Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th ed. PART 3 Markets And Welfare Chapter 7 of 36 Consumers, Producers, and the Efficiency of Markets Section 1 of 16 … Chapter 7 Topics: Consumer Surplus, Price and Willingness To Buy Using The Demand Curve To Measure Consumer Surplus How A Lower Price Raises Consumer Surplus What Does Consumer Surplus Measure? Producer Surplus, Cost and Willingness To Sell Using The Supply Curve To Measure Producer Surplus How A Higher Price Raises Producer Surplus Market Efficiency The Benevolent Social Planner Evaluating The Market Equilibrium Market Efficiency and Market Failure … … market efficiency ichiba kōritsu-sei 市場効率性
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Review of book When China Attacks. Grant Newsham. 2023. Kindle online sample. Section 1. From introduction: When China Attacks is a fire bell in the night—a warning about a war we are already losing. It offers a frightening, and well-founded, blow-by-blow account of what might happen next. China poses an existential threat to America, warns a veteran intelligence officer, and the window for an effective response is closing fast. Col. Grant Newsham, a former reserve head of intelligence for Marine Forces Pacific, delivers a blow-by-blow account of how THE THREAT HAS DEVELOPED, FROM THE GROWING SKILL AND BELLIGERENCE OF THE CHINESE MILITARY TO GRAY-ZONE CAMPAIGNS TO HOLLOW OUT AMERICA’S WILL TO RESIST. These efforts have now reached fruition. You can see the war damage in Baltimore, Erie, Buffalo, and countless other communities across the United States. … With decades of experience in Asia, including as a U.S. Marine, a diplomat, and an executive with Morgan Stanley and Motorola i...
Mostly summarized from Gregory Mankiw’s Principles of Economics 5 th Ed. PART 2 How Markets Work Chapter 6 of 36 Supply, Demand, and Government Policies Section 15 of 15 … In 1990, Congress passed a law adding a 10% luxury tax on yachts. The goal was to raise revenue for the federal government from the rich Because only the rich could afford to buy yachts, taxing yachts seemed a logical and progressive tax. Because of the forces of supply and demand, the result was different than Congress expected but economists could have predicted. … The demand for yachts is elastic, millionaires can easily forgo buying a yacht. They can instead buy some other luxury such as a bigger house or a European vacation. However, the supply of yachts is inelastic. Yacht factories are not easily converted to alternative uses. Workers who build yachts cannot easily change careers. With elastic demand for yachts and inelastic supply of yachts, the burden of this tax fell mostly on the suppliers. … ...
From article The History of Kamala Harris. Combat Veterans for Congress Political Action Committee. July, 2024. Posted by Geoffrey B. Higginbotham Major General, USMC (Ret.). Kamala Harris' father was an avowed Marxist professor in the Economics Department at Stanford University in Palo Alto, CA. Both of Harris' parents were active in the Berkeley based Afro-American Association. FIDEL CASTRO AND CHE GUEVARA WERE THE HEROES OF THE AFRO-AMERICAN ASSOCIATION. … The group's leader, Donald Warden (aka Khalid al-Mansour), mentored two young Afro-American Association members, Huey Newton and Bobby Seale. They created the Maoist inspired Black Panther Party which gained strong support from Communist China. The Black Panther Party served as the model for creation of the Black Lives Matter Marxist organization. KHALID AL-MANSOUR SUBSEQUENTLY WENT ON TO ARRANGE FINANCING AND FACILITATED FOR BARACK HUSSEIN OBAMA to be accepted as a student to matriculate at Harvard L...
240729M Lynn Chu post: Someone needs to tell Kamala, who is truly an idiot, that government does not exist to redistribute wealth. Has she ever read the Constitution? Apparently not. That is not what the regulation of interstate commerce or any other part of the Constitution means. OWN COMMENT: edit #2 Whenever profits are high for a certain business new competing businesses start up, driving product prices down and quality up. Redistribution of wealth by government means: -profits taken from successful businesses and given to poor, miserable people, making them dependent on government and incentivized not to work and study hard -less motive for current businesses to expand and new ones to start up -high product prices and low product quality -smaller economy with fewer high-paying jobs -less incentive and opportunity for poor people to increase their value and income through education and training and get high-paying jobs -increased number of poor, miserabl...
