Guest(s): Kevin Hassett
First year economics classes usually begin the semester with the principles of supply and demand.
You learn that incentives matter and that to suggest otherwise is to betray basic principles of economics – and human nature.
You learn that you can ignore or violate these fundamental laws, but that you cannot change them.
You learn that throughout history the societies that have succeeded recognize and respect these economic laws – they use them to their advantage.Watch Now
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