David McWilliams Podcast

d8491prj5boyvg · 04-01-2020 1:22am

CatFromHue wrote: »

I like the intro to the pod, the sounds bites from the financial collapse work well with the theme of the pod.

Dunphy's guitar intro can be jarring at times.

It sounds like David's co host or IT guy came up with them because they don't really mean anything "what on earth is happening on wall st"; "the economic indicators" ; etc - I've never heard that on a news bulletin! They all sound like they were recorded together. Still, I agree, fits well with the show.

Also, when you listen to any jingle often enough, it gets jarring. So it doesn't bother me, it's just something to signpost that you are in the right place, doesn't have to be Beethoven.

d8491prj5boyvg · 14-01-2020 12:15pm

Latest podcast on the election had some interesting talking points. Fine Gael is the party of the Normans and Fianna Fail the party of the gaels! I'd like to read the academic paper he mentioned.

It was a nice story I suppose.

radharc · 14-01-2020 9:57pm

Skyler Dirty Barracuda wrote: »

Latest podcast on the election had some interesting talking points. Fine Gael is the party of the Normans and Fianna Fail the party of the gaels! I'd like to read the academic paper he mentioned.

It was a nice story I suppose.

The anecdote at the start about the two grandfathers was very interesting and, in a funny way, made me feel quite proud of how our society generally overcame the war of independence / civil war.

d8491prj5boyvg · 14-01-2020 11:17pm

radharc wrote: »

The anecdote at the start about the two grandfathers was very interesting and, in a funny way, made me feel quite proud of how our society generally overcame the war of independence / civil war.

Yeah, really enjoyed that alright.

bamayang · 05-02-2020 5:28pm

God i would listen to that statistician fella regarding election polls, all day long. Man knew his industry inside out.

mikemac2 · 11-02-2020 6:30pm

I think this podcast would be better if they lost the sidekick

Now I’m not an expert
Can you explain it to me now
An ordinary joe like me

He gets names and quotes wrong also

I get he is there to act like the common man doing some pub talk but it’s not needed

Dunphy has nobody with him

Dufflecoat Fanny · 11-02-2020 6:43pm

mikemac2 wrote: »

I think this podcast would be better if they lost the sidekick

Now I’m not an expert
Can you explain it to me now
An ordinary joe like me

He gets names and quotes wrong also

I get he is there to act like the common man doing some pub talk but it’s not needed

Dunphy has nobody with him

Ya he over does the dob****e routine and the forced cackle laugh is very irritating

CatFromHue · 11-02-2020 7:15pm

I like him anyway, and think he helps the podcast.

One person just talking away by himself can get a bit boring.

completedit · 12-02-2020 12:59am

I actually like him too but yeh the pub stuff is a bit lame but also makes it listenable.

d8491prj5boyvg · 12-02-2020 11:06am

The pub chat is almost certainly scripted as it seems to segue nicely into the topic at hand. Not a bad thing if you don't spot it. But if you spot it, it can sound a bit off.

CatFromHue · 14-02-2020 7:31pm

Michael Lewis had a podcast of a few episodes out last year which was just him by himself.

It was tough enough going tbh as it did just sound like him reading out an essay, which it probably was.

That's why I like the side kick on McWilliams one, it does liven it up a small bit which helps massively in what's kind of a dry topic.

Just out of curiosity have many people on here signed up to his Patreon?

d8491prj5boyvg · 16-02-2020 2:07am

Agreed that the side kick is needed. I think it's the way it's used that people don't like.

SAM SO NITE · 19-02-2020 10:09pm

i need the " come ere to me head" repartee like a moose needs a hatstand.

igCorcaigh · 19-02-2020 11:03pm

Skyler Dirty Barracuda wrote: »

Agreed that the side kick is needed. I think it's the way it's used that people don't like.

Yeah agree.

