond Austerity: Reforming the Greek Economy (the MIT Press). The MIT Press, 2017.

In this episode, we have invited Didier Borel. Didier was a former bond trader, asset swap trader, and a broker. He likes financial markets but is more interested in how crypto as a technology is changing financial markets and society as a whole. He is interested in explaining and sharing his journey.

Kerry Lutz is a recovering attorney and serial entrepreneur. He became semi-retired at 40. He worked in the legal system for decades and has gained vital experience that can help be the difference between success and failure. He is also the owner of the financial survival network. A veteran podcaster with over 10 years experience and 7000+ episodes under his belt, he's written 4 books. The latest Viral Podcasting: A Proven Process to Earn a 6 Figure Income from your Show is an Amazon bestseller and regarded as the bible to monetizing a podcast. (With Contributions by noted Radio Consultant and Author Valerie Geller).

The Dollar has hit a 20-Year high and the Euro is nearly equivalent to the USD. A single euro bought $0.998 on the foreign exchange market at 12:45 GMT. The U.S. Dollar Index, which measures the value of American money against six major foreign currencies, has jumped almost 12% this year. We will be discussing the causes and the effects of this new economic phenomenon. 

In today’s episode, we are going to talk about a topic that was strongly requested and it is whether Crypto is a Ponzi scheme? We will try to understand what truly is a Ponzi scheme and the characteristics of crypto that may or may not place it in this category. 

Note this is not investment advice it is clearly for educational purposes nor is it based on any incentives to undermine the value of cryptocurrencies, this is based purely on your own discretion. 

In this episode, we have invited Brad Fallon to talk to us about political polarization. Brad Fallon is the Chief of Staff to the Majority Leader of the Maryland House of Delegates. He has done work to completely revamp the Juvenile Services Education System for juveniles in detention centers, passed the Great Maryland Outdoors Act to invest over a hundred million dollars into our state park system, incubate tech companies based around public research, and more.

This is a small update on a temporary posting rescheduling for Greekonomics

In this episode, we start to talk about Greece's participation in the EZ by utilizing a theoretical framework called the OCA to provide a first idea about whether the EZ entry was an economically "good" decision. 

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Source: Meghir, Costas, et al. Beyond Austerity: Reforming the Greek Economy (the MIT Press). The MIT Press, 2017.

In this episode, we discuss the problems associated with the inefficiencies in the Product Market Regulation and competition before, during, and after the Greek financial crisis. 

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Source: Meghir, Costas, et al. Beyond Austerity: Reforming the Greek Economy (the MIT Press). The MIT Press, 2017.

In this episode, I will try to answer different questions on Reddit that people have asked regarding topics like inflation, the energy crisis, and economic growth.

Discussion with Tyler Uriah, an entrepreneur, podcaster, and traveler who shares his thoughts on entrepreneurship, having a mission at work, and the importance of small businesses among other topics we discuss. 

In this episode, we talk about the Terra Luna crash, the causes, and the overall outlook for crypto with Navvye, a blockchain developer from India. 

In this episode, we conclude what was discussed in the previous episode by mentioning the possible reforms and approaches that could be taken to tackle the multiple issues with the Greek educational system.

This is an interview from 395 productions from February 2022 in which I explain whether the current US debt is something to worry about. There is also a discussion about the conflict in Russia. The data and the discussion are from February yet the principles still apply today and help in understanding the situation.  All copyrights belong to the original owner. 

The first episode of this sub-series. Education. Since the Greek economy is neither a pioneer in technological progress nor at the other end of the spectrum is inexpensive in terms of labor costs, having a better educational system is crucial to increase competitiveness in a sustainable manner. What I am trying to say essentially is that it is not like Greece has got very cheap labor to compensate for the lower productivity as would be the case in a country like Colombia. The minimum wage in Colombia is about $1.61 an hour, and based on a workweek of 48 hours, the yearly wage becomes a bit above $4,000. It’s less than the average wage in the UK for one and a half months. This means that a better-educated labor force allows production to be competitive without resorting to a decrease in wages. And the quality of institutions like the justice system, media, and political representation is directly linked to the educational level of its citizens. 

Covid-19 has restructured our society and the return to “normalcy” will not be easy. People were shaken by the pandemic, which forced them to reconsider what really matters, what their priorities are, and their overall wellbeing. This led to a shift towards more flexible schedules and a better home-work blend that fully utilized the benefits of online platforms. Newly leveraged aspects of technology will dramatically change workplace culture and how we approach jobs and careers… perhaps forever

The minimum wage law is a constantly debated issue amongst economists and politicians, and there have been multiple pieces of research on the topic for and against this measure. In light of the work of US-based economists David Card and Alan Krueger, who won the Nobel Prize in economics last year, let's analyze the basic theory and update it based on this recent work. We will also explore the current socioeconomic environment and the effects such a policy could have on us. 

