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Joined 2 years ago
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Cake day: July 27th, 2023

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  • I agree with you, but in absence of a perfect policy I prefer this outcome to nothing. There isn’t just one party being affected here: the effects of air pollution on life expectancy and early chronic illnesses is well known, in fact I am personally affected by a chronic illness that’s known to be associated with air pollution. I’d rather we keep going forward and push for giving poorer drivers the things they need to adjust, e.g. grants for electric vehicles, public transportation links, or bike networks, depending on needs - rather than pushing for reverting this policy, because it’s not flawed in and of itself, it’s the lack of welfare that is flawed here.



  • This means that the role of commercial banks is not canceled with the launch of the single digital currency, but they will still be an important part of the ecosystem.

    […] a ceiling on the liquidity that citizens will be able to maintain in digital euro, in the order of 2,000 or 3,000 euros per user. The goal is for the digital euro to be used purely as a means of exchange and not as a means of accumulating wealth.

    The benefits of the digital euro include the immediacy and security of transactions – […] instant payments […] made in a few seconds

    A very important advantage of the digital euro is also the zero cost of its use, putting an end to the – harsh in some cases – commissions that banks currently impose on direct payments

    Maybe I’m talking from a privileged country, but none of this would benefit me at all in my country as the banking system already does all of this. It’s a bit disappointing that they seem to be intentionally kneecapping the digital euro so that they can placate private banks. Although I wouldn’t mind what they’re doing if they also provided a government run bank that didn’t shoo away customers if they didn’t have the right risk profile, that competed with private banks (e.g. Norway’s state-run consumer bank exists alongside private ones). For example, legal sex workers are often pushed out by private banks.




  • My understanding is that rent control backfired pretty spectacularly in the long term.

    There are critiques against rent control that have persisted for decades that are now seeing a growing body of counter-evidence that it maybe isn’t that bad after all. Hence the resurgence of rent control being suggested as a policy tool. It makes sense that the myth that rent control is bad has persisted for so long - high earning economists (yes, they’re very high earners) who are thus more likely to own rental units have an incentive to publish research showing that policies that harm their rental income are bad, and have less incentive to publish research that shows policies like these benefit the renter over the landlord.

    Here’s a great article by J. W. Mason, who has a PhD in economics, who goes over more recent research around rent control. He shows that it’s far more nuanced and less clearly “bad” than right wing economists have been trying to push us to believe.

    https://jwmason.org/slackwire/considerations-on-rent-control/