Tuesday, July 12, 2011
Why do the President and Congress always talk about programs in terms of 10 year periods? Sometimes it’s because the changes they’re trying to accomplish are so huge, so momentous they’ll actually take 10 years to accomplish. Mostly, it’s because they want to exaggerate the beneficial impact of some new program or law while spreading out the negative effects on their corporate contributors and electorate supporters. They are, in other words, cheating. Spinning like a top.
Those of you who studied economics when you were in college are probably familiar with “the multiplier effect.” It’s the way buying one thing creates demand for other things that go into making the first thing, and so on. It may take only one stubble-faced guy, wiping his hands on an apron that had to have been dirty when he bought it, to slice that shwarma and make the gyro you’ve been thinking about all morning, but think how many other people were involved in making that giant lump of who knows what meat, the pita bread, the paper plates and 34 napkins you’ll need to eat it and the chewable antacids you’ll be popping later that afternoon – and the ingredients that went into making those things too.
Continue…
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