Mon Oct 16 01:14:54 UTC 2017
Starting the time-block late
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1330 | Waking up | ||
1400 | Eating | ||
1430 | Computer | ||
1500 | Walk to Starbucks | ||
1530 | Reading: Basic Econ. | ||
1600 | Reading: Basic Econ. | ||
1630 | Food plan | ||
1700 | Mighty-Os Donuts | ||
1730 | Grocery Shopping | ||
1800 | PLANNING | ||
1830 | Cooking | ||
1900 | Cooking | ||
1930 | Gaming: Overwatch | ||
2000 | Gaming: Overwatch | ||
2030 | Gaming: Overwatch | ||
2100 | Gaming: Overwatch | ||
2130 | Buffer | TV: We Bare Bears | |
2200 | Buffer | TV: We Bare Bears | |
2230 | Buffer | Gaming: Overwatch | |
2300 | SLEEP | Gaming: Overwatch | |
2330 | SLEEP | Gaming: Overwatch |
Mon Oct 16 01:25:25 UTC 2017
Basic Economics.
Finished chapter 3 "Price Controls". It's really weird to me that he doesn't mention price controls via monopolies. He even mentions governments that make prices artificially high, but doesn't mention monopolies.
Otherwise, it is indeed a very convincing chapter. But his focus on government inefficiencies and not other inefficiencies makes me pretty confident that he's leaving out key information that doesn't maintain his argument that pure capitalism is best economic system, period.
It's something I'll need to come back to after doing research outside this book.
Though, a lot of reading this book makes me think that maybe basic income really is a more effective solution than government subsidies.
That's a thought to also revisit later.