Less poverty!Less unemployment!Less homelessness! Money to pay for more good things!More happiness! More money to pay for mitigation of any side-effects!

Slides:



Advertisements
Similar presentations
How big is the UK economy? The UK economy is the 7 th largest in the world, with an annual GDP of around £1.35 trillion, or £1350 billion, or £1,350,000,000,000.
Advertisements

Communities in Boom: Ted Mallett VP & Chief Economist Feb 19, 2013 Levering growth through entrepreneurship.
Chapter 7, Lesson 3 The Good Times End Mr. Julian’s 5th Grade Class.
Motivations... Winners and Losers.... Motivations 1.Why did France and Britain fight? -Gain control of Ohio River Valley -Expand empires -Disputes back.
Michigan Tax Reform Proposal. Overall Tax and Budget Plan $1.5 billion in spending cuts and structural reforms $400 million to finally start addressing.
Prosperity in the 1920s The boom in the 1920s in the USA.
The Debt Crisis. Key things to know What is the national debt? the sum of all federal bills, notes and bonds that have been issued by the Treasury and.
 Productivity decreases  Unemployment rate increases  Inflation from 1.6% to 9%  Interest rate increase  Government Increased Role 1. Regulation.
Retain G.W. Bush tax cuts for individuals earning over $ 250,000 per year is in the interest of a Republic Maxie Brinkmann, Vanessa Henning, Eva Estrada,
A Growing Economy Chapter 10, Lesson 1.
Toby Sanger, Senior Economist CUPE National 1. 1.Economic crisis and impacts 2.Causes and responses 3.Economic outlook 4.Impact on public services and.
Sources of Capital CHAPTER 9 SECTION 1: Saving SECTION 2: Investing
TERTIARY JOBS SERVICE SECTOR OF THE ECONOMY OBJ: TO DIFFERENTIATE THE DIFFERENT TYPES OF SERVICE JOBS AND WHERE THOSE SERVICES ARE DISTRIBUTED.
The Prudence of Investing – By Prof. Simply Simple Some people put their money in a bank account; some make investments in stocks and bonds. Different.
Budgeting and Financial Planning. Budgets Budget: A plan for how a person, family, or organization will raise and spend money. Why do you think it is.
California’s High Rate Unemployment.  The government has a debt of $20 million.  People not qualified to work because of a poor education.  Companies.
Explain why trade should reduce poverty Trade creates jobs for people working in export industries and supporting industries. There can be a knock on.
Please do not talk at this timeApril 19 HW: Chapter 15.2 Cornell Notes (Pg. 127A/B) Lost Generation/Great Depression Quiz on Monday.
Fiscal and Monetary Policy
Causes of Great Depression Chapter 22. Economy in the 1920s: Booming Economy  WWI brought US out of recession  Americans generally optimistic  1925—stock.
 How much obligation does the government have to keep the economy running smoothly?
The Great Depression How could this happen?. I can see clearly now the stock has collapsed! The Great Crash was hard to for see because before this fateful.
Domestic Policy Taxes Spending Social Security Medicare Medicaid Education Transportation Environment Crime.
Slides 2 After the First Midterm Exam. Open Economy Build a long run theory to explain trade balance and exchange rate Idea 1: Y = C + I + G + NX (net.
The “Great Recession”: The Government’s Response.
THE START OF THE GREAT DEPRESSION. Definition  Depression – A period marked by less business activity, much unemployment, falling prices and wages, etc.
The Causes and Cures of the Economic Crisis Dean Baker, Co-Director Center for Economic and Policy Research September 14-15, 2011.
The Great Depression Page ’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression.
The Great Depression. Economic Definitions Recession: A prolonged economic contraction lasting somewhere between 6 to 18 months.
Fiscal Policy History. Growth of the Federal Government 1930s The New Deal young men worked on infrastructure 1940s WWII everyone worked on war production.
Economic Policy Theories to Practice Chapter 18 Theories to Practice Chapter 18.
Stock Market Crash Economic Changes during the 1920s Republican presidents are Pro-business and follow a laissez-faire policy Many people experience.
The United States Economy. Our System The U.S. Economy is a mixed-market economy. It is based on: free markets private property profit competition consumer.
Circular Flow & Business Cycle
Fiscal Policy and the Multiplier. Unemployment Economic Growth.
The ETUC and the Deep Recession Dublin, November 2009
Bell Ringer #7 – 5/22/09 1. What do you think the difference is between a “job” and a “career”. 2. Name one “career” that you would like to have. 3. Name.
