Business
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: nathan.mersereau@planningalt.com Twitter: @NathanMersereau LinkedIn: Nathan Mersereau Address: 36800 Woodward Avenue, Suite 200 Bloomfield Hills, MI 48304