Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
Episodes
Sunday Feb 07, 2021
Liberty Informant: Costs Must Be Weighed Against Benefits
Sunday Feb 07, 2021
Sunday Feb 07, 2021
Gain Access to the Liberty Informant!
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One of the first lessons in an economics class is every action has a cost. That is in stark contrast to lessons in the political arena where politicians virtually ignore cost and talk about benefits and free stuff.
If we look only at the benefits of an action, policy or program, then we will do anything because there is a benefit to any action, policy or program.
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This article was published at Intellectual Takeout, by Walter E. Williams.
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