Friday, May 29, 2009

Understanding Fiscal Policy

First, thanks to for the pointer.

Here's an interesting piece on business/government cooperation.

To think, businesses benefit from legislation. Next we'll be hearing that politicians backing the legislation receive contributions from these same businesses.

Captain Renault is "shocked."

(For the younger readers of this blog, if you've not seen the classic film Casablanca, one of the characters, Captain Renault, is "shocked" to discover gambling is going on in Rick's Cafe - just as his winnings are delivered.)

This post relates to the following Keystone Economic Principles:
4. Economic systems influence choices.
5. Incentives produce “predictable” responses.

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