Voodoo Economics Part 1

Voodoo Economics, Part 1

The Keynesian Multiplier Demystified The Faults and Fallacies Behind The Idea of Benevolent Investment The term Voodoo Economics weas originally coined by George H.W. Bush during the Reagan administration to deride the theory of “tricke-down economics”, meaning: as investors use their liquid assets to invest (build factories, fund startup companies etc), more people get employed,