The Devil’s Dictionary of Economics
Search For: (free)
Definition Total: (1)
Page: (1) of (1)
Terms  |
Definitions |
| Free Lunch |
There’s no such thing. For instance, the money for John McCain’s summer gas-tax holiday comes from funds for maintaining highways and bridges. But the need for repairs is still there. He’ll either raise the gas tax after the election or risk having the bridges fall down. Anyway, encouraging people to burn a lot of gas before the election (and draining the Strategic Petroleum Reserve) will just postpone their acquiring fuel-efficient vehicles and will create shortages after the election. If Americans put McCain in the White House because they appreciate the summer vacations in their gas hogs that he paid for, it’ll serve them right if they freeze to death for lack of heating oil when the snows come after the November election. See Waste.
|
| |
|
|
