May 22, 2005

Government Spending in the District

The Angry Economist goes after economic illiteracy but I think that he really doesn't understand that most people want these sorts of public expenditures in their districts because if you're going to get raped, you might as well get as much benefit as you can out of it. The price paid for defense is a necessary expenditure. Why would you not want to get as much of it back in your pocket as you can in the form of local expenditures? It isn't a matter of actual positive economic activity as it is of damage mitigation. It's just more convenient to not have to invent a different terminology.

Posted by TMLutas at May 22, 2005 09:04 PM