A Correction Podcast

Don't call it a tax cut.

In this episode, Lev and Natalie lay the base for our current housing market: the history behind it and how nothing should have gone wrong, but then it does go wrong. 

How Bad Was It?

MINSKY AND GREENSPAN (AND RAND)! WELCOME TO SEASON 3

Natalie and Lev are working on season three!

What is a pure public good? Lev and Natalie shed some light on this market (or lack of market) and we discuss monopolies.

In this episode, we discuss the 'lemon' market of online dating, insurance, banking and much more. In these dark times (literally, it gets late early out there in the winter!) we bring some fun to your ear. Enjoy!

When the government imposes a maximum price on a good or service, they have implemented a price ceiling. The opposite is true when the government enforces a minimum price on a good or service, creating a price floor. For example, the minimum wage. Lev and Natalie discuss the pros and cons of price controls, other means the government has in promoting equity, community land trusts and Hugo Chavez. 

To say many in our nation are stunned that Donald Trump is the President-elect is an understatement. Here at A Correction Podcast, we decided to deviate (just a bit) from our regular posting schedule, to examine some of the proposed policies under a Trump administration. What will a possible future look like economically and socially in the United States? We also ask each other (as many around the country have been) how do we build better solidarity and what do we need to be doing when it concerns being engaged politically and with one another?

Season 2 Episode 1: Perverse Expectations

SNEAK PEEK: Season Two

Lev and Natalie discuss John Maynard Keynes, the efficient market hypothesis and the enigma of economic bubbles.

In this episode, Lev and Natalie discuss Adam Smith and Karl Marx. Does the U.S. really have a free market economy?

Inflation should be avoided at all costs is one belief held by the hawks. What is inflation and what do birds have to do with it? Well, nothing. In this episode, Lev and Natalie wrap up the Big Three - the three ways the economy is measured - by ending with inflation. How do we influence inflation by what we think prices are going to do? How does money gets into the economy? In A Dollar and a Penny we answer those questions and discuss the role of The Fed and why a little inflation may be a good thing.

As of June 2016, the reported (U3) national unemployment number remains at 4.9%, a number that Obama praised back in April 2016. What is the story behind that 4.9% and how much does Obama’s economic legacy have to do with it? Lev and Natalie discuss our POTUS, how we measure unemployment, and the theory around war and the military as means for economic stimulus (Yikes!).