From a macro perspective, is there any difference between using your income to bet on a race horse versus usin?

Haley J asked:


From a macroeconomic perspective, is there any difference between using your income to bet on a race horse versus using it to bet on a new share issue by a company?

I got this from my textbook at the end of the reading, and I totally didn’t know…what do you think?

2 Responses to “From a macro perspective, is there any difference between using your income to bet on a race horse versus usin?”

1. maxym36 says:

   July 18, 2009 at 4:02 am

   I think the difference is the company you buy the share in will use the money for whatever they do, providing jobs and so on, while horse money will go to the owner of the betting scheme, track or horse, not necessarliy provodong the same benefit to the economy.
2. yo says:

   July 17, 2009 at 11:06 pm

   dont understand what you are askin. is this keynsian or sth?