The first thing one learns from economics is what figured at the beginning of Paul Samuelson’s famous college textbook: society must choose between guns and butter. This allegory represents the primordial fact that resources are scarce compared with infinite human desires. It’s true even for trade union activists and social justice warriors, who are always … Continue reading Guns and Butter
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed