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Wheelan discusses perverse incentives, something that happens when a person in charge is searching for a solution, and is ready to try unordinary methods. We encounter this everyday in sales, accounting, and in general in the Economics world. I work for a private college helping students plan their Career after graduating, map out their options, and ultimately place them with an Employer. Perverse Incentives happen where I work where our head of the department will do a contest to see who gets the most interviews for their students in a week, skewing what we are pitching or working on but ultimately progressing our overall goal as more interviews mean more hiring.

During Chapter 3 and 4, Wheelan talks about the government's influence in Economic Markets. He addressed how intervention can not always lead to good things, as Markets are made to be competitive, and over regulating can backfire on economies. My favorite example I like to use is Airlines, Airlines are known to be one of the best markets, known for the perfect market competition tendencies, and their methods of working with each other and alongside each other to profit. Nowadays, airlines are getting more regulated, for safety reasons, but flights and travelling has gotten more expensive. One indicator of over regulation in the Airlines industry in my opinion is the membership flights programs currently trending. These are ways that the airlines are taking advantage of that may sound good to the public, but were only made for the benefit of the airlines. Another thing Wheelan talked about was incentives, in the Economic world, there is always opportunity cost which indicates there should be incentives. Markets are closely monitored, without incentives, options are limited and we land in an imperfect market that will rarely be at equilibrium.