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Tag Archives: cost

Who Will Pay for the Wall?

When we say that a good or service A is “paid for” by X, we mean that X is releasing the resources (ultimately the real resources: machines, labor, and other inputs) necessary to produce A. If we say that A is paid for “indirectly” by Y, we mean that Y is releasing the resources to X who in turn releases them to produce A. If one means something else by “paid for,” he either does not have a consistent and understandable theory of cost, or he is trying to mislead those...

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