fogmind
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Post by fogmind on Jul 13, 2018 8:58:33 GMT
I'm currently reading Basic Economics by Thomas Sowell and I really like it. He reiterates a lot how the study economics is discrete to it's field and does not include morality.
In the chapter about state price restrictions he explains in how limiting prices can often lead to a situation that hurts the very people the state was trying to help. Like rent controls ending up in situations where rich people live in a large rent controlled apartment for a few hundred a month and poor people end up sharing a single room studio with three others paying over a thousand each because that's the only thing they could get.
I've always been of the opinion that rent controls like that are a bad idea, but I like the fact that Sowell put the argument forth so clearly. The book seems like a way more accessible medium to arguments like the ones F.A. Hayek made.
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mazarick
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Post by mazarick on Jul 22, 2018 13:49:07 GMT
Your ideas (or the ideas of Basic Economics by Thomas Sowell) are extremely valid. You are amazed at what you find just as I am amazed at what I discovered. Let's keep being amazed at what is discovered.
Mike Mazarick
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Post by mrequilibrium on Jul 27, 2018 21:51:11 GMT
Basic Economics is a great book
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sanic
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Post by sanic on Aug 26, 2018 13:36:58 GMT
Can also recommend "The Intelligent Investor" by Benjamin Graham if you are into stock trading.
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Post by johnsilva6 on Nov 28, 2018 7:32:43 GMT
It's not a bad description of the perfect price system. It is a terribly incomplete and biased introduction to microeconomics and should be considered more wrong than right on macroeconomics.
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Post by mainrain on Jan 8, 2019 10:53:42 GMT
Not only do the poor end up paying more than the rich, there are also rich-only facilities in many housing schemes offered to those seeking subsidies. That is, those availing subsidy cannot use the sauna, the terrace, or the parking facility. All this only strengthens class divide, even as people claim that there is no such thing as "class" in America. Not to mention the stigma surrounding those who avail subsidy: they are considered lazy freeloaders who bleed dry the state's coffers. It has, therefore, been argued that economics should also necessarily focus on ethics, morality, and even jurisprudence (Source: Macroeconomics: Principles, Problems, & Policies - 20th Edition) |
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PISTON1246
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Post by PISTON1246 on Jan 11, 2019 19:41:34 GMT
IF MY GOAL IS TO COLLECT AT LEAST $20K PER MONTH FROM AN APARTMENT COMPLEX WITH TEN UNITS I SHOULD BE ABLE TO CHARGE $2000 A MONTH FROM EACH UNIT.
WHAT IF SOMEONE CANNOT PAY MORE THAN $1000? I SHOULD HAVE THE FREEDOM TO CHARGE THAT AND MAYBE CONTRACT TO CHARGE MORE FOR SOME OTHER UNITS FOR THE NEXT YEAR.
I BELIEVE IN A FREE MARKET WHERE SELLERS AND RENTERS CAN CHARGE WHATEVER PRICE THEY WANT FOR THEIR PRODUCTS AND SERVICES. LOW OR HIGH. IF YOU WANT YOU CAN DO CHARITY BY GIVING THINGS AWAY FOR FREE. THAT IS THE WAY I LOOK AT IT.
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Post by jonbain on Jan 11, 2019 21:52:04 GMT
I'm currently reading Basic Economics by Thomas Sowell and I really like it. He reiterates a lot how the study economics is discrete to it's field and does not include morality. So as long as there is money involved its all hunky dory then? Economics always reduces to morality, specifically theft, but also honesty, otherwise its just fraud... |
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sai123
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Post by sai123 on Jul 14, 2020 14:32:58 GMT
Your ideas (or the ideas of Basic Economics by Thomas Sowell) are extremely valid. You are amazed at what you find just as I am amazed at what I discovered. Let's keep being amazed at what is discovered. Mike Mazarick Is this book helpful for high school and college students? |
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Post by soulcreator0123 on Sept 22, 2020 9:04:32 GMT
People don't have a clue.
Did you know if we go into debt, wr self funded and pay back debt within 2 years.
we could save the public $15,000 each for $500 billion debt.
To payback debt we charge the public a 2 year tax of $15,000 per year for 2 years. $30,000 * 320 million in America. Australia $30,000 * 27 million people = something like $700 billion.....pays for it's self in 2 years.
So for instance Adelaide water = the same cost for other bigger states because water cost 3* more. So we give each state $11.5 billion * 5 = $60 billion dollars. What happens now is it goes into a safe low interest fund that makes $5% pa. The interest made is $575 million dollars and now we calculate the company's profit.
Adelaide water department make $320 million dollars pa. We - the $320 from $575, and put back in $255 million from interest made pa into the interest fund. Now we call it interest interest and make $255 left * 5% = $14 million pa.
The water department can have a rise of $14 million pa or every 10 years $140 million rise. It's self funded for life.
The public save $1000 - $3500 pa for life.
Repeat on other public cost and government taxes that will see taxes stopped within 15 years....Just go into debt by $400 billion every 2 years and repeat....2 years time pay back debt and repeat.
We'll go into debt AU $7 trillion over 12 years and self fund most things saving the public $15,000 Grand every 4 years + pa.
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