Robert Smith
speaker
1,476 appearances
11 recordings
6 series
first heard Dec 2024
last heard 8 Jul
Robert Smith’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Jul 2026 with 1.
Appearances
Is that a good thing?
Does that help?
Excellent question.
I assume the money comes at some point from the farmers.
And maybe this is how a healthy amount of speculation can turn into a speculative bubble.
At a certain point, economists always argue this, prices can become divorced from reality and everyone's trying to buy or sell based on who might come into the market, the greater fool theory as prices go up.
It didn't seem to happen in the Australian water market.
But it does happen.
It happened with the real estate bubble in America in 2006.
So this is the thing about markets.
They usually increase efficiency.
But there are people who make money and there are people who lose money.
There are winners and losers in a market.
We actually talked a lot about that in last year's summer school about government and government policy.
Justin, if you don't mind, I'm going to just throw a little assignment in here for our listeners at home.
What is the scarce resource in your neighborhood or your state or your country?
Mine is picnic tables in Prospect Park near where I live, impossible to get.
What is your scarce resource and could a market be designed to help?
Could you make that market more efficient?
Could you grow the pie and slice it so that everyone gets more of that scarce thing?
Showing 61–80 of 1,476 · page 4 of 74
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