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> When discussing investment in terms of money, and especially government spending, the connotation is typically positive economic returns So, the only reason
by vel0city 2y ago
> When discussing investment in terms of money, and especially government spending, the connotation is typically positive economic returns
So, the only reason why a city should build a park or a library should solely based on positive economic returns. We should price out how much actual dollar value return the library directly gives to the town this quarter or the playground on the park. How much did adding that swing set really increase property values? I guess we shouldn't have done it. Otherwise, it is purely just wasteful spending.
I would leave you with the following thought. Not everything needs to have an easily measurable economic/financial benefit to be a good thing. Having such a myopic view isn't a positive thing in my opinion. I agree there's still such a thing as waste even in (especially in?) the space programs of the last few decades, but acting like funding space programs in general is a waste because it didn't generate positive economic returns in an easily measurable fashion to be quite a shortsighted viewpoint.
And as mentioned, it's not like the money evaporated. It moved. That money spent is in the communities. It's in the homes there. Its built businesses. Its grown entire cities. People went to college because of that spending. People planted crops because of that spending. That spending kept the velocity of money up instead of having it stagnate under someone's mattress.
- s1artibartfast 2y agoThats not the point I am making. I think you people can make a case for expenses without conflating them with economic investment. A swing set might not make money, but I can play with my kids there and have fun. I can buy a beer without it being an investment. I dont think I agree with the velocity of money argument. It wouldnt be stagnating under some mattress. However, that is a much bigger topic that I dont think Im up for today