In this episode, we will be talking about the recent good news on inflation and what we expect moving on into the future. We will also be presenting a new measure of inflation by the New York Fed, the Multivariate Core Trend.

In this episode, we explore the economics of gift-giving and discuss the psychological, social, and economic factors that influence our gift-giving decisions. We'll delve into the psychology of gift-giving and why people give gifts, as well as the costs and benefits of different gift-giving strategies. We'll also talk about the importance of finding a balance and considering non-monetary gifts, such as experiential gifts or homemade items, to minimize costs and maximize the value and enjoyment of our gifts. Whether you're a seasoned gift-giver or just getting started, this episode is full of insights and tips to help you make more thoughtful and meaningful gift-giving choices.

Hello and welcome to this week’s Greekonomics podcast. In this episode, we will be analyzing the issues with the labor market during and before the Greek financial crisis.

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Sources: 

https://www.ilo.org/wcmsp5/groups/public/@dgreports/@dcomm/@publ/documents/publication/wcms_192887.pdf

https://www.politico.eu/article/greece-reverse-brain-drain-skills-young-people-financial-crisis/

Meghir, Costas, et al. Beyond Austerity: Reforming the Greek Economy (the MIT Press). The MIT Press, 2017.

In this episode, we are going to discuss the recent “good” news on inflation and explain how monetary policy has changed during the last few years, reflecting not what is usually taught in standard economics textbooks.

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Artwork made with Dall-e 2

Sources:

https://www.nasdaq.com/glossary/i/interest-on-reserves#:~:text=Interest%20rate%20that%20a%20central,excess%20of%20the%20required%20reserves. 

https://edition.cnn.com/2022/11/15/economy/us-ppi-inflation-october/index.html

https://www.federalreserve.gov/econres/notes/feds-notes/closing-the-monetary-policy-curriculum-gap-20201023.html

https://edition.cnn.com/2022/11/15/investing/dow-stock-market-today-inflation/index.html

We are at the end of globalization. We've taken globalization for granted, and as we move onto the next big stage of humanity, we are going to miss it. 

This is the new era of De-Globalization, and in this episode, we are going to explore how this change could affect the world in the short and long term.

Sources:

https://www.project-syndicate.org/commentary/why-deglobalization-makes-us-inflation-worse-by-dambisa-moyo-2022-10#:~:text=Globalization%20acted%20as%20a%20deflationary,are%20known%20drivers%20of%20inflation.

https://www.imf.org/en/Blogs/Articles/2022/06/02/a-more-fragmented-world 

https://youtu.be/zY0U0O6VsOA

In this episode, we will be focusing on a Developing country: Bangladesh. More specifically, we will be analyzing its path to growth, its development, its strategies, its successes, and its barriers or failures. It is a nice complementary episode to our series about the Greek financial crisis as many macroeconomic theories and evaluations can be applied to every country, including Greece

SOURCES

https://www.nationsonline.org/oneworld/map/Political-Map-of-Bangladesh.htm

https://www.investopedia.com

https://youtu.be/RZ_x9Om5wmE?t=185

https://www.youtube.com/watch?v=L6dmFr84TIc

https://www.weforum.org/agenda/2022/01/development-needs-change-bangladesh-can-show-us-how/

https://www.worldbank.org/en/country/bangladesh/overview

https://data.worldbank.org/country/BD

https://www.coface.com/Economic-Studies-and-Country-Risks/Bangladesh

https://www.adb.org/countries/bangladesh/economy

https://mof.portal.gov.bd/site/page/28ba57f5-59ff-4426-970a-bf014242179e/Bangladesh-Economic-Review-2022

https://www.imf.org/en/News/Articles/2018/06/06/NA060818-Bangladesh-Building-A-Strong-Inclusive-Economy

https://www.worldbank.org/en/country/bangladesh/overview#:~:text=Bangladesh%20has%20an%20impressive%20track,remittances%2C%20and%20stable%20macroeconomic%20conditions.

https://www.atlanticcouncil.org/blogs/southasiasource/bangladeshs-economic-crisis-how-did-we-get-here/

https://www.worldbank.org/en/news/press-release/2022/04/13/bangladesh-economy-shows-resilience-amid-global-uncertainty

https://www.aljazeera.com/economy/2022/8/2/bangladeshs-garment-sector-faces-energy-demand-crisis

In this Greekonomics episode, we are going to talk about the most recent Nobel award for economics.

On Monday, the Nobel Prize in Economics was given to Ben Bernanke, Douglas Diamond, and Philip Dybvig, largely for papers they published almost 40 years ago. The laureates explained the central role of banks in financial crises.

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Sources: NY Times Paul Krugman's article

https://www.nobelprize.org/prizes/economic-sciences/2022/popular-information/ 

https://www.cnbc.com/2022/10/10/nobel-economics-prize-awarded-to-ben-bernanke-and-2-others-for-work-on-financial-crises.html