Conservative economics has a temporal bias: immediate costs are ‘real’ while long-term benefits are ‘speculative.’ Hence infrastructure and education are ‘expenses’ rather than investments. It’s temporal discounting elevated to political philosophy.
Conservative economics has a temporal bias: immediate costs are ‘real’ while long-term benefits are ‘speculative.’ Hence infrastructure and education are ‘expenses’ rather than investments. It’s temporal discounting elevated to political philosophy.
If you have a fediverse account, you can quote this note from your own instance. Search https://mastodon.social/users/Daojoan/statuses/114466285897429183 on your instance and quote it. (Note that quoting is not supported in Mastodon.)