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029 Day in a Canoe with Antony Davies: Professor of Economics at Duquesne University
Manage episode 250371000 series 2285149
In this episode, Nathan and Antony Davies discuss:
- How to create change from an economic perspective.
- Sustainable incentives.
- Debts and government involvement in debt.
- The motivation behind writing his upcoming book, Cooperation and Coercion
Key Takeaways:
−The fundamentals of economics boils down to two things; all things have a trade-off and all people respond to incentives.
-The money the government spends without increasing the taxes will be taxed to unborn generations who will have to pay that debt despite having a say in this inherited debt.
−It is the government failing to do its job that is causing the short-term incentive problem, including the impact on the environment from companies.
−The biggest myth is that the government owes $23 trillion. The debt is much greater. That $23 trillion is just the federal government.
“The largest problem with the debt is that politicians have figured out a way to tax people who can't vote. And that's effectively what debt is." — Antony Davies
Connect with Antony Davies:
Show: Words & Numbers Podcast
YouTube: Antony Davies
Connect with Nathan Mersereau:
Phone: 248-645-1520
Website: www.dayinacanoe.com
Email: [email protected]
Twitter: @NathanMersereau
LinkedIn: Nathan Mersereau
Address: 255 S Old Woodward Avenue, Suite 310 Birmingham, MI 48009
73 episodes
029 Day in a Canoe with Antony Davies: Professor of Economics at Duquesne University
Day in a Canoe Podcast: Financial Planning, Wealth Management, RIA
Manage episode 250371000 series 2285149
In this episode, Nathan and Antony Davies discuss:
- How to create change from an economic perspective.
- Sustainable incentives.
- Debts and government involvement in debt.
- The motivation behind writing his upcoming book, Cooperation and Coercion
Key Takeaways:
−The fundamentals of economics boils down to two things; all things have a trade-off and all people respond to incentives.
-The money the government spends without increasing the taxes will be taxed to unborn generations who will have to pay that debt despite having a say in this inherited debt.
−It is the government failing to do its job that is causing the short-term incentive problem, including the impact on the environment from companies.
−The biggest myth is that the government owes $23 trillion. The debt is much greater. That $23 trillion is just the federal government.
“The largest problem with the debt is that politicians have figured out a way to tax people who can't vote. And that's effectively what debt is." — Antony Davies
Connect with Antony Davies:
Show: Words & Numbers Podcast
YouTube: Antony Davies
Connect with Nathan Mersereau:
Phone: 248-645-1520
Website: www.dayinacanoe.com
Email: [email protected]
Twitter: @NathanMersereau
LinkedIn: Nathan Mersereau
Address: 255 S Old Woodward Avenue, Suite 310 Birmingham, MI 48009
73 episodes
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