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    Education

    Words & Numbers

    Words & Numbers is one of the highest-rated economics podcasts in the world. Each episode, Antony Davies and James R. Harrigan dig into economics, political science, and current events to explain what’s actually happening and why it matters.

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    Copyright: © Creative Commons

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    Latest Episodes:
    Episode 477: Your Future Self Hates You Dec 02, 2025
    Show notes

    In this episode, we open with a look at how news coverage distorts public perception of danger, from shark attacks to terrorism, and why our instincts so often fail to match the data. We analyze the betting markets in regards to potential 2028 GOP presidential candidates. We discuss Ohio’s new proposal to offer paternity testing at birth, raising deeper questions about truth, family, and whether the state should standardize knowledge people may prefer not to have. We explore what consent really means in modern politics, how taxation relates to self-ownership, and whether withdrawing consent is even possible inside a democratic system. We dig into the philosophy of “future selves,” weighing whether personal choices today can violate the rights of the person we eventually become, and how this idea might reshape debates about children, drug laws, responsibility, and property rights. We wrap with the growing implications of deepfake technology, including one startling clip that hits very close to home.


    00:00 Introduction and Overview

    00:31 America’s Real Causes of Death vs. Media Coverage

    04:54 Heart Disease, Suicide, Homicide: Comparing Risk to Headlines

    07:47 Terrorism Coverage and the Outlier Problem

    09:27 Why Our Brains Misread Danger

    11:48 New Ohio Bill on Paternity Testing

    13:59 The Ethics of Mandatory vs. Optional Paternity Tests

    17:05 PolyMarket Odds for 2028 GOP Presidential Candidates

    21:48 What Yoga Can Teach Economists About Property Rights

    23:31 Self-Ownership, Labor, and the Logic of Markets

    27:01 Voting, Consent, and Withdrawing From the Regime

    34:13 Environmental Ethics and “Not Stealing From the Earth”

    36:23 Can You “Steal” From Your Future Self?

    37:25 Identity Over Time: Are You the Same Person Decades Later?

    42:08 Do Children Have Full Rights? And When Should They?

    43:42 Drug Laws, Nanny States, and Personal Autonomy

    45:21 Age Restrictions and the Problem of Arbitrary Lines

    50:34 Should Your Future Self Be Considered a Separate Entity?

    56:28 AI Voice Impersonation and AI Safety

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    Episode 476: Be Thankful Nov 27, 2025
    Show notes

    In this episode, we discuss the fallout from the government shutdown and how delays in federal economic data, including the Consumer Price Index and jobs reports, leave policymakers and the public effectively “driving without headlights.” We examine the broader risks of making monetary decisions without timely information and the political incentives surrounding data transparency. We turn to new reporting on Border Patrol surveillance, exploring constitutional concerns raised by nationwide license-plate monitoring, predictive algorithms, and civil asset forfeiture. We highlight the “foolishness of the week,” a Thanksgiving trend piece on secretly stoned dinner guests, before shifting to a Thanksgiving tradition of our own as we reflect on what we’re thankful not to have, from VAT taxes and debtors’ prisons to hostile borders, historic diseases, and restrictions on homeschooling and peaceful protest.


    00:00 Introduction and Overview

    00:33 The Government Shutdown’s Aftermath

    04:55 Border Patrol’s Expanding 100-Mile Authority

    07:13 Predictive Policing, License Plate Tracking, and Searches

    11:24 Civil Asset Forfeiture and Presumed Guilt

    13:41 Foolishness of the Week: The “Stoned Thanksgiving Guests” Trend

    15:57 What We’re Thankful to Not Have

    16:35 Value Added Tax

    18:28 Vaccines and the Elimination of Deadly Diseases

    20:50 Free Speech and Peaceful Protest

    22:08 Women’s Rights

    23:53 Guns as the Great Equalizer

    28:08 Homeschooling Freedoms and Education Restrictions of the Past

    32:40 Criminalization of Debt and Bankruptcy Laws

    34:05 Why Jailing People for Using Drugs is a Stupid Idea

    36:08 Friendly International Neighbors

    37:11 Declining Poverty

    38:46 Closing Thoughts on Gratitude and a Better World

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    Episode 475: American Consensus Nov 25, 2025
    Show notes

