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Tumblr
Personal blog · morganwarstler.comeconomicspolitics
Tumblr is a personal blog at morganwarstler.com about economics and politics. Since 2009, 6 different Hacker News readers have linked it 9 times, most often “Guaranteed Income (Auction the Unemployed)”. The last post was in 2013, but the archive is still widely read.
Too few sampled comments (6) to say how often HN recommends it.?
Why HN links it
Posts on basic income, guaranteed income, unemployment and government spending. One commenter calls the 'auction the unemployed' proposal the best take on basic income.
Summarised by Claude from a sample of 6 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
indelicately hacking intractable problems
Most-linked posts?
- Guaranteed Income (Auction the Unemployed)2 people · 3 mentions · first linked 2013-05-05
What Hacker News says?
There is a way to finance the watching of the watchers. Replacing journalists with hackers and coders: http://www.morganwarstler.com/post/52547186796/radical-surve...
Comment linking /post/52547186796/radical-surveillance-of-the-government
on “Stop Watching Us”Submitted Paul Graham swings and misses: what he doesn't get about TV as a story · 40 points
HN discussionI am sure that it was not your intention, but please do not spread misinformation about the concept of natural rate of unemployment. You are right that there will always be some unemployed as people need to find the next job after a surprising layoff. However, this is known as frictional unemployment, and can basically not be more than 2%. In practice, you'd expect it to be well below 1% in an otherwise well-functio…
Comment linking /post/44789487956/guaranteed-income-auction-the-unemployed
on “Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious Problems”Submitted Guaranteed Income (Auction the Unemployed) as a story · 2 points
HN discussionThe best take on BI (or NIT) I've seen: auction the unemployed. This solves so many of the problems it's not funny. http://www.morganwarstler.com/guaranteed-income-auction-unem...
Comment linking /guaranteed-income-auction-unemployed
on “Experiment in paying villagers in India an unconditional basic income”Submitted After PRISM: the $1K Tax Credit to Watch the Watchers as a story · 1 points
HN discussion[Auction the unemployed]( http://www.morganwarstler.com/guaranteed-income-auction-unem... )
Comment linking /guaranteed-income-auction-unemployed
on “Employment in America: WTF is going on?”Yes, semantics can be fun... As for the implementation, I am partial to the proposals of MMT economists like Bill Mitchell. They boil down to an arrangement where certain institutions - mostly local and regional government and non-profits, but the details vary - can post jobs. Those jobs will administrated by the institution itself with minimal central oversight. However, funding comes from the central (monetarily s…
Comment linking /post/44789487956/guaranteed-income-auction-the-unemployed
on “Basic income as an answer to all out automation”"(IIRC, in the US over 40% of the GDP is eaten by the gov)" http://www.morganwarstler.com/post/44789487956/guaranteed-in... It looks like it's strictly less than 25%, though there could well be categories of spending that's excluding.
Comment linking /post/44789487956/guaranteed-income-choose-your-boss-the-market-based
on “How to Cut the Poverty Rate in Half”