It finally happened: the Ricochet Podcast finally gets religion on Romney. Hallelujah! Also, a Titanically bad miniseries, and author and journalist Harry Stein on Trayvon Martin, left race baiting, and yes, Tiny Tim. Then economist and podcaster extraordinaire Russ Roberts (his required listening podcast is here) joins to discuss the economy, inflation on the horizon, quantitative easing, ancient Egyptian economics, and the expert’s answer to Peter’s bleg. It’s all about who you know. Finally, congrats to Ricochet member Curious John for winning the highly coveted Ricochet Podcast Member Post of the Week for his super innovative Ricochet Member Audio Meetups. CJ, your mug is on the way. 

Music from this week’s episode:

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The Ricochet Podcast is proudly sponsored by Encounter Books. This week’s pick is No Matter What…They’ll Call This Book Racist: How our Fear of Talking Honestly About Race Hurts Us All by Harry Stein. Available for $16.31 at and 

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There are 29 comments.

  1. Member

    Note: We struggled with some intermittent audio issues this week due to inclemenate weather while recording (I apparently live in an area with a third world power and communications grid), so apologies in advance. 

    • #1
    • April 27, 2012 at 2:00 am
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  2. Inactive

    Rob, “the one character with striking contemporary views” always irritated me about the entire series of “Dr. Quinn, Medicine Woman.”

    • #2
    • April 27, 2012 at 2:11 am
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  3. Member

    So very excited that Russ Roberts is making an appearance. I am an avid listener to EconTalk, and it’s about time he stepped over to Ricochet! p.s. Waiting eagerly for another Richard Epstein episode of EconTalk. One of you want to pass the message to Russ?

    • #3
    • April 27, 2012 at 2:13 am
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  4. Member
    DutchTex: Rob, “the one character with striking contemporary views” always irritated me about the entire series of “Dr. Quinn, Medicine Woman.” · 45 minutes ago

    It’s why I couldn’t watch more than the first ten minutes of Titanic. I almost expected Kate Winslet to start rapping.

    • #4
    • April 27, 2012 at 3:14 am
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  5. Inactive

    Peter, I suggested bringing Russ Roberts on within the comments section of your Keynes post. Did your triumvirate invite him last week or after you raised the issue?

    • #5
    • April 27, 2012 at 3:23 am
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  6. Inactive

    for anyone interested in obesity/public health/weight loss, I must recommend this podcast Russ Roberts did with science writer Gary Taubes

    • #6
    • April 27, 2012 at 4:16 am
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  7. Member

    I was surprised that the discussion of racism with Harry Stein didn’t include mention of the recent Derbyshire firing from National Review. I understand that some defend his article “The Talk” as well-grounded in statistics, but it seems to me to be a good example of a conservative writing something that came out as racist, no matter what he thought he was putting in.

    • #7
    • April 27, 2012 at 4:41 am
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  8. Thatcher

    Blue Yeti

    The mobile version is missing this post and the comment that I added last night doesn’t show up anymore on this post. What’s going on? Plus the Post is listed twice on the Super Feed.

    • #8
    • April 27, 2012 at 4:57 am
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  9. Member


    Thanks for bringing this to my attention. I’ll look into it.

    • #9
    • April 27, 2012 at 7:26 am
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  10. Member

    I had to interrupt my listening to announce that I am a girl who practically worships the Patrick O’Brien series. I’ve read them all. Most of them at least twice. I found them thoroughly engrossing, delightful, witty, and illuminating.

    • #10
    • April 27, 2012 at 8:21 am
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  11. Member

    I can’t listen. It sounds like the Ricochet Podcast version of Invasion of the Body Snatchers

    • #11
    • April 27, 2012 at 8:40 am
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  12. Contributor

    The story behind the Photoshops! Now Revealed!

    • #12
    • April 27, 2012 at 8:54 am
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  13. Inactive
    Tom Westberg: I was surprised that the discussion of racism with Harry Stein didn’t include mention of the recent Derbyshire firing from National Review. 

    I felt like the whole time Harry Stein was on there was this big elephant in the room no one was talking about; almost to the point of being uncomfortable.

    • #13
    • April 27, 2012 at 9:27 am
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  14. Thatcher

    Its Alive, Its Alive.

    Put your “Skin in the Game” via a Ricochet Member Audio Meetup

    Here are Members that signed up for a date: Replace an & _____ with yourself by sending a Personal Message or email me at [email protected]

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    • #14
    • April 27, 2012 at 10:00 am
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  15. Member

    Just heard the podcast and really enjoyed hearing Prof. Roberts talk economics, particularly about QE. James is right that the average person wouldn’t know this about QE, unless they read this post of mine from a month ago. 

