Economics is about creating good outcomes for human beings.
Economics isn't meant to explain everything, but it is good for establishing parameters, distinguishing relationships, identifying issues, clarifying options and providing an analytical framework.
Economics isn't meant to explain everything, but it is good for establishing parameters, distinguishing relationships, identifying issues, clarifying options and providing an analytical framework.
by Leelo Dallas Multipass December 18, 2005
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And how the government is stealing from its citizens!!!
>:(
And how the government is stealing from its citizens!!!
>:(
by ur freakin brain speaking 2 u! October 19, 2009
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by dagagapancake69 May 24, 2023
Get the Economics mug.When you pay with cash to the penny. For example, have you ever been in line at a grocery store and the customer is a white haired granny looking lady. When they pay their bill they pay with cash and to the penny.
Granny economics is the best way to stay out of debit. Somebody who uses cash only. A person who knows how to take care of the money.
by Granny economics July 19, 2014
Get the Granny economics mug.The economic idea of maintaining as little wealth as possible while at the same time spending as much as possible on alcohol
James down the road loves Haynesian Economics, he's spent his whole life using it to buy alcohol and have enough confidence to talk to ella
by haynesyboy July 29, 2020
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Get the chinese economics mug.Trickle Down Economics is a blatant strawman of supply-side economics used to demonize supporters of said system.
Those using the term assert that Republicans intend to cut taxes on the rich people, which will then, by some undefined mechanism, cause money to trickle down to the poor.
However, not one economist has ever published a theory on the mechanism behind this so called Trickle Down Theory.
This strawman mainly serves to demonize the Republicans for cutting taxes on the rich. The actual position of the Republicans, supply side economics, asserts a well known phenomenon, wherein cutting taxes on rich people will cause them to invest more money, thus opening new markets or expanding existing ones, creating jobs and generating wealth.
The origins of the term lie in a speech by Franklin Delano Roosevelt, wherein it is asserted that there are two economic theories, one according to which "If we make the rich people richer, somehow they will let a part trickle down to the rest of us.
The second theory ... is that if we make the average of mankind comfortable and secure, their prosperity will rise upwards, just as yeast rises up, through the ranks."
Roosevelt, a democrat ironically enough, mocked this idea himself, however, it has somehow become a staple in politics to claim that this nonexistant theory is somehow the economic position of the Republicans.
Those using the term assert that Republicans intend to cut taxes on the rich people, which will then, by some undefined mechanism, cause money to trickle down to the poor.
However, not one economist has ever published a theory on the mechanism behind this so called Trickle Down Theory.
This strawman mainly serves to demonize the Republicans for cutting taxes on the rich. The actual position of the Republicans, supply side economics, asserts a well known phenomenon, wherein cutting taxes on rich people will cause them to invest more money, thus opening new markets or expanding existing ones, creating jobs and generating wealth.
The origins of the term lie in a speech by Franklin Delano Roosevelt, wherein it is asserted that there are two economic theories, one according to which "If we make the rich people richer, somehow they will let a part trickle down to the rest of us.
The second theory ... is that if we make the average of mankind comfortable and secure, their prosperity will rise upwards, just as yeast rises up, through the ranks."
Roosevelt, a democrat ironically enough, mocked this idea himself, however, it has somehow become a staple in politics to claim that this nonexistant theory is somehow the economic position of the Republicans.
Trickle down economics has not worked even once.
By cutting the taxes for the rich, the money they save, so they claim, will some how trickle down to the poor.
By cutting the taxes for the rich, the money they save, so they claim, will some how trickle down to the poor.
by chrischi3 September 14, 2018
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