Michael Snoyman on Nostr: Modern “economics” believes that California wasting $100b on a train they’ll ...
Modern “economics” believes that California wasting $100b on a train they’ll never finish is good for the economy because it created jobs.
In reality, it was malinvestment that sucked up productive resources that could have been spent elsewhere to actually make peoples lives better.
Ironically, the people who scream the most about the evils of money are the quickest to judge the merit of everything based on arbitrary monetary assessment instead of the actual impact on improving people’s lives.
In reality, it was malinvestment that sucked up productive resources that could have been spent elsewhere to actually make peoples lives better.
Ironically, the people who scream the most about the evils of money are the quickest to judge the merit of everything based on arbitrary monetary assessment instead of the actual impact on improving people’s lives.