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pierredv : aprilfool   1

The case for an efficiency tax, Economist Mar 2017
"EFFICIENCY is at the heart of progress. Yet just as too much of a good thing (travel, say) can yield a bad (congestion), so excessive ease in transactions can generate costs, known in the jargon as a “facile externality”, such that less efficiency would actually be more efficient. In academic circles, especially Scandinavian ones, the notion is well established that innovations which eliminate too much hassle could do society harm."

"In all this indulgence, the forgone benefits of hassle (slygge in Danish) go largely unrecognised. Frictionlessness encourages bad habits."

"Payments are also subject to facile externality. Three in five Britons say they spend more with a wave of the plastic than they would with cash"
TheEconomist  tax  efficiency  opinion  economics  externalities  AprilFool 
october 2017 by pierredv

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