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

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 the equation. Yes, citizens of Dauphin benefited, but it was at the direct expense of everyone in all of Manitoba that had to contribute “free money” to the residents of Dauphin.

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