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> People confuse personal finance and budgeting with economics in general and don't know how to correctly think about the difference between legal and economic
by throw0101d 1y ago
> People confuse personal finance and budgeting with economics in general and don't know how to correctly think about the difference between legal and economic incidence of taxes like tariffs on imports.
Or like treating the debt of a country in a similar fashion to household debt.
- hackeraccount 1y agoYou get further thinking about the similarities between the debt of a country and that of a household then you do concentrating on the differences.