Heath, Happy New Year, and thanks for another great post. I got my economics degree over 40 years ago, and even then we were discussing "true costs" to society which are never taken into account. It's extremely complicated, but the primary problem is that so many people don't even want to acknowledge "hidden costs."
Thanks Harry and Happy New Year to you! It's true that "hidden costs" are difficult to calculate, at least under our current system. It's a complex problem for sure!
Heath, Happy New Year, and thanks for another great post. I got my economics degree over 40 years ago, and even then we were discussing "true costs" to society which are never taken into account. It's extremely complicated, but the primary problem is that so many people don't even want to acknowledge "hidden costs."
Thanks Harry and Happy New Year to you! It's true that "hidden costs" are difficult to calculate, at least under our current system. It's a complex problem for sure!