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:

 

Book: Cooperation and Coercion: How Busybodies Become Busybullies and What that Means for Economics and Politics

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