Executive Summary Federal spending is often decried as taking money from the public. Federal spending increases savings in private hands. Introduction The following quotation asserts that deficits add to the savings of taxpayers. “Simply put, government deficits ADD to our savings (to the penny). This is an accounting fact, not theory or philosophy. There is…
Executive Summary Forecast accuracy is very important in determining the correctness of economic models. However, in economics, whether the economist conforms with private banking interests is considered far more important than forecast accuracy. Introduction The following quote covers Godley. “Professor Wynne Godley, retired head of Economics at Cambridge University and now over 80 years old,…
Executive Summary The story of why Wal Mart failed in Germany tells us a lot about why Wal Mart is negative for society. The difference is that in Germany, the government is actually concerned for its population. Introduction In the case study of Wal Mart’s attempted expansion into Germany, the difference is that the government…
Executive Summary The Definition of Doctrinal How I Define Doctrinal When Doctrine Does Not Work Introduction Let us start this post by defining “doctrinal.” Oxford English Dictionary doctrinal |ˈdäktrənl| adjective concerned with a doctrine or doctrines : doctrinal disputes. doctrine |ˈdäktrin| noun a belief or set of beliefs held and taught by a church, political…
Executive Summary A Misappropriated Theory Is This What David Ricardo Was Talking About? Understanding Fake Trade Trade in the Future How Globalization is Often a Scam Introduction David Ricardo was the originator of the trade theory which is referred to as comparative advantage. This book, Principles of Political Economy, introduces the theory of comparative advantage. According…
Executive Summary GDP as a Measure of Economic Benefit What Makes Up GDP? The Implications of This View Introduction One of the falsehoods of modern economics is that the profession has a strong way of measuring the economic benefits that the economy produces. The way they do it is by combining all economic transactions within…
Executive Summary How Economic Think Tanks my in Large Operate Michael Hudson’s Quote Introduction When one watches television talk shows, one is taken by how many guests from conservative think tanks dominate this show. In fact, the vast majority of think thanks are highly conservative but lie about that fact. Even the supposedly moderate Brookings…