Ep 8: Out-Arnabing Arnab
08/06/20 • 80 min
There is a race to the bottom in Indian media. It is rational. Its reasons are structural. The state and society must share the blame. Amit Varma and Vivek Kaul explain why in episode 8 of Econ Central. Also discussed: public sector banks, our love for simple narratives and Raat Akeli Hai. Also check out: 1. Raat Akeli Hai -- Honey Trehan. 2. 'Does he look depressed?' -- The Times Now tweet. 3. Television Price Controls -- Episode 27 of The Seen and the Unseen (w Ashok Malik). 4. Why Are Indian News Channels so Disappointing? -- Ashok Malik. 5. The top paid newsletters on Substack. 6. 1000 True Fans -- Kevin Kelly. 7. 1,000 True Fans? Try 100 -- Li Jin. 8. The State of the Media — Episode 46 of The Seen and the Unseen (w Prem Panicker). 9. The State of the Media 2 — Episode 89 of The Seen and the Unseen (w Sidharth Bhatia & Peter Griffin). 10. What Happened to Our Journalism? -- Episode 178 of The Seen and the Unseen (w Nidhi Razdan). 11. Persuasion -- Yascha Mounk's newsletter. 12. Fighting Fake News -- Episode 133 of The Seen and the Unseen (w Pratik Sinha). 13. Non-Performing Assets -- Episode 32 of The Seen and the Unseen (w Vivek Kaul). 14. IL&FS and the Indian Financial System -- Episode 91 of The Seen and the Unseen (w Vivek Kaul and Ashutosh Datar). 15. Overdraft -- Urjit Patel. 16. Quest for Restoring Financial Stability in India -- Viral Acharya. 17. The govt and RBI face a trilemma regarding PSBs -- Vivek Kaul. 18. RBI’s forecast on NPAs has often missed the mark -- Vivek Kaul. 19. Indian banks are in for a ₹20-trillion hole -- Vivek Kaul. 20. Privatisation of banks is a great idea, and will remain so -- Vivek Kaul. 21. Urjit Patel Ko Gussa Kyon Aata Hai? -- Vivek Kaul. 22. Whose Money is it Anyway? -- Amit Varma (on Milton Friedman's four ways of spending money). 23. Indian Board President's XI vs England XI, Vadodara, 2006. 24.
There is a race to the bottom in Indian media. It is rational. Its reasons are structural. The state and society must share the blame. Amit Varma and Vivek Kaul explain why in episode 8 of Econ Central. Also discussed: public sector banks, our love for simple narratives and Raat Akeli Hai. Also check out: 1. Raat Akeli Hai -- Honey Trehan. 2. 'Does he look depressed?' -- The Times Now tweet. 3. Television Price Controls -- Episode 27 of The Seen and the Unseen (w Ashok Malik). 4. Why Are Indian News Channels so Disappointing? -- Ashok Malik. 5. The top paid newsletters on Substack. 6. 1000 True Fans -- Kevin Kelly. 7. 1,000 True Fans? Try 100 -- Li Jin. 8. The State of the Media — Episode 46 of The Seen and the Unseen (w Prem Panicker). 9. The State of the Media 2 — Episode 89 of The Seen and the Unseen (w Sidharth Bhatia & Peter Griffin). 10. What Happened to Our Journalism? -- Episode 178 of The Seen and the Unseen (w Nidhi Razdan). 11. Persuasion -- Yascha Mounk's newsletter. 12. Fighting Fake News -- Episode 133 of The Seen and the Unseen (w Pratik Sinha). 13. Non-Performing Assets -- Episode 32 of The Seen and the Unseen (w Vivek Kaul). 14. IL&FS and the Indian Financial System -- Episode 91 of The Seen and the Unseen (w Vivek Kaul and Ashutosh Datar). 15. Overdraft -- Urjit Patel. 16. Quest for Restoring Financial Stability in India -- Viral Acharya. 17. The govt and RBI face a trilemma regarding PSBs -- Vivek Kaul. 18. RBI’s forecast on NPAs has often missed the mark -- Vivek Kaul. 19. Indian banks are in for a ₹20-trillion hole -- Vivek Kaul. 20. Privatisation of banks is a great idea, and will remain so -- Vivek Kaul. 21. Urjit Patel Ko Gussa Kyon Aata Hai? -- Vivek Kaul. 22. Whose Money is it Anyway? -- Amit Varma (on Milton Friedman's four ways of spending money). 23. Indian Board President's XI vs England XI, Vadodara, 2006. 24.
