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Freakonomics Radio

527. Can Adam Smith Fix Our Economy?

Dec 22, 2022
48:49

Podcast summary created with Snipd AI

Quick takeaways

  • Adam Smith's concerns about corporate corruption and worker exploitation are still relevant today.
  • Adam Smith's ideas go beyond free market capitalism and include advocating for wealth distribution and recognizing the negative effects of economic inequality.

Deep dives

Apple Card: The Credit Card Created by Apple

Apple Card is a credit card created by Apple that offers unlimited cash back on every purchase up to 3%. Cash back can be used instantly without waiting for rewards. The Wallet app on iPhone allows users to apply for Apple Card and start using it immediately. The card offers daily cash available as an Apple Cash Card or as a statement credit.

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