This is the Cator Daily Podcast for Tuesday, September 11th, 2018.

I'm Caleb Brown.

If you like taking financial advice from humor writers, self-described Blockhead, PJ O'Rourke has a new book for you,

it's called None of My Business, PJ explains money, banking, debt, equity, assets, liabilities, and why he's not rich, and neither

are you.

We discussed several of these topics when we spoke last week.

PJ, why am I not rich? I feel that the qu- I've sufficiently answered the question, if you're so smart,

why aren't you rich except for the fact that I'm not rich so I guess why

why is America's savings rate so low why are people spending the way they are?

Well those are a number of sort of discrete questions but let's start with why you're not

rich and I'm not either one is the skills you have to sell I think those skills are absolutely excellent. I like my own skill set too.

But there is always the matter of how much people will pay us for our skill set.

And very few Americans acquired a skill set that is well paid these

days. We failed to go to law school, we failed to go to medical school,

we failed to go to dental school, and we also weren't paying attention when the mathematics got really deep and dense, we failed to follow our high school math teacher

way into the weeds, like a lot of people who have made enormous amount of money in the United States.

It turns out the new economy, the post-industrial economy, turns out to be extremely math intensive.

I am a guy who about halfway through trigonometry got hatcheted by Chief Soakatoa.

There it stopped.

And the financial manipulation turns out to be, besides all the computer stuff,

financial manipulation and computer nonsense turn out to be the

most highly paid skills on the face of the earth.

...