Economics Exposed
Seven Deadly Innocent Economic Policy Frauds      A New Cycle Changes Everything

Why Poverty is Controversial?   Is Humanity Getting Better?  

Why Do People Continue To Believe Stupid Economic Ideas?
  4/17 Mark Blyth

Economics Rules: The Rights and Wrongs of the Dismal Science LSE 11/09/15

Return to Current U.S. Political Economy Controversies   Updated 2/2/18   Please link, use to educate and 



See Why Do People Continue To Believe Stupid Economic Ideas? M. Blyth 42 min Video

This hypothesis is dependent upon Exorbitant Dollar Privilege.

Read the Book:
by W. Moster

W. Moster lecture 
62 min.

Video Interview
with M. Moster

The Euro: past, present and future. The Crossroads Workshop 42 min. video

Interesting Quotes

"If you insure [banks] you had better regulate [banks] otherwise banks have no skin in the game."

Concerning pro cyclical policies "Its fine on the way up"




A New Cycle Changes Everything?
Last 50 Year Cycle Helped Many




Why is Poverty Controversial?
Liars, Dame Liars and Economists

Poverty Down Only 4.5% Points Over Fifty Years

Poverty Down 14.2% Points Over Fifty Years 

See War on Poverty, Was it Lost? NYT Legacies of the War on Poverty by Martha J. Bailey (Editor), Sheldon Danziger (Editor)

This chart "...provides a first approximation of how correcting the 2013 poverty rate for noncash food and housing benefits, refundable tax credits, and not using the upward [inflation] bias of the CPI-U would change the 2013 poverty rate. This adjusted poverty rate falls from 14.5 to 4.8 percent, making the 2013 rate roughly a quarter of the 1964 rate (19.0 percent). If we were to lower the poverty threshold for cohabiting couples to match that for married couples the 2013 poverty rate would have fallen even more." Examples of noncash benefits include food stamps SNAP), discounted school lunches, subsidized rent, Medicaid, and Medicare. See Source Editors Comments are in red. Editor'Note:
Economists stay employed by giving two answers, 16% for liberals and 4.8% for conservatives.
For more concerning poverty visit  Current U.S. Political Economy Controversies



Humanity Getting Better 1:29 video

See Economic Future of Our Children and Are Children & Young People Protected?

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