"Knowing about the concept of incentives, you can question the motives of any party making an offer to you and be more aware of what they want to achieve. Whenever something is free, ask yourself why this is the case and how the company makes money if it doesn’t charge you."
If it doesn't charge you must be paying in some other way, spot on.
I especially enjoyed the "Doomed to Failure" portion of this piece. One of the most unfortunate, but illustrative, examples of government programs incentivizing the wrong behavior is the welfare state incentivizing fatherlessness. Roughly 25% of American children today have no father in the home, with poorer minority groups showing rates as high as 60-70%. This was not a serious issue for American children of any race prior to the rise of the welfare state in the 1930s and 1960s.
Thank you! Having a father is so important for the development of any child. Such government programs normally fail by their own definition of success. Then, the administrators change this definition and continue throwing money at the problem and fixing little (or, like in the case of your example, even worsening it) forever.
"Knowing about the concept of incentives, you can question the motives of any party making an offer to you and be more aware of what they want to achieve. Whenever something is free, ask yourself why this is the case and how the company makes money if it doesn’t charge you."
If it doesn't charge you must be paying in some other way, spot on.
There is no such thing as a free lunch.
Yeah, if you aren’t being charged you should probably entertain the idea that the next free lunch is you. No cow is given grass and hay for free.
Another great metaphor.
https://substack.com/@tompsquared/p-149019001 he isn't real
I especially enjoyed the "Doomed to Failure" portion of this piece. One of the most unfortunate, but illustrative, examples of government programs incentivizing the wrong behavior is the welfare state incentivizing fatherlessness. Roughly 25% of American children today have no father in the home, with poorer minority groups showing rates as high as 60-70%. This was not a serious issue for American children of any race prior to the rise of the welfare state in the 1930s and 1960s.
Thank you! Having a father is so important for the development of any child. Such government programs normally fail by their own definition of success. Then, the administrators change this definition and continue throwing money at the problem and fixing little (or, like in the case of your example, even worsening it) forever.
https://substack.com/@tompsquared/p-149019001