A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
A focused study group for the discussion of economics and economic policy.
32036 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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“Piff’s Monopoly experiment was fun, but it didn’t come close to approximating our nation’s true economic divide. He had to make sure the games weren’t too rigged, or the poor players wouldn’t bother trying. I instead proposed a game in which I had the wealth of an average member of the top 1 percent, versus Piff’s middle-class net worth. I would get about $53 for every $1 in his pocket. But then we had a problem: If we gave Piff $500 so he could buy a few properties, I would have been due $26,500. A Monopoly set contains only $20,580.”
“Piff’s Monopoly experiment was fun, but it didn’t come close to approximating our nation’s true economic divide. He had to make sure the games weren’t too rigged, or the poor players wouldn’t bother trying. I instead proposed a game in which I had the wealth of an average member of the top 1 percent, versus Piff’s middle-class net worth. I would get about $53 for every $1 in his pocket. But then we had a problem: If we gave Piff $500 so he could buy a few properties, I would have been due $26,500. A Monopoly set contains only $20,580.”
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