SYSK Choice: The Complexities of Ownership & What Money Really Is

Something You Should Know

Mike Carruthers | OmniCastMedia

Science, Social Sciences, Self-improvement, Education, Health & Fitness

4.6 • 4K Ratings

🗓️ 11 February 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How much gold is on our planet? And have we found most of it? This episode begins with some fascinating intel on gold including how much gold is actually in an Olympic Gold Medal and how much more gold is on a Nobel Prize. https://www.rd.com/article/gold-facts/ If you own your home, how much of the sky above it do you own? Why is “tolerated theft” actually encouraged by some businesses? These are just some of the interesting questions about ownership you will hear discussed with Michael Heller, one of the world’s leading authorities on ownership. Michael is professor of real estate law at Columbia Law School and co-author of the book Mine! How the Hidden Rules of Ownership Control Our Lives (https://amzn.to/3uDMJkn) Where did money come from in the first place? Why do we (and must we) agree that pieces of paper and metal discs actually have value? Listen as Jacob Goldstein tells the fascinating story of money. Jacob is co-host of NPR’s Planet Money program and author of the book Money: The True Story of a Made-Up Thing (https://amzn.to/2P11CwB). Jacob discusses things about money you probably didn’t knew including why there are more $100 bills than $1in circulation and who is uses them mostly. A lot of people collect autographs – but what makes certain ones so much more desirable and valuable than others? Listen as I explain what type of autographs are really worth something and which ones are worth little more than the paper they are printed on – and why. https://www.worldcollectorsnet.com/features/autographs/ PLEASE SUPPORT OUR SPONSORS! Dell Technologies’ Presidents Day event is here! The savings start now on select sleek XPS laptops and more powered by 12th Gen Intel® Core™ processors. Don't forget special pricing on the latest monitors, docks and accessories, plus free shipping on everything and monthly payment options with Dell Preferred Account. Just call 877-ASK-DELL for these limited-time Presidents Day deals! With With TurboTax, an expert will do your taxes from start to finish, ensuring your taxes are done right (guaranteed), so you can relax! Feels good to be done with your taxes, doesn’t it? Come to TurboTax and don’t do your taxes. Visit https://TurboTax.com to learn more. Intuit TurboTax. Did you know you could reduce the number of unwanted calls & emails with Online Privacy Protection from Discover? - And it's FREE! Just activate it in the Discover App. See terms & learn more at https://Discover.com/Online Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This message is sponsored by Discover. Did you know you could reduce the number of unwanted calls and emails with online privacy protection?
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0:24.0	And they'll do it for free. Activate in the Discover app. See terms and learn more at Discover.com slash online privacy protection.
0:34.0	Today on something you should know, how much gold is there in the world and have we gotten most of it?
0:44.0	Then understanding ownership. It's murky and fascinating. For example, they may have shared a password with a friend for HBO and Netflix and you're like, can I do that? Is that okay? Is that illegal?
0:57.0	And the answer is it's illegal. But HBO wants you to illegally share their passwords. They don't just tolerate. They actually encourage it.
1:05.0	Then what makes an autograph valuable and understanding money? You've probably heard we're moving towards a cashless society. But the amount of cash of actual paper money in the world is actually increasing. This is very largely driven by people's demand for $100 bills. What do we make of that?
1:27.0	Well, $100 bills are a really convenient way to do crime. All this today on something you should know.
1:36.0	Oh, there are a lot of things that feel really good. Like biting into a freshly baked chocolate chip cookie. Catching all the green lights on your commute or walking into a room with a roaring fire on a cold snowy day or finding the parking spot right by the front door of the store.
1:55.0	Well, you can add something else to that list. If you have a simple tax return, you can file for free with expert help with Intuit Turbo Tax Live Assisted Basic.
2:07.0	Get live help from tax experts who will answer your questions if you get stuck and help you better understand your taxes.
2:14.0	They'll even review your return before you file to get you the best tax outcome. And if you qualify, it's all free until March 31st.
2:23.0	See if you qualify to file free with expert help at TurboTax.com. Intuit Turbo Tax Live Assisted Basic is for simple tax returns only.
2:34.0	Must file by $331 for free offer, offer subject to change.
2:39.0	Something you should know, fascinating intel, the world's top experts and practical advice you can use in your life today.
2:49.0	Something you should know with my carothers.
2:53.0	Hey there, welcome.
2:55.0	As I've mentioned before, this part of the podcast, this introduction that I'm doing right now, is one of the last things I do before an episode is complete.
3:04.0	So I've already heard what you're about to hear. I was also part of what you're about to hear.
3:11.0	And in this episode, you're going to learn some fascinating things. Just for example, in the second interview today with Jacob Goldstein,
3:20.0	did you know, I can't believe this. There are more $100 bills in circulation in the United States than $1 bills.
3:30.0	I mean, I hardly ever use $100 bills. So why is that? The answer will fascinate you.
	...

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