Todd Richard Yarbrough

@econotodd.bsky.social

Economist, Prof at Purdue University, Director of Student Experience/Business Partnerships for Purdue Econ, East Tennessean, Vol for Life, Tired Parent.

Me at 16 years old: Hey, I better read John Locke, Thomas Paine, Thomas Hobbes, Jean Rousseau, Henry Thoreau.... because understanding the philosophical underpinnings and nuances of the new American democracy will be very important in the future! Society in 2025: Get bent, NERD!

You can tell the people who haven't had to deal with daycare pickup/drop-off by their response to the videos. "Why wouldn't they LET HIM IN?!" Bro, they don't even let parents inside the building without at least 24 hr prior authorization.

I was born in 1985. I like to describe this experience as, "born in the 80s but remember the 70s." I cannot fully explain it, but that description feels perfect. Black and white TVs, rotary phones, beta-max, drunk driving as socially acceptable behavior.

I needed an economic catharsis or otherwise the current era was going to drive me insane. I also will always and forever be completely devoted to educating anybody willing to listen to basic economics. So, here I am discussing Monetary Policy and Fed Independence: youtube.com/watch?v=ZEer...

Back Porch Economics | Ep1: Should the US Federal Reserve Be Independent? +Monetary Policy Basics

YouTube video by Todd R. Yarbrough, Ph.D.

youtube.com

One of the things I was not prepared for was extent simply holding to account a president over decorum would be considered silly political correctness, so much that a so-called hostile press seems to largely turn a blind eye. POTUS called the Fed Bank Chairman "stupid." And it wasn't even a story.

I'm slowing realizing the only way people will ever accept replacing human customer service with AI is to get them so used to terrible service they will willfully accept the high propensity of error in AI service functions (e.g. insurance denials) because it will seem no worse.