    In this episode, we discuss the firing of an FBI trainee over an LGBTQ+ flag and the broader tensions surrounding free speech, impartiality, and government workplaces. We examine conflicting messages from Trump and J.D. Vance about the state of the economy, along with the role tariffs and consumer sentiment play in shaping public perceptions. We highlight the “foolishness of the week,” involving a MAGA supporter accused of staging a hate crime, and we explore new polling that reveals surprising levels of national consensus on political violence, facts versus opinions, multiculturalism, and the influence of wealthy donors. We also break down what Americans really agree on, why those shared beliefs matter, and how they shape the health of our democratic system.


    00:00 Introduction and Overview

    00:29 FBI Fires Agent Over LGBTQ Flag Dispute

    02:39 Political Neutrality and Ideology in Law Enforcement

    04:48 Trump’s Economic Messaging vs. Consumer Sentiment

    07:38 J.D. Vance’s Call for Patience

    09:25 The Lingering Impact of Tariffs on the Economy

    11:39 Foolishness of the Week: The MAGA Hoax Incident

    15:46 Historical Parallels: Jussie Smollett and Tawana Brawley

    17:55 National Consensus: Americans Overwhelmingly Reject Political Violence

    22:13 Are Facts Real? Public Pushback Against Moral Relativism

    25:51 What Americans Really Think About Diversity and Multicultural Strength

    37:27 Where Consensus Breaks: Pace of Cultural Change

    39:50 Government’s Role in Basic Needs

    45:24 Wealth, Billionaires, and Limiting Political Influence

    50:11 Is Democracy the Best System—and Is Ours Working?

    53:15 Closing Thoughts on Civic Respect and Shared Values

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    Members: How Politics Matter For Upgrading Civilization - Join CiVL.COM Nov 23, 2025
    Show notes

    Words & Numbers Live is a members only series exclusive to CiVL.com in which Antony and James discuss politics, philosophy, and economics, and invite listeners for a live Q&A session. To participate, subscribe at CiVL.com, where you can see what lectures we have coming up, and access all of our Words & Numbers content.


    James and Antony take listener questions on politics, philosophy, and economics and how they matter for upgrading civilization.

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    Episode 474: Schoolhouse Farce Nov 20, 2025
    Show notes

    In this episode, we discuss the rising backlash to last week’s comments about Nick Fuentes, the distinction between personal judgment and deplatforming, and the broader question of what ideas belong in public discourse. We explore the failures of remedial education across major universities, the collapsing academic standards that allow students to advance without basic literacy and numeracy, and the systemic incentives that push institutions to “get students through” rather than educate them. We examine the roots of the public-school crisis, the role of property-tax funding, the constraints of unionized pay structures, and why market incentives and genuine school choice may be the only workable path forward. We also revisit lessons from the Soviet Union, grocery-store abundance, and what markets reveal about human flourishing in ways central planning never can.


    00:00 Introduction and Overview

    01:19 The Camino Story and Unexpected Love of Hiking

    05:03 Walking Ancient Roman Roads with Modern Tech

    07:50 Criticism, Free Speech, and the Nick Fuentes Debate

    13:24 Where to Draw the Line on Platforming Extremists

    14:49 The Difference Between Preference and Censorship

    18:43 Foolishness of the Week: University of Arizona AI Prompting Class

    20:13 College Remediation and the Math Skills Crisis

    23:08 The Collapse of Writing Standards in Higher Education

    24:31 Why Students Aren’t Being Educated Before College

    29:08 Public Schools, Property Taxes, and Unequal Outcomes

    33:53 Why Money and Teacher Quality Don’t Correlate

    35:34 School Choice, Competition, and Market Incentives

    37:02 Why Centralized Solutions Don’t Work in Education

    39:50 Markets, Feedback Loops, and Real Accountability

    46:11 Closing Thoughts and Listener Send-Off

    47:33 Aftershow: Khrushchev, Yeltsin, and the Grocery Store Lesson

    53:51 The Power of Markets: Food, Abundance, and Freedom

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    Episode 473: Blowing Bubbles Nov 18, 2025
    Show notes

