Almost every politician and economist calls for cutting the pie into smaller and smaller pieces to convince people they are getting a free lunch. But it is the same pie so whether you cut it into 6,8,19 or 300,000 pieces it is just an illusion politicians use to get elected. After the government takes out their slice or slices the taxpayer always ends up with less. In this light hearted look Mike Maloney looks at the free lunch, more pieces, lie politicians try to sell us every day. There is no such thing as a free lunch. Whether it is you paying through taxes, some other guy paying or passing on the cost to your children someone has to pay.
(Disclaimer: Not all politicians lie all the time – just enough to get elected and reelected again and again)
In the past, through the strength of the US dollar as reserve currency we were able to shift the debt to foreign countries who would buy up our debt. With alternates to the dollar gaining strength the dollars status as a reserve currency is increasingly being challenged. Foreign countries are seeking alternatives as our countries politicians telegraph their desire to avoid cleaning up the mess they created or shoulder any responsibility for it.
I think it is clear to most people and they understand, from their own experience what “there is no free lunch” means. But when you ask some economists what does an economist mean when they say there s no such thing as a free lunch the answer is hazy. You seem to have entered the domain of doublespeak and common sense seems to have been left far behind.
Get Mike Maloney’s Best Selling Guide to Investing in Precious Metals:
Guide To Investing in Gold & Silver: Protect Your Financial Future
Listen to the Precious Metals Investing Podcast
You can listen to some of the episodes right here at PreciousMetalsInvesting.com: Precious Metals Investing Podcast
Or even better yet subscribe to the podcast on iTunes here: Subscribe To Precious Metals Investing podcast on iTunes
Android Users can subscribe to the Precious Metals Investing Podcast at Google Play here:
Subscribe to the Precious Metals Investing podcast on Google Play
DISCLOSURE: If you purchase items though the links on this site such as the Amazon Links, PreciousMetalsInvesting.com will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
The content provided here is for informational purposes only. Investor’s situations vary so make sure you consult with your own financial adviser before making any investment decisions. Not all investments are suitable for all investors. Users agree to hold preciousmetalsinvesting.com, its owner and affiliates, harmless for all information presented on the site. PreciousMetalsInvesting.com presents no warranties. PreciousMetalsInvesting.com is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access PreciousMetalsInvesting.com, any linked content, or the reliance on any information on the site.
The information contained on this site does not constitute investment advice and may be subject to correction, completion and amendment without notice. PreciousMetalsInvesting.com assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. PreciousMetalsInvesting.com disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result. The information supplied by the experts featured at PreciousMetalsInvesting.com are assumed to be accurate.
