“The difference between the yield that funds earn in one use and the yield they could have earned had they been placed in an alternative investment generating the highest yield available.”
Media coverage, mainstream and otherwise, today has been all over discussing whether or not this bridge was “obsolete” and what that means, and whether or not there was “fatigue” in the steel, or other signs of wear/tear. They’ve been going over the frequencies of inspections, etc. They’ve talked about the age of the bridge (1967).
One interesting radio bit, though, on “Here and Now”, was discussing the status of our nation’s bridge infrastructure, and the fact that, on average, a bridge collapses every week somewhere in the United States. Which brings me back to the title of this post. Opportunity cost. Here’s a number: $448,547,085,637 , one that is already obsolete, because it was from the morning of August 2, 2007. Go ahead and click on the link and see how much the number has gone up between then and now when you are reading this. Here’s a question to go along with that number: How many of those bridges that have fallen down in the past 4+ years of war could have been repaired if we hadn’t spent that money blowing shit up? Just wondering. Talk amongst yourselves.
Tags: Domestic Issues by desertbug
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