Tuesday, October 4, 2011

More humanist gulag talk

Forgotten fact

The discipline of the market
Is all about choosing what you pay for item by item

Why move away from that
Why turn possible choice into public goods calculation?


Actual Public production not just public provision
should be restricted to non rival non excludable goods and services

And what's more ....


The job hour content of a dollars purchases by a transfer recipient
versus a dollar of direct
uncle purchases is not decisive

There is no lump of hours that needs augmentation
No uncle only wage hours to disperse
or lump of purchase dollars in any sector for that matter that can't be enhanced
with zero real cost by use of uncle's limitless dollar mine

The problem in the end arises because the real out put gets tied to a set of price values

Where as the price system of any set of markets can adjust to any infusion of outside dollars ..and it can be designed to adjust with acceptable efficiency

What then requires direct uncle purchases? Well certainly not full employment

The use of tax and subsidy of course ends up interwoven everywhere
Gosmart will entail enormous amounts of data crunching to regulate these flows efficiently and with greatest welfare