In related news, GM announced record savings by not making any cars. "It's like we're minting money!" shouts ecstatic exec. :ablobfoxdundundunowo:

#wb #strike #wgastrike #sagaftrastike #econ101

https://gizmodo.com/warner-bros-q2-earnings-strikes-david-zaslav-wga-sag-1850703857

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Capitalism gave us airplanes.

#capitalism #econ101 #airplane #WrightBrothers #freedom #progress #kittyhawk
(images PD; and CC-BY-SA-2.0, Bill Larkins)

"If one nation comes up with a way to reduce carbon emissions, others might be more likely to slow down their transition to clean energy" https://www.bloomberg.com/opinion/articles/2023-01-20/how-will-geoengineering-work-time-for-some-game-theory?utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&utm_content=business&cmpid=socialflow-twitter-business&sref=htOHjx5Y sounds like #econ101

He refers to OBR figures on spending. But welfare spending is a broad category. State pension is the biggest part of welfare spending.

If we decompose this data the figure that emerges looks very different.

1) Real #Pension spending shot up and was decoupled form the real economy (#TripleLock)

2) #Welfare spending was flat nominally & declined in real terms by around 30%.

This is what #austerity looks like.

If this was a #Econ101 assignment, this would be a clear fail.

But... there is a

The American System has always involved government protection and support for key industries but almost nobody who graduates from US #Econ101 has any idea. Here's James Madison in his message to Congress in 1815 #economics

New Ep!

(Ep. 61) [Book Talk] ECONOMISM - Bad Economics and the Rise of #Inequality, by James Kwak

Kwak makes a compelling case that an overly simplistic understanding of #economics (‘#Econ101’) is exacerbating the economic, social, and political problems of both the U.S.A. and the world at large

It’s extremely important to understand that these simple ideas are being used to mislead, lie, cheat & to control us. #economism

YOUTUBE: https://youtu.be/FV8GyULMIfs

SPOTIFY: https://spoti.fi/3VrGRHl

No one is entitled to others' efforts.

If a business can't pay a livable wage, that doesn't mean people's time is less valuable. It means the business doesn't have a viable business plan.

The "business" doesn't have any inherent right to exist. Businesses and corporations are only legal fictions. They aren't people.

#UnionYes #econ101

Customer nak barang yang paling murah, bukan tengok warna kulit vendor #econ101

RT @fmtoday@twitter.com

Mara Digital Mall boleh tiru cara promosi Low Yat, keluar belenggu sepi tanpa pelanggan #FMTNews https://www.freemalaysiatoday.com/category/bahasa/tempatan/2022/08/14/mara-digital-mall-boleh-tiru-cara-promosi-low-yat-keluar-belenggu-sepi-tanpa-pelanggan/

🐦🔗: https://twitter.com/fmtoday/status/1558597464663674880

The limits of what government can do to bring about prosperity in the world is nothing.

#economics #econ101

https://odysee.com/@mises:1/what-is-progressivism:5