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akramachamarei
15d ago
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I'm sometimes puzzled by the way people use "circular" to describe an economic system pejoratively. (Not to suggest you are.) Seems like any worthwhile economic system is ultimately cyclical. Pulling resources into the loop is just a bonus....
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anonymars
15d ago
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Related "income tax when I earn the money, sales tax when I spend the money, taxes on my investment returns, it never ends!"
Yes indeed, because macroeconomics is ultimately a giant circle!
imtringued
14d ago
The problem with real economics is that it isn't, but since economists told themselves that it is, they have no interest in making it so.
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