AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
The Nature of Discrimination | The Aneesh Karve Series | Episode 3 (WiM212)
The "What is Money?" Show
The Importance of Incentives
People following incentives, not laws, that is something very fundamental to human action. It just sort of undermines this whole notion of passing policy or legislation that creates an outcome. What is the cost of obtaining specific versus non-specific information and they'll act accordingly? And I'm just reminded here of how terrible central banking must actually be because it's actually distorting the metric by which we discriminate among various input costs.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode