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Economic Deficit Theories Were Wrong, the Money Tree Exists
What if deficits and taxes are used to hold us hostage and there is an economic model capable of resolving all our issues?
The economic theories administered in the US, Australia, and the UK state a 3.5% to 4.5% unemployment rate is necessary for running an efficient economy. Sitting in high school econ class, even my dull teenage brain couldn’t fathom why an economic system requiring a percentage of people to suffer through unemployment was the ideal method. To wrap my head around the concepts, I took macro and microeconomics in university; consumers, markets, equilibrium, supply, demand, and a plethora of theories with their adjoining equations exhibited society’s behavior as it interacted in a game of Monopoly on steroids. The year I would enter the workforce as a professional was the year the global financial crisis (GFC) forced a crash course in economics realism.
Free market capitalism had failed, yet the US government bailed out the institutions responsible for the bankrupting and housing foreclosures of millions of Americans. The cruelty blew me away. Were the American people not worthy of a bailout, and why weren’t we considered the economy? Without us, there isn’t an economy. We do our consumerism duty, we obtain loans and…
