The obvious solution to poverty is to give money to poor people. That may sound facetious, but there is a growing and serious interest in programs that do essentially that: provide every person an income that can sustain them. Such programs have various configurations, and operate by various models. What they have in common is that money flows, usually from governments, that is, from taxpayers, to people living in poverty. There are potential problems with any such scheme, and benefits, which require examination.… Read the rest “Solving Poverty”
economics
Using Numbers Instead of Adjectives to Evaluate an Economic Decision
(Updated December 6, 2023)
The discovery of oil in the province of Alberta in 1947 soon led to the desire to transport it to the west coast of Canada, and in 1953 oil began to flow through a pipeline built by the Trans Mountain Pipeline Company (route of all pipelines discused in this post in red on the map above). The pipeline took oil from Edmonton, the capital of Alberta, over the Rocky Mountains, to Vancouver on the coast of British Columbia.… Read the rest “Using Numbers Instead of Adjectives to Evaluate an Economic Decision”