On this week’s episode of Freakonomics Radio: doctors, chefs, and other experts are much more likely to buy cheaper, store-brand products than premium brands. What do they know that the rest of us don’t? And if we followed their lead, how much money could we save?
Then, imagine a world with neither marijuana nor alcohol, and then suddenly both are discovered. What happens next? How would they be regulated? How would we weigh the relative benefits and costs of alcohol versus marijuana?