If the government shouldn’t be printing money and giving it to the poor, doesn’t that imply that they should be taking money from the poor and destroying it? Or did they somehow manage to find exactly the right amount of money for the poor to have?
Giving money to people of taking money from people would have exactly the opposite effects if people wouldn’t think and plan their future.
If people think about their future, know what the government typically does, and include it in their plans, then not giving or taking (too much) money allows people to plan long-term, which can help them live better.
Also, too much giving or taking money invites people to negative-sum fights about which group should be given most money, and which group should be taken from.
If you’re suddenly giving vs. suddenly taking, either suggest a chaotic government, so people will react similarly. However, if the government did either consistently, then the effects would be opposite.
If the government shouldn’t be printing money and giving it to the poor, doesn’t that imply that they should be taking money from the poor and destroying it? Or did they somehow manage to find exactly the right amount of money for the poor to have?
Giving money to people of taking money from people would have exactly the opposite effects if people wouldn’t think and plan their future.
If people think about their future, know what the government typically does, and include it in their plans, then not giving or taking (too much) money allows people to plan long-term, which can help them live better.
Also, too much giving or taking money invites people to negative-sum fights about which group should be given most money, and which group should be taken from.
If you’re suddenly giving vs. suddenly taking, either suggest a chaotic government, so people will react similarly. However, if the government did either consistently, then the effects would be opposite.
Cute, but the results of the reversal test doesn’t necessarily imply that any specific intervention ought to take place to correct an incorrect value.
It doesn’t imply that it’s the best use of your money, but it shows that the idea that something like that would help isn’t surprising.