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[–] 35 points 3 months ago (7 children)

To be fair, when I took Economics 101: Macroeconomics in 1985, there was a big point about how important it was to maintain a fairly even wealth distribution, with a discussion of how it is a very bad thing™ for all the wealth to consolidate at the top. (In the meantime, Reagan was gutting all the policies that were used to keep wealth distributed and preserve a strong middle class.) So this is something that anyone who took a basic college course should know.

In time, I got confused that presidents and legislators kept pushing supply side (trickle-down) economics and kept passing laws that allowed the upper class to keep more of their money, while leaving the lower and middle classes to languish, when I was certain these officials were educated (or had experts who were) and should know better. Then I worked out that they are just captured and corrupt AF.

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  • [–] 8 points 3 months ago (2 children)

    This and anti-cyclical spending avoiding depressions are the only two real¹ predictions from the guy that basically invented macroeconomics.

    No politician cares about either of them.

    1 - Meaning about things people actually need, not money.

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