The Economy Ms. Dennis & Mr. Patten Participation in Government.
The Great Depression. Causes of the Great Depression Buying stocks with loans. Stock Market Collapsed Short signed government policies (high taxes protected.
. CHARTHierarchy of Earnings, Attributes and Privilege Analysis. CHARTHierarchy of Earnings, Attributes and Privilege Analysis Inequality in Ireland Today.
Financial Context Spending Gross Annual Budget = £310.6m ( VFM profile - positive) Funding.
Decide whether Brazil has had economic success What am I learning?
America Home of the Brave And Now We Save. What Happened? America used to be a rich happy place. Now everyone is clingeing to as much money as they can.
A Brief History The roaring 20’s The Great Depression A Tragic Low.
FISCAL & MONETARY POLICIES Controls the amount of money circulating in the economy.
Y Your task is to analyze the clues about what caused the Great Depression. Follow your teacher’s instructions about completing the activity.
PRIMARY VERSUS SECONDARY MARKETS
Spending, Saving, and Investing. Rational Decisions and Financial Planning Economist assume that, given enough information, most people are rational and.
The Federal Reserve Fiscal Policy - Using taxes and spending to help the economy grow. Monetary Policy - Policy that involves changing the rate.
Consequences of Fiscal Policy. Fiscal Policy The use of government spending and revenue collection to influence the economy.
Fiscal Policy SSEMA3 a-b. Purpose of Fiscal Policy  The use of government spending and revenue collection (taxes) to influence the economy.
The Great Depression Begins…. I. Reasons for Depression A.Farmers producing too much B.Overproduction from WWI C.Went into debt and farms failed.
The Nation’s Sick Economy Chapter 22 Section 1 Notes.
Economics in History. The Business Cycle The Business Cycle: Short-run changes in the economy between expansion/growth and contraction/recession Boom.
Fiscal Policy Using taxes and government spending to influence the economy.
Tchavdar Elenkov, BA Econ, CFP Insurance and Financial Advisor Catch 22 Mortgage vs. RRSP.
The 100 pennies represent $1 dollar in sales Sales
Nixon’s Domestic Policy What domestic polices happen under Richard Nixon?
Nixon’s Domestic Policy What domestic polices happen under Richard Nixon?
Immigration Issues Managing immigration –Swelling populations force federal gov’t to create more laws controlling Security –Foreigners were responsible.
Reaganomics = supply side/trickle down economics Cut taxes, especially for the wealthy and big business. Cut govt spending. No govt deficit. Keynesian.
The Great Depression & New Deal, Unit 7: Causes of the Great Depression.
The Impact of the Business Cycle Unit 27. Objectives Understand that economic activity tends to rise and fall. Understand that changes in the level of.
Chapter 16: Financing Government Section 4. Copyright © Pearson Education, Inc.Slide 2 Chapter 16, Section 4 Key Terms gross domestic product: the total.
The Impact of the Business Cycle Unit 27. Objectives Understand that economic activity tends to rise and fall. Understand that changes in the level of.
Dimitar Bogov Vice Governor
The Government’s Response
How the World of Business Works
Economic Ideology.
Dimitar Bogov Vice Governor
Presentation transcript:

Less poverty!Less unemployment!Less homelessness! Money to pay for more good things!More happiness! More money to pay for mitigation of any side-effects!

There are a few big-time winners, even if they are still not content in many cases Many losers think that there is still hope to catch up There are a fair few more who gain in short-term

Growth delusions: ‘Boom times’ Growth and then more growth, with the odd ‘cleansing recession’

‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt New financial instruments

‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt Credit Downturn New financial instruments BubbleBubble

‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt Credit Downturn “Get the economy going!” Growth at any cost! Relax protection! “Drill, baby, drill!” Cut taxes! New financial instruments BubbleBubble

‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt Credit Downturn “Get the economy going!” Growth at any cost! Relax protection! “Drill, baby, drill!” Cut taxes! New financial instruments BubbleBubble

Growth delusions: ‘Trickle Down’ Sao Paolo, Brazil

Growth delusions: ‘More jobs!’

Growth delusions: “Plan!”

Growth delusion: “The market can fix it”

Growth delusions: “Put a ‘tiger’ in your tank”