The laws of economics and morality are set. They are not to be molded or shaped, only discovered. The marketplace does not bode well for those who choose to make up their own rules. In a world of clear economic laws, there will always be winners and losers. This is to the benefit of us all.
Respect for Universal Law is the Mark of Civilization – Steemit
Podcast: Play in new window | Download
A lack of consideration for the future is what distinguishes Keynesian economics. Spend, consume, and become indebted because the day of reckoning and the pain of reality can always be pushed to future generations to deal with. Kenyesians are like children in that they do not consider the conservation of scarce resources and consume into indebtedness even when funds are no longer available.
This is in striking contrast to most businesses that must obey Economic law. Such businesses cannot continue to operate at a loss without immense suffering. The painful reality eventually reveals all unsustainable practices.
In the long run we are all dead.
John Maynard Keynes
Keynesian Economics is a Puerile Philosophy – Steemit
Podcast: Play in new window | Download
Is it immoral and evil for Hasidic Jews to populate a region, take over control of town and State governments, get on school board of education, and slowly reform the public school system?
No because there is no moral way to utilize the State at any level. The problem is not that bad people take control of the guns of “government”. The problem is that the State exists at all. The problem is that people believe that the State AKA the initiation of force can solve any complex societal problem.
It is not that some are unfit to rule, all are unfit to rule. We do not condemn the lioness for hunting and killing gazelle. It is in their nature. We must not condemn those who seek to use State power to advance their own ends because it is in their nature. The problem is not who sits on the throne. The problem is that the throne exists at all.
Hasidic Jews and the Bane of Humanity – Steemit
Podcast: Play in new window | Download
An analogy can be drawn of the tragedy of the commons as it relates to giving many children a pile of chips and letting them free to fight for the chips. Everyone hordes as many chips as possible for himself/herself. The strong always beat the weak and take the most, fighting often ensues.
The solution is private property where everyone is allotted a specific amount of chips, no fighting ensues. Everyone understands that there is no public pile of chips to fight over.
In a world of scarce resources and infinite desires there must be a rational way to allocate these scarce resources so their value is not wasted and plundered. Private ownership by means of 1st user rights, homesteading, or gifting may solve this problem. Individuals take care of their property and ensure that it remains viable and sustainable for future use.
Tragedy of the Commons and Potato Chips – Steemit
Podcast: Play in new window | Download
What does it mean to be open-minded? Are all philosophies equally valid? Adolf Hitler, Joseph Stalin, and Mao Zedong all had philosophies but millions of people died as a result. I would assert that some philosophies are demonstrably false and others outright destructive. The validity of morality and economics, like mathematics, is determined by the application of basic principles. These are the tools one must use to make sense of a world of conflicting ideologies. Principles must be universalizable, reproducible, and logical for them to be valid. They are not contingent upon feelings, emotions, the weather, religion, age, place of birth, ethnicity, or socioeconomic status. This would place them in the category of beliefs.
Most action originates from thought. All the wealth that has been created was first the incorporeal contemplation of an intrepid individual who dared to imagine a better world. It takes supreme courage to proclaim, “I want to improve the world for my brothers and sisters by serving them!” The power of ideas can never be underestimated. It is only by the steady refinement of our intellect that civilization has been conceivable. Celebrate the principles and ideas that have made progress possible, nay inevitable!
If you do not stand for something, you will fall for anything.
Malcolm X
Do not be so open-minded that your brains fall out.
G.K. Chesterton
Hold Your Principles Dear – Steemit
Podcast: Play in new window | Download