Chapter
The Benefits and Limitations of Government-Led Programs
15:28 - 25:32 (10:03)
The effectiveness of large government-led programs vs. private companies is debated. Although many people prefer government health insurance, the markets remain the more effective method of inducing people to take action that positively benefits society.
Clips
The markets can organize economic activity and align incentives better than the government, therefore it works well for agriculture and other economic sectors.
15:28 - 20:17 (04:49)
Summary
The markets can organize economic activity and align incentives better than the government, therefore it works well for agriculture and other economic sectors. It's a pretty magical system that works given certain preconditions.
ChapterThe Benefits and Limitations of Government-Led Programs
EpisodePaul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income
PodcastLex Fridman Podcast
Despite the anti-government bias, people love the government health insurance program more than they love private health insurance, as the government does health insurance pretty well.
20:17 - 22:09 (01:51)
Summary
Despite the anti-government bias, people love the government health insurance program more than they love private health insurance, as the government does health insurance pretty well. However, a lot of money has been spent on making people hate the government.
ChapterThe Benefits and Limitations of Government-Led Programs
EpisodePaul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income
PodcastLex Fridman Podcast
Despite the current advancements in technology, the belief that we're living in a time of greater technological change than ever before is an illusion according to economist Robert Gordon, who remains a tech skeptic due to the availability of data and machine learning reducing demands in certain industries.
22:09 - 25:32 (03:23)
Summary
Despite the current advancements in technology, the belief that we're living in a time of greater technological change than ever before is an illusion according to economist Robert Gordon, who remains a tech skeptic due to the availability of data and machine learning reducing demands in certain industries.