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Executive Order to stop minting cents
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<p>[QUOTE="Troodon, post: 26072585, member: 4626"]The story was written before unemployment benefits were a thing. I'm not opposed to unemployment benefits being a temporary thing to help people that, through no fault of their own, are out of work and unable to find new work, but we shouldn't indefinitely pay people not to work to the point it incentivizes people to just live off the benefits without bothering to find work. Those people, not employed in all the activity needed for the window repair, can instead be employed in more productive endeavors. Maybe the shop owner, not having to pay to have his window fixed, can invest more into his business or hire more people, say those people not involved in the window repair.</p><p><br /></p><p>Destruction and waste are ALWAYS a net negative to the overall economy and you shouldn't look at each individual aspect of it without also considering the whole. (The entire point of the broken window story is that there are hidden costs, now commonly known as opportunity costs, when production has to be diverted from what it otherwise would have been used for.) Otherwise you get people saying war is a positive to the economy, or crime, or natural disasters, or destruction, or various wasteful programs and expenditures by the government. Everything useless or wasteful the government doesn't spend money on is money that can now be spent on something more useful and beneficial. As Benjamin Franklin said (a quote especially appropriate considering the topic lol) "a penny saved is a penny earned."[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 26072585, member: 4626"]The story was written before unemployment benefits were a thing. I'm not opposed to unemployment benefits being a temporary thing to help people that, through no fault of their own, are out of work and unable to find new work, but we shouldn't indefinitely pay people not to work to the point it incentivizes people to just live off the benefits without bothering to find work. Those people, not employed in all the activity needed for the window repair, can instead be employed in more productive endeavors. Maybe the shop owner, not having to pay to have his window fixed, can invest more into his business or hire more people, say those people not involved in the window repair. Destruction and waste are ALWAYS a net negative to the overall economy and you shouldn't look at each individual aspect of it without also considering the whole. (The entire point of the broken window story is that there are hidden costs, now commonly known as opportunity costs, when production has to be diverted from what it otherwise would have been used for.) Otherwise you get people saying war is a positive to the economy, or crime, or natural disasters, or destruction, or various wasteful programs and expenditures by the government. Everything useless or wasteful the government doesn't spend money on is money that can now be spent on something more useful and beneficial. As Benjamin Franklin said (a quote especially appropriate considering the topic lol) "a penny saved is a penny earned."[/QUOTE]
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