I sent along some final thoughts to the editor of the business magazine for the American Chamber of Commerce in Georgia, Molly Curso. Here they are.
Final Thoughts
First, I would like to qualify my previous answer to question #2. I said markets were necessary for the middle class. I would add that free markets are best. [...]
Continue reading about Middle Class Questions from Investor.ge – Final Thoughts
Last week I posted my responses to three questions asked by the editor of a business magazine put out by the American Chamber of Commerce in Georgia (the country). Here is my response to her final question.
(4) Is there such a thing as the mentality of the middle class? There is the idea that the [...]
Continue reading about What Is the Mental Class Mentality? – Final Question from Investor.ge
Here is the third question posed to me by the editor of the business magazine Investor.ge, put out by the American Chamber of Commerce in Georgia.
(3) Why is it (the middle class) important? Can we say it is more important economically than socially or does it play an important role in both spheres? What is [...]
Continue reading about Is the Middle Class a Cause or Effect?
I recently got a request for an interview by the editor of a business magazine, Investor.ge. The magazine is produced by the American Chamber of Commerce in Georgia (the country). For those aware of recent events on The Middle Class Forum this is quite ironic. There is a recent commenter out there rolling his eyes [...]
Continue reading about What Is the Middle Class? – A Question from Investor.ge
A teachable moment recently occurred on The Middle Class Forum. I received a comment faulting how I related entitlements to stockholders. I approved and replied to that comment, but I’m going to cut and paste that reply here for three reasons: 1) my original reply was “off the cuff” and there was sloppiness in my [...]
Property is neither a natural right, as John Locke claimed, nor a fence to liberty, as claimed by James Madison. The natural right claim is easily dismissed. If you live in Connecticut you do not own property in California unless there is some type of government to back up your claim. “Squatter’s rights” or “use [...]
Continue reading about Liberty and Tyranny – Private Property
I’ve asked the following, somewhat rambling question over on the forums page.
A person who is not an economist, like myself, gets so easily confused by the things certain types of economists say these days. For example, many an economist from many a “free market libertarian” think tanks are claiming our government has been moving towards [...]
(Started on 6/27. Update added below on 6/28)
As I was writing Systems out of Balance I tried to keep abreast of the misinformation being used to persuade us to continue with laissez faire policies. The enhancement of liberty and wealth were the most dominant types of misinformation when I started. Laissez faire economists twisted the [...]
As I look back on my last entry, and on a recent flurry of comments, I realize how I’ve been diverted from my objectives of how I wanted to transition this web site. It will take some time, but I will be working on getting forums set up where people can post anonymously, thus removing [...]
I received an anonymous comment the other day that casts some doubt as to whether a true meritocracy would benefit the middle class because of the vitality function (curve). In essence I have addressed this already on The Middle Class Forum in a post that brought up the Pareto Principle. The Pareto Principle theorizes that [...]
