Facts and fallacies about America’s economic pie

John Eidson

John Eidson, electrical engineer: Fed a constant diet of economic lies by anti-capitalists in our society, the millennial generation has been conned into believing that the wealthy get rich only by stealing an unfair slice of America’s economic pie. By taking more than their fair share, the theory goes, greedy corporate CEOs leave little but crumbs for everyone else. Such thinking is referred to as the zero sum theory of economics: that there is only one finite-sized pie to go around. In truth, America does not have a finite economic pie. Rather, it has a virtually unlimited supply of ever-evolving economic pies of varying sizes waiting to be made by enterprising people from every race and every income group.


Subscribe to our newsletter

Copyright 2021 - All About Energy