Tag Archives: taxes

Friction

Dear Friends, It seems to me, a bearing is designed to reduce friction so the shaft it holds can rotate with as little loss as possible, adding sand and thus more friction increases loss to the point the shaft fails … Continue reading

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Creative Destruction, Say’s Law and the Pseudo Science of Economics

Dear Friends, It seems to me, supply really does drive demand in the creative phase of the creative destruction cycle, and arguments to the contrary are most often based on observation bias. The theory that supply drives demand is Say’s … Continue reading

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Stagnationist Economic Policies

  Dear Friends,   It seems to me, we have learned nothing from the stagnationist policies that created the Great Depression, and so are repeating it. The policies that kept the US, and indeed the entire world, in recession for … Continue reading

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Economics of A Scale

    Dear Friends,   It seems to me, a simple way to think about a nation’s economy, is that of a balance. On one side of the scale there would be education, entrepreneurial ethos, work ethic, incentives, etc… and … Continue reading

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Standards Based Society Versus Regulated Society

Dear Friends,   It seems to me, standards are better for humanity than regulation, but regulation is better for the elite. Standards encourage commerce while regulations are, by design, intended to give some politically favored group, privilege. Standards drive people … Continue reading

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Immigration Reform

Dear Friends,   It seems to me, the immigration bill that is winding it’s way through the legislature, should be called “The wage suppression act of 2013.” Let’s face it, the United States does not have a shortage of workers, … Continue reading

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Incentives, in the Long and Short Term

Dear Friends,   It seems to me, incentives count, in every facet of human existence. People can be relied on to do what is in their immediate interests. Long term interests however, have less bearing on what we do, because … Continue reading

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Charity, Redistribution, Compassion and Resentment.

Dear Friends,   It seems to me, charity elevates both the giver and the receiver, while redistribution lowers both. This is a critically important thing for the average person to understand. Those who actually want to help their neighbor will … Continue reading

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The Deflation Bugbear

Dear Friends,   It seems to me, when economists worry about deflation it is like a doctor worrying about a runny nose, they both are concentrating on a symptom, not the underlying disease. The consensus among economists is that deflation … Continue reading

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The Republican Party is Dead… Long Live the Tea Party

Dear Friends,   It seems to me… the republican party is in a death spiral of it’s own making. No political party can stab it’s base in the back, over and over, and survive as a viable party for long. … Continue reading

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