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Friday, 20 February 2009

The Golden Rule of Economics......



2 + 2 = 4



It really is that simple.........

1 comment:

Francis W. Porretto said...

Well, strictly speaking, that's the Golden Rule of Everything, which I tend to phrase as "Reality is indifferent to your opinions." But here's the most fundamental strictly economic statement I know:

"Nothing in our material world can come from nowhere or go nowhere, nor can it be free; every thing in our economic life has a source, a destination, and a cost that must be paid by someone."

From Dreams Come Due: Government and Economics As If Freedom Mattered, by "John Galt."