June 24, 2010

Free Money!

Examples are everywhere. "Had a $10K winner on PB!" the Oklahoma Lottery tweeted this morning. Oklahoma's personal income is up, the Tulsa World reported on Saturday.

But too often tweeters and reporters only want us to focus on that which is seen, not that which is unseen. It's as if we're supposed to believe lottery prize money comes from Santa Claus or the tooth fairy, not from some trucker in Luther who can't get his kid a bike because he blew through his take-home pay. It's as if new money is delivered to us by rainbow-powered unicorns, not borrowed from the Chinese and your grandchildren.

If I didn't know better, I'd be tempted to think that liberals don't understand basic economics.

No comments:

Post a Comment