Posts Tagged ‘incentive’

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    Public and Private Incentive

    May 18, 10 • 155 Views • Businesses, Demand, Supply, and Markets, Government, InnovationNo Comments

    For centuries, the US Postal Service delivered most of the mail. The job it did was satisfactory but not optimal. Yes, through sleet and snow, etc., we received our letters and packages but employees rarely focused on cutting costs and innovating. Two

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    Yacht Lessons

    Apr 11, 10 • 176 Views • Government, Thinking EconomicallyNo Comments

    When we think about taxes, we should look at yachts. In 1990, because of a new luxury tax, anyone who purchased a yacht paid 10% more. The result? People stopped buying domestically made yachts. Yacht makers went out of business and the government never

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    Appreciating the Market

    Mar 30, 10 • 200 Views • Demand, Supply, and Markets, Economic Thinkers, GovernmentNo Comments

    In a recent WSJ interview, Nobel laureate Gary Becker tells us that, “Markets are tough to appreciate.” The reason, he says, is people feel government can better care for them than a profit seeking individual. Calling markets

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    Unintended Consequences

    Mar 15, 10 • 161 Views • Regulation, Thinking EconomicallyNo Comments

    New rules might not always have the results regulators expect.  Starting on April 29, any airplane that sits on the tarmac for longer than 3 hours will be fined up to $27,500 per passenger.  For a Boeing 737, that could mean $4 million. 

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    More Heath Care Thoughts

    Mar 2, 10 • 165 Views • Thinking EconomicallyNo Comments

    Looking at yesterday’s Wall Street Journal editorial article on Indiana’s health care approach, I wondered why no one refers to incentive when assessing alternative legislation. Indiana offers a Health Savings Account (HSA) option to state