Posts Tagged ‘Harrisburg’

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    Opposing Austerity

    Apr 12, 12 • 135 Views • Behavioral Economics, Economic History, Environment, Government, Macroeconomic Measurement, Regulation, Thinking Economically, UncategorizedNo Comments

    Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sells more, then the price drops. Similarly, if one person...