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Crisis cost up to $14 trillion, Dallas Fed says

Kushinator said:
There is a difference between an expenditure and the opportunity cost of a crisis. You should have at least read the link in the OP before commenting.



Waste is not a government specific problem. It is generally accepted that the government is more wasteful than the private sector due to differences in motivation (profit vs governance). However, when the private sector is in severe disarray, only the public sector can fill the shortfall left by a decline in private investment and domestic consumption.
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Wow, a libertarian with an understanding of economics.... can it be true? Careful, someone may revoke your libertarian card.

Maybe you mistook the political affiliation question for occupation, have a keen command of the Dewey Decimal system, but you are not a particularly good speller?

Maybe you are just a libertarian from outside the US, therefore have a better understanding of how the world works?
 
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