Zipline Conservative

December 19, 2008

The Government Almighty, Creator of ???

Even if it does something well, these government investments will be too costly.  Government can’t help but gold-plate.  It may make a few nice parks, arenas, and the like, but this is not the same as real wealth creation.  Real wealth creation involves a profit.  Supplying something to someone he would pay more for if necessary at less than its cost to produce. We can never easily tell if we’re spending 2X, 3X, or 10X the real economic value of the projects as measured by willingness to pay in the arena of government spending.


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