The Business Cycle & Government

cropped-bob-shapiro.jpg   By Bob Shapiro

Sometimes, people make stupid choices.

Wait! Let me be more kind. Sometimes, people make choices which don’t work out as well as they had hoped.

You may have a passion for reproductions of historic horse and buggy rigs, and you decide to invest your life savings to open a plant to produce buggy whips. My expectation (I certainly can be mistaken myself) is that your venture won’t meet your profit hopes.

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