The Solution to Everything

Well, almost. In memory of Charlie Munger, who passed away on November 28, 2023, this piece will point out that many, if not all, undesirable behaviors can be improved by carefully aligning incentives, particularly financial incentives, with desired outcomes. Let’s start with alleged “systemic racism” in police departments and a review of the documentary The Fall of Minneapolis, a movie about the rapid decline of Minneapolis since the death of George Floyd on May 25, 2020. As Mr. Munger stated: ...