Thursday, May 04, 2006

There is a considerable economic case to be made in opposition to gambling. It involves just sterile transfers of money or goods amid individuals, creating no new money or goods. Even though it creates no output, gambling does however absorb time and resources. When pursued further than the limits of amusement, gambling subtracts from the national income. Personal problems are other than one disadvantage, nevertheless they are real. People can turn out to be addicted to gambling, as they can to drugs or alcohol or smoking. Read further...