Hypothecation - not a hypothesis on vacation, but about as much use
My first post on here is something that I’d been planning to write about on my livejournal for a while, but it took me a while (11 months actually) to get around to. The thing that spurred me to actually getting around to write it was someone saying something along the lines of the following:
I wouldn’t mind so much about speed cameras if the fines went towards road safety
And what he’s after is what economists call hypothecation. The problem is, while it might sound good, it’s really quite a bad idea
