Pundit

fallacy of composition

The Government's deficit is not like my credit card debt (this is not a blog about Dotcom)

The economy, thank God, does not resemble my household budget. 

Still, National will tell us they have the books in order because they’ve listened to our grandparents' voice of reason: ‘don’t spend more than you earn, and if you get into debt, spend less and save more. Batten down the hatches and wait for the recession to pass.’


Read More