another dangerous economic myth which is repeated ad nauseam is that a government is like a household and has to 'balance its books' - which is wrong in that (1) government spending and taxation is only one part of the national economy and (2) government doesn't have control over the other parts. Also national governments (except in the EU) can create further money:
Don't we already kind of subscribe to toothbrushes? That's the ultimate aim of all of this right, to create things that don't last forever. Every company is looking for it's added value.
I was referring to the unique inability - wilful or innate or failed education - of Americans understanding of basic differences between economic and political systems.
Which has nothing whatsoever to do with periodic payments of any kind.
another dangerous economic myth which is repeated ad nauseam is that a government is like a household and has to 'balance its books' - which is wrong in that (1) government spending and taxation is only one part of the national economy and (2) government doesn't have control over the other parts. Also national governments (except in the EU) can create further money:
https://theconversation.com/why-the-federal-budget-is-not-like-a-household-budget-35498
https://neweconomics.org/2018/10/a-government-is-not-a-household
https://billmitchell.org/blog/?p=332
Don't we already kind of subscribe to toothbrushes? That's the ultimate aim of all of this right, to create things that don't last forever. Every company is looking for it's added value.
That is actually a really good point and I'd never considered before now how planned obsolescence is kind of a subscription model!
This does seem to be an almost uniquely American problem.
do you pay an annual subscription to use Word on your computer? not uniquely American....
I was referring to the unique inability - wilful or innate or failed education - of Americans understanding of basic differences between economic and political systems.
Which has nothing whatsoever to do with periodic payments of any kind.
ah my apologies, I misunderstood!
No problem, I was a bit confused with your response, especially given I'd just received my annual MS renewal and price increase email.
Spooky. 😂
oh dear!