Phil Magness replies to my post by advancing a new argument that while the UBI might be a fine policy, we can’t get to it from our present circumstances. If we try, we’ll end up with a UBI + the current welfare state arrangements. In order words, you can’t get there from here.
Phil Magness has complained, at length, on Facebook that proponents of a universal basic income (UBI) like myself have failed to grasp with various “public choice” problems that would surely plague the functioning of the UBI. Presumably people would distort the use of the UBI in ways that are counterproductive. I’ve seen other libertarians raise […]
UPDATE: Make sure to read the comments posted below from Stanley, who claims I’ve misunderstood the thesis of this essay. His comments are entirely reasonable. In re-reading his essay after seeing his clarifying comments, the original essay comes across to me as more polemical than he intended.
Stanley provides a nice summary of what he’s […]
The New York Times reports that automation may be coming to long-distance trucking. Oh, no, think of all the lost jobs! Capitalism’s relentless pursuit of cold hard efficiency will be putting truckers and their families the street.
Still, automating commercial driving is controversial and — potentially — a job killer.
I have been thinking a lot about the misunderstandings of Hayek’s “The Use of Knowledge in Society” essay. Below I offer what I think is a quick summary of his argument that stresses both the importance of private property and the price system as jointly necessary for economic coordiation.
1. Knowledge IS decentralized in that each […]
My BHL colleague Chris Freiman has three questions for left-libertarians concerning how we reconcile our “commitment to workplace democracy” with the “other commitments that libertarians are inclined to have.” Here I suggest some answers.
Does workplace democracy really eliminate bosses?
Most libertarians, Chris notes, “would deny that granting all citizens a vote in […]