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I question the comment about not being a moral hazard. It's almost like a free-rider problem, but shifted in time instead of person. Not saying you're wrong,
by MR4D 9y ago
I question the comment about not being a moral hazard. It's almost like a free-rider problem, but shifted in time instead of person.
Not saying you're wrong, just questioning it's assumption in economics.
- Spooky23 9y agoIt's a good point. Economics as practiced today is very "transactional" vs looking at the long term. It's pretty obvious that we've morphed into a poorer country over the last 30 years. We've also shifted our thinking about prosperity from employment to GDP. Also there's no concept of nationalism in modern economics, and many advocates for the current way of doing stuff inject revisionist social agendas to the mix. (I.e. Why should Westerners be privileged?)