June 26, 2008
Government Economics Explained:"In government economics, supply and demand are irrelevant -- what counts are the feelings of major campaign contributors and large voting blocks. In government economics, you take money based on rate of increase of profits, not on actual profits. In government economics, you claim that a program's funding was cut because you decreased its annual rate of funding increases. In government economics, forcing businesses to increase wages is improving the free market. In government economics, you repeatedly overestimate tax revenues and economic growth and repeatedly underestimate government expenditures, interest on debt, and future obligations. There must be some secret place where government economics is taught, since it doesn't appear in university catalogs. Maybe that's what goes on at Area 51." -- Dr. T @ Coyote Blog: Economic Morons in Europe, but is Congress Much Better?
Posted by Vanderleun at June 26, 2008 8:42 AM from American Digest