> Bottom line is that the ways we measure economic output are deeply flawed.

Yes, 100% agreed.

> And the costs go down once it's bootstrapped long enough to obtain the long-term economic benefits that grow the economy (which will take a while to materialize).

That's a major claim. Which places under UBI (or in one of the experiments) has that manifested?

> At some point it struck me that this is all labour, but there was no money exchanged for the services rendered and certainly no taxes collected. Even worse - without this our neighbours would have to take an inordinate amount of time off, as getting a babysitter was too expensive.

How is this bad?

Both your and their family benefited directly in terms of trading responsibilities and indirectly in building relationships between daughters and neighbors.

Is your concern that neither of you paid taxes?

Annie Duke has a great book "Thinking in Bets" where she talks about being a professional poker player.

One of the things she hammers on is that just knowing how much/often you win isn't the important part because you can win despite making dumb choices and lose despite making great choices.

The key thing is being able to make the best decision based on the limited information you have, take the consequences (good or bad), and then reset and do it again. This is relevant in poker, investment, or even our careers and a great ideal to reach for.

I included a small blurb on my 2021 reading list: https://caseysoftware.com/blog/my-reading-list-2021

Yes, I've opted out of it every time so far this year (40+ flights) BUT that only covers the security checkpoint.

Delta also uses it at boarding time and who knows who does what via cameras in the airport as a whole.