Daily Entry: October 15th, 2017

Mon Oct 16 01:14:54 UTC 2017

Starting the time-block late

Time (PDT) Intention Revision 1 Revision 2
0000 SLEEP
0030 SLEEP
0100 SLEEP
0130 SLEEP
0200 SLEEP
0230 SLEEP
0300 SLEEP
0330 SLEEP
0400 SLEEP
0430 SLEEP
0500 SLEEP
0530 SLEEP
0600 SLEEP
0630 SLEEP
0700 SLEEP
0730 SLEEP
0800 SLEEP
0830 SLEEP
0900 SLEEP
0930 SLEEP
1000 SLEEP
1030 SLEEP
1100 SLEEP
1130 SLEEP
1200 SLEEP
1230 SLEEP
1300 SLEEP
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.