Episode 56: Tariffs Hurt Everyone, So Why Have Them?
Words & Numbers
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The Importance of Incentives in the Free Market
Workers at United might think that he's boosting morale by introducing the excitement of a lottery. So long as you weren't the smartest or hardest worker, you had an incentive to sit back and let your team members do the work. I'm guessing that lesson is going to end up being dare I say it yet again: Incentives matter. That's where I'd put my money.
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