Pennies, Ozempic, Are Ideas harder to find? and Slop

In this inaugural episode of Econ Nerds Live, hosts Matt Hill and Ariel Slonim discuss various economic topics, including the recent decision to stop minting pennies, the impact of AI on jobs, the price fluctuations of Ozempic. They also explore the challenges of innovation and idea generation, the pricing of non-alcoholic beverages, and the economic lessons learned from personal experiences, such as dealing with crows in the backyard.00:00 - Introduction to Econ Nerds Podcast01:13 - The Death of the Penny07:56 - AI and Job Market Changes09:59 - Video of the Week: Ozempic Pricing Loophole14:51 - Post of the Week: Scott Sumner on Populism 19:46 - Paper of the Week: Are Ideas Getting Harder to Find, Nicholas Decker summarizes the paper here22:44 - The Price is right? Price of Mocktails and Non-Alcoholic Beverages29:48 - Consumer Surplus and Deadweight Loss of the week33:55 - Archaeology Meets Economics - How to find ancient cities with trade theory39:20 - The Impact of War on Economies43:41 - Econ in the Wild: Personal AnecdotesOther posts mentioned:Infinite Scroll on slop: https://www.infinitescroll.us/p/stop-calling-everything-slop?utm_source=post-email-title&publication_id=1543281&post_id=164064724Pessimist’s Archive on Apple: https://newsletter.pessimistsarchive.org/p/thinking-different-is-never-popular?utm_source=post-email-title&publication_id=247795&post_id=162898051