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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Dope1   😊 😞
Number: of 15055 
Subject: Re: Also in his own words
Date: 08/16/2024 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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