bonequest: voting dongs

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April 7th 2014 No. 5,548

deuce: T PANTS I LIKE YOU deuce: BUT I DO NOT LIKE WHAT YOU STAND FOR (FREE DONGS FOR EVERYONE) deuce: THAT IS NOT FISCALLY RESPONSIBLE NOR WILL IT ACHIEVE THE OUTCOME YOU WANT deuce: IT WILL JUST CAUSE RENT-SEEKING BEHAVIOR THAT WILL MAKE THE EFFECTIVE COST RISE EVEN THOUGH THE OFFICIAL PRICE OF A DONG IS $0 deuce: THE OPPORTUNITY COST OF A DONG IS THE DIFFERENCE IN PRICE BETWEEN THE DONG AND THE SECOND BEST ALTERNATIVE YOU WOULD HAVE CHOSEN HAD YOU NOT CHOSEN THE DONG deuce: WHICH QUITE FRANKLY OUGHT TO BE ABSOLUTELY ANYTHING AT ALL deuce: THE VALUE OF A DONG IS NOMINAL IF IT'S NOT INFLATION-ADJUSTED OR REAL IF IT'S INFLATION-ADJUSTED; YOU REALLY WANT THE THE INFLATION-ADJUSTED DONG VALUE deuce: VOTING DONGS ANYWAY deuce: I CALL IT DONGONOMICS