3 ms·
> the distant consequences are the same no matter what you do. Three things 1) Spend the money on blackjack and hookers 2) Spend the money on a new bridge
by iso1631 6y ago
> the distant consequences are the same no matter what you do.
Three things
1) Spend the money on blackjack and hookers
2) Spend the money on a new bridge
3) Burn the money on a bonfire for giggles
Those three have very different "distant consequences"
- whatshisface 6y ago1) Money ends up in the local economy 2) Money ends up in the local economy 3) Currency deflates, making all owners of currency richer, and as long as nobody expects deflation to continue, stimulates the economy.
- iso1631 6y agoIn the case of (2) there is a new bridge which increases productivity in the long term In the case of (1) there is a no bridge You've already disproven your "All expenditures stimulate the economy equally" claim with your explanation of (3)