The Economics of Golf

If central banks “control money,” why do we still get credit booms, banking crises, and bubbles, and what can a new Fed chair actually do about it? Who actually controls money, the central bank, commercial banks, or the markets? We break money into two parts: currency and finance ...  Show more

Not even “thermodynamically sound energy through time and space” makes Bitcoin money. In this episode, we take another hammer to the sacred cow of crypto and ask a simpler question: what does money actually have to do to count as money? We revisit our infamous chat with Michael S ...  Show more

In this episode, Smylie Kaufman and Charlie Hulme discuss the current state of professional and amateur golf, beginning with reports that the PGA TOUR and LIV GOLF - via the PIF - are close to a deal that would bring the two leagues under the same umbrella. Brentley Romine joi ...

With the world's most famous amateur golfer now in charge of the 'free world', the sport has never been more important in the lives of non-golfers. When Donald Trump was spotted cheating recently on a course in Scotland, it was recognised by enthusiasts and sportswriters as a maj ...  Show more

In June 2022, the first ever LIV Golf event teed off outside of London. Offering players larger prizes and more flexibility, LIV Golf aimed to disrupt the sport. In response, the PGA Tour suspended all players who participated in the LIV Golf event, escalating tensions between th ...  Show more

Golfing superstardom made him incredibly rich. Personal disasters nearly took it all away. How did Tiger Woods go from a child golfing prodigy to the world’s highest paid athlete for a whole decade? BBC business editor Simon Jack and journalist Zing Tsjeng explain how one of t ...