Moral Manipulation and Magna Carta

Government 1B: Lesson 15 Does the state have the right to redistribute wealth from some people to others? Why or why not? The quickest way to answer this question is by saying no, absolutely not. But I assume you will want a little more detail and reasoning behind this answer, so I will elaborate. The … Continue reading Moral Manipulation and Magna Carta

Manufacturing to Services

Economics: Lesson 165 If Americans 'buy Asian,' what can Asian exporters do with the dollars? Politicians have trained the public to believe that a manufacturing country is more wealthy. This is true, and the Industrial Revolution is the perfect example of this. But what happens when a nation gets exceedingly rich? It shifts from manufacturing … Continue reading Manufacturing to Services

Price levels and monetary inflation

Economics: Lesson 145 If there is no 'price level,' how could anyone prove that monetary inflation raises prices? The price level is a statistic the tells the price of goods and services. The price level often fluctuates depending on how much money is in the market. When the money supply increases, prices rise. You might … Continue reading Price levels and monetary inflation

An Example of the Broken Window Fallacy

Economics: Lesson 125 An example of the broken window fallacy as applied to a government intervention. The broken window fallacy is all about seeing the thing unseen. Government is often at fault for taking taxes and using them for things that are not necessary but are easily seen by the public. If taxpayers were able … Continue reading An Example of the Broken Window Fallacy

Honest Money and the Economic Laws of the Bible

"Does a national government need to issue its own money in order to secure honest money?" What is Honest Money? To even begin to answer this question we have to understand what honest money is. Money is described as the most marketable commodity, and the origin of money was determined by the people and market. … Continue reading Honest Money and the Economic Laws of the Bible