buster33 Wrote:
Jan 24, 2013 5:04 AM
Most excellent response. If more people understood the concept of opportunity cost we would not get so much counterproductive government spending. The "multiplier effect" justifying stimulus spending ignores the negative multiplier effect on those who no longer have the resources government has commandeered. Keynes asserted "in the long run we're all dead." That long run is now the present and our country is dying from the cancers of national debt and unfunded liabilities.