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Topic	Top 20 things economists agree on. How many do you agree with, CE?
EnterTheTekken 12/04/17 5:50:32 PM #8:	Sativa_Rose posted... As someone with a Bachelor's degree in Economics, I agree with virtually all of them. The only one that stands out to me as something I am skeptical about is 12. Cash payments increase the welfare of recipients to a greater degree than do transfers-in-kind of equal cash value. The only reason I am skeptical is that I worry that cash payments may have a tendency to get squandered in drugs, alcohol, gambling, and other frivolous spending as opposed to being invested in something related to education or something, but I can also see how giving people cash would make it easier for them to use it on the things they need. Also it could improve perceived well-being which might be what really matters to people more than how one performs on things typically measured to make inferences about one's well-being. I'm glad you mentioned this one. So what is a "transfer-in-kind"? Is that what food stamps, or WIC represent? I also agree that straight cash can lead to suspect purchases, but people even find loopholes with the WIC (tobacco products, booze). <cite>EnterTheTekken posted [p:891590218] in Top 20 thi... [t:76061923]...</cite> <quote><cite>Sativa_Rose posted...</cite> <quote>As someone with a Bachelor's degree in Economics, I agree with virtually all of them. The only one that stands out to me as something I am skeptical about is 12. Cash payments increase the welfare of recipients to a greater degree than do transfers-in-kind of equal cash value. The only reason I am skeptical is that I worry that cash payments may have a tendency to get squandered in drugs, alcohol, gambling, and other frivolous spending as opposed to being invested in something related to education or something, but I can also see how giving people cash would make it easier for them to use it on the things they need. Also it could improve perceived well-being which might be what really matters to people more than how one performs on things typically measured to make inferences about one's well-being.</quote> I'm glad you mentioned this one. So what is a "transfer-in-kind"? Is that what food stamps, or WIC represent? I also agree that straight cash can lead to suspect purchases, but people even find loopholes with the WIC (tobacco products, booze).</quote> ... Copied to Clipboard!
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