Why are we still pretending ‘trickle-down’ economics work? | Morris Pearl

Art Laffer, godfather of supply-side economic theory, is going to be awarded a presidential medal. He doesnt deserve it Next Wednesday, Donald Trump will award the Presidential Medal of Freedom to the arch-conservative economist Art Laffer. Sadly, Laffers career has been heavy on punditry, light in academic rigor, and absolutely destructive for the average American and the long-term health and sustainability of our economy. A Worlds Worst Economist. Hes been called a key part of the hang like a dead possum around his neck for the rest of his days. So why exactly is Trump awarding such a man with the nations highest civilian honor? Maybe its because he recently wrote a book, Trumponomics, praising the presidents economic agenda. Most …

Six people who prove capitalism is broken in America

Over the last few years, the Guardian talked to many people for whom capitalism isnt working here are a few of their stories Work hard, get paid, thrive. Thats the way the system is supposed to work. If youre not thriving, according to this logic, youre simply not working hard enough. But thats not the reality many people live, even in wealthy, industrialized nations like the United States. For many Americans, long hours and unrelenting dedication to their job are not enough to save them from homelessness, debt, and other humiliations. In 2018, the worlds richest 2,200 billionaires saw a 12% increase in wealth, cornflakes and, on the other, the many employees of billion-dollar companies who struggle to pay rent. …

Trump looks good for 2020, experts say, because ‘economy is so damn strong’

Wall Street economists claim low unemployment rate and rising GDP point to Trump victory, despite his poor personal polls Forget Robert Mueller and Stormy Daniels. Ignore Russia. If the election were held today, Donald Trump would win and if Americas economy remains robust he may well win again in 2020, according to Wall Street. Original Article : HERE ; This post was curated & posted using : RealSpecific