#223 - Economic Possibilities for our Grandchildren (An Update)

Jacob and Rob talk briefly about emerging markets and a return to orthodox economic policies in places like Ethiopia, Nigeria, and Egypt. After a brief digression into the Bank of Japan’s decision to raise interest rates, they spend the rest of the podcast discussing a study that looked at the impact of direct cash transfers on labor supply and quality – and what it means that the key takeaway was that people want to have fun.

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Timestamps:

(00:00) - Intro

(01:47) - CI Club Concept

(05:45) - Global Geopolitical Updates

(07:38) - Focus on Nigeria and Ethiopia

(13:51) - Economic Strategies and Challenges

(17:49) - Japan's Economic Policies

(20:50) - Unconditional Cash Transfers Study

(29:05) - Challenges in U.S. Immigration and Workforce

(29:34) - Anecdotes on Job Market Shifts

(31:23) - Decline in Male Labor Force Participation

(34:57) - Universal Basic Income Study Findings

(40:34) - Philosophical Implications of Leisure

(44:29) - Automation and Future of Work

(46:47) - Starbucks Earnings and Service Quality

(48:06) - Historical Context and Policy Reflections

(55:59) - Concluding Thoughts and Reflections

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Jacob Shapiro Site: jacobshapiro.com

Jacob Twitter: x.com/JacobShap

CI Site: cognitive.investments

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