Modern economic glossary

by thoughtfulconservative

Dad29 pointed us to this post of definitions for common popular economic terms. Here are a couple to whet your appetite (There are more at the link).

Bailout: A process by which your money is given to someone else in order to save them from financial collapse.

Rescue: Very much like a Bailout with the important exception that it is called a rescue.

The Free Market: An economic model in which the government gives people free stuff.
Supply and Demand: A theory of economics in which the demand for government money and the supply of campaign contributions reaches a natural equilibrium and in so doing optimizes the chance of an incumbent politician being reelected.

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