Thursday, October 31, 2013

A new investment opportunity!

No, not sending me all your money- although if you want to, I won't stop you.

This is about something really silly I saw in a "news" article.

It quoted someone who made the claim: "...each dollar of food stamps infuses over $1.70 of spending into the economy."

That's a pretty good return!

If that were true, grocery stores could profit by printing and handing out their own "food stamps".  There would be no need of coercive and dangerous "welfare", since stores would gladly fund this type of profitable charity.  I suppose it wouldn't even count as "charity" since it would be an investment and you could get rich by printing and accepting your own, brand name food stamps.  And if food stamps are so great, gas stations should print their own gas stamps, and hardware stores should print tool stamps, and car dealerships could make a killing on car stamps!  The possibilities are endless.  You can't lose.

Unless what the person claims* isn't true.

Do statists really believe the ridiculous things they say?

Or, does this just show an utter lack of understanding of basic economy and where the money to pay for things like food stamps actually comes from?

*(Yeah, that's assuming the article quoted her accurately, which is quite an assumption to make.  Yet, based on experience listening to statists make claims...)