ECONOMICS OF CHOICE
Understanding how government policy impacts our lives and our children's lives today and in the future.
Introducing a better framework for understanding how the world works
In 2023, we are facing significant economic challenges including inflation, income disparity, fewer natural resources, high debt levels, political divisions, and the consequences of Federal Reserve policies. These challenges impact each and every one of us - they impact our ability to prosper.
To solve these challenges, we need a broad and better understanding of how the world's economies function.
The Economics of Choice model is built on an understanding that how we spend our time, what our values are, and economic vitality are integrally connected.
An incomplete approach
Individuals expect economic growth and blame the government for recessions. Politicians promote short-term economic growth through expansionary fiscal policy or deficit spending and by pushing the Federal Reserve to stimulate the economy. Mainstream economic models do not adequately explain the consequences of expansionary fiscal and monetary policy and when short-term leads to long-term sustainable growth. Imprudent fiscal and monetary policy is dangerous and needs to be understood.
Driving sustainable long-term growth
The Economics of Choice model connects our opportunity to pursue happiness with productivity, the cause of short- and long-term economic growth, natural resource scarcity, ecosystem health, Federal Reserve policy, fiscal policy, unpaid volunteer work, government policy, culture, and values. The goal of this new model, ultimately, is the empower governments, businesses and individuals throughout society to make better decisions.
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Learn how policy decisions made by all levels of government impact the quality of life of individuals around the world.
“The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”
~Adam Smith, The Wealth of Nations.