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wasteful spending is an affliction that spans the entire spectrum of human enterprise, both governmental and corporate.
by smithian 14y ago
wasteful spending is an affliction that spans the entire spectrum of human enterprise, both governmental and corporate.
- gwright 14y agoSure but in the private economy it is self correcting. Businesses that waste money go out of business. Governments that waste money just raise taxes, borrow more money, or print more money. Corrections when they do come are often catastrophic in nature.