Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
12-04-2010, 07:49 PM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Econ. 101 Vid Exposes Keynesian Consumer Spending Fallacy
Friday, December 03, 2010 12:34 PM
"Economics 101" Video Exposes Keynesian Consumer Spending Fallacy
A Center for Freedom and Prosperity Foundation "Economics 101" Video Exposes Keynesian Consumer Spending Fallacy. http://www.freedomandprosperity.org/pre ... 9-10.shtml
"Keynesian stimulus schemes failed under Bush and now they are failing under Obama" said CF&P Foundation President Andrew Quinlan. "This new video hopefully will prevent similar mistakes in the future by helping people understand the importance of growth rather than redistribution."
"Keynesian policy is based on the fallacy that you can become richer by taking money out of one pocket and putting it another pocket, but this is a zero-sum game that appeals to statists and other redistributionists," added Dan Mitchell of the Cato Institute. "Real economic growth occurs when we figure out ways to increase national income, which is why good policy means reducing the burden of government."
Video Summary
Politicians and journalists who fixate on consumer spending are putting the cart before the horse. Consumer spending generally is a consequence of growth, not the cause of growth. This Center for Freedom and Prosperity video helps explain how to achieve more prosperity by looking at the differences between gross domestic product and gross domestic income.
This new video is part of CF&P's Economics 101 video series, which is designed to explain free market concepts, with particular emphasis on reaching students and young people. This is the tenth video in the series.
Video at the link: http://globaleconomicanalysis.blogspot. ... esian.html
Other Econ 101 Videos
Indexing the Capital Gains Tax to Protect Taxpayers from Inflation, http://www.youtube.com/watch?v=tvzqa71plv4
Repealing Obamacare and Restoring a Free Market in Healthcare, http://www.youtube.com/watch?v=DLybfQyrkdc
The Job-Killing Impact of Minimum Wage Laws; http://www.youtube.com/watch?v=zMMN3UIQmEk
Deficits, Debts and Unfunded Liabilities; http://www.youtube.com/watch?v=Ln559gjNpW4
Cost of the Internal Revenue Code; http://www.youtube.com/watch?v=XX8EswfGKQw
Lessons Learned From Sweden; http://www.youtube.com/watch?v=ENDE8ve35f0
Government Monopolies; http://www.youtube.com/watch?v=TIGmU2wJm-A
Moral Hazard; http://www.youtube.com/watch?v=_SdtoKeFTi0
Don't Copy Europe's Mistakes. http://www.youtube.com/watch?v=RZum_o-GAEI
Mini-Documentaries
Tax Competition Primer, http://www.freedomandprosperity.org/vid ... comp.shtml
VAT-Hidden Tax, http://www.youtube.com/watch?v=b6JDpw8a2Hk
Global Flat Tax Revolution, http://www.freedomandprosperity.org/vid ... ttax.shtml
Cutting the U.S. Corporate Income Tax, http://www.freedomandprosperity.org/vid ... etax.shtml
Promoting Prosperity, http://www.freedomandprosperity.org/vid ... 2009.shtml
Obama's So-Called Stimulus, http://www.freedomandprosperity.org/vid ... ulus.shtml
Obama's Deferral Proposal, http://www.youtube.com/watch?v=pTXiadVpS4M
Case Against Class-Warfare Tax Policy, http://www.freedomandprosperity.org/vid ... fare.shtml
President Obama's Dishonest Demagoguery on Tax Havens, http://www.freedomandprosperity.org/vid ... -th1.shtml
Six Reasons Why the Capital Gains Tax Should Be Abolished, http://www.youtube.com/watch?v=_yXINN1tD54
Benefits of Tax Havens http://www.freedomandprosperity.org/vid ... s1-3.shtml
Laffer Curve. http://www.freedomandprosperity.org/vid ... rve1.shtml
Inquiring minds will want to check out some of those videos.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot. ... esian.htmlJoin our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Rep. Grothman: DHS monitoring over 600,000 illegals with...
04-23-2024, 07:07 PM in General Discussion