2 ms·
I'm sometimes puzzled by the way people use "circular" to describe an economic system pejoratively. (Not to suggest you are.) Seems like any worthwhile economic
by akramachamarei 4mo ago
I'm sometimes puzzled by the way people use "circular" to describe an economic system pejoratively. (Not to suggest you are.) Seems like any worthwhile economic system is ultimately cyclical. Pulling resources into the loop is just a bonus....
- anonymars 4mo agoRelated "income tax when I earn the money, sales tax when I spend the money, taxes on my investment returns, it never ends!" Yes indeed, because macroeconomics is ultimately a giant circle!
- imtringued 4mo agoThe problem with real economics is that it isn't, but since economists told themselves that it is, they have no interest in making it so.