Jan 30, 2019
Regardless of your position on the shutdown, we should recognize the deceit involved in calling this a shutdown. Spending $12 billion per day is not a shutdown. Spending 7 percent less than you spent last year is not a shutdown.
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Regardless of your position on the shutdown, we should recognize the deceit involved in calling this a shutdown. Spending $12 billion per day is not a shutdown. Spending 7 percent less than you spent last year is not a shutdown.
What Shutdown? Federal Spending per Day Is Down Only 7 Percent
What Shutdown? Federal Spending per Day Is Down Only 7 Percent
By Mark Brandly
Mises Institute
January 25, 2019
What Shutdown? Federal Spending per Day Is Down Only 7 Percent
In our Principles of Microeconomics courses, we sometimes consider whether a firm should shutdown some line of production. A firm shuts down when it ceases operations, when it closes down and stops its production. The firm stops spending money on everything except its fixed costs.
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