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the is dead weight loss in the collection of taxes. A great deal of money is spent on projects that don't improve things or on things like servicing the debt. M
by ivankirigin 18y ago
the is dead weight loss in the collection of taxes. A great deal of money is spent on projects that don't improve things or on things like servicing the debt. Money is destroyed all the time.
- nazgulnarsil 18y agoprecisely. we can't forget that money is just an abstract representation of the productivity of people. It is constantly created as things people want are produced and destroyed as those things are consumed.