CommonSenseEconomics @CommonSenseEco

Econ & personal finance curriculum: includes CSE textbook and a course package of assignments, discussion boards, quizzes, tests, videos, audios, & more! CommonSenseEconomics.com Tallahassee, FL Joined January 2016

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CommonSenseEconomics @CommonSenseEco

7 years ago

Do you own a business? Have you ever made a loss in a given month? What did you do the next month to make a profit?

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CommonSenseEconomics @CommonSenseEco

7 years ago

@artcarden explains how the role of #ProfitsAndLosses work to direct an economy in this @mises article: tinyurl.com/yaca5nh2

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CommonSenseEconomics @CommonSenseEco

7 years ago

Professor Daniel Smith explains the important role that #ProfitsAndLosses play in our economy in this video by @LearnLiberty. tinyurl.com/y8wcman4

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CommonSenseEconomics @CommonSenseEco

7 years ago

Concept of week: #ProfitsAndLosses. CSE excerpt: “Losses direct businesses away from wasteful activities that reduce resource value.”

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CommonSenseEconomics @CommonSenseEco

7 years ago

Concept of week: #ProfitsAndLosses. CSE excerpt: “Profits direct businesses toward productive activities that increase value of resources.”

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CommonSenseEconomics @CommonSenseEco

7 years ago

Deficit spending can be appealing to politicians but it’s a prime example of what economists call the shortsightedness effect. It’s important to understand the national debt and what it means for our economy!

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CommonSenseEconomics @CommonSenseEco

7 years ago

Crony capitalism falls under the umbrella of shortsightedness. Crony capitalism takes place when politicians favor private companies, which distorts the market & also puts the U.S. deeper into debt. If this interests u, read this article by Joseph Connors! tinyurl.com/zgnmz7f

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CommonSenseEconomics @CommonSenseEco

7 years ago

Have you ever wondered how much debt the United States carries, partially due to political incentives and the shortsightedness effect? Watch this quick clip where Professor Antony Davies graphically illustrates the size of the U.S. debt. tinyurl.com/yygp6c3q

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CommonSenseEconomics @CommonSenseEco

7 years ago

Concept: shortsightedness effect. James Buchanan: “The attractiveness of financing spending by debt issue to the elected politicians should be obvious. Borrowing allows spending to be made that will yield immediate political payoffs w/out incurring any immediate political cost.”

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CommonSenseEconomics @CommonSenseEco

7 years ago

At a worksite in Asia, Milton Friedman asked why workers use shovels instead of modern machinery. Gov official responded: U don’t understand. This = jobs program. MF replied: Oh, I thought u were trying to build a canal. If it’s jobs u want, u should give them spoons, not shovels

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CommonSenseEconomics @CommonSenseEco

7 years ago

Give this podcast a listen during your commute or when you work out! Dwight Lee will help you have a better understanding of why the government shouldn’t simply be creating jobs, but creating jobs in which people will produce wealth. tinyurl.com/y9s6tck7

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CommonSenseEconomics @CommonSenseEco

7 years ago

Watch this video of Professor Ben Powell explaining that jobs are important, but they need to be productive jobs that create value. tinyurl.com/y7zae6rt

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CommonSenseEconomics @CommonSenseEco

7 years ago

Let’s talk about jobs vs. the creation of wealth! CSE excerpt: “While employment is often used as a means to create wealth, we must remember that it is not simply more jobs that improve our economic well-being but rather jobs that produce goods and services people value.”