Day In A Canoe Podcast
029 Day in a Canoe with Antony Davies: Professor of Economics at Duquesne University
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:21:19
- More information
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Synopsis
In this episode, Nathan and Antony Davies discuss: How to create change from an economic perspective. Sustainable incentives. Debts and government involvement in debt. The motivation behind writing his upcoming book, Cooperation and Coercion Key Takeaways: −The fundamentals of economics boils down to two things; all things have a trade-off and all people respond to incentives. -The money the government spends without increasing the taxes will be taxed to unborn generations who will have to pay that debt despite having a say in this inherited debt. −It is the government failing to do its job that is causing the short-term incentive problem, including the impact on the environment from companies. −The biggest myth is that the government owes $23 trillion. The debt is much greater. That $23 trillion is just the federal government. “The largest problem with the debt is that politicians have figured out a way to tax people who can't vote. And that's effectively what debt is." — Antony Dav