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    Ep. 125: The Importance of Finance

    Ep. 125: The Importance of Finance

    FromThe Seen and the Unseen - hosted by Amit Varma

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    Ep. 125: The Importance of Finance

    FromThe Seen and the Unseen - hosted by Amit Varma

    ratings:
    Length:
    49 minutes
    Released:
    Jun 17, 2019
    Format:
    Podcast episode

    Description

    People often talk of the world of Finance as a giant casino, where sociopathic bankers gamble with the livelihoods of real people. Economist Ajay Shah joins Amit Varma in episode 125 of The Seen and the Unseen to explain why this is a misconception, and why Finance is at the heart of our progress. Also check out: Why I Loved and Left Poker -- Amit Varma, from his poker column, Range Rover. Zombie Firms and Creative Destruction -- Episode 118 of The Seen and the Unseen. Futures Markets in Agriculture -- Episode 12 of The Seen and the Unseen. The Indian Financial Code Poker and Stock Markets -- Episode 47 of The Seen and the Unseen You can listen to this show and other awesome shows on the new and improved IVM Podcast App on Android: https://ivm.today/android or iOS: https://ivm.today/ios
    Released:
    Jun 17, 2019
    Format:
    Podcast episode

    Titles in the series (100)

    All public policies -- indeed, all actions by humans -- have two kinds of effects: the effects that are intended, and visible; and unintended consequences, which are invisible. The Seen and the Unseen is a podcast that aims to examine both the seen and the unseen effects of our actions. Presented by Amit Varma (a journalist for a decade-and-a-half, and winner of the prestigious Bastiat Prize for journalism in 2007 and 2015 -- the only person to win it twice), the show takes on a specific public policy in every episode, and dissects its seen and unseen effects. For example: the ban on surge pricing by Uber in Delhi. What is seen is that Uber no longer costs so much; what is unseen is that you cannot get an Uber at all, because of the scarcity that is a direct result of the price control. The host explains the economic reasoning at work, and talks to an expert who breaks it down further. The host will have a panel of experts at his disposal, from a variety of disciplines, and will speak to a relevant expert in every episode. Subjects covered will range from broad ones like the state of education in India, to narrower ones like the banning of 'victimless crimes' like prostitution and gambling.