Sunday , September 23 2018
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You get what you pay for

Summary:
This tweet caught my attention: Jeff Bezos possesses 1.3 billion dollars. There are about 550,000 homeless people in America. If Jeff Bezos gave every homeless person in America 0,000, he would still have .3 Billion Dollars! Let that sink in...You get what you pay for. Let that sink in... PS. What if the money were spent lobbying for weaker zoning laws? HT: Razib Khan Comments and Sharing

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This tweet caught my attention:

Jeff Bezos possesses $121.3 billion dollars. There are about 550,000 homeless people in America. If Jeff Bezos gave every homeless person in America $100,000, he would still have $66.3 Billion Dollars!

Let that sink in...


You get what you pay for.

Let that sink in...

PS. What if the money were spent lobbying for weaker zoning laws?

HT: Razib Khan



Scott Sumner
Scott B. Sumner is Research Fellow at the Independent Institute, the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University and an economist who teaches at Bentley University in Waltham, Massachusetts. His economics blog, The Money Illusion, popularized the idea of nominal GDP targeting, which says that the Fed should target nominal GDP—i.e., real GDP growth plus the rate of inflation—to better "induce the correct level of business investment". In May 2012, Chicago Fed President Charles L. Evans became the first sitting member of the Federal Open Market Committee (FOMC) to endorse the idea.

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