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Message
re: What's 38 trillion dollars? She Guverra calls it an "externality"
Posted on 9/18/18 at 7:42 pm to foshizzle
Posted on 9/18/18 at 7:42 pm to foshizzle
quote:
The term "externality" has a precise definition in economics and she used it correctly, believe it or not.
I'm not saying that I agree with her agenda, am just noting that she is using the correct language to describe her point. I doubt many know what a market externality is exactly, so maybe this will help.
Actually, no, she didn't. Those economic effects to which she referred can be (and are) fairly precisely factored into things like mortgage rates and other instruments of financial risk assessment.
She's thinks she's referring to distorted opportunity cost, but she did not fully flesh out her answer, and it's not necessarily distorted in the current environment.
This post was edited on 9/18/18 at 7:46 pm
0
Posted on 9/18/18 at 7:47 pm to CptBengal
quote:
38 trillion is not an externality as we live in a representative republic. Hence the voters actions are represented by their elected officals....and therefore goverment spending is NOT an externality
as we live in a representative republic, there would be a significant portion of representatives that do not chose to incur such costs. This makes it an externality. The term is correct, but that doesn't mean her argument is intelligent.
Posted on 9/18/18 at 7:58 pm to HempHead
quote:
Here is the only quote you need to know from that interview:
"A year ago, I was working downtown in a restaurant."
Well, she needs to go make me a sammich then.
MAGA
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