About this episode

The episode discusses rational ignorance and public choice, exploring the implications of growing bureaucracies.

Some conversations don’t expire. We are re-releasing this episode because its message is just as relevant today as when we first shared it. Take a listen as the Gwartney team discusses rational ignorance and how society engages in it. Further, we investigate public choice and the dangers of growing bureaucracies. We hope you enjoy this episode and see how it fits into your life! Timeline: Public Finance / 2:30 Black Box (James Buchanan) / 5:00 Sugar Policies / 11:00 Poverty Reduction: Government vs. Church / 18:35 Profit of Politics / 22:15 Purchaser of Seats, Closed Market / 30:00 Structure of Government Creates a Hockey Stick? / 33:05

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