The World's Best Book Summaries
What is the Milton Friedman negative income tax idea? How would negative income tax work? Milton Friedman’s tax theories also include a negative income tax. This would allow direct payments to be paid to people below a certain income as opposed to having them pay taxes, which would help alleviate poverty. Read more about Milton Friedman, negative income tax, and what it means.
What is the federal reserve monetary policy? How does the federal reserve set the policy? The federal reserve monetary policy guides the economy in many ways. The Fed is also supposed to keep currency and the economy stable in times of crisis. Read more about the federal reserve, monetary policy, and more.
What is the core of Louisiana politics? Why is Louisiana one of the most consistently Republican states despite low quality of life? Louisiana politics are, and have been, consistently Republican for many years. There are clear consequences for everyday Louisianans to having pro-business policies that allow rampant corporate abuse. So why are Louisiana politics so staunchly Republican? Read to find out.
How does Social Security work? Why does Milton Friedman say Social Security doesn’t work? According to Milton Friedman, Social Security is unnecessary and unjust. Friedman posits that Social Security doesn’t allow people to make the best choices for themselves, and puts an unfair burden on the poorer young. Read more about Milton Friedman, Social Security, and his views.
What is disinvestment in the public sector? Why is this harmful and why do governments do it? Disinvestment in the public sector is a decision by the government to take funds out of public services, while keeping taxes for businesses and the wealthy low. Even though this has consequences for average people, Read more about disinvestment in the public sector and what it means.
What is the Bretton Woods system? How does is it work and it is effective? The Bretton Woods system was a system of foreign currency exchange where other nations values their currency against the United States’ gold standard. This placed restrictions on currency and exchange. Read more about the Bretton Woods system and how it works.
What does it mean to be anti-big government? Why is this a cornerstone of conservative values? Being anti-big government means that you reject government regulation and any use of the welfare system. Conservatives claim to be anti-big government despite suffering due to lack of regulation and environmental destruction. Read more about the conservative anti-big government ideology.
What does Milton Friedman say about poverty? How can capitalism be used to alleviate poverty? According to Milton Friedman, poverty is bad for the economy and society. However, anti-poverty programs also harm the economy for a few key reasons. Read more about Milton Friedman, poverty, and how he proposes economies can work to alleviate poverty.
What is floating currency? How does it work and why should it be used? A “floating currency” is the idea that the market should determine the value of a country’s currency. This is unregulated and according to Milton Friedman, much more beneficial. Read more about floating currency and how it works.
How does modern day America compare to other developed countries? What is the main factor behind their differences? The American caste system makes the most powerful country in the world the most antiquated. Almost every other developed nation is thriving in ways in which modern day America is failing. Keep reading to learn how modern day America compare to other developed nations and what the defining factor in this difference.