Macroeconomic Concepts Used in Franconomics.com
Every week, we introduce concepts in our podcasts. For example, in our podcast for the week ending June 7, we utilized the classic macroeconomic equation GDP = C + I + G to assert that the only way to boost the GDP was to either boost C or I or G. For example, the current administration / US Treasury has provided a bailout of $6.7 trillion through the Federal Reserve and potentially a bailout of $2 trillion (including the $700 billion Hank Paulson bailout from the Bush era, plus at least $300 billion plus from the Obama Stimulus of $787 billion passed earlier this year in 2009, plus potentially up to $1 trillion through the fraud prone and highly controversial pPiP plan) from the US Treasury Department. $6.7 trillion + $ 2 trillion = $8.7 trillion. Number of American citizens is 300 million. If we divide $8.7 trillion by 300 million, we come up with 29,000 dollars per citizen. $29,000 per person can go a long way towards boosting the "C" or consumption component in the US GDP, since GDP = C + I + G. Instead, the money is being drained out by Goldman bankers, so that they can pocket a nice bonus again in 2009. No wonder, the great recession is deepening.
Please click on a concept you would like to learn more about. Thank you.
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