Hey all, and Welcome to Finance and Fury, the Furious Friday edition.

Have you ever heard of trickle-down economics?

As you know, Friday episodes are here to clear up any misconceptions about economics and politics, and this is the biggest one when it comes to conservative side economics.

Today’s episode covers:

  • What is trickle-down economics?
  • How does it work? Who does it benefit?
  • What is the misconception?
  • When and Where did trickle down economics start?
  • How does wealth get produced?
  • What are some common examples of trickle-down economics?
  • What is supply-side economics?
  • How do you solve unlimited wants with finite resources?
  • How can you demand anything if there is no supply?
  • What does supply-side economics say?
  • What is better to have? And what improves our living standards?

The benefits of supply-side economics:

  • What are the benefits of supply-side economics?
  • What are the aims and objectives?
  • How is wealth different today compared to a caveman?
  • Today, it’s those who innovate that do the best
  • Compare recent product costs with past costs, which is more expensive?
  • How does demand increase over time?
  • What has to change for demand to increase?
  • The more things that are being produced, the more the economy does well
  • Where would you rather your money? What do tax breaks for the rich do?
  • What does history tell us? Who invests their money?

Supply-side economics is not trickle-down:

  • No wealth directly trickles from the rich to the poor when regulations and taxes are cut
  • Lower costs and regulations mean higher productivity
  • What are some real-life examples of this?
  • How does this increase tax revenues?

We should aim to make the pie bigger, not split it into pieces. We have cheaper stuff and increased living standards through supply.

This will be the first of more episodes to come around supply side economics.

Thank you for listening, if you enjoyed it give it a review or share it around, and if you want to get in contact you can do so here.

Resources:

Supply-side economics – https://en.wikipedia.org/wiki/Supply-side_economics

 

The market is in retreat! Is it from the economic impacts of the coronavirus or speculative selling and is it a good time to buy?

Welcome to Finance and Fury What a week last week was for markets – ASX lost value of just under 10% - All around news of the Coronavirus and speculation on Government responses – So Aus and international markets have dropped heavily – might be thinking that it is...

Welcome to GameStop: may we take your order?

Welcome to Finance and Fury. In this episode, we're going to cover the GameStop saga. It's still ongoing at the time of recording this, so new information may be out by the time you listen. I wasn’t going to cover this topic – I saw this first pop up either Monday or...

We’re back

Start here We're back! We're back! Sorry to keep you waiting for quite some time, but our absence hasn’t been wasted. As you can probably tell the podcast looks a little different, but don’t worry, you’re not lost. To help avoid any further confusion this is a quick...

The future of the share market: How central bank intervention will be a dominant factor going forward.

Welcome to Finance and Fury. Investing in the equity or debt markets in the world with greater levels of Central bank interventions – The rebounds of the market – seems to be responding to the Fed and the US Treasury Last week – the ASX recorded its biggest one-day...

What are Commonwealth unfunded superannuation liabilities and who do these benefit?

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Douglas: “Long time listener of your Podcast and it has great insights and thought-provoking ideas. Can you dive deeper in to who are the beneficiaries of the Future Fund from...

What creates a lack of resilience in financial markets and how a loss of resilience makes them prone for a collapse?

Welcome to Finance and Fury,  For the past few Monday episodes been talking about complexity theory and markets – check out Last two eps – went through phase transition, feedback loops and how markets become fragile and some signs this is happening Most recent...

What types of superannuation accounts allow you to control your investments?

Welcome to Finance and Fury, the Say What Wednesday edition. This week, the question comes from Andrew: "Last episode you mentioned super and a product that lets you invest in third party platforms. Would like to hear more about that." What is super? Most people think...

Should you reduce debt or use surplus cash to build wealth? Negotiating with future-you

Say What Wednesday Should you reduce debt or use surplus cash to build wealth? Negotiating with future-you Welcome to Finance and Fury, “Say what Wednesday” Where we answer questions about the world of personal finance. This week, the question isn’t from a listener...

Take control of your money – nobody else is going to do it for you

Episode 30 Take control of your money - nobody else is going to do it for you Welcome to Finance & Fury! On today’s episode we take look at the best ways to secure your financial future I’m going to share the rules I follow – And how to not be a victim It isn’t...

How Government spending through fiscal expansion aims to help the economy today, for future generations to worry about repaying

Welcome to Finance and Fury Last week – talked about Goodhart's law - "When a measure becomes a target, it ceases to be a good measure." – yet central banks have made inflation the policy target – Went through permanent QE and lowering rates and cashless economy Today...

Pin It on Pinterest

Share This