Posts Tagged ‘economics’

Economic Threat LevelI see many articles in the news lately, especially with the US election, talking about the challenges facing Barack Obama’s second term in regards economic threats from abroad. But how is that possible?

This is only possible if one country having a better economy than yours is bad for your own economy. The best way to see the absurdity of this is to think in terms of your neighbor  or maybe a friend. Better yet, since it’s usually countries that we don’t like which are considered economic threats, think of that co-worker you can’t stand, or the guy you really don’t think should be marrying your daughter.
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Leadership And Liberty

It’s important to learn as much as we can on the concepts of freedom, because if we don’t understand what it is and where it came from, we might as well say goodbye; we won’t see it being taken away a little piece at a time.

One of my biggest passions over the past two years has been the concept of freedom. I have always believed that people should be free to do as they wish as long as they aren’t hurting others, but have learned so much about the concepts of freedom that although my core values remain the same, many of my views have changed.

There are two sources of information that I have found to really help me understand what it means to be free, and that shows us how we can impart this information to others; helping to promote a free and prosperous society.
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Quebec tuition hike protestAre the students who are ‘striking’ in Quebec right or wrong in demanding to not have to pay more for school?  With everything that has happened, it is not really important who is right on that topic. What is important to understand is the actions of the students; what it does to individuals and how it infringes upon their freedoms.

If your interested in who is right when it comes to the tuition increases, There is a lot of information available on those ideas through the Austrian school of economics, and so I will not bring up those ideas here.

Regardless of whether or not the students or taxpayers should pay, their actions are wrong. The idea of a strike with today’s laws, goes against the freedom of individuals in society.

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intro to econ

If you are new to the subject, this article will be for you. You will find no complicated formulas or theories here, just a few basic concepts. There will be some in depth explanations and examples through the embedded links for those who want to pursue the concepts further.

What is Economics?

Contrary to popular belief, you need no understanding of math to understand economics; logic and reason on the other hand can be of vital importance.

Economics is about choices. It is looking at the choices of what you or someone else does with your time and money. It also involves who is best to make these choices. It is about how people act and interact, which leads to how wealth is created and maintained. It is about incentives.
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I just finished reading Freedom Shift by Oliver DeMille, and the book is fantastic!

In this book, DeMille puts forth his 3 choices to reclaim our freedoms. Although written from the American perspective, the ideas he lays out can, and should, be applied to every country.

We can have an entrepreneurial revolution, a rise of the independents, or developing and leading new tribes. We are not limited to one choice however, and should endeavor to choose all 3.

DeMille starts off his book by going through the producer vs employee society, and explains how producers are more inclined to promote freedom than a society of dependents. Employees are dependents because everything they do or have is dependent on what their employer gives them, and so can’t truly do anything on their own.

Public schools these days don’t really teach students to be leaders or entrepreneurs, and that is exactly what this world needs if we are to reclaim the freedoms that are constantly being taken away by our governments. Public schools teach people how to be employees, keeping the low and middle class citizens in the low and middle class. Our schools don’t teach us how to get out of those classes, as employees are not meant to. entrepreneurs work for their own dream, while employees work for someone else’s. What our schools teach is remembering names and date and formulas, with very little meaning being brought to any of it. For example, when I was in high school, I remember learning stuff about history, but what it was about those times that made it important. What I learned (when I could remember) were names and dates of different events and people, that was quickly lost after the tests were written. I had gained no understanding or meaning from those people or events.
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The following video was shared with me, either in the hopes of convincing me Socialism is good or as a joke, by someone who believes in socialist ideas. Although it may have been shared only in jest, it is very misleading and the issues need to be discussed. Please click the link to watch the video

Please click the link below if the video does not play

Bill Maher – Irritable Bowl Syndrome

The video leads people who don’t think past the information presented to believe that because there are positive socialist aspects in sports, it proves that socialism is good. It should be noted immediately however that the economy as a whole does not function in a limited environment like that of a sports system.
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freedomAs I’m usually doing these days, I was listening to a CD from the LIFE Freedom Pack called ‘History of Freedom’ by Orrin Woodward and Chris Brady. These are two gentlemen who have studied so much history, and understand what it means to be free. More importantly, they understand where freedom comes from. It’s important to understand the history of freedom, because without it, we don’t truly understand what it means to be free. There is truth to the saying that you don’t know what you have until it’s gone, however I don’t believe that you need to lose something; you just need to know what it is to not have it. If you can picture it in your mind, it can be almost as real as having it happen.

