Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Hawkmoon who wrote (39180)	10/5/2003 12:55:20 PM
From: Maurice Winn	Read Replies (2) of 74559

Okay Hawk, I give up. I don't believe you read what I wrote. A government toll bridge built with borrowed money produces profit. Pure and simple. Same with NZ's crown corporations. They produce profit. Suit yourself. I know blind ideology when I see it. I've given up trying to convert religious door knockers too. There are none so blind as those who will not see. I agree that most government spending is pure overhead, waste, drain on the productive and even counterproductive. But that doesn't mean all of it is. It's not an inherent law of government that all is profitless waste. But even waste is economic activity. Buying a pack of smokes or buying a buying a government sign saying "Queue here for nothing" are both economic activities. But both are total wastes, merely transferring the money to somebody who might do something better with it. GDP is made up of "production" which includes a lot of such items. I don't think that's rewriting economics. Mqurice

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