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Category Archives: Economics
ww2 did not save america from the great depression
Rationing, building war machines, young men being forced out of the workforce to other countries just to die in battle. These do not lend themselves to a feeling of prosperity. Apparently, though, common sense is not common. This paper reviews journals and other contemporary sources to confirm what should be obvious: war does not cause prosperity. Continue reading
stitching clothes together is poverty
If you are still not convinced that our policymakers’ objections are inane, consider this: As our U.S. athletes march around the track at London’s Olympic stadium wearing their Chinese-made uniforms and waving their Chinese-made American flags, the Chinese athletes will have arrived in London by U.S.-made aircraft, been trained on U.S.-designed and -engineered equipment, wearing U.S.-designed and -engineered footwear, having perfected their skills using U.S.-created technology. Continue reading
Posted in Economics, Trade
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the great depression did not end till after world war 2
It was not until 1947, when wartime economic controls were ended and government spending and employments levels fell dramatically, that prosperity was restored. Federal government expenditures fell from $98.4 billion in 1945 to $33 billion by 1948, the first year of genuine recovery. Keynesian economists expected a two-thirds reduction in government spending to lead to another depression, but they were dead wrong… Private sector production increased by almost one-third in 1946 alone, as private investment boomed for the first time in eighteen years. Continue reading
Steve Jobs – savior of the poor
Any rational person can look at how government spends money and how Steve Jobs spends money and clearly see that society would be better off not taxing Steve Jobs at all! Steve Jobs has single-handedly given society a standard of living never before imagined. What has government done except impede progress and destroy lives? Continue reading
Posted in Economics, Leftists, Standard of Living
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no winners with free trade
Apparently, the free trade agreement means lost of jobs for both(!) countries. They must magically disappear in the ocean after leaving each respective country. Protectionism is a movement led by con artists, selling snake oil to gullible saps to make personal gain. Continue reading
Posted in Economics, Trade
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money worship and the “buy local” scam
The following is a letter to the editor I wrote in response for a call to “Buy Local”. The name and location have been removed: A very interesting article appeared in the xyz News in which xyz lauds “buying locally”. … Continue reading
Posted in Economics
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those who misrepresent government spending
A while back I read a post by Don Boudreaux criticizing those who claim trust funds are not real debt. I realized that while he is responding to a real person who reality believes this, I half scoffed to myself … Continue reading
Posted in Economics, Goverment
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a few questions for Socialists on wealth creation
From a leftist paper’s online comments: People shop at Wal Mart BECAUSE they can’t afford to shop anywhere else because Wal Mart drives other businesses who pay more out. Self fulfilling prophecy! Is that how it works? This conjures up … Continue reading
Posted in Economics, Labor, Leftists
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Industrial Revolution and Child Labor
It is sickening, those who advocate child labor laws. Laws are filled with unintended consequences. Their very purpose is to use force to stop people from performing mutually beneficial activities. These laws, quite literally, “steal jobs away from children.” These children often starve, dig through garbage, or turn to prostitution. It makes me sick when Americans advocate ruining the lives of these precious children. Continue reading
Posted in Economics, History, Industrial Revolution, Labor, Uncommon Sense
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should we trust the experts
As government funding expands and personal powers grow more concentrated, people will fight harder and harder to reach the upper echelon of their chosen groups. Millions of dollars, unquantifiable power, and limitless prestige are all given to the top ranks of each field. It is all about stasis. The truth is often the innocent bystander that gets ignored. Continue reading
Posted in Economics, Human Nature
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reality is not optional 