By Jeffrey Dorfman
Today’s political climate is highly partisan. Debates are full of personal attacks, harsh words, and complete disagreements as each side clings tightly to strongly held beliefs. Part of the difficulty in reaching the compromises necessary to get things done in Washington is that the two parties believe so many opposite theories with each side sure that their opinion represents fact. With that in mind, here are ten economic facts that liberals need to learn.
JEFFREY DORFMANProfessor of Applied EconomicsUniversity of Georgia
1) Government cannot create wealth, jobs, or income.
Because government has to take money from somebody before it can spend it, there is no economic gain from anything the government does. Money collected in taxes or…