Author Topic: Economics Culture  (Read 9534 times)

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Offline Michael Hardner

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Re: Economics Culture
« on: August 31, 2019, 02:19:00 pm »
Easy read:



And a great paragraph summarizing the mathematical fallacy that is 'trickle-down economics':
Quote
This is not just bad for those who suffer, although surely that is bad enough. It is bad for affluent Americans, too. When wealth is concentrated in the hands of the few, studies show, total consumption declines and investment lags. Corporations and wealthy households increasingly resemble Scrooge McDuck, sitting on piles of money they can’t use productively.

https://www.nytimes.com/2019/08/24/opinion/sunday/economics-milton-friedman.html