Previous Episode
Ep 7: The Deep State of Real Estate
The Indian real estate market is an unusual beast: there is as much politics in it as economics. Amit Varma and Vivek Kaul get together in episode 7 of Econ Central to dissect its innards. Also discussed: why Joe Biden is like Rahul Roy, and MCBC gaalis reflect a toxic mindset and should be abandoned by us. Also check out: 1. The Mystery of Real Estate Prices -- Episode 30 of The Seen and the Unseen (w Vivek Kaul). 2. India's Unreal Estate -- Vivek Kaul for Newslaundry. 3. Why car sales are falling but not realty prices -- Vivek Kaul. 4. Narendra Modi Takes a Great Leap Backwards -- Amit Varma on DeMon. 5. Quid Pro Quo: Builders, Politicians, and Election Finance in India -- Devesh Kapur & Milan Vasihnav. 6. Crime in Indian Politics -- Episode 114 of The Seen and the Unseen (w Milan Vaishnav). 7. Overdraft: Saving the Indian Saver -- Urjit Patel. 8. The episodes of The Seen and the Unseen on Rent Control and FSI with Alex Tabarrok. 9. Twelve Dream Reforms -- Episode 138 of The Seen and the Unseen (Shruti Rajagopalan, Rajeswari Sengupta & Vivek Kaul). 10. The Market for 'Lemons' -- George Akerlof. 11. Rethinking Work, Home and Office -- Ajay Shah. 12. Rahul Roy and the Voting Mechanics of Bigg Boss -- Amit Varma. 13. Joe Biden’s Vice-Presidential Pick: Who’s in the Running? -- Alexander Burns in the New York Times.14. Aashiqui (1990) -- Rahul Roy's debut film. 15. Pyaar Ka Saaya -- Produced by B Subhash and starring Rahul Roy. 16. That Which is Seen, and That Which is Not Seen -- Frédéric Bastiat. 17. The Law -- Frédéric Bastiat. 18. Conversation and Society -- Episode 182 of The Seen and the Unseen (w Russ Roberts). 19. Economics in One Lesson -- Henry Hazlitt. 20. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 21. The Hype Around the Stock Market -- Episode 6 of Econ Central. 22. Max Roser's Tweet on the decline in smoking rates. Do check out Amit's course, The Art of Cl...
Next Episode
Ep 9: Do We Need Billionaires?
In a world full of pain and suffering, some say that it is perverse that billionaires exist. Do we need them? Yes, we do, argue Amit Varma and Vivek Kaul in episode 9 of Econ Central. Listen in for the argument, and the caveat, because hey, there's always a caveat. Also discussed: why the Congress Party's actions are the opposite of their words, and how we should think about economic reform. Also check out: 1. A Meditation on Form -- Amit Varma. 2. AoC's tweet, and the responses by Paul Graham and Geoffrey Miller. 3. Paul Graham's essays. 4. Green Shoots in the Desert Sand -- Episode 2 of Econ Central, which discusses the Zero-Sum Fallacy. 5. John D. Rockefeller and the Oil Industry -- Burton Folsom. 6. Trickle-Up, Not Trickle-Down -- Swaminathan S Anklesaria Aiyar. 7. Profit = Philanthropy -- Amit Varma. 8. The Working Rich Improve Our Lives -- John Stossel. 9. Bernie Sanders wants to tax Bezos, Musk, Zuckerberg's 'outrageous pandemic wealth accumulation' -- Caitlin McFall. 10. Government's End: Why Washington Stopped Working -- Jonathan Rauch. 11. Out-Arnabing Arnab -- Episode 8 of Econ Central. 12. The 10 Rules of Successful Nations -- Ruchir Sharma. 13. The Age of Stagnation -- Satyajit Das. 14. Vivek Kaul's controversial Twitter thread on interest rates. 15. Ajit Gulabchand Needs a Lesson in Economics -- Vivek Kaul. 16. The Death of Stock Markets -- Vivek Kaul. 17. The repo rate cut cycles help PSBs shore up capital -- Vivek Kaul. 18. India Today's Mood of the Nation poll. 19. The video clip of the Congress shooting the messenger. 20. Amit Varma's pieces and episodes on DeMon. 21. A Game Theory Problem: Who Will Bell The Congress Cat? -- Amit Varma. 22. The ...
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