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Old 03-10-2005, 04:11 PM   #19 (permalink)
retsuki03
Crazy
 
Location: Austin, TX
Quote:
Originally Posted by guy44
I think you may be misunderstanding the economic concept of a "free lunch." Conservatives tended to be the ones to use this language in the 1980s to describe the way in which cutting taxes would result in greater government revenue. The argument went something like this: taxes are cut, this improves the economy significantly, which creates a much larger taxable economic base, which allows the government to take in more revenues than before taxes were cut. The "free lunch" now is considered by most people to be as rediculous a theory as "voodoo economics."
Economics major here. I don't know what "free lunch" means in politics, but in economics TNSTAAFL usually refers to opportunity cost. The way it was explained to me was if someone gave you your lunch for free, it wouldn't really be free, is because you could be doing something else with your time.
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