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Ep. 423: Angus Deaton Interview With Michael Covel on Trend Following Radio

Angus Deaton
Angus Deaton

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My guest today is Angus Deaton, the fifth Nobel Prize winner to appear on this podcast. Deaton is a British American economist, and currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs and the Economics Department at Princeton University. His research focuses primarily on poverty, inequality, health, wellbeing, and economic development. In 2015, he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare.

The topic is his book The Great Escape: Health, Wealth, and the Origins of Inequality.

In this episode of Trend Following Radio we discuss:

  • Unemployment
  • Minimum Wage
  • Poverty
  • Economics
  • Money and happiness
  • The birth lottery

“In periods where there has been a tremendous amount of innovation, there is typically a very large increase in inequality.” – Angus Deaton

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Ep. 422: The Pay People Deserve with Michael Covel on Trend Following Radio

The Pay People Deserve with Michael Covel on Trend Following Radio
The Pay People Deserve with Michael Covel on Trend Following Radio

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Please enjoy my monologue The Pay People Deserve with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Unemployment
  • Minimum Wage
  • Ayn Rand
  • American economics
  • The seen and unseen consequences of a law
  • Libertarianism

“Given that minimum wages hurt the very people they are supposed to help, by restricting workers’ freedom, reducing their choices, and increasing unemployment, One must wonder why, despite decades of consensus among economists, politicians and pundits continue supporting these destructive regulations. They often do so because they want ‘send the right message’ about the ‘kind of society’ we want to live in. While this appears well-intentioned, the principle underlying such arguments is actually quite perverse: that it is better for us to feel good than to actually do good.” – Daniel Bier

“Prices are not levels that set value, they are metrics that reflect value.” – Anthony Davies

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