On Trump Tax Cuts - Mark Blyth & John Friedman

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techstepgenr8tion
SomeRandomGuy
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23 Dec 2017, 4:56 pm

Play time: 15:51.

Mark asking John about the gritty details, for those interested in this sort of thing.


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24 Dec 2017, 6:53 am

Thanks. It was interesting.

It's funny, so, "Bring that money abroad back" is just an accounting entry.


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techstepgenr8tion
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24 Dec 2017, 12:51 pm

Yeah, TBH responsible and irresponsible legislative tinkering is as difficult to make sense of here as telling which new dietary fad the American Medical Association is touting to be uber-healthy has anything to it. Econ almost seems to boarder on pseudoscience at times and part of why I like Mark is I can tell he's been able to at least been able to make sense of cause and effect historically even if I really doubt he, or anyone else, can really forecast the future.

One of the most interesting things they kept bringing up is saturation points for incentives and yeah - you really have to have your eyes on this stuff, daily almost, to get any intuitive sense of where out of a swarm of different competing interests that an industry, let alone all industries, would have which incentives still have any mileage and which ones are attempting to feed a second or third course meal on average.


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"The individual has always had to struggle to keep from being overwhelmed by the tribe. To be your own man is a hard business. If you try it, you'll be lonely often, and sometimes frightened. But no price is too high to pay for the privelege of owning yourself" - Rudyard Kipling