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The Intelligence Squared Economic Outlook, with Tim Harford, Part One

Intelligence Squared

ADVICE

Government's Economic Impact

  • Governments can influence economic change, but it's not a simple on/off switch.
  • They can improve or worsen the situation through policies like tax systems, infrastructure investments, and regulations.
  • While truly terrible governments can severely damage economies, most just exhibit varying degrees of incompetence.
  • Even with perfect governance, significant economic leaps shouldn't be expected due to the inherent complexity of large economies.
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