Posts tagged ‘economics’

Teach a man to fish….

Handouts don’t work. By now, we have decades of data to show they don’t. The War on Poverty has created generational poverty on a level that wouldn’t likely exist without it. The family unit has been destroyed in impoverished communities, as policies tend to favor women with absentee co-parents. We know that handing even more money over doesn’t work.

So how did the Republican mayor of Albuquerque [Mayor Richard Berry] deal with the lowest of the low in his city? Simple. He found a way to give them their dignity back.

    Throughout his administration, as part of a push to connect the homeless population to services, Berry had taken to driving through the city to talk to panhandlers about their lives. His city’s poorest residents told him they didn’t want to be on the streets begging for money, but they didn’t know where else to go.

    Seeing that sign gave Berry an idea. Instead of asking them, many of whom feel dispirited, to go out looking for work, the city could bring the work to them.

    Next month will be the first anniversary of Albuquerque’s There’s a Better Way program, which hires panhandlers for day jobs beautifying the city.

    In partnership with a local nonprofit that serves the homeless population, a van is dispatched around the city to pick up panhandlers who are interested in working. The job pays $9 an hour, which is above minimum wage, and provides a lunch. At the end of the shift, the participants are offered overnight shelter as needed.

    In less than a year since its start, the program has given out 932 jobs clearing 69,601 pounds of litter and weeds from 196 city blocks. And more than 100 people have been connected to permanent employment.

. . .

There’s a beneficial exchange taking place. The city of Albuquerque gets litter picked up and some landscaping while those who are doing the work are given a wage.

In the process, it gives these people their dignity back.

Mayor Comes Up with Simple Way to Combat Homelessness, Panhandling in His City

Incentives matter.

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“Price Gouging”


Is Price Gouging Immoral? Should It Be Illegal?

The laws of economics are not suspended in an emergency, no matter what the laws of politicians attempt to do. When goods are more scarce, they will be costly to obtain, whether those costs are in terms of money or something else. The importance of letting market prices do their job and determining who gets what is that this process is also the way in which we make sure that there is stuff to be allocated in the first place. The only way to make sure we have sufficient production is to let market prices determine consumption.

Hurricanes Don’t Blow Away Economic Law

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