We tend to think of the government as the solution to all our problems. But governments are people. And people respond to incentives.

Welcome to Episode 33 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In this episode, Amit and Ajay talk about a branch of economics that they both love: Public Choice Theory. This is the study of how politicians, bureaucrats, special interests and voters all respond to incentives -- and why this often goes against the interest of We the People. This is why government failure is ubiquitous.

This episode was first published on YouTube on February 9, 2024. For magnificent, detailed, juicy show notes, click here.