Thursday 23 November 2023

Revealed Preference


"Steven E. Rhoads, in 'The Economist’s View of the World', points out what seems to be a constant in opinion polls. When people are asked whether they want the government to do something, a majority says yes. But if they are asked whether they want the government to do that same thing if it means their taxes will increase, that majority shrinks to a minority. There’s a lesson here ..."
~ David R. Henderson, from his article 'How Much Does $100 Billion in Federal Spending Cost You?'


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