For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. If the bridge costs $1,000,000 the taxpayers will lose $1,000, 000. They will have that much taken away from them which they would otherwise have spent on the things they needed most.
Henry HazlittTag: economics waste taxation theft coercion krugman public-works stimulus
Necessary policemen, firemen, street cleaners, health officers, judges, legislators and executives perform productive services as important as those of anyone in private industry. They make it possible for private industry to function in an atmosphere of law, order, freedom and peace. But their justification consists in the utility of their services. It does not consist in the "purchasing power" they possess by virtue of being on the public payroll.
Henry HazlittTag: stimulus econonomical
The basic stimulus to the intelligence is doubt, a feeling that the meaning of an experience is not self-evident.
W.H. AudenTag: intelligence doubt stimulus
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