This episode examines the political debates around public health and public health policy. It is a perfect case study to illustrate so many of the principles covered in earlier podcasts, such as capitalism, externalities, risk, paranoia, and the dumbing down of America.

Welcome to The Boiling Frog reboot! The first 26 episodes were examinations of general topics, such as understanding capitalism, how social psychology belies the principles of capitalism, and how this all shapes political dialog. The new podcasts will look at specific policies of the new administration and use those as case studies to illustrate the real-life impact of those general concepts.

We start with tariffs, a word that Donald Trump loves and is already deploying across multiple sectors and trading partners. The principles we examine go back to two earlier podcasts – our very first one, Laissez Frog, which was about capitalism in general, and our 21st episode, Greenbacks, which was about taxes.

This podcast is all about labor unions – why they exist, their history in the U.S., a brief comparison with unions in other countries, the pros and cons of unions, and the larger political implications of their existence.

This is a controversial topic in U.S. politics, with many voters (and most elected officials) falling squarely into the “pro-union” or “anti-union” camp. But as with most issues, the truth is much more nuanced and complicated. Labor unions in the U.S. formed – and largely still exist – because of failures in market capitalism. As discussed in our very first podcast, capitalism is based on a number of principles to ensure resources are most efficiently allocated, but in real life those principles are rarely met. This is particularly pronounced in the labor market, which is fraught with friction and often monopsony employers.

Building off the prior podcast on learning from the past, this discussion is all about success and failure. We all know the common wisdom that we all learn more from failure than from success, but of course we don’t strive to fail all of the time!