Middle Class Economics
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 [...]
Continue reading about What Is the Mental Class Mentality? – Final Question from Investor.ge
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
“Think Tank Explosion” is a white paper produced by the Government Research Service, reporting on their Think Tank Directory. The paper starts off by stating that think tanks have had a major impact on public policy. This statement is, in a sense, beside the point. The mission of a think tank is to influence policy; [...]
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 [...]
(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 [...]
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 [...]
Under the entry “Middle Class Economics” I asserted that the middle class would thrive in a true meritocracy. Perhaps I should have added that a true meritocracy would be built around the notion that wealth was generated by production, rather than trade. Perhaps that qualifier might have preempted the anonymous response I got (hence, not [...]