184. Alexander Green on Money & Why It Matters

The Michael Shermer Show

Michael Shermer

Dialogue, Science, Reason, Michaelshermer, Natural Sciences, Skeptic

4.4 • 921 Ratings

🗓️ 25 May 2021

⏱️ 101 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this special episode of the show Shermer and Green discuss one of the most important and yet poorly understood concepts in modern society: money and why it matters. They discuss: the origins of money, and how to make it work for you, how the stock market works, the power of compound interest, the secrets of millionaires, the difference between a IRA, 401(k), and a Roth IRA, hedge-fund managers and investment advisors, the relationship between risk and reward, the relationship between saving and spending, the problem with free market capitalism, money, happiness, and meaning, and the role of luck and contingency in how lives turn out.

Transcript

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0:00.0	You're listening to the Michael Sherman Show.
0:07.0	I'm your host Michael Sherman.
0:10.0	Keep our interest, our sponsor is the Great Courses, today's guest. Our sponsor is The Great Courses.
0:14.4	Plus, it's an app that's on your phone.
0:16.4	You just touch the phone and it opens right up to a course.
0:19.4	Apropos, my guest today.
0:21.0	This particular course I'm going to tell you about is the
0:24.1	economic history of the world since 1400. Well that's pretty much everything in
0:28.9	terms of modern economic theory. This is 48 lectures. Here's the beauty of the Great Courses Plus app. You
0:37.0	subscribe for the year. If you do it through this show you get a free trial and
0:42.3	20% off so it saves you about 30
0:44.2	bucks a year and you do that through the Great Courses Plus.com slash
0:49.3	Shermer that's the Great Courses Plus.com slash
0:53.0	Sherman to get you the free trial and 20% discount and you can access courses like this.
0:58.0	48 lectures each is 30 minutes long, how the Black Death Reshaped Town and Field, the Monorial Society in
1:04.9	Medieval Europe, Marco Polo, China, and the Silk Road Trade, European Plantation
1:10.6	labor problem, British Coal, Coke,, and a new age of iron, and on and on.
1:15.4	This is just up into the 20s and 30s, Adam Smith's argument for free trade.
1:20.1	World War I and industrial powers collide all the way up to the modern world of China,
1:25.8	half the world left behind in poverty, Gorbachev and the Soviet decline.
1:30.8	On and on the beauty of the Great Courses Plus app is that you can skip around. You can listen to anyone or all or none of these lectures. Try a different course. A whole bunch on finances and economics. So that's the Great Courses Plus.com slash
1:44.7	Sherman to get the free trial and discount.
	...

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