Click on the link below for a basic economic lesson:
Human knowledge has progressed exponentially since the dawn of modern science. It is no longer reasonable to accept claims without sufficient objective evidence. The harm from religion, alternatives to medicine, conservatism, and all other false beliefs will be exposed on this blog by reporting the findings of science. This blog will also reinforce what should be the basics of education: History, Civics, Financial Literacy, Media Literacy, and Critical/Science Based Thinking.
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."
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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