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← When a shock falls hardest on the poor, hand out cash rather than hold the price down.
17 connected korrents · 14 moments from 27 Jun 2013 to 15 Oct 2026.
Everything filed under price gouging
price gouging
Everything filed under government
government
Everything filed under market efficiency
market efficiency
Everything filed under AI and jobs
AI and jobs
Everything filed under benchmarks
benchmarks
Everything filed under inflation
inflation
Everything filed under investing
investing
Everything filed under semiconductors
semiconductors In tension Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: When a shock falls hardest on the poor, hand out cash rather than hold the price down. When a shock falls hardest on the poor, hand out cash rather than hold the price down. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
In tension: Universal basic income is at most a small part of the answer to AI-driven job loss. — tap to centre the map on it Universal basic income is at most a small part of the answer to AI-driven job loss. Last stated 2 years ago
7 Apr 2025
DH
David Heinemeier Hansson — holds since 2025-04-07 — tap for who they are
DA
Dario Amodei — holds since 2024-10-01 — tap for who they are
Same subject: The case for giving poor people cash is not that it is a cure, but that it is less bad than most of what aid already does. — tap to centre the map on it The case for giving poor people cash is not that it is a cure, but that it is less bad than most of what aid already does. Last stated 13 years ago
27 Jun 2013
CB
Chris Blattman — holds since 2013-06-27 — tap for who they are
Same subject: Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. — tap to centre the map on it Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Many aid programmes will beat cash on cost-effectiveness, and the ones that do will be those that fix a market failure or a supply problem. — tap to centre the map on it Many aid programmes will beat cash on cost-effectiveness, and the ones that do will be those that fix a market failure or a supply problem. Last stated 13 years ago
14 Mar 2014
CB
Chris Blattman — holds since 2014-03-14 — tap for who they are
Same subject: Cash helps a poor person whose only obstacle is a lack of capital, and does little for anyone whose obstacle is something else. — tap to centre the map on it Cash helps a poor person whose only obstacle is a lack of capital, and does little for anyone whose obstacle is something else. Last stated 13 years ago
27 Jun 2013
CB
Chris Blattman — holds since 2013-06-27 — tap for who they are
Same subject: There is a significant risk that successive inflation shocks will become entrenched in expectations, necessitating a recession to reduce inflation. — tap to centre the map on it There is a significant risk that successive inflation shocks will become entrenched in expectations, necessitating a recession to reduce inflation. Last stated a week ago
15 Oct 2026
PK
Paul Krugman — holds since 2026-10-15 — tap for who they are
Same subject: Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place. — tap to centre the map on it Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place. Last stated 4 weeks ago
22 Sept 2026
NM
Nick Maggiulli — holds since 2026-09-22 — tap for who they are
Same subject: Allocating scarce chips to the highest bidder is bad business — you set your price and keep it, however high demand goes. — tap to centre the map on it Allocating scarce chips to the highest bidder is bad business — you set your price and keep it, however high demand goes. Last stated 6 months ago
15 Apr 2026
JH
Jensen Huang — holds since 2026-04-15 — tap for who they are
Same subject: Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. — tap to centre the map on it Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. Last stated 8 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Draconian price controls are among the most ruinous economic policies a government can impose. — tap to centre the map on it Draconian price controls are among the most ruinous economic policies a government can impose. Last stated a month ago
18 Sept 2026
SS
Scott Sumner — holds since 2026-09-18 — tap for who they are
Same subject: Dynamic pricing means prices decrease as well as increase. — tap to centre the map on it Dynamic pricing means prices decrease as well as increase. Last stated a month ago
13 Sept 2026
PG
Paul Graham — holds since 2026-09-13 — tap for who they are
Same subject: Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. — tap to centre the map on it Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. Last stated 8 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. Last stated 2 years ago
3 Mar 2025
TS
Tobias Sjösten — holds since 2025-03-03 — tap for who they are
Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. Last stated 4 weeks ago
22 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-22 — tap for who they are
Same subject: A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute. — tap to centre the map on it A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute. Last stated 4 weeks ago
22 Sept 2026
TC
Tyler Cowen — holds since 2026-09-22 — tap for who they are
Same subject: A broken criminal justice institution survives precisely because it serves the people who run it. — tap to centre the map on it A broken criminal justice institution survives precisely because it serves the people who run it. Last stated 2 months ago
1 Sept 2026
RB
Radley Balko — holds since 2026-09-01 — tap for who they are
Same subject: A candidate's political success is increasingly disconnected from their actual record of accomplishment. — tap to centre the map on it A candidate's political success is increasingly disconnected from their actual record of accomplishment. Last stated 2 months ago
31 Aug 2026
DD
Daniel W. Drezner — holds since 2026-08-31 — tap for who they are
At the centre
When a shock falls hardest on the poor, hand out cash rather than hold the price down.
Holds Read this korrent →
Universal basic income is at most a small part of the answer to AI-driven job loss.
Holds
The case for giving poor people cash is not that it is a cure, but that it is less bad than most of what aid already does.
Holds
Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been.
Holds
Many aid programmes will beat cash on cost-effectiveness, and the ones that do will be those that fix a market failure or a supply problem.
Holds
Cash helps a poor person whose only obstacle is a lack of capital, and does little for anyone whose obstacle is something else.
Holds
There is a significant risk that successive inflation shocks will become entrenched in expectations, necessitating a recession to reduce inflation.
Holds
Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place.
Holds
Allocating scarce chips to the highest bidder is bad business — you set your price and keep it, however high demand goes.
Holds
Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation.
Holds
Draconian price controls are among the most ruinous economic policies a government can impose.
Holds
Dynamic pricing means prices decrease as well as increase.
Holds
Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.
Holds
A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in.
Holds
A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology.
Holds
A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute.
Holds
A broken criminal justice institution survives precisely because it serves the people who run it.
Holds
A candidate's political success is increasingly disconnected from their actual record of accomplishment.
Holds