- published: 22 Feb 2014
- views: 16464
Greg Palast, The Best Democracy Money Can Buy. Donald Trump's new tax plan means only one thing - that voodoo economics are back - bigly. For more information on the stories we've covered visit our websites at thomhartmann.com - freespeech.org - and RT.com. You can also watch tonight's show on Hulu - at Hulu.com/THE BIG PICTURE and over at The Big Picture YouTube page. And - be sure to check us out on Facebook and Twitter!
Rachel Maddow dismantles the Republican talking points that Ronald Reagan's "Voodoo Economics" or "trickle-down economics" worked, pointing out how the Republicans who keep coming on the air claiming that tax cuts for the rich benefit the "job creators" are full of a bunch of bullpucky.
Watch the full Keiser Report E358 here http://www.youtube.com/watch?v=OKTELC3fto8 In this episode, Max Keiser and Stacy Herbert discuss High Frequency Trading being declared 'beneficial' by a scientist working for the UK government while on the other side of the pond, a US regulator blames it for wild volatility and compares it to "Texas Hold 'Em—Time to Fold 'Em." They also In the second half of the show, Max Keiser talks to tax expert, Lee Sheppard, about High Frequency Trading, a Financial Transaction Tax and siphoning gasoline from a neighbor's gas tank and claiming to be a market maker. Watch all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-current) Subscribe to RT! http:/...
Billionaire US President Donald Trump wants to reform the US tax system, like others before him. But his plan looks more like tax cuts for America's wealthiest and some of the world's biggest corporations. Although it's yet to be fleshed out, it's based on the idea that the cuts will pay for themselves, with the economic growth they generate in years to come. Yet, that's never happened in the history of US tax cuts. In economics jargon: this is a classic supply-side response to a demand-side problem. But why help companies and investors if workers are the ones in trouble? It's been done before and George HW Bush famously called it "voodoo economics" to discredit the notion that cutting tax rates will increase revenues. It's likely to push up the deficit, and opponents say it'll deprive...
The Austrians idiots hate math, data, statistics, facts and reality. As Hayek wrote, economic theories can never be verified or falsified by reference to facts. The Austrian school of thought is closely related to the Neoclassical mainstream--in that it shares its utilitarian theory of value, accepts basic supply and demand . This is the difference between a Real Economist (Keen) and Economic Entertainer Clown! (Peter Schiff) Join me on facebook.
More Wall Street Voodoo Talk, GDP vs GDI There is a new definition of economic performance or measurement of the economy's overall health and that is called the GDI or Gross Domestic Income. Instead of using the GDP (Gross Domestic Product, as a barometer of the overall economy's health. Wall Street is now making an argument that the GDI or Gross Domestic Income would be a better measure o the true picture of the country's economic performance. In my opinion, this is not but a charade by Wall Street to hide the truth regarding the recent years dismal economic performance and shrinking economy of the USA. A truer gauge of the USA's economic health would be to measure the domestic manufacturing output of durable and consumer goods.
FORMER Lagos State Governor, Asiwaju Bola Ahmed Tinubu, dissected Nigeria's economy and declared that the country was operating a voodoo economic policy that is pauperising the citizenry and urged urgent economic surgery to save the polity.For instance, Tinubu wondered why the Federal Government is maintaining a foreign reserve of $46 billion with one or two per cent interest and shouldering a load of $42 billion domestic debt, which it services with 16 per cent interest."This is voodoo economy," he said, adding, "they are operating it because they don't know what to do. It is choking the private sector."We must in this country do away with the idea of 'it is better save the money and spend the people.' Rather I will say we should adopt the policy of 'it is better to save the people and sp...
myspace.com/voodooeconomy I HAVE NOTHING TO DO WITH THEM!!!!!
Oust outside theory and adopt local solutions.
GG talks extensively about modern economics and the future of Europe.