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Old 02-21-2013, 11:21 AM   #85
KC native KC native is offline
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Join Date: Feb 2009
Location: Fort Worth, TX
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Quote:
Originally Posted by patteeu View Post
Why is that? How does it choke people out? You guys keep saying "it's bad" but you don't have an explanation for why it's bad.
On my phone so do your own homework, but it is a widely accepted principle in economic circles and several papers have been written on the subject.

IIRC The IMF has the most well known work on this.
Posts: 24,899
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