Hopefully, by summarizing the CD here, you can get a better idea of what it means, and a better understanding of how to keep your freedoms. Most of this is from the CD, except where I bring in a Canadian perspective, or use ‘I’.

As Chris Brady starts off,

Freedom is something around which all of us should be able to rally. Freedom is something that ought to be a universal agreement by individuals everywhere that freedom is a shared, sacred ideal. Something that is valuable, and, as a matter of fact invaluable in the lives of people. But yet freedom doesn’t seem to be understood. It seems to be misunderstood. It seems to get mistreated, shoved in the back corner, abused, tortured and even water boarded.

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Unions Should not be BannedLego Empire Union Meeting

Many people feel that due to the powerful and coercive nature of unions, they should be banned. Others think that at the very least there should be laws limiting the more harmful behaviour of unions as many of these concerns are valid. People are worried about high unemployment, rising prices, falling standard of living, unfair working conditions, etc. Taking away people’s freedom to assemble does not seem to be the proper solution. Sure it will alleviate some of the problems, but it does not get to the root of the problem: lack of freedom.

Far too often a law made to reduce a given social or economic ill will have worse consequences then the problem it was meant to fix. Legislators will in turn pass new laws to solve these new problems only aiding in worsening the situation. It is a vicious circle. We should address the root of the union problem, rather than tackle its consequences. If there are harmful socio-economic effects coming from unions, we should be looking at removing existing laws, not putting new band aids in place.
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While reading “Developing the Leader Within You” by John Maxwell, I was intrigued by the chapter dealing with problem solving. As I was going through it, it reminded me of what should be done to solve the problems with the economy and how what is now being done goes against these key principles. What stood out first for me was the first step:

IDENTIFY THE PROBLEM

John Maxwell writes:

‘Too many times we attack the symptoms, not the cause. Ordering your staff to stay at their desks until quitting time is a Band-Aid solution that does not answer the question, “Why does the staff leave early?” Your job is to identify the real issues that lie beneath the symptoms.’

This can be applied to many different areas. The first thing that came to mind when reading was this is relatable to what many are saying about the growing income inequality, and the rich needing to be taxed more. But are they really identifying the problem, or just a bad symptom of the real problem? Will the solution really fix what’s wrong? I would say the poor being poor is the problem, and if the rich being taxed more brings them down closer to the level of poverty, will they now be better off? Why do people just point to the gap and say ‘BAD’? Why don’t they ask “What is causing the gap to occur?” The taxing the rich idea is just a band-aid solution that does nothing to stop the gap from occurring in the first place. I won’t go into all the nasty effects that solution would have on the economy in general, or the poor, in particular in this post.
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When I see surveys done asking if a government program should be funded, I see the question asked and the results to go along with it, and wonder how accurate it truly is. I don’t mean in statistical terms with the margin of error, but in terms of the question being asked, and what question is actually being answered.

It also makes me wonder what are the motives of the people asking the question, and are they looking to get a certain answer? do they themselves truly understand the question being asked, and understand how the public will respond to the wording of the question?

I read an article not long ago about the conservative government planning to cut funding to the CBC (Canadian Broadcasting Corporation), and when I read the part about a survey asking the public if it should be funded, I thought the question a little misleading. For someone who understands economics it is clear enough. However it is my experience that most people don’t care about the subject and many outright despise even thinking about economics. If you don’t truly understand the question, you will end up giving an answer based on your understanding and not on the truth of what is really being asked. Does this make sense to you?

Before you comment or send me messages about how the CBC is an institution that should be funded and I’m wrong for thinking otherwise, understand that I’m not saying one way or the other whether it should be (at least not in this post), as that is beside the point.

The point I’m bringing up concerns all surveys of this kind, whichever side your on.
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