Tuesday, March 4, 2014
Chapter 8
What I found interesting was the piece about the "Christmas tree" and how he discussed that when things are based on their singular cost significance it seems minor compared to the grand scheme of things, when really when you look at the entire "tree" a whole bunch of ornaments have been added. That is when things become a problem and money and debt becomes overwhelming. Economics is all about thinking about the long term effects of things as we learned in the beginning of class, so if the government payed more attention to all of the free money they were handing out to small projects in subsidies and taxs, then maybe we wouldnt have so many pronblems.
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