Tag: economics
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Libertarianism
Early in my political study I flirted with the ideas of libertarianism. I was highly disenchanted with the Republicans and skeptical of the chances that the Democrats could right their party which, at the time, lacked a specific direction. I had taken the worlds smallest political quiz and though my score varied at times I…
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Economies of Scale
This news is disturbing but hardly surprising – our existing entitlement programs are unsustainable in the long term. The more I think about it the more I realize that this is like a lesson I learned as a child about ants. There’s an old movie that depicts 25-foot tall ants attacking people. What I learned…
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The Law of Abundance
I have thought for a long time about the basic premise of capitalism and economics. Thanks to the discussion on Wealth is Always Distributed I have decided to write down my thoughts on the subject. Economics are based on the assumption of scarcity. My observations lead me to believe that the only real scarcity is…
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Think Globally; Act Locally
I think that the idea of “think globally, act locally” (TGAL) points us in the wrong direction. If I base my local actions on what is best for everyone globally it leads to uninformed decisions because I have a very limited knowledge or control over the global repercussions of my actions. No matter how much…
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Wealth is Always Distributed
I’ve been thinking about the whole distribution of wealth thing and I begin to wonder if it is really a problem. What happens when Alex Rodriguez gets paid $25 million dollars a year? (I pick him because I know his salary) I have heard arguments that if we tax the rich too heavily they will…