Jeff Sachs - Survival of the Fittest: The Need for Comparative Economics 3/5

The video discusses the president's budget, systemic issues in politics, and the federal fiscal system's funding challenges. It highlights the impact of debt and interest payments on public services and compares US economic policies with those of Northern Europe. The video also addresses public trust in government, the perception of government as an insurance agency for the rich, and the influence of market ideology on healthcare costs.

How does the text compare the US fiscal situation to that of Scandinavian countries?

What are the consequences of allowing bailouts and bonuses in the economy?

What does the text suggest about the need for comparative institutional analysis in economics?