Post #4303124
2026-07-24 07:28 UTC
@GeofCox@climatejustice.social I like the canal analogy. Money is the water in the canal. The government pumps it in at the top and it flows out as tax a the bottom. Controls are required to keep the canal from running dry or flooding. It becomes obvious that individuals taking water out of the canal and hoarding it is a bad thing. Giving more money to people who spend it is not.
Replies (2)
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@GeofCox@climatejustice.social 2026-07-24 07:31
@markmason@mas.to I hadn't heard that - it's good.
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@patrickhadfield@mastodon.scot 2026-07-24 08:38
@markmason@mas.to @GeofCox@climatejustice.social I seem to recall that the first "economic models" were basically plumbing, with water representing the financial flows and various tasks and levers to model the effect of policy. (Now I have to go and find an image or something to prove I wasn't dreaming this...) Here we go... https://en.wikipedia.org/wiki/Hydraulic_macroeconomics