Yogi Berra Could Not Be Reached For Comment
"Well, I mean, I think so because I think that when you come into office and you want to put your mark on things -- this is just my opinion, when you want to put your mark on things, you want to be able to spend. And what’s crippled Obama's administration, as far as I’m concerned, is the financial crisis and it’s prevented him from doing any new spending," said Baldwin, who publicly supported Obama in the 2008 Presidential election.
Nobody spends money anymore there. It's too crowded.
Related: Baldwinism spreads to down under:
Jessica Irvine, economics writer for the SMH, explains a complicated microeconomic theory:
A price increase on a certain good has an ‘’income effect’’. By reducing a consumer’s real income, it makes them feel poorer and prompts them to consume less of that good.
Or as Tim Blair helpfully paraphrases, "Expensive things cost more."