{"id":3733,"date":"2012-09-25T08:27:00","date_gmt":"2012-09-25T12:27:00","guid":{"rendered":"https:\/\/www.urbin.net\/blog\/?p=3733"},"modified":"2012-09-25T08:27:00","modified_gmt":"2012-09-25T12:27:00","slug":"reynolds-law","status":"publish","type":"post","link":"https:\/\/urbin.net\/blog\/economy\/reynolds-law\/","title":{"rendered":"Reynolds&#8217; Law"},"content":{"rendered":"<p>&#8220;The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we\u2019ll have more middle-class people. But homeownership and college aren\u2019t causes of middle-class status, they\u2019re markers for possessing the kinds of traits \u2014 self-discipline, the ability to defer gratification, etc. \u2014 that let you enter, and stay, in the middle class. Subsidizing the markers doesn\u2019t produce the traits; if anything, it undermines them.&#8221;<\/p>\n<p>&#8212; <a href=\"http:\/\/philoofalexandria.wordpress.com\/2010\/09\/25\/reynolds-law\/\">Glenn Reynolds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we\u2019ll have more middle-class people. But homeownership and college aren\u2019t causes of middle-class status, they\u2019re markers for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[6,19],"tags":[359,621,638],"class_list":["post-3733","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics","tag-glenn-reynolds","tag-politics","tag-quote"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pab4zg-Yd","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/3733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/comments?post=3733"}],"version-history":[{"count":0,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/3733\/revisions"}],"wp:attachment":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/media?parent=3733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/categories?post=3733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/tags?post=3733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}