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Why Central Planning Always Fails | The Aneesh Karve Series | Episode 4 (WiM265)
The "What is Money?" Show
The Most Egregious Thing in All the Politics Is Graft
The most egregious thing in all the politics is graft, he says. "You imbezzle public funds or you somehow benefit from the policies that you advocate" Politicians can arbitrage by promising benefits and then forcibly evicting people to get those benefits for their own gain. The U.S. should take a look at its politicians' track record of getting re-elected, Seoul says.
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