Invisible Hand, social media, Goldbacks, crypto & CBDC w/ John August - thoughts on recent episodes - EP194
06/27/23 • 58 min
In this episode of the Economics Explored podcast, host Gene Tunny chats with John August, Treasurer of the Pirate Party of Australia and host of the Roving Spotlight show on Radio Skid Row in Sydney. Together, they discuss previous episodes on topics such as the invisible hand, Goldbacks, and cryptocurrencies. Listeners are encouraged to share their thoughts on these topics.
Please get in touch with any questions, comments and suggestions by emailing us at [email protected] or sending a voice message via https://www.speakpipe.com/economicsexplored.
What’s covered in EP194
- [00:02:44] The invisible hand.
- [00:04:27] Hidden assumptions in economics.
- [00:08:15] Problem with gambling addiction.
- [00:14:39] Soviet Union.
- [00:26:03] Military expenditure and Soviet collapse.
- [00:30:16] Social media and liberty.
- [00:33:37] Censorship in social media.
- [00:39:01] History of currency. [00:40:47]
- [00:44:25] Central Bank Digital Currency.
- [00:50:34] Crypto as a solution.
- [00:55:46] CBDC concerns and conspiracy theories.
Links relevant to the conversation
John’s website where you can find his writings and a link to his radio show:
Gene’s previous conversations with John:
https://economicsexplored.com/2022/06/21/advertising-surveillance-capitalism-w-john-august-ep144/
Recent episodes mentioned in the conversation:
Thanks to Obsidian Productions for mixing the episode and to the show’s sponsor, Gene’s consultancy business www.adepteconomics.com.au.
Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
In this episode of the Economics Explored podcast, host Gene Tunny chats with John August, Treasurer of the Pirate Party of Australia and host of the Roving Spotlight show on Radio Skid Row in Sydney. Together, they discuss previous episodes on topics such as the invisible hand, Goldbacks, and cryptocurrencies. Listeners are encouraged to share their thoughts on these topics.
Please get in touch with any questions, comments and suggestions by emailing us at [email protected] or sending a voice message via https://www.speakpipe.com/economicsexplored.
What’s covered in EP194
- [00:02:44] The invisible hand.
- [00:04:27] Hidden assumptions in economics.
- [00:08:15] Problem with gambling addiction.
- [00:14:39] Soviet Union.
- [00:26:03] Military expenditure and Soviet collapse.
- [00:30:16] Social media and liberty.
- [00:33:37] Censorship in social media.
- [00:39:01] History of currency. [00:40:47]
- [00:44:25] Central Bank Digital Currency.
- [00:50:34] Crypto as a solution.
- [00:55:46] CBDC concerns and conspiracy theories.
Links relevant to the conversation
John’s website where you can find his writings and a link to his radio show:
Gene’s previous conversations with John:
https://economicsexplored.com/2022/06/21/advertising-surveillance-capitalism-w-john-august-ep144/
Recent episodes mentioned in the conversation:
Thanks to Obsidian Productions for mixing the episode and to the show’s sponsor, Gene’s consultancy business www.adepteconomics.com.au.
Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
Previous Episode
The importance of physical & mental health for top CEO performance w/ Andrew May - EP193
Andrew May, a leading Australian performance coach and host of the Performance Intelligence podcast, discusses the relationship between physical & mental fitness and CEO & business performance with show host Gene Tunny and his colleague Tim Hughes. Andrew shares insights into the areas he focuses on when coaching top performers, including CEOs and elite athletes.
Please get in touch with any questions, comments and suggestions by emailing us at [email protected] or sending a voice message via https://www.speakpipe.com/economicsexplored.
About Andrew May
Andrew May is CEO and founder of StriveStronger, a digital consultancy that partners with organisations to create cultures of wellbeing. He presents inspiring presentations and is recognised as one of the world’s leading performance strategists. Andrew works with a number of elite athletes and is the Mental Skills Coach for the Parramatta Eels National Rugby League Club. Andrew is a former middle-distance runner who was an assistant coach at the Australian Institute of Sport in Tasmania. He has worked with multiple Olympic/international athletes in track and field, tennis, swimming, hockey, netball, basketball and AFL; culminating in working as the Physical Performance Manager for both the NSW and Australian Cricket teams. Andrew has dual degrees in the body and brain – completing a Bachelor of Applied Science in Exercise Physiology (body) and a Masters in Coaching Psychology (brain).
For further information about Andrew, check out his full bio:
https://www.andrewmay.com/about-andrew/
What’s covered in EP193
- [00:01:10] Physical and mental fitness in performance.
- [00:04:24] Well-being and Performance.
- [00:08:21] CEOs and high performance sport.
- [00:10:57] Male vulnerability and authenticity.
- [00:13:14] Life's purpose and meaning.
- [00:16:49] Building sustainable operating rhythms.
- [00:19:59] Slow brainwave patterns.
- [00:23:00] More on building sustainable operating rhythms.
- [00:26:24] Sleep and recovery for CEOs.
- [00:30:16] Wearable device metrics.
- [00:32:57] Cycling culture and health.
- [00:38:29] Longevity through lean muscle.
- [00:39:40] Biological age and VO2 max.
- [00:43:24] Performance Intelligence Mastermind.
- [00:47:26] Work-life balance.
- [00:49:46] Managing stress for executives.
- [00:53:12] Wearable tech and data analysis.
- [00:56:32] ROI.
- [01:01:00] CEO Health Coaching Benefits.
- [01:04:02] CEOs and Health Performance.
Links relevant to the conversation
Andrew’s podcast:
https://www.andrewmay.com/performance-intelligence-with-andrew-may/
Andrew’s book Match Fit and related online course:
https://www.amazon.com.au/MatchFit-Andrew-May-ebook/dp/B07ND3CNB6
https://www.andrewmay.com/mf8/
Regarding DEXA (dual x-ray absorptiometry) scans:
https://www.cdc.gov/nceh/radiation/dexa-scan.html
Studies mentioned by Gene in his debrief with Tim at the end of the episode include the following.
Study published in Leadership Quarterly in June 2023 “CEO health”:
https://doi.org/10.1016/j.leaqua.2022.101672
Here’s the abstract:
“Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants and outcomes. We find CEOs are in much better health than the population and on par with other high-skill professionals. These results apply in particular to mental health and to CEOs of larger companies. We explore three mechanisms that can account for CEOs’ robust health. First, we find health predicts appointment to a CEO position. Second, the CEO position has no discernible impact on the health of its holder. Third, poor health is associated with greater CEO turnover. Here, both contemporaneous health and health at the time of appointment matter. Poor CEO health also predicts poor firm outcomes. We find a statistically significant association between mental health and corporate performance for smaller-firm CEOs, for whom a one standard deviation deterioration in mental health translates into a performance reduction of 6% relative to the mean.”
Leibniz Information Centre for Economics & Centre for Financial Research (CFR), University of Cologne working paper titled “Does CEO fitness matter?”
Next Episode
The Paradox of Debt w/ Richard Vague, ex-Sec. of Banking & Securities, Pennsylvania - EP195
Economics Explored host Gene Tunny chats with Richard Vague, a prominent American businessman and investor, about his new book, "The Paradox of Debt: A New Path to Prosperity Without Crisis." Richard, who has previously written about “The Case for a Debt Jubilee”, shares powerful insights into the benefits and drawbacks of debt, discussing how it can help grow household wealth while also promoting economic instability and rising inequality. He also offers thought-provoking ideas for helping households and businesses manage and reduce their debts.
Please get in touch with any questions, comments and suggestions by emailing us at [email protected] or sending a voice message via https://www.speakpipe.com/economicsexplored.
Note: this episode was recorded in mid-June 2023, i.e. before the Supreme Court decision regarding student loan relief, which is why the decision isn’t mentioned in this conversation.
About this episode’s guest: Richard Vague
Richard Vague served most recently as Secretary of Banking and Securities for the Commonwealth of Pennsylvania. As the author of The Paradox of Debt (2023), The Case for a Debt Jubilee (2021), A Brief History of Doom (2019), and The Next Economic Disaster (2014), Richard Vague established himself as a clear and independent voice in the ongoing conversation about the role of private sector debt in the global economy.
What’s covered in EP195
- [00:04:39] Debt and the global financial crisis.
- [00:11:23] Debt always grows faster than the economy, Richard argues. [00:12:53] Increased debt and higher net worth.
- [00:17:23] Paradox of debt and inequality.
- [00:23:01] Type one and type two debt.
- [00:28:50] Regional banking crisis in the US.
- [00:32:13] The paradox of debt: summary.
- [00:35:10] Debt forgiveness in the private sector.
- [00:41:43] Debt restructuring in banking.
- [00:47:48] A win-win-win solution.
- [00:49:53] Massive job training as something Richard would like to see.
Links relevant to the conversation
Where you can buy Richard’s new book The Debt Paradox: A New Path to Prosperity Without Crisis:
https://www.amazon.com.au/Paradox-Debt-Prosperity-Without-Crisis/dp/1512825328
Richard’s previous book The Case for a Debt Jubilee:
https://www.amazon.com.au/Case-Debt-Jubilee-Richard-Vague/dp/1509548734
Gene’s conversation with Allen Morrison about the Enterprise China model which he mentions this episode:
Thanks to Obsidian Productions for mixing the episode and to the show’s sponsor, Gene’s consultancy business www.adepteconomics.com.au.
Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
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