It’s not just the “sweet spot” – the peak of the curve. The other imponderable is the shape of the curve. All we know are at least 2 points (and can reason – philosophically rather than mathematically – almost certainly the only 2 points) where the line crosses 0.
It may have a nice simple shape – there may be multiple peaks – USA, Germany, Sweden, for example – of similar or near-similar heights.
Which peak you then try to aim for is a matter of your political views rather than simple economics. Life just doesn’t model that easily.
Dave Evans
Some light editing is called for. It’s the Rahn curve according to Wikipedia and the ASI site.
dearieme
The Rahm curve shows that the degree of corruption in Chicago can always be increased.
It’s not just the “sweet spot” – the peak of the curve. The other imponderable is the shape of the curve. All we know are at least 2 points (and can reason – philosophically rather than mathematically – almost certainly the only 2 points) where the line crosses 0.
It may have a nice simple shape – there may be multiple peaks – USA, Germany, Sweden, for example – of similar or near-similar heights.
Which peak you then try to aim for is a matter of your political views rather than simple economics. Life just doesn’t model that easily.
Some light editing is called for. It’s the Rahn curve according to Wikipedia and the ASI site.
The Rahm curve shows that the degree of corruption in Chicago can always be increased.