So If Incentives Are Overrated…

Yes, “incentives matter” helps the case for some right-wing policies.  But “incentives matter” also helps the case for some left-wing policies.  If you think textbook economics is misleading – as I often do – you should do a full rethinking of your policy views.  Don’t just single out the policies you dislike because they rest on questionable assumptions.  Scrupulously investigate the implications for policies you like, too.

Don’t Make Mark Zuckerberg America’s Political Truth Czar

Some politicians want Facebook to stop politicians from lying. They phrase that desire as a request for Facebook to “fact check” content posted by politicians, especially political advertising. Perhaps I’m too cynical, but I’m not sure it’s  coincidence that the examples politicians offer tend to be drawn from content posted by their political opponents.

Build, Barbara, Build: Reflections on Nickel and Dimed

I can understand someone saying, “Deregulation isn’t enough.”  But you could double the supply of public housing without making a noticeable dent in the housing shortage.  Rent subsidies are much easier to scale up, but subsidizing demand without increasing supply is almost the definition of crazy policy.  Furthermore, if you want to create high-paid job opportunities for non-college workers, a rapidly growing construction sector is a dream come true.

They Know Better

Moral reasoning is hard.  It’s so hard, in fact, that most people do little moral reasoning.  Instead, as Daniel Kahneman would expect, they perform a mental substitution.  Rather than wonder, “What’s morally right?,” they ask, “What’s socially acceptable?” In decent societies, this seems fairly harmless.  When your society is even selectively evil, however, the substitution is disastrous.  Strictly following standard social norms in Nazi Germany, Stalinist Russia, or Maoist China is murder. Which brings us to a pressing question: How do you know whether your society is evil?