Just shared this with my Y12 economists. Always use 'guns vs butter' when teaching PPFs but never really knew the history behind it all. Now thanks to @wootenomics.bsky.social we do! It also shows the relevance of this discussion today. Have a read... #EconSky
@wootenomics.bsky.socialTrump said the US can't afford to fund daycare because it's fighting wars. That argument has a name in economics.
It's been around since 1936, and every president who's tried to ignore it has paid the price.
www.mondayeconomist.com/p/guns-and-b...
mondayeconomist.com
Guns and Butter: The Oldest Trade-Off in Economics Is Back
"We're fighting wars. We can't take care of daycare." Trump's off-the-cuff remark at a luncheon is actually one of the oldest ideas in economics. It connects Nazi Germany, LBJ's Great Society, and a g...