SOCI 1251 Lecture Notes - Lecture 2: Progressive Tax, Freeriding, Free Trade
Document Summary
Neoliberalism: 1980, ronald reagan, resurgence of liberal laissez-faire economics. Fiat money - faith that people have in the government to issue money (not based off any value) When you put your money into something in hopes of that company making more money and you gaining money in the process. Act now to create future economic success. Anything of value that is a potential source of income. Financial instruments that can be bought and sold (stocks and bonds) Stocks (share), own a small part of a corporation. Specific type of loan; organizations that give bonds are borrowing money from the person who purchases the bond, facilitates long-term investment. The bigger the leverage, the bigger the profit. If there are losses, then much of those losses are displaced onto others. Investing in something based purely on hope that it will generate a good outcome in the future. Occurs when more and more people invest in something and.
