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The study of choice, scarcity, Social reactions to policies, and unseen consequences. Since our time is limited, and creating/distributing goods/services takes time, everything is finite and has some scarcity. Economics is looking at that value, scarcity and demand -- and how individuals or society reacts with policies. And what the consequences of those policies are. ℹ️ Info           ~ Aristotle Sabouni Created: 2018-12-10

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Title	Summary
1990 Yacht Tax	Democrats in Congress passed a "fair share" luxury tax (30%) on airplanes, cars and yachts (as part of an Omnibus Budget Reconciliation Act of 1990), and promised it would bring in $9B over the next 5 years. What actually happened is it killed industries, lost thousands of jobs, and net taxes raised were negative.
40 Hour work week	The left thinks the Unions/Government gave us the 40 hour work week. It was standardized a decade before by Henry Ford (Capitalism). By the time we had the FSRA, it applied to less than 20% of the population. The Government created a regulation for the very few remaining, and took credit for something that was already done, and leftist media repeated the lie and the non-skeptical gobbled it up.
Alt-Economics	These are alternate-reality economics that Fake Economists (usually leftist polemics) tell each other and their base. AKA Leftonomics. Never blame on malice that which is more easily explained by incompetence. But when you are an "expert" that knows the facts and repeat the fabrications anyways? Then malice (dishonesty) is all that's left. They know better.
Bay Bridge Boondoggle	The bay bridge is a metaphor for San Francisco. The Golden Gate was built privately and under budget for $35M ($1.2B in today's dollars), one span of the Bay Bridge needed a retrofit. It was run by the city and came in late, and over budget at $6.4B, has metallurgy issues. All show, but we could have built 4 other bridges for the price.
Benefits encourage unemployement	Is anyone surprised that paying people not to work, encourages more people to not work? Well, as soon as a conservative suggested it in 2020 (not to raise unemployment too much), far left News organizations all pearl clutched over the offensive premise of cause and effect. So Democrats did it, and they got the exact effect the reasonable had warned.
Big Fraud Theory	There are a few books or movies like "The Big Short", Liar's Poker, who float this Big-Fraud theory (BFT): that the 2008 Financial Crisis was because of Fraud. It is loved by Hollywood, the Media, Progressives (Elizabeth Warren, Bernie Sanders), who know better but want to distract and enrage the gullible. It's becoming the most widely spread theory because simply hate and ignorance spread faster than information, complexity, and introspection.
Capital in the 21st Century	Economists can't agree on anything, but one thing that 80% of economists do agree on: that Piketty's r>g and is the cause of rising income inequality, is just wrong.
Capitalism	America and freedom are founded on Capitalism; the idea that you can own property (the means of production). Ultimately, if someone can steal from you, then you are a slave. If you can't start a business, or run it how you want? Then you're not a freeman, you're a serf to the state. Marxism is serfdom. The left wants everyone to be beholden to Uncle Government and Party.
Cell Phones	A good example of government helping is what the FCC did for cell phones: it delayed them by 40 years. In 1945 the Saturday Evening Post was talking about handle-talkies, which could have been done with transistor radios of the time. But while the technology was known for how to do it, as well as business plans and motivation, it took until 1982 for the FCC to allocate the spectrum to do it, and another 7 years (1989) to authorize licensing the service.
Costs of Defensive Medicine	There are often unexpected consequences for everything we do. I had a minor epiphany for improving a medical device/process, that heads my company (Baxter) agreed would save lives... but they could never use it because of medical liability. When they say, "Defensive medicine"... it is about protecting the company from lawsuits, thanks to overlitigation.

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