Thanks for coming on to talk to the Arnold Kling folk, it was great to hear you. I really like your Rumsfeldish stack name, tho a few months ago I read an interesting post about the 4th quadrant not mentioned, the Unknown Knowns. (Where the true facts are known, by some, but are unknown to the decision maker.)
Because my wife Eva was sleeping while I used her work computer, I asked this question in the chat:
Do you believe gov't budget deficits caused by spending rather than tax cuts are:
a) better - gov't spends more effectively for public goods (or some other reason)
b) worse - tax payers spend more effectively for their private purposes, including effective investment
c) about the same
I had some other questions, too - but not enough time then. I'm still interested in your thoughts, so will be reading you more, too.
Thanks for coming on to talk to the Arnold Kling folk, it was great to hear you. I really like your Rumsfeldish stack name, tho a few months ago I read an interesting post about the 4th quadrant not mentioned, the Unknown Knowns. (Where the true facts are known, by some, but are unknown to the decision maker.)
Because my wife Eva was sleeping while I used her work computer, I asked this question in the chat:
Do you believe gov't budget deficits caused by spending rather than tax cuts are:
a) better - gov't spends more effectively for public goods (or some other reason)
b) worse - tax payers spend more effectively for their private purposes, including effective investment
c) about the same
I had some other questions, too - but not enough time then. I'm still interested in your thoughts, so will be reading you more, too.
https://arnoldkling.substack.com/p/allison-schrager-zoom-event
- Tom Grey
Thank you! I'd say worse because the government is less effective than the market.
Hey Alison, have you written about pension bailouts before? Just was wondering your thoughts on stuff like this: https://brucewilds.blogspot.com/2022/07/america-just-bailed-out-bunch-of.html
thanks for sending!! outrageous. will work it into a column in a few weeks.
If it's outrageous to you, it's downright scary to me. Glad to help!