Basic Economics, Risk, and The Induction Principle

Nathan's back and we're talking Thomas Sowell again. Specifically, the chapter on risk and insurance in his book Basic Economics. Three points / misunderstandings to address when talking about risk:


1.) Properly placed risk pressures economic actors to make the right decision. (Skin in the game)


2.) It determines the rate of return on your investment and wages 

3.) Assurance (risk mitigation) is an industry that people take for granted


Colossians 1:17 - He is before all things, and in Him all things hold together.




All things Christ and Capital:  ———————-SUBSCRIBE













Track Title: Persephone - Retro Funky

Creation: SUNDANCE (Remix)

My additions: clips from Jay Richards, Thomas Sowell, Walter Williams, Gary Vaynerchuk, Jeff Durbin, and Gary North.


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