American Institute for Economic Research

This is just the latest example of how sports betting and market speculation are reshaping entertainment, but there are signs that the impact goes much deeper than just what we do in our spare time.

Jeffrey Degner is an economics research fellow at the American Institute for Economic Research and the author of a story published by UT's Civitas Institute with a provocative title, Rational Vice, Will Gen Z Gamble Its Way to Retirement? Jeffrey, welcome to the Texas Standard.

Thanks for having me, David.

Why are you focused on this generation in particular here with this research?

And because of the nonstop access to sports television, let's say, of course, we know the big names in the networks where they can watch 24-7 and gain the kind of information that makes them feel like experts.

and feel like they have a little better shot at making some winnings, but that just is not bearing out in the actual results where fewer than 5% of active gamblers actually wind up in positive territory, and the very best gamblers wind up making five-figure incomes And again, that's a very risky way to make, say, $40,000 a year, where you can go from $40,000 one year to zero the next.

This is a fascinating article titled, Will Gen Z Gamble Its Way to Retirement? Jeffrey Degner is an economics research fellow at the American Institute for Economic Research.

Jeffrey, thanks so much for talking with us on The Standard.

How did those Biden administration interventions change? How do those work out for the comparison chopper, Lindsay, John? For more on this, pleased to be joined by Jeffrey Danger.

He's a research fellow at the American Institute for Economic Research.

He joins us now.

Jeffrey, thanks for being with us.

I've just loved getting to be a part of your lives in a small way every Friday and every Tuesday at American Experiment and on this lovely show.

I will be going to actually a national organization called the American Institute for Economic Research that has been doing research.

education, outreach on issues of the economy all the way back since 1933.

They're based out of Massachusetts.

then classical liberalism can go awry and it can deteriorate into something radical in the same way that the French Revolution became something radical and ugly and dangerous in a way that the American Revolution didn't.

This is The Economist Next Door, a podcast brought to you by AIER, where we make complex economic ideas accessible.

No PhD required.

Well, welcome to another episode of The Economist Next Door.

And I think we haven't done quite as much of that as we should, which is it could be as simple as just like reaching out to the young people in your life and like.

reading with them and talking to them about philosophy and those things.

And it could be at an institutional level, things like what AIER has done and other groups in this movement, which I'm so glad about, which is they've realized in addition to having an economic boot camp, we should also be having our fellows and our interns and the people who come through our programming grapple with this legacy of ideas and philosophy on that side of things.

Because we need to help them answer those questions or they're going to go find answers somewhere else.