Texas oil decline & Airbnb in Cuba
Texas manufacturing activity declined in March with the production index falling to its first negative number in nearly two years off the back of record-low oil prices. Boom Bust guest host Ameera David weighs in. Gerald Posner, author of ‘God’s Bankers: A History of Money and Power at the Vatican’ tells how the Vatican Bank evolved from a rudimentary financial institution, relying mostly on donations, into an institution that rivals Wall Street investment banks. Bryan Caplan, professor of economics at George Mason University, talks about the US immigration debate and gives his take on why we don’t see more libertarianism and pacifism in mainstream politics. And in The Big Deal, Ameera and Erin discuss Airbnb and Google.
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