In this episode of Econ Nerds Live, host Matt Hill and co-host Ariel Slonim welcome Jadrian Wooten from Monday Morning Economist (https://www.mondayeconomist.com/).

They start with a news quiz. Then talk about their favorite Monday Morning Economist posts:

• How much would the pizza from Home Alone be today?
• Why do we buy fancier eggs when egg prices rise?
• Does Taylor Swift actually add to the economy?

Then the conversation also gets very nerdy with a discussion on confusing terminology used in Economics.

00:00 Introduction to Monday Morning Economist

02:27 News Quiz

18:39 Pop Culture Economics and Home Alone

20:09 Challenges in Adjusting Prices Over Time

24:10 Comparing Historical Prices: Time vs. CPI

28:10 The Alchian-Allen Effect Explained (why are you buying more expensive eggs?)

31:54 The Impact of Taylor Swift on Local Economies

38:13 Teaching Economics: Challenges and Insights

41:03 The Challenge of Economic Terminology

55:03 Consumer Surplus/ DWL: Transformers, home buying, Delta

Referenced in the podcast:

https://www.mondayeconomist.com/

Planet money on sugar prices: https://www.npr.org/sections/money/2013/04/26/179295426/episode-454-the-lollipop-war

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In this episode, Matt Hill and Ariel Slonim discuss the fertility crisis with guest Susannah Petitt. They explore the decline in birth rates, the impact of education and marriage trends, and the economic implications of a shrinking population. The conversation delves into the importance of innovation, the role of social media, and potential policy solutions to encourage family growth.

Susannah shares insights on the misconceptions surrounding fertility and the need for supportive community structures. The episode concludes with reflections on the cultural narratives surrounding parenthood and the opportunity costs associated with raising children.

Chapters

04:16 The Shift from Overpopulation to Depopulation Concerns

19:11 Housing and Its Impact on Family Planning

25:08 The Influence of Technology and Social Change on Fertility

34:41 Balancing Childbearing and Career

45:29 Current Reads and Interesting Finds

57:16 Current Events: Tariffs and Trade Agreements

Check out Susannah’s substack Upward Bound: https://theupwardbound.substack.com/

In this episode of the Econ Nerds podcast, hosts Matt Hill and Ariel Slonim explore various economic themes ranging from pole vaulting incentives to the impact of tariffs on job creation. They discuss the implications of NYC's free bus proposal, the economic contributions of K-Pop sensation BTS, and the evolving landscape of creative jobs in the age of AI.

Then a life advice involving Bitcoin and personal finance decisions.

The episode concludes with reflections on community initiatives like the Buy Nothing group and the hidden costs associated with them.

Chapters

00:00 Introduction and News Quiz Kickoff

16:52 AI and Art: The Future of Creativity

32:25 Life Advice

35:47 Consumer Surplus vs. Deadweight Loss: Buy Nothing