Welfare incentives, fraud, and game theory

Welcome back to another thought-provoking episode of Impact Theory with Tom Bilyeu. In this rousing live edition, Tom Bilyeu is joined by Drew and Mason as they dive deep into the current social, economic, and political landscape. The conversation journeys from the psychological effects of economic insecurity—where Tom Bilyeu unpacks Nobel laureate Daniel Kahneman’s theory on how people behave under fiscal pressure—to the global ripple effects of money printing, debt, and conflict escalating around the world.

Together, the hosts break down timely topics such as speculative asset bubbles like Pokémon trading cards, the complexities of modern capitalism versus cronyism, and the disruptive force of AI on economies and societies. Alongside insightful analysis of political strategies seen in the latest U.S. campaigns, they also touch on global affairs, pop culture shifts, and the importance of understanding history to make sense of today’s world.

Fans of Impact Theory will especially appreciate Tom Bilyeu's candid storytelling and the lively audience Q&A, where everything from nostalgic trading cards to the nuances of libertarianism and the realities of American infrastructure are on the table. Get ready for an episode that will challenge conventional wisdom, encourage critical thinking, and remind us just how interconnected—and unpredictable—our world truly is.

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