Friday, November 16, 2012

Why you can't compare a household budget to the budget of a country

Paul Solman, writing for the PBS Newhsour's The Business Desk, explains why you can't compare a family budget to the budget of a country. Essentially, his answer is that a country can tax and a family cannot, but it should make sense that lopping off some zeroes to compare the spending of an apple to orange orchard is not a sound analogy.

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