Is it a good thing for wealthy people to give money away? Is it a good thing for them to give half of it away? All of it? Is a pledge a gift? How should one who values a virtuous society think about this very idea? In this Capital Record, David looks at the results of a high-profile 2010 effort launched by Warren Buffett and Bill Gates, and suggests that there is a way to promote generosity that does not lend itself to a high-profile indulgence.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The World Bank has spent three decades saying industrial policy is a bad way to go -- stunting growth, creating bad signals, and facilitating suboptimal outcomes. But now, lo and behold, they claim that government management of an economy can be a very good idea, as long as it is done the way they suggest. The internal contradictions in this statist mess are easy to see, and we’re not having it. You shouldn’t either.

Show notes: WSJ on World Bank reversal on industrial policy

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Do financial transactions all add up to zero? Should we be more concerned with piety than technique? Is a business going out of business a good thing if the founder treats his people well? Does money serve a greater purpose if we apply nice-sounding adjectives to our marketing pitch? Are all views of human dignity okay as long as they end with humans having dignity? On today’s Capital Record, David analyzes a plethora of things he literally heard in the last few days alone!

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.