u s elections and the outlook for the global economy n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
U.S. Elections and the Outlook for the Global Economy PowerPoint Presentation
Download Presentation
U.S. Elections and the Outlook for the Global Economy

Loading in 2 Seconds...

play fullscreen
1 / 42

U.S. Elections and the Outlook for the Global Economy - PowerPoint PPT Presentation


  • 89 Views
  • Uploaded on

U.S. Elections and the Outlook for the Global Economy. Robert Genetski Website: ClassicalPrinciples.com 312-565-0112. Outline. Economic Framework How Economic Freedom Promotes Prosperity Global Freedom & Economic Trends US experience with economic freedom Impact of the US Elections

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'U.S. Elections and the Outlook for the Global Economy' - pules


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
u s elections and the outlook for the global economy

U.S. Elections and the Outlook for the Global Economy

Robert Genetski

Website: ClassicalPrinciples.com

312-565-0112

outline
Outline
  • Economic Framework
  • How Economic Freedom Promotes Prosperity
  • Global Freedom & Economic Trends
  • US experience with economic freedom
  • Impact of the US Elections
  • What Lies Ahead for the US & the World
outline1
Outline
  • Economic Framework
  • How Economic Freedom Promotes Prosperity
  • Global Freedom & Economic Trends
  • US experience with economic freedom
  • Impact of the US Elections
  • What Lies Ahead for the US & the World
outline2
Outline
  • Economics: scarcity and poverty

A. How to create growth and prosperity?

outline3
Outline
  • Economics: scarcity and poverty

B. Economic theories

1. Keynesian framework

2. Classical framework

classical economic principles
Classical Economic Principles
  • Characteristics

-- fundamental to our human nature

-- universal: apply to all people in all countries

-- timeless

classical economic principles1
Classical Economic Principles

2. Basis: When individuals have the most control over their own lives, they tend to make decisions not only in their own best interests, but in the best interests of others as well.

classical economic principles2
Classical Economic Principles

3. Classical Policies:

-- low tax rates & limited government

-- free markets

-- protection of property rights

-- a stable currency

outline4
Outline
  • Economic Framework
  • How Economic Freedom Promotes Prosperity
  • Global Freedom & Economic Trends
  • US experience with economic freedom
  • Impact of the US Elections
  • What Lies Ahead for the US & the World
freedom economic prosperity
Freedom & Economic Prosperity

Measures of Economic Freedom

1. Size of government

2. Legal system & security of property rights

3. Sound money

4. Freedom to trade internationally

5. Regulation

freedom economic prosperity1
Freedom & Economic Prosperity

The most effective solution to promoting growth and prosperity is to spread economic freedom throughout the world.

outline5
Outline
  • Economic Framework
  • How Economic Freedom Promotes Prosperity
  • Global Freedom & Economic Trends
  • US experience with economic freedom
  • Impact of the US Elections
  • What Lies Ahead for the US & the World
outline6
Outline
  • Economic Framework
  • How Economic Freedom Promotes Prosperity
  • Global Freedom & Economic Trends
  • US experience with economic freedom
  • Impact of the US Elections
  • What Lies Ahead for the US & the World
the united states a unique experiment in freedom
The United States: A Unique Experiment in Freedom
  • Founded on belief in God and Liberty

a. Declaration of Independence

b. Liberty involves limits on government

c. Defused power, checks & balances

d. Complex social & economic problems

e. Formula for freedom highly successful

the united states a unique experiment in freedom1
The United States: A Unique Experiment in Freedom
  • Rise in living standards

a. Government could solve problems

b. Shift in power & influence

the united states a unique experiment in freedom2
The United States: A Unique Experiment in Freedom

3. Progress toward freedom interrupted

a. 1st “progressive” movement: c. WWI

b. 2nd “progressive” movement: 1930s

c. 3rd “progressive” movement: 1970s

d. 4th “progressive” movement: 2000s

the united states a unique experiment in freedom3
The United States: A Unique Experiment in Freedom

3. Progress toward freedom interrupted

a. 1st “progressive” movement: c. WWI

b. 2nd “progressive” movement: 1930s

c. 3rd “progressive” movement: 1970s

d. 4th “progressive” movement: 2000s

the united states a unique experiment in freedom4
The United States: A Unique Experiment in Freedom

4. Factors eroding freedom 2010

a. increase use of eminent domain

b. war on terror and drugs

c. violation of bondholder property rights

d. size of government

e. regulation

f. trade restrictions

the united states a unique experiment in freedom5
The United States: A Unique Experiment in Freedom

4. Factors eroding US freedom since 2010

A. Fiscal policies

1. federal spending

2. private compliance spending

3. public debt

the united states a unique experiment in freedom6
The United States: A Unique Experiment in Freedom

4. Factors eroding US freedom since 2010

B. Rule of Law:

1. Government controls over healthcare

2. Government controls finance: Dodd-Frank

3. Edicts undermine law: immigration, welfare

4. Waivers from complying with law

5. Failure to enforce race-neutral laws

what lies ahead
What Lies Ahead?
  • Loss of freedom from current trends
    • Healthcare law: government controls healthcare
    • Financial reforms: government controls finance
    • Edicts undermine law: immigration, welfare
    • Waivers from complying with law
    • DOJ failure to enforce race-neutral laws
outline7
Outline
  • Economic Framework
  • How Economic Freedom Promotes Prosperity
  • Global Freedom & Economic Trends
  • US experience with economic freedom
  • Impact of the US Elections
  • What Lies Ahead for the US & the World
election implications
Election Implications
  • Federal Spending: 2014

President Obama $3.88 trillion

Romney-Ryan $3.48

Difference: $400 billion

2. Regulatory Compliance:

President Obama $2.4 trillion

Romney-Ryan $2.0

Difference: $400 billion

outline8
Outline
  • Economic Framework
  • How Economic Freedom Promotes Prosperity
  • Global Freedom & Economic Trends
  • US experience with economic freedom
  • Impact of the US Elections
  • What Lies Ahead for the US & the World
what lies ahead1
What Lies Ahead?

The good news:

Freedom in the world is increasing

The US has a history of recovering

the end

The End

Robert Genetski

Website: ClassicalPrinciples.com

312-565-0112

questions or comments

Questions or Comments

Robert Genetski

Website: ClassicalPrinciples.com

312-565-0112