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    <title>Money &amp; Politics with Jim Pethokoukis</title>
    <link>http://ricochet.com/podcasts/money-politics</link>
    <description>AEI and CNBC's economics writer Jim Pethokoukis discusses money and politics with guests.</description>
    <language>en-US</language>
    <copyright>Copyright © 2013 by Ricochet.com</copyright>
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    <webMaster>support@ricochet.com (Ricochet Support)</webMaster>
    <pubDate>Tue, 22 Jan 2013 20:52:34 +0000</pubDate>
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    <category>News &amp; Politics</category>
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      <title>Simon Johnson</title>
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      <description>Is it time for Washington to break up or shrink America's largest banks? On this week's Ricochet Money &amp; Politics Podcast, Jim's guest is economist Simon Johnson who advocates doing just that. Johnson, currently an MIT business professor, used to be the chief economist of the International Monetary Fund. He's also a senior fellow at the Peterson Institute for International Economics in Washington and a co-founder of the financial blog BaselineScenario. &#13;
&#13;
In addition, Johnson is a weekly contributor to The New York Times' Economix blog and a regular Bloomberg columnist. Along with James Kwak, Johnson is author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown and White House Burning: The Founding Fathers, Our National Debt and Why it Matters to You.</description>
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      <pubDate>Tue, 22 Jan 2013 20:52:34 +0000</pubDate>
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      <itunes:subtitle>Guest: economist Simon Johnson</itunes:subtitle>
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      <title>Michael Strain</title>
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      <description>On this week's Ricochet Money &amp; Politics Podcast, Jim's guest is economist Michael Strain of the American Enterprise Institute. Strain began his career in the research group of the Federal Reserve Bank of New York. Before joining AEI, he managed the New York Census Research Data Center, a U.S. Census Bureau research facility. &#13;
&#13;
Strain recently co-authored a study debunking the notion, now widely held in left-of-center circles, that top marginal tax rates could rise to 70%, 80%, or even 90% without crippling the US economy. Just as importantly, Strain argues the moral and values case against those levels of confiscatory taxation.</description>
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      <pubDate>Thu, 17 Jan 2013 21:04:20 +0000</pubDate>
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      <itunes:subtitle>Guest: economist Michael Strain of the American Enterprise Institute</itunes:subtitle>
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      <title>Erik Brynjolfsson</title>
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      <description>On this week's Ricochet Money &amp; Politics Podcast, Jim's guest is Erik Brynjolfsson, director of MIT’s Center for Digital Business at the Sloan School of Management. &#13;
&#13;
Brynjolfsson is also co-author, along with Andrew McAfee, of "Race Against the Machine:  How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy". The 60-page ebook explores the apparent disconnect between a) rising innovation and productivity, and b) weak job and income growth.&#13;
&#13;
The Financial Times called Race Against the Machine "compelling for its claim to explain two crumbling economic laws: the first that growth will create jobs; the second that rising wages will follow rising productivity. The authors think this stems from the erosion of a third pattern – that technology creates at least as many jobs as it destroys. Many intuitively doubt this idea, as the looms long ago smashed by Ned Ludd attest."&#13;
&#13;
But Brynjolfsson argues Moore's Law means technology is advancing faster than humans can adjust, at least for now.</description>
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      <pubDate>Fri, 21 Dec 2012 19:50:14 +0000</pubDate>
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      <itunes:subtitle>Guest: Erik Brynjolfsson, director of MIT’s Center for Digital Business at the Sloan School of Management.</itunes:subtitle>
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      <title>Russ Roberts</title>
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      <description>On this week's Ricochet Money &amp; Politics Podcast, my guest is Russell Roberts, research fellow at Stanford University's Hoover Institution. Roberts is also host of the weekly podcast series EconTalkand co-blogs over at Cafe Hayek with colleague Don Boudreaux.&#13;
&#13;
In addition, Roberts is author  of several books, including The Price of Everything: A Parable of Possibility and Prosperity (Princeton University Press, 2008). And his two rap videos, created with filmmaker John Papola and “starring” John Maynard Keynes and F.A. Heyek, have more than five million views on YouTube.</description>
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      <pubDate>Tue, 11 Dec 2012 04:44:54 +0000</pubDate>
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      <itunes:subtitle>Guest: Russell Roberts, research fellow at Stanford University's Hoover Institution.</itunes:subtitle>
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      <title>Richard Burkhauser on Inequality</title>
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      <description>On this week's Ricochet Money &amp; Politics Podcast, my guest is Richard Burkhauser, economics professor at Cornell University. Prof. Burkhauser and his team at Cornell have done some amazing research that gives a much different perspective on the issue of income inequality. The mainstream media opinion holds that middle-class income have gone nowhere for 30 years while the income gap between the rich and everybody else has widened.&#13;
&#13;
Underlying that thesis is the work of two economists, Thomas Piketty and Emmanuel Saez. According to them, median American incomes, adjusted for inflation, rose just 3.2% from 1979 through 2007.&#13;
But it’s just not true, according to Burkhauser. He finds that median household income – properly measured – rose 36.7%, not 3.2% as Piketty and Saez argue. </description>
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      <pubDate>Thu, 06 Dec 2012 00:41:48 +0000</pubDate>
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      <itunes:subtitle>Guest:  Richard Burkhauser, economics professor at Cornell University</itunes:subtitle>
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      <title>Medicare Guru Joe Antos</title>
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      <description>On this week's Money &amp; Politics Podcast, my guest  is Joe Antos, Medicare guru at the American Enterprise Institute. What is Paul Ryan's Medicare reform plan? What's Mitt Romney's? What's President Obama's? Antos gives a brisk tour of those plans, as well as providing a deeper dive into what's really wrong with America's government-run health system for seniors. You'll never read a New York Times story about Medicare or RomneyRyanCare the same way after listening to Antos.</description>
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      <pubDate>Fri, 17 Aug 2012 01:54:45 +0000</pubDate>
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      <itunes:subtitle>Guest: Joe Antos, Medicare guru at the American Enterprise Institute.</itunes:subtitle>
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      <title>Inflation with Professor Scott Sumner</title>
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      <description>On this week's Money &amp; Politics Podcast, my guest  today Scott Sumner, professor of economics at Bentley University and author of the must-read TheMoneyIllusion blog.&#13;
Professor Sumner is probably best known for his contrarian critique of the Federal Reserve, that a) mismanaged monetary policy -- not the housing bust or Wall Street greed -- caused the Great Recession, and b) its continued tight money policy is a big reason why the economic recovery is so weak and unemployment is so high.</description>
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      <pubDate>Thu, 09 Aug 2012 00:39:46 +0000</pubDate>
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      <itunes:subtitle>Guest: Scott B. Sumner Economist and current Professor of Economics at Bentley University</itunes:subtitle>
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      <title>University of Chicago's Luigi Zingales</title>
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      <description>Luigi Zingales, the Robert C. Mc Cormack Professor of Entrepreneurship and Finance University of Chicago -Booth School of Business joins Jim to discuss the current state of European finances.</description>
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      <pubDate>Sat, 21 Jul 2012 00:32:55 +0000</pubDate>
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      <title>"Unintended Consequences" with Ed Conard</title>
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      <description>Ed Conard, author on "Unintended Consequences: Everything You've Been Told About The Economy Is Wrong" joins Jim to discuss the economy and how to bring it back.</description>
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      <pubDate>Tue, 10 Jul 2012 19:04:53 +0000</pubDate>
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      <itunes:subtitle>Guest: Author Edward Conard</itunes:subtitle>
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