Timeshare and Strategic Irrationality | #149
S01:E149

Timeshare and Strategic Irrationality | #149

•

Episode description

In this week's podcast, Dr. Justin Clarke takes the team through his experiences of timeshare presentations. Justin and Russ both have been through multiple timeshare presentations, and Justin brings a great argument to the table that everyone can use in their life. Justin asks during the podcast if it's okay to be irrational at times, and tells the audience at the end to be able to pull the "no" card out of your pocket in certain situations. We hope you enjoy it!


Timeline:

It's okay to be irrational - 5:30

Is rationality a constraint? - 9:05

Strategic irrationality is a tool - 14:20

Embrace a certain irrationality - 19:30

Some truths aren't expressable - 24:30

Back to loving freedom - 27:50


Quote of the Cast:

"How do we get out of this sales pitch?" - Russ

"I would punch that Tortoise in the face!" - Luke


The “Faith in Economics” podcast, produced by the Gwartney Institute at Ottawa University, explores the intersection of faith and economics as a means to aid human flourishing. In the episode, host Cole McRae converses with Dr. Russ McCullough, Dr. Justin Clark, and Dr. Peter Jacobson regarding recent developments in U.S. government efficiency efforts, particularly focusing on controversial figures like Elon Musk and initiatives like “Doge.” The panel discusses the idea of a “Doge dividend,” a proposed initiative where savings from government spending cuts would be returned to citizens in the form of checks, reminiscent of COVID stimulus checks, aiming to offer approximately $5,000 per American based on 20% of the budget cuts achieved.

The conversation emphasizes the need to restructure government expenditure and addresses the complexities of executing cuts responsibly, likening it to a surgical operation that inevitably removes some healthy aspects along with the waste. Dr. Jacobson and Dr. Clark express support for the dividend proposal, highlighting its potential to politically empower citizens and counter the narrative that tax cuts benefit only the wealthy. The economists advocate for a more significant percentage than 20% for dividends to encourage public awareness and engagement with government spending.

Diverse views regarding balancing the national budget and addressing the national debt also emerge. While Dr. Clark argues the importance of immediate compensation for spending cuts to bolster political will, Dr. Jacobson counters that the method whether through dividends or future tax cuts won’t ultimately impact debt responsibility. This lively discourse illustrates the nuanced relationship between government efficiency, fiscal policy, and citizen engagement, advocating for a systematic change that could reshape economic conditions while benefiting ordinary Americans through incentivized spending cuts. The episode concludes with reflections on the broader implications of the proposed Doge dividend amidst ongoing discussions about government deficits and accountability in spending.