Chapter
Private Sector vs Government Resource Allocation
05:56 - 11:12 (05:16)
The speaker believes that the private sector is more efficient in allocating resources compared to the government. He provides an example of how the incentives differ in the two sectors in relation to oil extraction.
Clips
A Naval Academy graduate who followed in John McCain's footsteps, became a Naval Flight Officer, and flew F-18s for four years including 75 combat missions during Operation Iraqi Freedom.
05:56 - 06:48 (00:52)
Summary
A Naval Academy graduate who followed in John McCain's footsteps, became a Naval Flight Officer, and flew F-18s for four years including 75 combat missions during Operation Iraqi Freedom.
ChapterPrivate Sector vs Government Resource Allocation
Episode#31 - The Wild Wild West of Mineral Real Estate
PodcastMy First Million
The host shares his experience of starting a business with his fellow military members and encourages people not to write themselves off while working another job.
06:48 - 08:37 (01:49)
Summary
The host shares his experience of starting a business with his fellow military members and encourages people not to write themselves off while working another job. They also discuss the current state of the oil business.
ChapterPrivate Sector vs Government Resource Allocation
Episode#31 - The Wild Wild West of Mineral Real Estate
PodcastMy First Million
The speaker believes that the private sector is better equipped to allocate resources than the government, citing the difference in motivation and incentive.
08:37 - 11:12 (02:34)
Summary
The speaker believes that the private sector is better equipped to allocate resources than the government, citing the difference in motivation and incentive. The speaker also mentions that the US is the only major country where citizens can own the land with resources beneath it.