You Give People Money and Not Expecting Anything in Return

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i'm fascinated by how lives turn out in o jean's environment, luck, contingency so forth. To be born to a crack addicted mother in inner city baltimore itas like starting life eough as a foot race in a ten foot hole. Ri ye arthur brookes used to be wat the american enterprise instituts to talk about te feeling that most correlates with success in life is iisis a feeling of earned success. So when you give people money for doing nothing, you take away their incentive to do something, be something, be proud of what they've created or done.

In this special episode of the show Shermer and Green discuss one of the most important and yet poorly understood concepts in modern society: money and why it matters. They discuss: the origins of money, and how to make it work for you, how the stock market works, the power of compound interest, the secrets of millionaires, the difference between a IRA, 401(k), and a Roth IRA, hedge-fund managers and investment advisors, the relationship between risk and reward, the relationship between saving and spending, the problem with free market capitalism, money, happiness, and meaning, and the role of luck and contingency in how lives turn out.