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LATEST E2E MATERIALS

The Economic 'Cake' Recipe

  • The quality and quantity of three “ingredients” causes economic growth: Labor, Capital and Natural Resources.
  • These ingredients be improved naturally when machines make workers more productive, or new natural resources are discovered. This causes economic growth to happen and jobs to be created.
  • These ingredients can be reduced artificially, such as wars that restrict the flow of natural resources or a minimum wage hike that makes labor less valuable. This harms economic growth and prevents job creation.


Health Insurance Tax (HIT)