Still, a decent production despite the flaws.

igCorcaigh · 19-02-2020 11:04pm

Anyway, who is the sidekick guy, I'm sure it's been mentioned, apologies.

completedit · 25-02-2020 10:03pm

Thought the German one was a really good episode. Forget how important the going ones in Germany are for us here. Or at least I do

26-02-2020 1:10pm

igCorcaigh wrote: »

Anyway, who is the sidekick guy, I'm sure it's been mentioned, apologies.

https://www.linkedin.com/in/johnardavis/?originalSubdomain=ie

generalgerry · 06-03-2020 11:34pm

igCorcaigh wrote: »

Anyway, who is the sidekick guy, I'm sure it's been mentioned, apologies.

He's the guy shoveling the coal in to David's ego.

Liamo57 · 06-03-2020 11:40pm

Must be the biggest bollix ever produced in Ireland. His parents should have been arrested for inflicting this ginger nut on the Irish public.

Arghus · 07-03-2020 1:04am

The blokeyness feels a bit forced at times, but it's a pretty good podcast IMO.

CatFromHue · 07-03-2020 6:02pm

I think they've a good rapport. Yeah every now and again it comes across as a bit forced but overall it's good.

Without it the podcast would be very stale imo

generalgerry · 07-03-2020 10:29pm

I do find him likeable for the most part, but as was said before McWilliams does suffer from a lack of self awareness. With his grandiose and authoritative tone, it's as if he expects his every word to be promptly transcribed and delivered to Moses on stone tablets.

08-03-2020 7:04am

mikemac2 wrote: »

I think this podcast would be better if they lost the sidekick

Now I’m not an expert
Can you explain it to me now
An ordinary joe like me

He gets names and quotes wrong also

I get he is there to act like the common man doing some pub talk but it’s not needed

Dunphy has nobody with him

McWilliams must have a low opinion of his audience if he thinks the sidekick is necessary.
Rather than lecture unchallenged like he does, he should aim to have interesting and esteemed guests on every week for real conversations about challenging topics.

zerosugarbuzz · 08-03-2020 7:42am

[Deleted User] wrote: »

McWilliams must have a low opinion of his audience if he thinks the sidekick is necessary.
Rather than lecture unchallenged like he does, he should aim to have interesting and esteemed guests on every week for real conversations about challenging topics.

I agree, I deleted it myself. Too commercial with news/music lead in and condescending throughout, pity about the delivery as I tend to agree with a lot he says.

11-03-2020 1:01am

mikemac2 wrote: »

I think this podcast would be better if they lost the sidekick

Dunphy has nobody with him

Dunphy is always talking to 1/more people in a sort of interview format.

he's never on his own.

d8491prj5boyvg · 19-03-2020 9:06am

Recent episode with guest talking about COVID19 is very good. Guest knows his stuff which makes all the difference. The helicopter money concept is in wide discussion and Trump is thinking about it. Sounds like an expensive way to stimulate the economy but I'd take a sharp cost to get things going than a long drawn out 2008-esque recession.

19-03-2020 10:26am

Skyler Dirty Barracuda wrote: »

Recent episode with guest talking about COVID19 is very good. Guest knows his stuff which makes all the difference. The helicopter money concept is in wide discussion and Trump is thinking about it. Sounds like an expensive way to stimulate the economy but I'd take a sharp cost to get things going than a long drawn out 2008-esque recession.

What stops people from hoarding that once off payment?

dr.kenneth noisewater · 19-03-2020 11:20am

Deleted User wrote: »

What stops people from hoarding that once off payment?

Its not about what people do with it, its to reassure everyone that everyone has cash available if needed

19-03-2020 12:06pm

I thought it was to also stimulate the economy

d8491prj5boyvg · 20-03-2020 11:20am

Both I would presume. By having the reassurance it is also stimulating the economy as transactions happen that wouldn't otherwise out of worry, regardless of whether the helicopter money was spent. But there may be ways to offer that guarantee without giving the money to people who dont need the guarantee!

Outkast_IRE · 20-03-2020 11:24am

Some would of course hoard the helicopter money. But those who need it most will spend it immediately on rent , food , bills etc.

Those who have some money will set it aside and if the crises ends soon will go and buy consumer goods such as TVs , home improvements etc. Giving a 2nd wave of stimulation .

