Digital Platform for Economic Policy Simulation

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Digital Platform for Economic Policy Simulation

Inspired by a conversation on:

Conversations with Tyler

Conversations with Tyler

George Selgin on the New Deal, Regime Uncertainty, and What Really Ended the Great Depression

Host: Tyler Cowan

Timestamp: 00:14:00 - 00:15:00

Listen to Episode • View Podcast • All Ideas from Conversations with Tyler

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Feather Flow

Direct Quote

"I would have favored more fiscal stimulus to the extent that they could come up with stuff to spend it on."

Market Gap

Policymakers struggle to find effective fiscal stimulus options.

In times of economic downturn, particularly during crises like the Great Depression, policymakers often find themselves unable to identify effective fiscal stimulus measures. This uncertainty can paralyze decision-making, leading to delayed actions that could alleviate economic suffering. Current methods rely heavily on historical data and intuition, which may not accurately predict the outcomes of new policies in a dynamic economic environment. As demonstrated in the discussion, there were missed opportunities during the New Deal era, emphasizing the need for better tools to evaluate potential fiscal policies before implementation.

Summary

The business idea revolves around the creation of a digital platform that allows policymakers to simulate the effects of various fiscal policies in real-time. By using advanced modeling and data analytics, the platform would enable the testing of different spending proposals and their potential economic impacts before they are enacted. This could help identify the most effective measures for stimulating economic growth during downturns. Target users would include government agencies, think tanks, and economic advisors who need robust data to support their policy decisions. The platform could employ gamification techniques to visualize outcomes and engage users in understanding complex economic interactions.

Categorization

Business Model
Platform
Target Founder
Subject Matter Expert
Difficulty
High
Time to Revenue
6-12 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$2,000 - $5,000 MRR
Moderate (Most Likely)
$10,000 - $20,000 MRR
Optimistic
$40,000 - $80,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7.2/10
Found on October 15, 2025 • Analyzed on October 15, 2025 2:22 PM

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How should I validate this platform idea before building it?

2:34 PM

Great question! For a platform idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Subject Matter Expert to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your high difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 6-12 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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