40: Biden’s Plan & The Hidden Costs of Government Action

In this episode, we discuss Biden's speech to Congress marking 100 days in office. In this speech, Biden announces two bills that replace the Infrastructure Bill: The American Jobs Bill and the American Families Bill. These bills and the language Biden uses to try and persuade Congress to pass them show one of the main problems with modern politics. Politicians and the voters who select them do not understand economics. And because they don't understand economics, they fail to fully realize all of the hidden costs inherent in any government action. We dive into what these costs are and why understanding them fundamentally changes the way you look at and solve the myriad issues that politicians misdiagnose on a regular basis. 

Music: Beauty Flow by Kevin Macleod
Photo: Mark Potterton on Unsplash