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Quote without indent for mobile: Economists are inclined to frown on the strategy of dumping giant piles of government money onto budding technologies that
by nothrabannosir 8y ago
Quote without indent for mobile:
Economists are inclined to frown on
the strategy of dumping giant piles
of government money onto budding
technologies that are in need of
scaling up. They prefer market
mechanisms, tech-neutral incentives,
and nudges that maximize the free
choices of market participants. In
any economic model, such policies
will perform better.
And that’s well and good. But
sometimes problems are big and
urgent, you need scaled-up solutions
quickly, and you just don’t have
time to mess around.