A Government Official in Venture Capitalist's Clothing?
Stephen Dubner gives Marketplace host Kai Ryssdal a pop quiz that compares American aviator Charles Lindbergh to the Race to the Top education-reform program, which makes the government seem a bit more like a sleek venture capitalist than its typical bureaucratic self.
The moral of the story? One of the best-known free-market truths: competition leads to innovation — and a huge reward isn’t a bad motivator either.
Listen to see how Kai fares on the quiz and also hear from Arne Duncan, Peter Diamandis, and an engineer who does quite a lot with his free time.