The Great Simplification with Nate Hagens cover image

Unlearning Economics: Jon Erickson, Josh Farley, Steve Keen, & Kate Raworth | Reality Roundtable #03

The Great Simplification with Nate Hagens

00:00

How to Ration Essential Resources in a War

When we rely on markets, we're going to allocate resources to those who can afford them leaving the poor to suffer miserably. We rely on price rationing without ever saying so. What if we ration based on physiological need for essential resources? I think it would be a far more efficient system in terms of creating human welfare. How could we get it right? And then we'll go to Kate.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app