LiquidHYDROGEN wrote:^^^^ Lol the irony. Accusing someone of using buzzwords when you use nonsensical pseudo economic terms like deregulations and "trickle-down". It's exactly as Xplaya said it, economics has been hijacked by corporatists to make it as inaccessible and esoteric as possible to the average Joe. The truth is economics is common sense, the more money working and middle class people have the more purchasing power they have and the more they can spend on goods and services. This can only be done by taxing wealthy people at a higher rate and subsidising lower income people with free education, healthcare and better paying jobs. Reducing tax for the rich only serves to widen the already huge gap between rich and poor. Do you think if we reduce business tax, rich corporations will suddenly invest in infrastructure, R&D, and better pay and benefits for their employees or divide the profit between their already immensely wealthy shareholders?

ah, another krugman spawn, i dont know why you seem to think you understand economics or capitalism, still your boucing around Keynesian and at best neo classical thoughts, they aint capitalism, only two schools of though have capitalism the Austrian school and Muslims who adhire to the exact hadith and Quran ( Austrian were sired by the school of salamanca of the 1400-1600s centuries and they were in turn sired by the likes of muslim Spanish economist ibn khaldun et al)
i am not here to teach you economics, and for your trickle down crap insult, firstly i dont believe it at all for i am not a Keynesian or neo classical or fresh water school for that matter,
secondly i dont believe individuals should be taxed let alone business, road, hospitals, schools etc we want the private sector has handle it/can handle it and thus a very small government that only protects private property righst(court system, nd crinimals banged up and nation protected, other than that the state has no function in choosing who to subsidies, heavy taxes- they only need very low taxes (consumption tax rather than capital/income tax) if the state is small and sticks to its key duty of defence of proterty rights and defence of domestic and foreign enemies. of courtse by now i can here the statist and interventinist shouting how dare i turn the state into a small insignificant organ with limited powers, please go ahead and study how the state is not allowed to tax income and profots in islam but only take 20% from war booty and 2.5% for sakaah.
ah and for demand side to be satisfied, surely someone has to supply that demand ? i will let you get some economic common sense, you need it.
and lastly, typically ignorant layman of economics, spending money doesn't grow and economy, its ok, it s fallacy trap most laymen fall into, i will give you two things that grow an economy: savings and investment ( Say's law- one cannot demand something/buy something with out saving, and one cannot invest with out saving or someone else savings, proof me wrong and i will send you $1000 through dahabshill xawalad.)
regulation: ha, we dont want or desire a single regulation that hampers the market in any way. yet you think you can spew a few words and label us,
prove Say's law wrong and i will give you that money, to any one of that including basra who seems to spew economic predictions and most illogical economic dialectics i get tired just reading her crap, but she tries,
i will throw you and basra a lifeline though so you dont embarrass yourselves, humans have written between 100-200 million books since Adam and eve or monkeys stood on their own too feets for our somali aethists who dig that crap, please read Hazlitt (Henry Hazlitt) economics in one lessons, top 100 books of all books ever written and published, it will wash away all your ignorance, or here is the link for those Americans malis on EBT like basra
https://fee.org/media/14946/economicsinonelesson.pdf
or alternative if your in London, come and see me in the institute of economic affairs, i usually debate with Marxist and MPs of Westminster look for a 6'2 tall Ogaden with very soft ear length hair who is build like an SS soldier dipped in light chocolate, I might have a DDSI or jubbaland small flag pin on my suit depending how I feel , i am happy to give you a free lesson in econ 101.
I am the greatest living somali/muslim economist: i have disproved a 160 year old economic theorem by Eugen Böhm von Bawerk who has argued no economy can grow with out riba/interest, i have proven him wrong in 2013
i am the first to prove interest is the nucleaus reason of why inflation exist, Teeri's Law of the Marginal Utility of Money and Inflation, i have solved the marginal utility of money/gold supply (i.e. we dont need an ever increasing supply of gold/silver/paper notes to satisfy an economy, we can improve standard if living with out increasing money supply - hint- reason for the existence of riba atleast the economic framework for it has been crushed by me, i have also proven why capital order/high order goods first go into recession and fall masively before retail/lower order goods.
i am the first muslim to have solved the Islamic development parading by showing nations can prosper with out riba in their banking system whilst keeping their money strong with out the need for riba intervention/support ( we were derided by many western economists that we cannot develop because of this reason in our deen) i proofed them wrong- it took me 2 years to do that, 2 years to kill a 160 year old theorem.
i have been begged to take scholarships for PhD at the age of 26 and have been offered a reading position with a masters degree, not even a PhD because i am the Einstein of economics, girls get wet when i explain to them economic theories, i dont know if its my good looks alhamdulilah or my passion for understanding c complicated theorems and physiological frameworks,
I have two white boards at home that i work on wearing a macawiis whilst solving my economic theorems that will one day impact your life as politicians nd economist pick up on it,
i will not boast further as i have boasted enough, if you have questions feel free to ask,
am also happy to send you a copy of my latest book, just ask on PM, i will sign it,
Teeri Out,
regards,