Ep 9: Do We Need Billionaires?

Econ Central

In a world full of pain and suffering, some say that it is perverse that billionaires exist. Do we need them? Yes, we do, argue Amit Varma and Vivek Kaul in episode 9 of Econ Central. Listen in for the argument, and the caveat, because hey, there's always a caveat. Also discussed: why the Congress Party's actions are the opposite of their words, and how we should think about economic reform. Also check out: 1. A Meditation on Form -- Amit Varma. 2. AoC's tweet, and the responses by Paul Graham and Geoffrey Miller. 3. Paul Graham's essays. 4. Green Shoots in the Desert Sand -- Episode 2 of Econ Central, which discusses the Zero-Sum Fallacy. 5. John D. Rockefeller and the Oil Industry -- Burton Folsom. 6. Trickle-Up, Not Trickle-Down -- Swaminathan S Anklesaria Aiyar. 7. Profit = Philanthropy -- Amit Varma. 8. The Working Rich Improve Our Lives -- John Stossel. 9. Bernie Sanders wants to tax Bezos, Musk, Zuckerberg's 'outrageous pandemic wealth accumulation' -- Caitlin McFall. 10. Government's End: Why Washington Stopped Working -- Jonathan Rauch. 11. Out-Arnabing Arnab -- Episode 8 of Econ Central. 12. The 10 Rules of Successful Nations -- Ruchir Sharma. 13. The Age of Stagnation -- Satyajit Das. 14. Vivek Kaul's controversial Twitter thread on interest rates. 15. Ajit Gulabchand Needs a Lesson in Economics -- Vivek Kaul. 16. The Death of Stock Markets -- Vivek Kaul. 17. The repo rate cut cycles help PSBs shore up capital -- Vivek Kaul. 18. India Today's Mood of the Nation poll. 19. The video clip of the Congress shooting the messenger. 20. Amit Varma's pieces and episodes on DeMon. 21. A Game Theory Problem: Who Will Bell The Congress Cat? -- Amit Varma. 22. The Hype Around the Stock Market -- Episode 6 of Econ Central (explaining the Congress's game theory problem). 23. Priyanka Gandhi extends party support for Ram Mandir -- ET Bureau. 24. Ram temple is coming up with consent of all: Kamal Nath -- PTI. 25. Kamal Nath's Ayodhya Act: 11 Silver Bricks, And 'Hanuman Chalisa' -- Anurag Dwary. 26. In Service of the Republic -- Vijay Kelkar and Ajay Shah. 27. Libertarianism by Necessity -- Episode 1 of Ideas of India, Shruti Rajagopalan's podcast. 28. The Art and Science of Economic Policy -- Episode 154 of The Seen and the Unseen (w Vijay Kelkar and Ajay Shah). 29. In the Wonderland of Investment -- AN Shanbhag and Sandeep Shanbhag. 30. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 31. Every Act of Government is an Act of Violence -- Amit Varma. Do subscribe to The India Uncut Newsletter, Amit’s new project, and check out his writing course, The Art of Clear Writing. And have a look at Vivek’s books, especially Bad Money.