Essential Economics for Politicians

It's the same old story: just as in the cases of health care and education, instead of getting to the bottom of what's making something expensive, the left's instinct is simply to subsidize it.

The latest example: Elizabeth Warren's plan for federal daycare subsidies.

What could be making daycare so expensive?

Fries U! What a deal
 
messy said:
You people are so stupid. He spent us out of a recession that could have been a depression. We recovered and picked wayyyyy up. Why are Republicans, other than the rich ones, so incredibly stupid about money and finance and economics. Iz and you and Ricky...no wonder you’re all so poor. Learn how it works and you’ll make some dough...or you can be an idiot like Ricky who says the stock market is a ripoff. LOL!!!
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You Keynesians crack me up. He spent us out of the recession that was created in the same manner that the recession was created. Increase the money supply and all kinds of magic happens. I should have known your collateralized debt mindset would surface in a macro sense.
 
messy said:
You people are so stupid. He spent us out of a recession that could have been a depression. We recovered and picked wayyyyy up. Why are Republicans, other than the rich ones, so incredibly stupid about money and finance and economics. Iz and you and Ricky...no wonder you’re all so poor. Learn how it works and you’ll make some dough...or you can be an idiot like Ricky who says the stock market is a ripoff. LOL!!!
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You Keynesians crack me up. He spent us out of the recession that was created in the same manner that the recession was created. Increase the money supply and all kinds of magic happens. I should have known your collateralized debt mindset would surface in a macro sense.
 
Bruddah IZ said:
You Keynesians crack me up. He spent us out of the recession that was created in the same manner that the recession was created. Increase the money supply and all kinds of magic happens. I should have known your collateralized debt mindset would surface in a macro sense.
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“Keynesians.” Fancy stuff. Guys like you and Ricky are super smart.
 
Bruddah IZ said:
It's the same old story: just as in the cases of health care and education, instead of getting to the bottom of what's making something expensive, the left's instinct is simply to subsidize it.

The latest example: Elizabeth Warren's plan for federal daycare subsidies.

What could be making daycare so expensive?

Fries U! What a deal
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We need you to give us financial advice! LOL.
 
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Legendary economist on biggest socialism myth
By Julia LimitonePublished March 05, 2019U.S. EconomyFOXBusiness

Thomas Sowell: Socialism is a wonderful sounding idea, it's only as a reality it is disastrous
Economist Thomas Sowell on mounting concerns over the rising popularity of socialism.


The surprising resurgence of socialism Opens a New Window. is putting America’s future at risk, according to legendary economist Opens a New Window. Thomas Sowell.

Continue Reading Below


“I do have a great fear that in the long run we may not make it,” he told FOX Business’ David Asman on “Cavuto: Coast-to-Coast Opens a New Window. ” on Tuesday.


Sowell is putting the onus on the education system and the media for encouraging people to “test ideas against facts.”

“Socialism is a wonderful sounding idea,” he said. “It’s only as a reality that it’s disastrous.”



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Alexandria Ocasio-Cortez Opens a New Window. , who is a self-described Democratic socialist, and whether she will continue to rise in popularity, he replied: “It depends.”

“If they go by rhetoric, she’s a rising star,” he added

https://www.foxbusiness.com/economy/legendary-economist-on-biggest-socialism-myth
 
Bruddah IZ said:
No you donʻt. Just keep on paying off your amortized loan.
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Between the value increase on my houses, the deductibility of my mortgage and the 8% or so I make on the money that I use every month to pay the mortgage with, how much am I ahead by purchasing these assets with an amortized loan? As opposed to something else I could have done with those down payments.
I just mean my residences, not the house I use for Airbnb.
Or if I didn't have the down payments, like say...you, I'd pay my landlord's mortgage for him every month. You're an ekonomikle jeanious!
 
messy said:
How do you think a company pays for an acquisition of another company, especially when the purchased company isn't growing its business?
But they're smart to convince the dummies that it's because of minimum wage increase.
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Let me call ricky and have him read it to you and then I will have Iz explain the economics.
 
US trade deficit surges to 10-year high in Dec. vs est of $57.3B
  • The trade deficit between the U.S. and its global partners was $59.8 billion in December and $621 billion for the entire year.
  • That increase comes despite the Trump administration's efforts to lower the imbalance through a series of tariffs implemented through the year.
The goods deficit came to $891.3 billion for the year, the highest on record.

The trade deficit with China in December was $38.7 billion, by far the most of any nation. The next highest was the European Union at $15.8 billion and Mexico at $8.8 billion.

Adjusted for inflation, the goods trade deficit rose $10 billion to a record $91.6 billion in December and likely will weigh on the final calculations for gross domestic product. The first estimate for fourth-quarter GDP was 2.6 percent.

https://www.cnbc.com/2019/03/06/us-trade-deficit-surges-to-59point8b-in-dec-vs-est-of-57point3b.html

Can't imagine how this happened with the Grifter Don the Con Trump as President. It's a good thing that as Izzy says we are not in a Trade War with China because if we were we would be getting slaughtered. Izzy your hero Trump is really fucking up with those tariffs.
 
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