Economic Literacy

Trump’s Economic Handling: 56% Disapprove, Sparking Outrage

Fifty-six percent disapproval of Trump’s handling of the economy, as revealed by a recent survey, is a significant figure, sparking considerable discussion and varied interpretations. It suggests a substantial portion of the population harbors negative views on his economic policies and their impact. This number, however, is considered by some to be surprisingly low given the prevailing economic conditions.

The current state of the economy, characterized by rising inflation and falling stock prices, seemingly contradicts the relatively low percentage of disapproval. Many argue that with the rising costs of everyday essentials like groceries, coupled with a volatile stock market, the dissatisfaction should be considerably higher.… Continue reading

MAGA’s Economic Illiteracy: Trump’s Policies to Deliver a Harsh Reality Check

A prevalent misunderstanding of American capitalism fuels much of the current political climate, marked by a belief in an inherent right to prosperity. This misconception, fostered by politicians and a lack of journalistic rigor, ignores the inherent inequalities of capitalism and the limited influence presidents have on factors like inflation and supply chain issues. The author argues that this flawed understanding, particularly prevalent among MAGA supporters, stems from a potent blend of feelings and mythology, rather than a reasoned analysis of economic realities. Consequently, many Americans mistakenly blame liberalism for the shortcomings of capitalism itself, overlooking the role of offshoring and other inherent capitalist practices. Ultimately, this lack of economic literacy hinders productive political discourse and effective policy solutions.

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