Ep8 "Why Capitalism Works" with John Cochrane
All Else Equal: Making Better Decisions
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Is There a Trade Off Between Insurance and Incentives?
Northern scandinavia handles incentives a lot better than the us. They have higher taxes and more welfare payments, but they are very hard nosed about sa work requirements. Def if you don't pay your mortgage in sweden, they garnish your assets. But disincentives are particularly pernicious when they pile up year after year. Soi think we vastly overstate how much its actually going from rich to poor,. which it really isn't. The us. Is growing at half the rate that it didn t post wor era, and far more is possible.
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