The curse of the shadow economy
What happens when politicians, instead of ordinary people, decide what's important?
In general, when people transact in an economy, those transactions represent the values of those people involved in the transactions. That is to say, for example, that a person who wants to be an apple grower can do so because someone is willing to buy his apples at a price that covers the cost of production and affords him the opportunity to cover his expenses.
A woman can become realize her dream of being a veterinarian not just because she enjoys working with animals but because people have a need to keep their dogs and cats healthy.
The dance instructor loves to move her body in time with music, and so she embarks on in a job that allows her to teach youngsters about the mechanics of movement. So long as parents have the mone…
