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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Dope1   😊 😞
Number: of 84353 
Subject: Re: Also in his own words
Date: 08/16/24 4:50 PM
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It doesn't matter in the context of what we're discussing. Government can subsidize things using different levers. They can just pay money directly to subsidize it, or they can relinquish a tax obligation in the same amount. Because money is fungible, it doesn't matter which they do - the impact on the product's market is the same.

Money is fungible with respect to a single party controlling his or her income or within a business attempting to make decisions with its cash on hand. Money IS NOT fungible in the context of independent actors making independent - and unrelated - decisions about where it is spent.

We don't have a centrally controlled economy and God Willing we never will.

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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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