Showing posts with label Keynesian Economics. Show all posts
Showing posts with label Keynesian Economics. Show all posts

Sunday, April 9, 2023

What Conservatives Fail To Understand About Government Expenditures

" - - - a change in aggregate expenditures circles through the economy: households buy from firms, firms pay workers and suppliers, workers and suppliers buy goods from other firms, those firms pay their workers and suppliers, and so on. In this way, the original change in aggregate expenditures is actually spent more than once. This is called the expenditure multiplier effect: an initial increase in spending, cycles repeatedly through the economy and has a larger impact than the initial dollar amount spent."

Click on the link below for a basic economic lesson:


Sunday, January 10, 2021

Focus On The Cause, Not The Effects

Magical thinking is believing in false causes and effects, and a rejection of objective evidence. This allows the false beliefs of conspiracy theories and religion to take hold, culminating in the social upheaval the USA presently is experiencing. The treatment is education in science-based thinking.

Thursday, May 12, 2016

"Trickle Down Economics" Is A Failure - Period

Economics is called the "Dismal Science" for a reason:  there are many interacting social and political forces combined with biased research data.  However, just as with tobacco and climate change, good research is now coming in on "Trickle down economics."

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Choose how you look at reality wisely. Yes, it is a binary choice.

Choose how you look at reality wisely. Yes, it is a binary choice.
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SCIENCE JUSTIFIES ITSELF

SCIENCE JUSTIFIES ITSELF
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