Honestly: I've thought about this a lot for my thesis and the optimal policy isn't super clear to me. Everything is a tradeoff between the extensive and intensive margins. I don't want to talk about this in detail given twitter's Mood today, but I think it is a nice study . . . https://twitter.com/k1ug3/status/1013799233483182080 …
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this distinction isn’t very strong: the ostensible outcome any policy is meant to produce is always in support of some value system—even just in the designation of priorities
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hahaha that's true ok how about: near mode policies vs far mode policies
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