Jason Hartman talks with Steven Landsburg, Professor of Economics at Rochester and author of Can You Outsmart an Economist, about the big economic questions of the day. Steven explains why central planning will never work, the “Economic Berlin Wall” Jason proposes, and why more sex is safer sex (and how that applies to economics).
[5:25] It’s virtually impossible for central planners to get economic issues right
[9:55] How minimum wage is taken care of by the Earned Income Tax Credit
[13:14] The “Economic Berlin Wall” in today’s society
[22:55] Using economics when considering the world’s population