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Is it economically rational, or irrational, to pass costs on to someone else if one can? It seems a little odd to pass costs to one's grandchildren, but hey, th
by awshepard 8y ago
Is it economically rational, or irrational, to pass costs on to someone else if one can? It seems a little odd to pass costs to one's grandchildren, but hey, then it's "not my problem!" and they can vote to pass the costs to their grandchildren!
- deleted 8y ago[deleted]
- dsq 8y agoIt is rational because the costs are being passed on to our (the 99 percent) grandchildren, not to theirs (the top decision makers).
- slededit 8y agoThe costs are diluted by inflation and the children inherit the built infrastructure. If the diluted debt is less than the value of the infrastructure then everyone wins.