Mostly summarized from Gregory Mankiw’s Principles of Economics 5 th Ed. PART 2 How Markets Work Chapter 6 of 36 Supply, Demand, and Government Policies Section 14 of 15 … Figure 9 illustrates the general lesson a tax burden falls more heavily on whichever side of the market for a good, consumers or suppliers, that is less elastic, less sensitive to price increase caused by the tax. Elasticity measures the willingness of consumers or suppliers to exit a market when conditions change unfavorably, such as a tax increase. … Case of a small elasticity of demand, Figure 9 (a). A relatively inelastic, more vertical, demand curve means consumers have few alternatives to consuming the good, there is not a close substitute to purchase. Case of a small elasticity of supply, Figure 9 (b). A relatively inelastic, more vertical, supply curve means suppliers have few alternatives to supplying the good, cannot easily produce something else. … When a good is taxed · the side of the market...
Lynn Chu Favorites · · Biden lied about America not being at war. America is at war, kinetically, in the Red Sea, and gearing up in the South China Sea. Undeclared war, as they all are. The Navy is seeing more war action than any time since WWII, say foreign policy experts privately, and on obscure foreign policy-oriented podcasts, and passingly on occasion in the stream of words on FoxNews. If Israel has to fight Hezbollah in the north, as it is just now having to do in response to the bombings of its citizens, then the U.S. will ineluctably be drawn into that war, too. Unless of course a Kamala in charge decides to break faith with Israel, signaling to the world the U.S. can be trusted by no one, which the world already now believes based on Biden-Harris's disastrous behavior on the world scene. They fomented and created the ongoing multifront wars around the world. Probably deliberately, as I believe the Democratic Party is now solidly occ...
Lynn Chu Facebook post: The border crisis was willfully created by the Biden administration as part of its Cloward Piven strategy to cause chaos in America and foment communist "transformation" as well as to import millions of new individuals who can then be attached to ID numbers that can then be attached to backwards untraceable ballots. Transformation is their new word for "revolution," just as "equity" is their new word for communist leveling, and "diversity" their word for manipulating categories to steer political favors to their faction at the expense of their political adversaries. Biden and Harris have been rampantly violating U.S. (and inherited British common) law under the guise of implementing "new policy." You cannot have a "new policy" that is a flat violation of the law set forth by Congress, and of all principles of justice as expressed in the common law, which serves as the foundation and historical...
From article Tax cutters always win and tax hikers always lose. Larry Kudlow. July 25, 2024. Vice President Harris cast the decisive votes for Joe Biden's two biggest and most inflationary spending sprees. In March 2021, Vice President Harris cast the tie-breaking vote for the so-called "American Rescue Plan." THAT'S A $1.9 TRILLION SPECIAL, IT LAUNCHED A 9% INFLATION RATE AND STILL TODAY, THE LONG TAIL OF THAT INFLATION SURGE HAS CAUSED AN AFFORDABILITY CRISIS, WITH CUMULATIVE INFLATION UP 20% and a more than 4% drop in average weekly wages for middle-class working folks, but even that was not enough for the Bidens’ insatiable spending appetites. … She never talks about economic growth or making the economic pie grow larger. Those are two staples of Mr. Trump's economic platform. In fact, the contrast between Trump's tax cuts, deregulation and "drill, baby drill" and KAMALA HARRIS' TAX HIKES, BIG GOVERNMENT SPENDING AND WAR ON FOSSIL FUELS c...
Government Taxation Causes A Deadweight Loss For The Economy First, watch this video: https://www.youtube.com/watch?v=dbuU8S1x0Ro&feature=youtu.be … Per Figure 1: For the economy, maximization of total consumer + producer surplus is the goal Consumer surplus (satisfaction) is the price consumers are willing to pay for a good minus the price they actually pay for it . Producer surplus (profit) is the price producers receive for a good minus their costs of producing that good. In Figure 1, maximum total surplus is at equilibrium E. … Per Figure 2: Pre-tax total surplus = consumer surplus (A + B + C) + supplier surplus (D + E + F). Government needs tax revenues, but taxation creates deadweight loss. Government tax revenue = B + D Consumer and producer surplus reduced to A and F Deadweight loss caused by taxation = C + E … Per Figure 3: Example of deadweight loss. Consumer surplus: Joe values a pizza at $8, the maximum he would pay for a pizza. Jane values pizza at $6. The pre-ta...