Monday, February 20, 2017

Quote of the Day and the Ignorance of a Universal Basic Income

"The purpose of the economy is not to make jobs. Jobs are infinite. We can make construction workers use teaspoons instead of shovels and that will make for more jobs."
Deirdre McCloskey

This is why I laugh when I hear anyone say anything about a universal basic income.  You are economically ignorant if you support it.  It really is as simple as that.  Bill Gates and Elon Musk, both of which have advocated the UBI recently, are great business men but could not possibly be more mistaken on this topic.  


Another great, not necessarily related, quote "If you can do it for free, you should be free to do it for money" - Peter Jaworski.

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