If you were very wealthy already you prob wouldn't notice the amount come into your account and will carry on as normal.

generalgerry · 20-03-2020 10:35pm

I think he said that "C'mere head" thing at the start just to annoy ye all.

somewhere45 · 22-03-2020 2:29am

Outkast_IRE wrote: »

Some would of course hoard the helicopter money. But those who need it most will spend it immediately on rent , food , bills etc.

Those who have some money will set it aside and if the crises ends soon will go and buy consumer goods such as TVs , home improvements etc. Giving a 2nd wave of stimulation .

If you were very wealthy already you prob wouldn't notice the amount come into your account and will carry on as normal.

Dont know about you guys, but we have just stopped spending money on anything none-essential. Not because we dont have it spend, but just in case everything goes tits up. (mind you we do spend money in the local shop to help them keep going)
If anything landed into our accounts it would instantly be transferred into the emergency fund.
I know a lot of people just saw this as another something that would be contained fairly fast. But if you bothered to actually do a bit of research, read some science journals etc it was very clear that real experts was saying between the lines that this was a pandemic a month before it was declared as such. Wife laughed at me when I went out and did a big shop then.
She is not laughing anymore.

If you think people are fearful now, give it another couple of weeks from now when testing really ramps up around the world and the **** will hit the fan.

But in my opinion there is only one way to deal with this and that is fire up the money printing press and just throw as much money at the problem as possible. Ignore the potential future problems. This needs to be "fixed" as soon as possible.

We will all be living in a totally different world in 4-5 months.

But there will be positive changes as well, dont forget that. (And we are already seeing this happening now)
- I strongly suspect that the health system will be totally overhauled. (Long overdue)
- A lot of people have already stopped the whole me me me money money money attitude.
I see families spending time with each, going for walks, playing with their kids.
Reaching out to family and friend to make sure they are ok.
Offering to help neighbors, signing up for voluntary work.

All of a sudden our priorities have changed for the better.
I have reconnected with so many old friend that I had lost contact over the years.

I moved to Ireland over 20 years ago, its like we have gone back to that time again which made me fall in love with Ireland. (Something that has slowly been lost during the last 20 years where it all turned into Keeping up with the Joneses)

This too shall pass. hopefully most of the positive changes will stick.
We are all in this together people. Do what you can and if you need help reach out.

Stay safe and try and support your local smaller businesses. The big chains will survive no matter what. Its the smaller ones that need help.

completedit · 22-03-2020 6:29pm

I don't get the impact this helicopter drop would have. Even putting money into people's bank account, it wouldn't stimulate an immediate impact on demand since people can't go out and frequent the type of places that are suffering and won't be able to survive this down period? Is my logic flawed.

22-03-2020 6:57pm

completedit wrote: »

I don't get the impact this helicopter drop would have. Even putting money into people's bank account, it wouldn't stimulate an immediate impact on demand since people can't go out and frequent the type of places that are suffering and won't be able to survive this down period? Is my logic flawed.

People could pay their rent and buy food

d8491prj5boyvg · 24-03-2020 12:11pm

completedit wrote: »

I don't get the impact this helicopter drop would have. Even putting money into people's bank account, it wouldn't stimulate an immediate impact on demand since people can't go out and frequent the type of places that are suffering and won't be able to survive this down period? Is my logic flawed.

The spending of the money is one benefit, but the main benefit is the confidence it brings. You know people have a certain amount of money

McWilliams argues its 'free' as it's just printed and there is no inflationary consequence. In fact, inflation is good right now.

generalgerry · 24-03-2020 11:44pm

somewhere45 wrote: »

I strongly suspect that the health system will be totally overhauled. (Long overdue)

I think that you make the assumption that the Coronavirus has more power than the unions and other vested interests.

Diairist · 24-03-2020 11:52pm

McWilliams argues its 'free' as it's just printed and there is no inflationary consequence. In fact, inflation is good right now.[/QUOTE]

Leaving aside the human tragedy, covid has made us think of helicopter money. If inflation starts to creep up, central banks will have to raise interest rates. They have been forbidden from doing this for years and corporate debt has splurged. Also, central banks at this stage have no futher weapons.

