Economics Lesson 101

[forsyth]

Today we're going to discuss opportunity costs. That's the cost of something that comes from the other things you could be doing with that money/time/resources.

For an example, let's say you're a rich and powerful country. Then you decide to incompetently invade a small country in Asia. The opportunity costs of this adventure are all the other things you could have done with five years, trillions of dollars, international influence, three Army divisions, thousands of cruise missiles, a carrier task force, millions of rounds of ammunition, and a hundred thousand dead civilians Iraqui citizens. Oh, and the moral high ground.

Any questions?

Comments

short criticism of phrase

[dezro.livejournal.com]

What we could have done with those dead civilians!

Re: short criticism of phrase

[forsythferret.livejournal.com]

Fixed

[the-s-guy.livejournal.com]

"Never get involved in a land war in Asia."

[jokermage.livejournal.com]

<sarcasm>But isn't it all worth it if you get a nice "Mission Accomplished" photo-op in a flight suit?