Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Friday, December 21, 2012
Exit Tax on citizens leaving a state for another state...
Check it out...then think on it. Regardless if you like the idea or not, what will the real impact be?
Think dynamically...who will want to move into these states? And who will not?
http://www.realclearmarkets.com/articles/2012/12/17/when_will_death_spiral_states_impose_taxes_on_fleeing_citizens_100047.html
Thursday, December 13, 2012
The religion behind the season...the HOLIDAY season...
Ever think of the Christmas/Holiday season being the ultimate in religious expression/practice? Think of it...Santa Claus is our God.
- He is omniscient, knows if all of us have been good or bad
- He is omnipresent, can deliver gifts all across the world in one night
- He rewards our behavior, or punishes it
- We sing songs/hymns praising his arrival and prowess
- We spend time in worship in the cathedrals called shopping malls and stores
- We offer up to him our children, ensconcing them in his bosom...
- We have effigies, idols of our God, Santa Claus everywhere, yards, homes, shops, schools, etc.
- We pray to him/write letters requesting him to intercede for us and bless us with showers of gifts
Deny these assertions. I dare you.
The economic pendulum may swing back...
What goes around comes around. The story of economics... As wages and costs rise in China, the comparative advantage of the US labor force becomes more attractive. Yet this story hides this until the end, and then only obfuscated. Makes it seem more like it is our consumer preference to see made in the USA...but it's not.
http://www.cbsnews.com/8301-205_162-57557617/foxconn-plans-to-expand-manufacturing-to-u.s/
http://www.cbsnews.com/8301-205_162-57557617/foxconn-plans-to-expand-manufacturing-to-u.s/
Saturday, December 8, 2012
Nick Kristof, call your office
A revered columnist for the New York Times, Nick Kristof has waded into the morass left in the wake of Hurricane/Superstorm Sandy that gobsmacked the liberal meccas of New York metropolitan and Jersey Shore. His column is linked below. As you read it, wonder some things...where does Mr. Kristof live? Was he too ignorant to get his own generator? Does he like hypocrisy in that the same people he's lambasting are the ones that give so much support to the causes Kristof is so enamored with?
Think, ponder, wonder, and see the man behind the curtain. Is there a law of unintended consequences that he fails to acknowledge, or not?
http://www.nytimes.com/2012/11/22/opinion/kristof-a-failed-experiment.html?_r=0
http://www.nytimes.com/2012/11/22/opinion/kristof-a-failed-experiment.html?_r=0
Think, ponder, wonder, and see the man behind the curtain. Is there a law of unintended consequences that he fails to acknowledge, or not?
http://www.nytimes.com/2012/11/22/opinion/kristof-a-failed-experiment.html?_r=0
http://www.nytimes.com/2012/11/22/opinion/kristof-a-failed-experiment.html?_r=0
Subscribe to:
Posts (Atom)