    In this episode, we discuss how Meta and its algorithms shape what we see online, why the penny has finally been discontinued, and the legal and economic complications that follow from eliminating small denominations. For the “foolishness of the week,” we highlight a small-town newspaper that was awarded a $3 million settlement stemming from an unlawful raid, and the First Amendment implications it raises. We examine the disconnect between a sluggish economy and soaring asset prices, discuss how Fed policy and excess liquidity fuel inflation in financial markets, and consider what rising bubbles in stocks, housing, gold, and bitcoin mean for retirement planning and long-term investment behavior.


    00:00 Introduction and Overview

    00:37 Meta Entertainment and Hot Wheels

    04:49 The Discontinuation of the Penny

    06:45 How Eliminating Pennies Would Affect Retailers and Consumers

    11:18 Who Actually Has the Power to Change U.S. Currency

    12:49 Reflections on U.S. Currency

    15:57 Foolishness of the Week: $3 Million Newspaper Raid Settlement

    18:05 Press Freedom, Accountability, and Government Overreach

    20:58 Understanding Financial Bubbles

    24:29 Why the Markets Aren’t Reflecting Economic Reality

    27:35 The Fed’s Liquidity Regime and Phantom Wealth

    33:56 Unintended Consequences of Economic Policies

    37:55 Investing in a Changing Economy

    38:49 Retirement Planning in a Bubble-Driven Economy

    41:11 Learning from Historical Economic Events

    43:14 Personal Anecdotes and Economic Trends

    45:12 Future of Investments

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    Episode 472: Trumptimism Nov 13, 2025
    Show notes

    In this episode, we examine the growing disconnect between education theory and classroom reality, as academic research drifts toward identity themes while teachers confront daily behavioral and practical challenges. We discuss the BBC’s misleading edits of Trump’s January 6 remarks and what the scandal reveals about media trust, then turn to a “foolishness of the week” on claims about podcasting’s diversity problem. We analyze new polling that shows Trump losing ground with Republicans and independents, rising economic frustration, and how political pressure is driving shifts on tariffs, immigration, and labor policy. We also touch on the Epstein files debate and the constitutional limits on congressional speech, considering how these controversies reflect changing public opinion and the incentives that push policymakers back toward the center.


    00:00 Introduction and Overview

    00:34 Academia’s Incentive Problem

    07:47 BBC Scandal and Leadership Failures

    11:13 The “Podcast Diversity” Study

    13:01 Social Media Algorithms and Reel Addiction

    16:36 Trump’s Approval Slide and Voter Frustration

    22:00 What Off-Year Elections Reveal

    23:20 Inflation, Consumer Sentiment, and Economic Strain

    25:29 Trump’s Tariffs and Mercantilist Policies

    29:24 Immigration Shifts and Labor Shortages

    35:09 Government Limits

    37:50 Epstein Files and Foreign Influence Concerns

    43:48 Shutdown Fallout and The Republican Midterm Strategy

    49:49 Hope for the Future

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    Episode 471: 50 Years a Mortgage Slave Nov 11, 2025
    Show notes

    In this episode, we take a close look at the growing complexity of legislation in the age of artificial intelligence and how longer, denser bills create new incentives for politicians to hide provisions that voters would never spot on their own. We also examine the Trump administration’s new visa rules, including the unexpected decision to classify obesity as grounds for denial, and what this says about public policy and shifting cultural norms. We analyze Trump’s proposal for $2,000 tariff-funded checks and the Supreme Court case that could unravel the entire tariff structure, followed by a deeper dive into the real economics of trade, revenue, and political incentives. We finish with a look at the housing market, the push for 50-year mortgages, and why extending loan terms does little to address the underlying supply constraints driving home prices and unaffordability.


