Tag Archives: economic theory

Oversimplification Wealth And Power

Posted on September 10, 2025 by john

Dear Friends, It seems to me, economics is more complex than the elites would have us believe, or understand themselves. Milton Friedman said inflation is always a function of monetary policy, which I think is an oversimplification. John Maynard Keynes … Continue reading →

Posted in business, economy, philosophy | Tagged aggregate demand, aggregate supply, Austrian economics, banking crisis, boom bust cycle, bubble economy, central banking, central planning, creative destruction, cronyism, economic elites, economic history, economic manipulation, economic orthodoxy, economic oversimplification, economic theory, economics, elite power, federal reserve, fiscal policy, government intervention, great depression, inflation, john maynard keynes, joseph schumpeter, keynesian economics, milton friedman, monetarism, monetary policy, power distribution, progressive era, recession, regulatory policy | Leave a comment

Perfect Competition

Posted on July 6, 2025 by john

Dear Friends, It seems to me, no company on Earth wants perfect competition in its own industry, but every company seeks perfect competition in the job market. Why? It’s self-serving. Companies want cheap labor and expensive products. That paradigm allows … Continue reading →

Posted in business, economy, Group Politics, Law, media, philosophy | Tagged American worker, barriers to entry, collective action, corporate lobbying, corporate-government collusion, crony capitalism, economic theory, executive bonuses, free markets, globalization, H1B visa, immigration policy, labor market, outsourcing, perfect competition, political economy, regulatory capture, wage disparity, wage suppression, wells fargo | Leave a comment

Tag Archives: economic theory

Oversimplification Wealth And Power

Perfect Competition

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