Episode 53 Transcript courtesy of Megan Pennock.
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Last episode lured a lot of armchair economists out of the woodwork, and everyone except for me and a few critical thinkers in the comments section turned out to be idiots. Ironically, the care package we received last episode with the broken bottles turned out to be way more valuable than had those bottles shown up intact. Maddox: 1, Economists: 0 (forever).
Speaking of psychics, I didn’t have time to mention it on the show, but in 2011 a psychic claimed to have a vision about a mass grave in Texas, which caused police to search an innocent couple’s property while the FBI, police dogs and helicopters buzzed overhead, which caused their neighbors to think they might be murderers. The psychic turned out to be wrong (gasp).
This week’s sponsor is our own bonus episode, thanks for supporting our show: Bonus Episode 7
And finally, the closing song, “Maddoxnomics”, by Robert Araujo.
Discovery – Fake predictions by fake psychics cause real damage to real people
Caltech – Tangshan Earthquake shits all over the broken window fallacy: p. 852, “A contract system in which the building funds came from future profits and tax relief.”