3 ms·
That’s not how that works. Governments can’t just pay money for things and consider it free so long as they’re employing their own people. Those people could ha
by AbrahamParangi 3y ago
That’s not how that works. Governments can’t just pay money for things and consider it free so long as they’re employing their own people. Those people could have been employed more productively doing anything else and the entire system is poorer by the amount that the government has spent (to a first approximation).
- amrocha 3y agoThat is literally how it works. Opportunity cost is only a thing if the private market is willing to capture the excess productive capacity, which it usually isn't. And even then, government has access to levels of scale where they can always be the most efficient employer. Think about the value of building infrastructure vs anything else.