“To be clear, that bank executives might have turned a blind eye to Trump’s fraud does not necessarily mean there were no victims. Giving Trump financial products he should not have qualified for ultimately reduced resources available for other, honest borrowers.” Those are the words of Washington Post columnist, Catherine Rampell. If only she would apply her half-right logic to government spending, taxation, or both.
Indeed, in her half-correct critique of Donald Trump’s dealings with banks, Rampell unwittingly happened on the problem with government spending. It doesn’t just happen. Using Rampell’s exact words, government spending can only happen insofar as there are “reduced resources available for other” honest workers, businesses, and entrepreneurs. Unless Rampell thinks government extracts resources from Pluto, then it’s logically true that the good, bad, or realistically horrid of government spending is a certain consequence of others going without.
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