Water John · 24-03-2020 11:55pm

We had no problem giving helicopter money to the banks and others in the last crisis.

25-03-2020 10:33am

Absolutely loving this podcast right now. He should put one out every day.

completedit · 29-03-2020 7:12pm

What school of Economics is McWilliams? Austrian?

Water John · 29-03-2020 8:07pm

Kilkennomics.

iancairns · 02-04-2020 7:11am

Hoping he’s right about the savings ECB could make on our €50b mortgage book which would trickle down to savings of €250 a month for a mortgage of 300k

completedit · 02-04-2020 6:25pm

Something I notice about McWilliams. It’s like he doesn’t realize that it’s not 1999 anymore. There’s a load of non academic economists out there that people are aware of. He might have the monopoly on that shtick in Ireland but. He did mention Milton Friedman but he acts as if this helicopter drop consumption smoothing idea is his own. At least based off the conversations with Johnnie boy.

I really like him though. He has an amazing way of synthesizing stuff. And a wide general knowledge and curious and inquisitive mind.

iancairns · 03-04-2020 9:41am

In fairness now, he's referenced a few times now that the Danes started the helicopter money approach, he's even said once it wasn't his own idea. I don't expect him to references it's not his own idea every time he mentions it as he brings it up so often as kind of a key action at the minute.

Big fan meself, love his pods and production improving week on week

Poor_old_gill · 20-04-2020 9:04am

completedit wrote: »

Something I notice about McWilliams. It’s like he doesn’t realize that it’s not 1999 anymore. There’s a load of non academic economists out there that people are aware of. He might have the monopoly on that shtick in Ireland but. He did mention Milton Friedman but he acts as if this helicopter drop consumption smoothing idea is his own. At least based off the conversations with Johnnie boy.

I really like him though. He has an amazing way of synthesizing stuff. And a wide general knowledge and curious and inquisitive mind.

I do agree that his USP has been diluted over the last few years with other people doing the same as him but I also have to agree with the fact that he does keep mentioning that Denmark has taken the helicopter money approach and I'm fairly sure he referenced, I think, Singapore in doing so also.

In reality very few economists lay claim to any idea as most suggestions are just an older idea/theory being applied to a modern situation

El_Duderino 09 · 20-04-2020 10:54am

I think he's fairly good at saying when he has an idea of his own. Any time he says "this idea called …" is an indication that the idea existed before and he didn't invent it.

He uses far more of other people's ideas than his own - which is no discredit to him. I just never got the impression he was making out the ideas he discusses, were his own.

shenanagans · 20-04-2020 11:11am

His friend is no addition to these podcasts. Often the first 10 minutes of the podcast are 2 friends catching up.....who wants to be listening to that.

All we hear from his friend is..... Yes ( repeatedly), Amazing, Really, explain that, I never knew that. Makes himself sound ridiculous.

Podcasts have been good since crisis but I'd stopped listening before that.

El_Duderino 09 · 20-04-2020 11:21am

shenanagans wrote: »

His friend is no addition to these podcasts. Often the first 10 minutes of the podcast are 2 friends catching up.....who wants to be listening to that.

All we hear from his friend is..... Yes ( repeatedly), Amazing, Really, explain that, I never knew that. Makes himself sound ridiculous.

Podcasts have been good since crisis but I'd stopped listening before that.

I know what you mean bit that's just a story telling device. John is there to make it a dialogue and give the impression that he's the everyman - he's you, in conversation with DM.

I don't mind it.

Poor_old_gill · 20-04-2020 11:26am

El_Duderino 09 wrote: »

I know what you mean bit that's just a story telling device. John is there to make it a dialogue and give the impression that he's the everyman - he's you, in conversation with DM.

I don't mind it.

It would be more interesting if he did it alone and started each new section with - "here's something else you idiots probably don't know"

David McWilliams Podcast

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