Gary North on Thanksgiving

Some thoughts on Economics and Thanksgiving From Gary North :)

....The problem is, we look to the present, not to the past. We look at the marginal unit – the unit of economic decision-making – and not at the aggregate that we have accumulated. We assume that whatever we already possess is well-deserved – merited, we might say – and then we focus our attention on that next, hoped-for "util" of income.....whole thing