Smith: Real-world political redistribution relies on inefficient market distortions
Noah Smith · Dwarkesh Patel and Noah Smith on AGI and the Economy · Aug 4, 2025 · at 38:26
Noah Smith (economic commentator and writer) discusses political economy and redistribution mechanisms during a debate with Dwarkesh Patel on post-AGI economic policy.
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“In the real world, redistribution happens via things like the minimum wage or, you know, like letting the AMA decide how many doctors there's gonna be. So, so redistribution in the real world is not always the most efficient thing.”
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