4.6 • 32K Ratings
🗓️ 23 November 2017
⏱️ 45 minutes
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0:00.0 | One of our favorite things to do on this show is present a new idea, or maybe a new way |
0:11.7 | to think about an old problem. |
0:14.2 | Way back in 2010, the first year we made for economics radio, we did such an episode, |
0:20.0 | unbeknownst to us, one of the people who heard it was so inspired by the idea that he would |
0:25.2 | spend much of the next seven years turning it into something real. |
0:30.0 | Knowing that this had been a podcast that turned into an idea that ended up becoming a constitutional |
0:35.2 | amendment and that I had a piece of that thing that had happened, it was just super exciting. |
0:41.3 | That's Michael Gaudini. |
0:42.3 | Yeah. |
0:43.3 | And I am a policy advisor with the City of Austin. |
0:46.7 | In 2010, he was a 21-year-old college senior in Pennsylvania, interning in a state legislative |
0:52.8 | office. |
0:53.8 | I was really trying to get involved more in public policy at the time. |
0:58.2 | I listened to the Freakonomics podcast on Prislink Savings and I thought it was a really |
1:03.8 | cool idea that was pretty common sense. |
1:07.6 | And what you may be wondering is Prislink Savings. |
1:11.3 | So a Prislink Savings account is basically just a savings account in which you're incentivized |
1:16.5 | to put more money into your savings account. |
1:18.7 | The incentive comes in the form of cash payouts. |
1:22.2 | Unlike a lottery, but unlike a lottery, and that even if you don't win, you still have |
1:27.5 | your principle. |
1:28.6 | We kind of wanted to harness the same type of feeling that you get when you play the |
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