The middle class is shrinking. But instead of that being a horror, it’s a good thing, says economist Antony Davies. The reason, he offers: More of the middle class are becoming members of wealthier classes.
Davies is the
The Shrinking Middle Class
Tag Archives: Antony Davies
Myths About Our Debt
Perhaps the lamest myth about our government debt is that it’s about $20 trillion. “In reality, it’s much more,” says Antony Davies, an American economist, speaker and author. Davies says trillions more from federal agencies and government-sponsored enterprises and unfunded obligations from the state and local level have pushed the debt to a staggering $150 trillion! Davies presents a stirring visual of our out-of-control debt and unfunded liabilities, and a possible solution, in this episode of Learn Liberty.
10 Myths About Federal Debt
Myth 1 is that the government owes “only” $20 trillion. In reality, it’s much more. But luckily, Myth 10 is that there’s no way to fix this problem. Prof. Antony Davies from Duquesne University in Pittsburgh, Pa., explains in this Learn Liberty segment.