Heavy Lifting - thoughts and web finds by an economist
|I also contribute to Division of Labour||Load HL's Front Page|
Monday, March 14, 2005
A lot of folks are concerned that private accounts in the Social Security Ponzi scheme will be expensive. Specifically, they are concerned about what are called "transition costs," which really don't exist per se but a good talking point (see Larry White's posts over at Division of Labour).
Here is an idea that would actually have large transition costs: redefining the kilogram:
The current definition of the kilogram - that it is equal to the mass of a piece of platinum-iridium alloy kept in a vault in Paris - is out of date and should be abolished, according to physicists in the UK, US and France. The researchers believe it is time instead to define the kilogram in terms of fundamental constants, like the other six SI base units. This is despite the fact that the proposed new definitions are less precise than that based on the platinum-iridium "international prototype"
Good luck with that.
Comments: Post a Comment
Le Chai - galerie du vin
Posts that contain Craig Depken per day for the last 90 days.
Heavy Lifting's Main Page
Money I Found Today
Heavy Lifting - Firehose style (56k warning)
- Talk about transition costs
Modified maystar design
powered by blogger