Words & Numbers: Episode 313: Nudging and Capturing

Episode 313: Nudging and Capturing

Feb 8, 2023

Foolishness of the week: 10:57
Main episode: 11:17

The USDA is experimenting with paying people to eat fruits and vegetables. That sounds like a good idea, but it opens the door to regulatory capture wherein companies lobby the USDA to have their products included in the program, and where manufacturers add just enough ingredients to call their formerly-fruit-and-vegetable-free product a “fruit” or “vegetable” and so qualify for the USDA subsidy.

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Quick Hits

https://www.cnet.com/tech/computing/google-unveils-bard-its-chatgpt-rival-for-ai-powered-conversation/

Foolishness of the Week

https://www.msn.com/en-us/money/markets/biden-will-call-for-billionaire-tax-bigger-levy-on-stock-buybacks-in-state-of-the-union/ar-AA17aRGj