Saturday, November 1, 2014

3 Reasons President Obama Is Wrong About Stay-At-Home-Mothers

3 Reasons President Obama Is Wrong About Stay-At-Home-Mothers: "But perhaps it’s because this stay-at-home mother studied economics before she stayed home with her kids, in reality this is like saying “I want a world where unicorns are real and not just Taylor Swift Halloween costumes.” You can say you wish that taking time out of the workforce would have no effect on income, but that’s not how economics works. If every person got paid the same over the course of his or her lifetime — whether or not he or she took time away from the workforce to raise children — that would be an imaginary place, not a real place where scarce goods are allocated through market prices. I mean, you can believe in your heart of hearts that command economies can magically milk efficiencies out of something other than people acting in their self-interest, but you probably can’t do it with a grasp of reality. People should be free to make their own decisions regarding what they consume and what they produce, unless we want to be controlled by an all-powerful state. And what that means is that we have trade-offs."

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