Zero Sum Games, and the Economics of a Nation
Lets talk about Zero Sum games. (Hooray! This is going to be fun! ) Less sarcasm please. Seriously, lets take a look at the economy of a country. Broadly speaking, you have the Public Sector and the Private Sector Public Sector : Also known as Gummint . This is all the money spent by the Gummint to do whatever the heck that Gummints do. Private Sector : Everything that isn't the Gummint. All the goods, service and whatever else that goes on in the country. Mind you, this even includes the underground economy , i.e., you pay the local kid $20 to mow your lawn, and don't give him a 1099. So, where does the Gummint get its money? I mean, they have to pay the Army, Congress, DMV, etc, right? The first (and actually quite wrong) answer is " They print it ". Which is kinda sorta vaguely true, except that its actually none of them, and is in fact quite false. The government gets all (actually most , but more on that i...