Making America Great Again – How to Judge Policy

A Simple Formula
MIAMI – How do we know if new programs will make the economy better… or worse? Here’s a simple formula:
W = rv (w-w – w-l)
That is, wealth is equal to the real value of win-win exchanges minus the loss from win-lose exchanges. Yes, dear reader, it’s as simple as that. Like a whittler working on a piece of wood, we’ve shaved so much off, there is nothing left of it… except the essential heartwood.
And now we can use it to see how Trump’s changes will affect the economy. We’re down here in the southern tip of Florida showing a group of eager colleagues from Brazil how we do business.
‘I’ve been reading your Diary,’ said one. ‘But I’ve noticed you seem to make a lot of your readers mad. Is that really a good idea? Aren’t you driving away potential customers?’
‘Uh… who knows?’ we replied, taking the high road. ‘The Diary is free. But readers pay in something more important than money: time. We try to make it worth their time by looking at what might go wrong.’
Unlimited Funding
What could go wrong? Our bubbly stew of observations over the last few weeks has cooled and congealed into an extended hypothesis:

This post was published at Acting-Man on February 2, 2017.