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
- 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 Davies
Connect with Antony Davies:
Book: Cooperation and Coercion: How Busybodies Become Busybullies and What that Means for Economics and Politics
Show: Words & Numbers Podcast
YouTube: Antony Davies
Connect with Nathan Mersereau:
LinkedIn: Nathan Mersereau
Address: 36800 Woodward Avenue, Suite 200, Bloomfield Hills, MI 48304