...major red flag for control engineer like me. Stable provisioning of positive good with no feedback = implausible.
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yup... let's accept as given that market not right feedback. But "do better than market" tougher than people seem to think.
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yup... so in-addition-to, not instead-of. That's fine. Mutatis mutandis.
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are you for UBI instead of or in addition to existing entitlements. Resilience argument only holds in former case...
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i’m for replacement of means-tested transfers, but not all programs, e.g. health care (precisely bc a domain i/w mkt don’t work.)
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re: healthcare as domain in which mkt doesn't work, what do you think of Baumol's "cost disease" take on that?
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i think it’s basically asymmetric info + price-inelastic demand + credential + regulatory cartels => very high rents.
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that doesn't sound so far from baumol model... do you have yours written up longform?
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(no. mb someday i will, although i think my views on this are pretty common…)

