Yes $19M is a lot of money, but to use your terminology this is money that has already been pissed. The economic term for this is “sunk cost” — we aren’t getting those dollars back no matter what we choose.
It’s important to not let sunk costs influence our best course of action is going forward, but this is a challenge because people can get emotionally attached and massively overspend just to avoid feeling like the relatively smaller amount was wasted.
So is the better choice spending billions on F-35s and being locked into a forever contract with a country that is opposed to our interests? Or do we write off $19M and do something else? My vote is the something else.
All the biomedical research for all diseases, across Canada, for an entire generation. CAF PISSES money.
Yes $19M is a lot of money, but to use your terminology this is money that has already been pissed. The economic term for this is “sunk cost” — we aren’t getting those dollars back no matter what we choose.
It’s important to not let sunk costs influence our best course of action is going forward, but this is a challenge because people can get emotionally attached and massively overspend just to avoid feeling like the relatively smaller amount was wasted.
So is the better choice spending billions on F-35s and being locked into a forever contract with a country that is opposed to our interests? Or do we write off $19M and do something else? My vote is the something else.