Economics in a few sentences

[qdog]

In a democracy, leaders cannot be reelected to office unless they promise and deliver uninterrupted economic growth. Once tools of monetary and fiscal policy are fully exploited leaders start looking for other ways to boost economic activity. The newest tools are what I call asset enhancement initiatives. In the short run, shortcomings of an economy can be overcome by causing the prices of financial assets to increase. Much of the economic growth since the last recession has been caused by this technique. The success of this system is contingent upon leaders successfully causing asset values to increase forever.

James Quillian

 

[DrChaos]

Political economics in a few sentences:


In case of A, cut taxes for the rich and outsource more.

In case of not A, cut taxes for the rich and outsource more.

In case of B, cut taxes for the rich and outsource more.

In case of not B, cut taxes for the rich and outsource more.

In case of C, cut taxes for the rich and outsource more.

In case of not C, cut taxes for the rich and outsource more.

In case of D, cut taxes for the rich and outsource more.

In case of not D, cut taxes for the rich and outsource more.

What do you mean this doesn't make sense?? You're a terrorist loving atheist fundamentalist commie.

 

[citizennobody]

How come when the laymen thinks about economics they never think past stage one to stage two then to stage three and so on...

There are NO simple answers in economics. There are no simple hydraulic effects. You cant just do one thing and expect it to work forever without something called 'learning effects' changing your outcome eventually....

Jezzzussssssssss

 

[Martin Gale]

Economics is politics in disguise.

 

[citizennobody]

Quote from Martin Gale:

Economics is politics in disguise.

Are you freaking kidding me??????

 

[Martin Gale]

Quote from citizennobody:

Are you freaking kidding me??????

Yes.
And no.

 

[frugi]

People respond to incentives.

---

If it moves, tax it.
If it keeps moving, regulate it.
If it stops moving, subsidise it.

 

[volente_00]

"An economist gets rich telling others why they are poor"

 

[citizennobody]

Quote from volente_00:

"An economist gets rich telling others why they are poor"

Yea all those years learning basic principles never impresses anyone, but throwing chicken bones on the floor usually gets them....

 

[Ricter]

Quote from DrChaos:

Political economics in a few sentences:


In case of A, cut taxes for the rich and outsource more.

In case of not A, cut taxes for the rich and outsource more.

In case of B, cut taxes for the rich and outsource more.

In case of not B, cut taxes for the rich and outsource more.

In case of C, cut taxes for the rich and outsource more.

In case of not C, cut taxes for the rich and outsource more.

In case of D, cut taxes for the rich and outsource more.

In case of not D, cut taxes for the rich and outsource more.

What do you mean this doesn't make sense?? You're a terrorist loving atheist fundamentalist commie.

Lmao, nice.