Fixing Economic Problems

Fixing Economic Problems.   PDF Version  

It is human nature to want to fix things.. There may be something in an economy that is deemed needing to be fixed. Is something going on in an economy that is apparently unfair? So, a fix is implemented. Sounds simple.

This is the way it works in reality. A proposed fix is applied. Some benefits can be seen. Are there any costs? Yes, but each cost is spread out so that one human cannot feel the impact. Add up all of the small costs and they easily add up to more than any visible benefits.

What happens when we interfere with market forces? Everything in an economy adjusts and changes in response. Understand this. Market forces never disappear, even though they are routinely dreamed not to be present. Command economies have market forces, same as free markets. Continue reading

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Obedience To Authority

 

Obedience To Authority PDF Version

Every now and then, some brave soul ventures forth and blows the whistle on official corruption. Of course, whatever constitutes official corruption, does not appreciate the whistle having been blown on them. The cost to the whistleblower is devastating. Society is prone to automatically believe those on whom the whistle has been blown

Much of what is true, is old. Such as human nature is, when truth is discovered, it is talked about for a short period of time. Then, life goes on as it did before, with the new insight delegated to the back burner, as if it was never discovered. When the truth is something other than what society deems acceptable, it is ignored or replaced with something more agreeable. The Milgram experiment proves just how prone human beings are to obey authority. Continue reading

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