Living Wage Idiocy and Free Money Experiments

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mishtalk.com / Mike “Mish” Shedlock / January 9, 2017

“Free Money” experiments are underway in several places: Canada, California, and Finland.

“Living wage” advocates are elated.

Ongoing Free Money Experiments

  • Canada Is About To Start Giving Away Free Money
  • 100 People in Oakland Will Get Free Money as Part of a Basic Income Experiment
  • Finns to Get Free Money in State Experiment Set to Start 2017

The alleged studies are all fatally flawed because they do not scale. It’s one thing to give a few hundred people or a few thousand people free money, but it’s another thing to scale the experiment across an entire nation.

Free Money – Dauphin, Canada Experiment

Huffington Post author Zi-Ann Lum proclaims A Canadian City Once Eliminated Poverty And Nearly Everyone Forgot About It.

The problem with superficial analysis by Lum and others is they only focus on half

Read more ... source: TheBitcoinNews

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