More freedom means more choice More money buys more choice More money buys more freedom
During the Constitutional Convention in 1787, Ben Franklin was concerned that giving states equal power regardless of their populations would allow a minority to rule a majority. Fast forward to 2020: The GOP Senate majority […]
I’ve never met someone in HR who keeps track of the marginal product of labor. In the real world (like outside of an econ textbook) employee pay has little to do with actual productivity and […]
The US Senate *majority* represents a *minority* of the population and a minority of the economy. The very structure of our government is flawed—and it’s exactly what the protagonists of the US Constitution feared. Lot […]
Short version (to be elaborated on in future post): UBI (and M4A and affordable housing) raises reservation wage –> shifts labor supply curve —> new (higher) equilibrium wage.
I like to think this blog is about my own ideas, but sometimes something comes along that’s worth repeating. This is one of those. “The late Ryszard Kapuściński coined a striking term to describe those […]