If we care about the future of the economy, then we have to pay close attention to the policies that shape it.We are currently living in an age of extreme -- and in certain cases, unprecedented -- levels of monetary and fiscal policy.Is that wise? Or should market forces be allowed to play out more & free us from the constant intervention of the central planners?To explore this, we welcome economist Dr Arthur Laffer. Dr Laffer was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board. He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth.
Good intentions, bad results.Watch the whole series here: #^https://www.youtube.com/watch?v=Oztz17JUpr0&list=PLBuns9Evn1w9XhnH7vVh_7C65wJbaBECK&index=1&t=0sPar...
welcome to the “subsidize demand and arrest anyone who tries to take advantage of the price caps” stage of the greendemic of darkness sweeping the globe as deeply unserious people propose deeply unserious “solutions” to entirely avoidable problems of their own making.
Economics is the study of human action—the choices people make in a world of scarcity. Scarcity means that people have unlimited wants but we live in a world of limited resources. Because of this fact people have to make choices, and choices imply trade-offs. The choices people make are influenced by the incentives they face and those incentives are shaped by the institutions—rules of the game—under which people live and interact with others.In this essay, I will explain eight ideas and give examples of the economic way of thinking.
Powell received criticism for his remark about not understanding inflation, as many in the public have expressed concerns about inflation for over a year. Wall Street Silver, a popular investing forum on Youtube and Reddit, tweeted, "Only the ‘experts’ and the media didn't see this coming. Just about everyone else did."
Putin! Price gouging! Excess profit!Politicians blame the wrong things for record gas prices.
"The price-gouging stuff is to economic science what President Trump's remarks about disinfectant in your veins was to medical science," Summers said.
