Words & Numbers

In private schools, as in private enterprise in general, poor performance drives funding away by driving paying customers away. Yet in public schools, poor performance is used as an excuse for increased funding. With incentives like these, is it any wonder that public schools are failing our children so badly? Isn’t it time to inject some competition into the system? Education for all is a worthy wish. So is food for all. But we don’t force poor people to eat state-produced food. Even food stamp recipients get to choose where to shop. Why shouldn’t beneficiaries of public education spending get to choose where to send their kids? Our hosts James R. Harrigan and Antony Davies want to know.   Check out the facts on this issue for yourself here: https://fee.org/articles/the-illusion-of-school-choice Learn more about your ad choices. Visit podcastchoices.com/adchoices

In 1922, famed etiquette writer Emily Post advised her readers that 10% is the standard for tipping your waiter. Since then, “gratuity creep” has been so steady that tip jars are now ubiquitous and 25-30% is considered the rule in New York City. Uber once resisted this trend, but recently added a tipping feature to its app.  What is the economic rationale behind tipping? Does the usefulness of tipping diminish the more that a certain rate becomes an expectation? At a certain point, would it be better to do without the fuss involved and simply include that portion of a service-provider’s compensation in the wages paid by the employer?  Our valiant hosts, Antony Davies and James Harrigan explore these questions and more! Learn more about your ad choices. Visit podcastchoices.com/adchoices

A viewer recently asked us what Words & Numbers thought of Universal Basic Income. Antony Davies likes the idea of it, provided it’s done well, but doesn’t think it could ever possibly be done well. But what about a theoretical UBI? If we could actually figure out how to implement that well, would that work? And why wouldn’t that work in the real world? This week on Words and Numbers, Antony and James R. Harrigan tackle the issue that’s getting a lot of attention in Silicon Valley. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Income inequality has been in the news more and more, and it doesn’t look good. It’s aggravating to see people making more money than you, and we’re told all the time that income inequality is on the rise. But is it? And even if it is, is it actually a bad thing? This week on Words and Numbers, Antony Davies​ and James R. Harrigan​talk about how income inequality plays out in the real world. Learn More: https://fee.org/articles/is-income-inequality-real/   Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week on Words & Numbers, Antony Davies​ and James R. Harrigan​ tackle the disaster that is the Illinois state budget crisis.  Pro-tip: Don't let it happen to your state. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week on Words & Numbers, James R. Harrigan and Antony Davies tackle the issue of airline pricing. Why do they charge what they do? What do those prices mean? Is it too much and are passengers being ripped off?  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Amazon’s offer to buy Whole Foods for $13.7 billion sounds pretty great to both parties, but it seems that isn’t good enough. The proposal has a lot of people worried about Amazon becoming an indestructible monopoly, and the government is all too happy to step in and settle the issue. But this concern ignores consumers’ own preferences as well as business and entrepreneurial history. This week in Words and Numbers, Antony Davies and James R. Harrigan discuss the probable future of the Amazon-Whole Foods merger, what it could mean for us, and what it could mean for another once-equally feared corporation: Wal-Mart. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ted Cruz recently asserted that the United States military needs to be sent to Mexico to attack the drug cartels head-on. This is a bad idea. But so is the drug war itself, both constitutionally and logically. Forty-six years and one trillion dollars after its start, President Richard Nixon's War on Drugs is still going, with 300,000 people currently in jail on drug charges. Meanwhile, 26 times as many people suffer from alcoholism as do heroin abuse, and eight times as many die from alcohol abuse as do heroin. Many who support the war do so with the best of intentions, but has it really helped? Or has it done more harm than good, like the Prohibition of the 1920s? Is this war even legal in the first place? James Harrigan and Antony Davies discuss these questions in this week's Words and Numbers.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

In 1798, 95 percent of the world lived in poverty. Today, less than 10 percent do, in spite of the world’s population growing by 700 percent in that same time. The common thought among young people is that this 700 percent population growth is going to overpopulate the earth. But given the number of people in poverty, it looks like population growth is actually good for poverty – more people means more brains, which means more ideas, inventions, and innovations. This week on Words and Numbers, Antony Davies and James R. Harrigan talk about how and why the world is improving despite widespread negativity towards the idea of a growing world population, and why that negativity persists regardless of the prosperity we see every day. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Poverty is a big deal – it affects about 41 million people in the United States every year – yet the federal government spends a huge amount of money to end poverty. So much of the government’s welfare spending gets eaten up by bureaucracy, conflicting programs, and politicians presuming they know how people should spend their own money. Obviously, this isn’t working. This week on Words and Numbers, Antony Davies and James R. Harrigan delve into how people can really become less poor and what that means for society and the government. Learn More: https://fee.org/articles/what-you-should-know-about-poverty-in-america/   Learn more about your ad choices. Visit podcastchoices.com/adchoices