Network State Podcast
“there are reports that they've given out 17 shots of vodka in a single night to a homeless person. And this is like a 5 to $10,000,000 a year program”
Friedberg argues that change in income predicts happiness, which drives government spending through voter demand.
“Your change in income is your predictor of happiness. So if we start with that premise of like human behavior, the government now has an incredible the federal government in The United States has an incredible role in supporting a lot of people through active programs that pump money into businesses.”