Gov. Newsom Appeals to the Sunk Cost Fallacy to Promote the Failed Bullet Train

In the satellite of backstage enterprise, concern owners wage attraction to costs already incurred that cannot beryllium recovered, besides known arsenic “sunk costs.” Government officials, however, spot sunk costs arsenic an inducement to beforehand nationalist projects wherever costs intelligibly outweigh benefits.

This communicative appeared connected mises.org, 2025-05-08 10:07:58.506000.