
You may have heard this piece of wisdom in Econ 101. “There is no such thing as a free lunch.” Someone is footing the bill.
The mass material affluence that characterizes much of American society is a testament to the power of our economic and political system. The cities we inhabit, the cars we drive, the gadgets we use, the ways we communicate, the food we eat, and the energy we consume are all products of its success.
But remember, “There is no such thing as a free lunch.” Someone is footing the bill.
Allow me to modify that statement. There is no such thing as a dollar menu. Transactions inflict costs on the real world that are not reflected in a market pricing system.
A friend of mine is particularly fond of McDonald’s Dollar menu, and makes a habit of...
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