Friday, January 31, 2014

Solving the problem by, well, solving the problem

Want to end poverty? Brazil’s answer: Give people money



I said many years ago that if you want to end airplane crashes it's actually very easy. Take the wings and the wheels off of them. No crashes.



It will be interesting to see if this is done correctly: the government can put money in circulation this way, but it has to remove enough money in taxes to prevent inflation. I'm betting that they'll fall down on that part. If they do, it will cripple any effort to fix problems here, since the press is too dumb to understand what they will have done wrong.



On the other hand, if the program is done right and actually succeeds, we can watch the pseudo-libertarian lackeys of the 0.01% make excuses about why it won't work here.

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