3 ms·
Of course any economic process, when you look at it closely, can appear complicated. To use an old example, think of all that is necessary to make an ordinary w
by dpatru 18y ago
Of course any economic process, when you look at it closely, can appear complicated. To use an old example, think of all that is necessary to make an ordinary wood and graphite pencil. A depth-first investigation of the process shows that wood must be obtained, which requires access to forests, which requires permission to enter land, which implies that land boundaries exist and are recorded, which requires surveyors to determine boundaries, which require surveying schools, which require learning supplies, which among other things require ordinary pencils, so we're back at the start... My point is that it's not a requirement that one fully understands something before one can make suggestions. I don't have to be an expert in surveying school materials to be able to criticize the performance of a pencil. It's enough to have a general understanding.
Similarly, it's not necessary to understand exactly how government makes money or through which agency (be it the Treasury, the Federal Reserve, the US Mint, Bureau of Engraving, etc.) to criticize that fact that the money is under exclusive government control.