Ep. 2221 Status Quo Bias Is Our Worst Enemy
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 20 October 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
If things are ever going to improve, we need to overcome the very powerful status quo bias that exists among the American population. Most people assume that the way things are is the way they must be, and the best possible way they can be. So even if you live in neither Oregon nor Idaho, you will want to hear my guest, Matt McCaw, discuss the Greater Idaho movement. Here is a case in which one simple change would make virtually everybody involved better off, and the only thing standing in the way is status quo bias.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 2221. |
| 0:03.0 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.1 | Your daily dose of liberty education starts here. |
| 0:11.5 | The Tom Woods Show. |
| 0:13.3 | Come on now folks, if you ain't going to start that side hustle now then win. |
| 0:17.9 | Check out my free ebook, Five Paths to an Online Income, where I take you step by step |
| 0:22.9 | through five things that I do that keep food on the woods household table and how you |
| 0:28.3 | can do them too. |
| 0:29.6 | Check it out at pathstaincome.com. |
| 0:33.1 | Everybody Tom Woods here, I am very glad to welcome Matt McCaw to the program today. |
| 0:38.4 | He is, I don't know, the key guy. |
| 0:41.0 | I think when it comes to this greater Idaho cause that I wholeheartedly support. |
| 0:48.1 | The issue will be, is there enough built-in status quo bias to stop people from making |
| 0:55.9 | a change that would benefit literally everyone involved. |
| 1:00.2 | So Matt, welcome to the show. |
| 1:01.6 | Hey, thanks for having me Tom. |
| 1:03.6 | That is the question, is can we push this board? |
| 1:07.0 | We don't have any problems selling our idea. |
| 1:10.4 | When we put our idea in front of voters, they like the idea. |
| 1:13.7 | When we ask voters on the other side of the state, do you like this idea? |
| 1:17.6 | They like this idea. |
| 1:19.3 | Our issue is going to be, can we get the political will to move this thing for? |
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