Tuesday 17 October 2017

Two golden facts

Madam -- I could be mistaken but it is my understanding that there is not one member of the Dail or the Senate who is formally educated in the discipline of economics. Interesting if true.

As a retired secondary school teacher who taught 18-year-olds economics (obviously due to this limited background I am in no way "an authority" on the subject), please permit me to put forward some "economic facts" -- and there are not many of them in the subject.

When politicians talk about "free healthcare for all" and "free education" etc, the first "economic fact" comes into play: there is no such thing as a free lunch. Somebody has paid for "the lunch". An absolute -- true yesterday, today and tomorrow.

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