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Ebook: Popular economics: what the Rolling Stones, Downton Abbey, and LeBron James can teach you about economics

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06.02.2024
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"Tamny uses ... stories from sports, movies, popular culture, and famous businesses to explain the basic principles of economics. [With a conservative bent, he examines] how money really works--a lesson politicians try (and fail) to grasp every day"--;Taxes. Taxes are nothing more than a price placed on work ; When we tax companied, we rob them of their future ; Government spending did not create the Internet, and has never created a job ; It's the spending, stupid : budget deficits really don't matter ; Capital gains are the elusive jackpot that drive innovation ; The best way to spread the wealth around is to abolish the estate tax ; Wealth inequality is beautiful ; Savers are an economy's most valuable benefactors ; Job creation requires perpetual job destruction ; Bulldoze the Y.S. Tax Code -- Regulation. Appalachian State almost never beats Michigan, and government regulation almost never works ; Antitrust laws : the neutering of the near-term excellent ; Don't dismiss college dropouts delivering alternative weeklies -- Trade. "Trade deficits" are our rewards for going to work each day ; Comparative advantage : could LeBron James play in the NFL? ; "Outsourcing" is great for workers, and as old as the pencil ; "Energy independence" would be economically crippling, "global warming" is a crippling theory ; Free trade is the path to knowledge, liberty, world peace, and big raises -- Money. A floating foot, minute, and second would give you ugly houses, burnt wings, and slow NFL draft picks ; Do not be fooled by rising and falling computer, flat screen, and VHS prices : they are not an inflation or deflation signal ; True inflation is currency devaluation, and it is a cruel blast to the past ; If they tell you they predicted the "financial crisis," they're lying ; "Do-nothing" politicians deserve a special place in heaven.
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