    00:00 Introduction and Overview

    00:28 The Future of Legislation in the Age of AI

    08:07 No Visas for Obese People

    12:12 Foolishness of the Week: $2,000 Checks for All Americans

    19:40 Trump’s Political Gambit

    22:35 Budget Deficits and the Myth of Tariff Revenue

    28:13 The Housing Affordability Crisis

    31:16 Mortgage Rates, Down Payments, and Lending Standards

    35:56 The 50-Year Mortgage Proposal and Its Real Costs

    45:08 30-Year vs 50-Year Mortgage Interest Rates

    51:51 Are Tiny Homes the Solution?

    53:50 How Politicians Could Implement 50-Year Mortgages

    56:17 The Role of Banks in the Lending Business

    57:18 What Mortgages and Loans Allow

    01:03:20 Predictions for 50-Year Mortgages

    01:07:01 Is Inflation Falling?

    01:09:19 Conclusions on Mortgages and Lending

    01:13:06 James’s Personal Mortgage Story

    01:15:41 The Problems with Higher Education and Student Loans

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    Episode 470: Partisan Death Spiral Nov 06, 2025
    Show notes

    In this episode, we discuss false scarcity and how fear drives bad economic decisions, comparing self-sufficiency with the global benefits of free trade and the trust that arises from voluntary exchange. We examine the economics of water management, from property rights and groundwater to desalination and market incentives for conservation. We also cover corruption in sports betting, political hypocrisy in market regulation, and the populist rise of figures like Tucker Carlson and Nick Fuentes. We explore the decline of moderation in American politics, the failures of the two-party system, and what genuine self-government could look like in a more responsible democracy.


    00:00 Introduction and Listener Mail

    02:56 The Illusion of Scarcity and Economic Fear

    04:14 Self-Sufficiency vs. the Benefits of Global Trade

    05:11 Trust, Trade, and Peace Between Nations

    08:24 Water Rights and the Economics of Groundwater

    10:18 Innovation, Desalination, and Market Incentives

    13:17 Sports Betting, Corruption, and the UFC Scandal

    16:50 The Economics of Insider Trading

    19:26 Foolishness of the Week: YouTube TV and Disney

    24:05 Tucker Carlson, Nick Fuentes, and Political Extremes

    28:21 The Rise of Populism and the Fall of Moderation

    34:03 How Social Media Empowers Extremists

    45:29 The Need for Statesmanship Over Leadership

    51:51 Breaking the Two-Party Grip on Power

    54:08 How to Restore Self-Government and Public Trust

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    Episode 469: An American King? Nov 04, 2025
    Show notes

    In this episode, we discuss vacuum espionage, election polling, voter bias, and the persistence of the “hidden Republican” phenomenon, before turning to the Foolishness of the Week on Barack Obama’s shifting racial politics. We then speak with historian David Beito, author of FDR: A New Political Life, about Franklin D. Roosevelt’s lasting impact on American governance. We examine how FDR reshaped the federal government through progressivism, centralized planning, and the expansion of executive power, connecting his presidency to modern debates over welfare, economic rights, and political authority. We also explore the contradictions of FDR’s leadership, his charisma and pragmatism alongside his willingness to suppress dissent, and how his policies continue to influence government and public trust today.


    00:00 Introduction and Overview

    00:53 The Smart Vacuum That Spied

    04:25 Off-Year Elections in California and New York

    06:55 Polling Bias and the Hidden Republican Vote

    09:15 Foolishness of the Week: Barack Obama

    10:21 Race, Identity, and Political Opportunism

    15:36 Guest Introduction: Historian David Beito

    16:58 Debunking the FDR Myth

    18:20 FDR’s Progressive Ideology and Power Mindset

    26:45 Central Planning and the New Deal

    29:09 Comparing FDR to Modern Presidents

    31:09 What If FDR Hadn’t Died in Office?

    34:53 FDR’s Second Bill of Rights

    40:18 Why the Great Depression Lasted Longer in America

    43:24 FDR’s Legacy of Surveillance and Bureaucracy

    48:10 Emergency Powers and Modern Parallels

    52:26 Closing Reflections and Book Plug

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