Free-at-point-of-service is a common feature of amenities provided by countries with socialist economies.
But they only work when the economy is actively managed. If you’re just pumping cash into a big banking machine and telling people to grab for it, you’re not incentivizing any particular economic activity. You’re just encouraging entrepreneurs to get particularly good at snatching money out of the air and elbowing one another in the face.
Free-at-point-of-service is a common feature of amenities provided by countries with socialist economies.
But they only work when the economy is actively managed. If you’re just pumping cash into a big banking machine and telling people to grab for it, you’re not incentivizing any particular economic activity. You’re just encouraging entrepreneurs to get particularly good at snatching money out of the air and elbowing one another in the face.