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"if they money were spent intelligently" is doing a whole lot of work here
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I just listened to the 80k podcast episode where @robertwiblin interviewed Carl Shulman, and I recommend it! I think the summary in the screenshot below is pretty good, and Carl adds a ton of depth and detail about how he thinks about this stuff. podcasts.apple.com/us/podcast/80-
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Also that math is pretty bad. 4m isn't an average, more a max, and it's backward looking and it definitely wouldn't stay the same for everyone.. one only needs to look at our efforts for flood prevention etc in Katrina or power gen in Texas to see our hyperbolic discounting.
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