A Series of Effects ( Read more... )

On the economics system spectrum, there are two extremes. Absolute free trade on the one end, and Central Planning on the other. Neither "free trade" nor "centrally planned" economies work because they both have the same flaw - they ignore human nature. People are greedy - and lazy. In both of these systems you see both characteristics in play ( Read more... )

http://www.businessinsider.com/the-feds-most-dangerous-game-checkmate-2011-4

The fat's in the fire, folks - and the sizzling is getting louder.

I've been reading the book, "The Shock Doctrine" by Naomi Klein. It's primarily about the Friedman economic theory of Monetarism and the Unregulated Free Market system he proposed, and the methodology that was used to "install" the system on an unwilling population. According to the book, there is/was all kinds of skulduggery and evil thieving ( Read more... )

It has occurred to me that the concept of GDP (Gross Domestic Product) is misunderstood.

It is touted by many as an ECONOMIC measurement. It is not. It is simply a measurement of the movement of money. Consider the recent spending by the US Government to "bail out" banks, or to waste on various worthless projects that create nothing and change ( Read more... )

Lest you think that this is another cute little fiction piece, I must say right off that it's not. It's an economics piece - and it's deadly serious ( Read more... )