cjurgens Wrote:
Jan 24, 2013 12:16 PM
I'm far from being well-read in economics, but I've always wondered about the logic of taking away money from individuals so they cannot spend it, and then thinking that spending that same money by the government somehow stimulates the economy in some beneficial way that use by the individual could not. Good to know that at least it has a name- "opportunity cost". Apparently Krugman et. al. still ignore it.