Marco on Nostr: If are into deep and entertaining insights into the #economy and #prosperity, this ...
If are into deep and entertaining insights into the #economy and #prosperity, this entertaining interview with economics legend Arthur Laffer will blow your mind: https://m.youtube.com/watch?v=PzCVj7SOx_I
Take-aways:
min 3:00: 1-year bond rate minus inflation is a great indicator of a nation’s economic progress. Judging by this indicator the US, Europe and soon even in China are in secular decline.
min 7:45: To reignite prosperity the socioeconomic system must be set up for (1) lowest possible tax rate on the broadest possible tax base (2) government spending in areas where it has the highest return for the desired outcome (3) sound money (4) focused minimal regulation (5) free trade.
Again, the US is on a downward slope with on all five.
min 37:30: Government transfer payments lead to less economic activity both at the giving and the receiving end thus reducing total income. Forcing absolute income equality will lead to no income whatsoever because there will be no more incentive to economic activity.
#grownostr and #hodl #bitcoin
Take-aways:
min 3:00: 1-year bond rate minus inflation is a great indicator of a nation’s economic progress. Judging by this indicator the US, Europe and soon even in China are in secular decline.
min 7:45: To reignite prosperity the socioeconomic system must be set up for (1) lowest possible tax rate on the broadest possible tax base (2) government spending in areas where it has the highest return for the desired outcome (3) sound money (4) focused minimal regulation (5) free trade.
Again, the US is on a downward slope with on all five.
min 37:30: Government transfer payments lead to less economic activity both at the giving and the receiving end thus reducing total income. Forcing absolute income equality will lead to no income whatsoever because there will be no more incentive to economic activity.
#grownostr and #hodl #bitcoin