“It is what you do that defines you.”

posted by Nima

November 16, 2008 · Posted in General Economics 

An important axiom came up in the movie Batman Begins:

“It’s not what you are inside, but what you do, that defines you.”

When analyzing an economic system, it is first and foremost relevant to analyze the actual actions of the actors who fulfill economic functions in that system and the actions that the government takes. All labels that are attached to groups or individuals need to be stripped off and cast aside. It is in particular imperative not to rely on what government officials are saying, but to take a close look at what they are actually doing.

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