Observances: Tax or subsidy

I remember sitting in college courses in economics and observing charts being drawn by professors on the board about subjects I had never heard.

Most of the kids in the classes had come from families whose parents had grown up in the depression and some were fascinated by the interplay between economics and politics and how the mistakes in both had led to the depression and World War II.

One of the points made was that if you tax something, the economy produces less of it and if you subsidize something the economy produces more of it.

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