I have been teaching economics since 1967-40 years of it at George Mason University in Fairfax, Virginia.
Just as Galileo's law about the independent influence of gravity on falling objects has not changed, neither have the fundamental principles of economics.
It's made complicated by some economics professors-fortunately, not by my colleagues at George Mason University.
Let's apply some simple tools of economics to reveal outright myths, lies, and tricks.
Economists distinguish between entities who ultimately bear the tax burden and those upon whom tax is initially levied.
No one would fall for a politician telling a homeowner, "I'm not going to tax you; I'm going to tax your property." I guarantee that it will be a person, not the property, writing out the check to the taxing authority.
One would never hear my colleagues in George Mason University's economics department spouting such insanities.
https://www.dailysignal.com/2020/02/05/an-economics-reality-check/
Just as Galileo's law about the independent influence of gravity on falling objects has not changed, neither have the fundamental principles of economics.
It's made complicated by some economics professors-fortunately, not by my colleagues at George Mason University.
Let's apply some simple tools of economics to reveal outright myths, lies, and tricks.
Economists distinguish between entities who ultimately bear the tax burden and those upon whom tax is initially levied.
No one would fall for a politician telling a homeowner, "I'm not going to tax you; I'm going to tax your property." I guarantee that it will be a person, not the property, writing out the check to the taxing authority.
One would never hear my colleagues in George Mason University's economics department spouting such insanities.
https://www.dailysignal.com/2020/02/05/an-economics-reality-check/
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