In this episode of Econ Nerds Live, hosts Matt Hill and Ariel Slunum, along with guest Rob Raffety, debate the new $100,000 fee. Then we have our news quiz featuring apples and our old friend EJ Antoni, PhD. Then we our economic illiterates of the week and a poorly named segment.

Chapters

02:49 Discussion on H1B Visa Fee Proposal

07:01 Economic Implications of H1B Visa Holders

22:11 ChatGPT Conversations: Interesting or Boring?

26:12 Weekly News Quiz: Government Shutdown Insights

44:09 Poorly Named Economic Concepts

47:29 Econ Illiterates of the Week

52:48 Econ in the Wild: Real-Life Applications

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Prof. Richard Sylla tells how Alexander Hamilton, a poor immigrant from the West Indies, dreamed up and then revolutionized America’s financial system, paving the way for 250 years of growth.

Then Prof. Sylla tells us what the architect of the U.S. National debt would think about today’s national debt.

00:00 Hamilton's Early Life and Move to America

00:51 The Differences Between the West Indies and American Colonies

04:56 Hamilton's Education and Early Writings

08:25 Hamilton's Military Career and Role in the Revolution

11:31 Hamilton's Financial Insights and Strategies

20:32 Hamilton's Role in the Constitution's Ratification

23:30 Key Components of a Modern Financial System

27:05 The Room Where It Happened: Political Bargaining

34:53Establishing the Bank of the United States

39:20 Hamilton's Perspective on Modern Fiscal Policy

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• How can you know if there is a recession coming? Are there some secret economic indicators?
• News Quiz! Coffee Prices and Chinese EVs
• The economists are fighting over firewood
• Not Investment Advice: Betting on the NY Mayor race
• Econ in the Wild: Library books and Trump joins the trivia team

01:09 Recession Fears and Economic Indicators

04:57 Alternative Indices for Predicting Recessions

09:03 Current Economic Data and Concerns

14:10 News Quiz

25:05 The Economists are fighting!

35:02 Not Investment Advice: NY Mayor Bet

39:49 Econ Illiterate of the Week

44:23 Econ in the Wild

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⁠https://www.youtube.com/@EconNerds⁠