    I would like to have asked Prof. Roberts if the Fed would have to combat increased circulation of those reserves by increasing the fed funds rate. The argument is that the Fed can increase the interest it pays on bank reserves to keep it out of circulation or replace them with other interest-bearing securities like Treasurys. 

    • #15
    • April 27, 2012 at 10:07 am
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  16. Thatcher
    • #16
    • April 27, 2012 at 10:34 am
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  17. Inactive

    That photoshop appeared in a very strange dream I had last night. I shall try laying off the Chimay before retiring, in the hope it haunts me no longer.

    • #17
    • April 28, 2012 at 3:04 am
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  18. Inactive
    A conservative like Mitt is more likely to be pictured with the piano guys and of the same religion: the real source of the man. 
    • #18
    • April 28, 2012 at 7:10 am
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  19. Member

    Wish one of you had pinned Roberts down a bit harder on Depression & WW2. Does he really think that there was more privation in terms of consumer spending during WW2 than during the depression? The other point to make is that most of the federal spending went through private companies, e.g., Ford, GM, Kaiser, which made capital investments, and not into a federal bureaucracy with virtually no capital investments. In addition, much of those capital investments were what today would be called dual use technologies, i.e., military & civilian applications. Much depends on how the government money is spent.

    • #19
    • April 28, 2012 at 8:22 am
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  20. Member

    And about Mitt Romney’s speeches. The one after the PA primary was excellent, but he’s been making similar speeches for a couple of months. It’s not that new.

    • #20
    • April 28, 2012 at 8:27 am
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  21. Thatcher

    You had Russ Roberts on and didn’t even talk about the Keynes vs. Hayek rap videos? Missed a golden opportunity.

    • #21
    • April 28, 2012 at 10:27 am
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  22. Member

    This podcast was magnificent. It was the opposite of the Jump the Shark episode on Happy Days; it showed what huge possibilities there are for this enterprise. The chatter of the regular interlocutors was witty as usual, but Harry Stein’s lapidary analysis of the race industry alone was worth the annual subscription price. However, the value of that was topped by your introducing me to the thinking of Russel Roberts. Fantastic episode!

    • #22
    • April 28, 2012 at 10:50 am
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  23. Member
    Steven Potter: You had Russ Roberts on and didn’t even talk about the Keynes vs. Hayek rap videos? Missed a golden opportunity. · 31 minutes ago

    It was on the list, we just ran out of time. We’ll have him on again soon.

    • #23
    • April 28, 2012 at 11:00 am
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  24. Member

    I was expecting Russ Roberts to discuss the effect of WWII from ’39 to ’41 when vast amounts of European money was stimulating the US economy.

    Likewise the post-war Marshall Plan wasn’t mentioned. It would have been amusing to recall how the UK’s Labour government took the money and used it to nationalize the productive and exporting areas of the economy. This gave the ‘nasty’ capitalists a bunch of cash which they could not spend within the UK economy because it had all been nationalized. This of course meant the the cash found its way back to the States (to help stimulate the US) or to other Marshall Plan countries which took economic stimulus seriously.

    • #24
    • April 28, 2012 at 12:04 pm
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  25. Member

    My two favorite podcasts have crossed… What a beautiful day!

    • #25
    • April 29, 2012 at 4:12 am
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  26. Member

    I believe it was Ogden Nash who observed that “a door is something that a dog is perpetually on the wrong side of”. Mr. Nash obviously did not know cats.

    • #26
    • May 1, 2012 at 5:41 am
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  27. Inactive

    I don’t know who picked Aretha Franklin’s song, but thank you. I’d never heard it before, and I instantly fell in love with it.

    • #27
    • May 2, 2012 at 4:30 am
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  28. Member

    The album I pulled it from (Amazing Grace Live) is equally great. Highly recommended.

    • #28
    • May 2, 2012 at 5:45 am
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  29. Member

    I finally had some time to listen this podcast. Most enjoyable. Thanks, guys. 

    I just have to second Peter’s and Katievs’ love of Patrick O’Brian’s wonderful books. In literary terms, he is seriously to be compared to (the incomparable, shall we say) Jane Austen and to Vikram Seth. 

    Many people don’t know that O’Brian’s parlor dramas, embedded in his stories of seamen (based on Lord Cochrane’s exploits to a great degree), are as good as it gets. Then when you add in the naturalist aspects that Maturin (the ship’s surgeon and best friend of Captain Aubrey) bring to the story line — it is simply some of the most enjoyable reading and learning that books can give.

    Rob is right to voice his envy of Peter just starting into this wonderful world of the imagination and artistry.

    • #29
    • May 3, 2012 at 11:23 am
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