Jun

12

I question if I am being too cynical if I assume that the government is simply another "player in the game"? Talking about it in abstract theoretical terms seem to leave out that dynamic. Politics is like the weather: It changes all the time; there's not much you can do about it; and the main thing is to make sure it doesn't kill you.

Easan Katir comments: 

Not an economist am I, but sometimes one thinks about the velocity and turnover of currency: each time a dollar changes hands it is taxed in some way, whittling it away to a stump of value.

 


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