Tag Archives: incentives

Incentives, in the Long and Short Term

Dear Friends,   It seems to me, incentives count, in every facet of human existence. People can be relied on to do what is in their immediate interests. Long term interests however, have less bearing on what we do, because … Continue reading

Posted in economy, Law, media, philosophy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Deflation Bugbear

Dear Friends,   It seems to me, when economists worry about deflation it is like a doctor worrying about a runny nose, they both are concentrating on a symptom, not the underlying disease. The consensus among economists is that deflation … Continue reading

Posted in economy, media, philosophy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Incentives Count

Dear Friends, It seems to me that, in every human endeavor, incentives count, but no place more than in the field of economics. Government sets the incentives both obviously and not so obviously. Society and culture also create incentives and … Continue reading

Posted in economy, media, philosophy, polictics of class envy, Societal Myth | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Good Intentions are the Road To…

Dear Friends, It seems to me that In all matters it is best if government use incentives instead of regulation. Incentives work universally. Regulation is bypassed universally. Take the new banking regulation. While I haven’t read the 2000+ page bill … Continue reading

Posted in economy, Law, philosophy | Tagged , , , , , , , , , , , , , , | Leave a comment

Governent and the Job Market

Dear Friends, It seems to me that if the government wanted to actually lower the unemployment rate in the US it would act as such. Everything the government is doing will inevitably lead to a lower demand for labor. From … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment