The Deep State of Desperation | Ep. 547 - The Daily Dose

,Lex Fridman Podcast full episode: https://www.youtube.com/watch?v=8NLzc9kobDk Thank you for listening ❤ Check out our sponsors: https://lexfridman.com/sponsors/cv8258-sb See below for guest bio, links, and to give feedback, submit questions, contact Lex, etc. *GUEST BIO:* Javier Milei is the President of Argentina. This episode is available in both English and Spanish. *CONTACT LEX:* *Feedback* - give feedback to Lex: https://lexfridman.com/survey *AMA* - submit questions, videos or call-in: https://lexfridman.com/ama *Hiring* - join our team: https://lexfridman.com/hiring *Other* - other ways to get in touch: https://lexfridman.com/contact *EPISODE LINKS:* Javier Milei's X: https://x.com/JMilei Javier Milei's Instagram: https://instagram.com/javiermilei Javier Milei's Facebook: https://facebook.com/JavierMileiEconomista *SPONSORS:* To support this podcast, check out our sponsors & get discounts: *Eight Sleep:* Temp-controlled smart mattress. Go to https://lexfridman.com/s/eight_sleep-cv8258-sb *NetSuite:* Business management software. Go to https://lexfridman.com/s/netsuite-cv8258-sb *BetterHelp:* Online therapy and counseling. Go to https://lexfridman.com/s/betterhelp-cv8258-sb *AG1:* All-in-one daily nutrition drinks. Go to https://lexfridman.com/s/ag1-cv8258-sb *LMNT:* Zero-sugar electrolyte drink mix. Go to https://lexfridman.com/s/lmnt-cv8258-sb *PODCAST LINKS:* - Podcast Website: https://lexfridman.com/podcast - Apple Podcasts: https://apple.co/2lwqZIr - Spotify: https://spoti.fi/2nEwCF8 - RSS: https://lexfridman.com/feed/podcast/ - Podcast Playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 - Clips Channel: https://www.youtube.com/lexclips *SOCIAL LINKS:* - X: https://x.com/lexfridman - Instagram: https://instagram.com/lexfridman - TikTok: https://tiktok.com/@lexfridman - LinkedIn: https://linkedin.com/in/lexfridman - Facebook: https://facebook.com/lexfridman - Patreon: https://patreon.com/lexfridman - Telegram: https://t.me/lexfridman - Reddit: https://reddit.com/r/lexfridman

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Great Moments in Unintended Consequences: Coin Mail, Fertilizer Ban, and Hawaiian Mongoose (Vol. 14)

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,Good intentions, bad results. Watch the whole series: https://www.youtube.com/watch?v=1lUrH4Sbgh8&list=PLBuns9Evn1w9XhnH7vVh_7C65wJbaBECK&index=1 Do you know a great moment in unintended consequences? Leave a comment or email us at comedy@reason.com. ----- Part One: Pros and Coins The Year: 2008 The Problem: People aren't switching to dollar coins, even though they're heavier! The Solution: Allow the general public to purchase the coins at face value, directly from the U.S. Mint, and cover the cost of shipping. Sounds like a great idea, with the best of intentions. What could possibly go wrong? Turns out, people like free stuff! And some credit cards offer rewards. Consumers realized they could charge thousands of dollars worth of coins and then immediately pay off the balance with those very same coins, earning loads of free airline miles. Eventually, the Mint caught on, changed their rules and blocked suspicious buyers from further purchases, but not before many had jacked up their reward points banking free trips around the world. One frequent flier even is said to have bought $800,000 in coins helping him earn lifetime platinum-elite status on American Airlines. Now that's a coin trick. Part Two: Crop Drop The Year: 2021 The Problem: Sri Lanka's farms aren't organic. The Solution: An immediate nationwide ban on synthetic fertilizer and pesticides—which coincidently saves Sri Lanka $400 million in annual subsidy costs while they wrestle with a deep fiscal crisis. Sounds like a great idea, with the best of intentions. What could possibly go wrong? Turns out synthetic fertilizers and pesticides actually work! Six months after the presidential decree, Sri Lanka's biggest export, tea, was down 18%. Rice production plunged 20%, forcing the once proudly self-sufficient country to import rice at a cost of $450 million. Due to public backlash, the government was forced to reverse their ban and pay out hundreds of millions to compensate farmers—deepening the country's economic crisis, and fanning protests that led to the president's resignation and temporary exile. Rice knowing ya! Part Three: Wild Mongoose Chase The Year: 1883 The Problem: Rats in Hawaii are damaging valuable sugar crops. The Solution: Control the rodents by introducing a new predatory species: the Small Indian Mongoose. Sounds like…let's be honest we all know where this is going. It turns out rats are generally nocturnal while the Small Indian Mongoose is active during the day. So the two species rarely met! Luckily for the mongooses, Hawaii is full of appetizing native wildlife including sea turtle eggs and numerous species of endangered birds. With no natural predators, the Mongoose thrived! A hundred years later, they remain a massive problem on many of the islands. Great moments in unintended consequences: good intentions, bad results.