029 Day in a Canoe with Antony Davies: Professor of Economics at Duquesne University

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